8.12.2014
Top Day Recommendations
Another very light news day in terms of economic releases. The market took the tact that Russia now will not stage a protracted operation in the Ukraine and consequently, it was a risk back on session. Buyer beware. Next big event risk will be Retail Sales tomorrow. US is up to 100 drone missions a day on Iraq. RIP Robin Williams. Singapore’s GDP unexpectedly expands. Market is constrained by a trading range.
|
Week of |
August |
11 - August 15 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 12 |
10:00 |
JOLTS - Job Openings |
Jun |
|
NA |
NA |
4.635M |
|
|
Aug 12 |
14:00 |
Treasury Budget |
Jul |
|
-$96.0B |
-$96.0B |
-$97.6B |
|
|
Aug 13 |
07:00 |
MBA Mortgage Index |
08/09 |
|
NA |
NA |
1.6% |
|
|
Aug 13 |
08:30 |
Retail Sales |
Jul |
|
0.1% |
0.3% |
0.2% |
|
|
Aug 13 |
08:30 |
Retail Sales ex-auto |
Jul |
|
0.3% |
0.3% |
0.4% |
|
|
Aug 13 |
10:00 |
Business Inventories |
Jun |
|
0.3% |
0.4% |
0.5% |
|
|
Aug 13 |
10:30 |
Crude Inventories |
08/09 |
|
NA |
NA |
- 1.756M |
|
|
Aug 14 |
08:30 |
Initial Claims |
08/09 |
|
310K |
305K |
289K |
|
|
Aug 14 |
08:30 |
Continuing Claims |
08/02 |
|
2525K |
2523K |
2518K |
|
|
Aug 14 |
08:30 |
Export Prices ex-ag. |
Jul |
|
NA |
NA |
-0.3% |
|
|
Aug 14 |
08:30 |
Import Prices ex-oil |
Jul |
|
NA |
NA |
-0.1% |
|
|
Aug 14 |
10:30 |
Natural Gas Inventories |
08/09 |
|
NA |
NA |
82 bcf |
|
|
Aug 15 |
08:30 |
PPI |
Jul |
|
0.0% |
0.2% |
0.4% |
|
|
Aug 15 |
08:30 |
Core PPI |
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 15 |
08:30 |
Empire Manufacturing |
Aug |
|
15.0 |
15.5 |
25.6 |
|
|
Aug 15 |
09:00 |
Net Long-Term TIC Flows |
Jun |
|
NA |
NA |
$19.4B |
|
|
Aug 15 |
09:15 |
Industrial Production |
Jul |
|
0.6% |
0.3% |
0.2% |
|
|
Aug 15 |
09:15 |
Capacity Utilization |
Jul |
|
79.5% |
79.2% |
79.1% |
|
|
Aug 15 |
09:55 |
Mich Sentiment |
Aug |
|
79.0 |
81.7 |
81.8 |
|
Numbers below are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.
Legend U is Up
D is Down
PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support
DS is Daily Support DR is Daily Resistance
R1 is Weekly Good Resistance and is calculated once a week on Sunday night
R2 is Weekly Strong Resistance and is calculated once a week on Sunday night
Levels are for the most active futures contract
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1869.75 |
1896.5 |
1933 |
1941 |
1943.7 |
1964.50 |
|
Sept Nasdaq |
PRD(U) |
3783 |
3828 |
3879 |
3923 |
3917 |
3961 |
|
Sept Yen |
U |
96.54 |
97.28 |
97.72 |
98.12 |
98.65 |
99.28 |
|
Sept EC |
D |
132.94 |
133.53 |
133.64 |
134.02 |
134.50 |
134.94 |
|
Sept 10 Year Note |
U |
124.12 |
125.04 |
125.19 |
126.04 |
126.18 |
127.09 |
|
Sept 30 Year Bond |
U |
136.10 |
137.26 |
138.28 |
139.28 |
140.15 |
141.28 |
|
Nov Soybea ns |
D |
10.43 |
10.64 |
10.61 |
10.84 |
10.95 |
11.05 |
|
Dec Corn |
D |
3.42 |
3.47 |
3.596 |
3.706 |
3.60 |
3.65 |
|
Dec Gold |
D |
1265 |
1287 |
1303.40 |
1316.40 |
1328 |
1347 |
|
Sept Silver |
D |
19.33 |
19.62 |
19.75 |
20.18 |
20.34 |
20.77 |
|
Sept Copper |
D |
310 |
314 |
312.00 |
322.00 |
323 |
329 |
|
Sept Crude |
U |
95.40 |
96.37 |
97.28 |
98.48 |
98.49 |
99.64 |
|
|
|
|
|
|
|
|
|