08-13-2013
Top Day Market News
Retail sales at 8:30 will move the markets today. Meanwhile, the Yen is lower as Japan is considering corporate tax cuts to boost their economy. Gold lost momentum overnight as the recent rally has demised demand. Grains are higher in the wake of the grain report. German investment confidence was better than expected. Again, the problem with US equities is the difference between the price and its 200 day moving average.
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Week of August 12 - August 16 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Aug 12 |
14:00 |
Treasury Budget |
Jul |
-$96.0B |
-$96.0B |
-$69.6B |
|
|
Aug 13 |
08:30 |
Retail Sales |
Jul |
-0.1% |
0.2% |
0.4% |
|
|
Aug 13 |
08:30 |
Retail Sales ex-auto |
Jul |
0.0% |
0.3% |
0.0% |
|
|
Aug 13 |
08:30 |
Export Prices ex-ag. |
Jul |
NA |
NA |
-0.2% |
|
|
Aug 13 |
08:30 |
Import Prices ex-oil |
Jul |
NA |
NA |
-0.3% |
|
|
Aug 13 |
10:00 |
Business Inventories |
Jun |
0.0% |
0.1% |
0.1% |
|
|
Aug 14 |
07:00 |
MBA Mortgage Index |
08/10 |
NA |
NA |
0.2% |
|
|
Aug 14 |
08:30 |
PPI |
Jul |
0.3% |
0.3% |
0.8% |
|
|
Aug 14 |
08:30 |
Core PPI |
Jul |
0.2% |
0.2% |
0.2% |
|
|
Aug 14 |
10:30 |
Crude Inventories |
08/10 |
NA |
NA |
-1.320M |
|
|
Aug 15 |
08:30 |
Initial Claims |
08/10 |
340K |
339K |
333K |
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|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Aug 15 |
08:30 |
Continuing Claims |
08/03 |
3000K |
3000K |
3018K |
|
Aug 15 |
08:30 |
CPI |
Jul |
0.2% |
0.2% |
0.5% |
|
Aug 15 |
08:30 |
Core CPI |
Jul |
0.2% |
0.2% |
0.2% |
|
Aug 15 |
08:30 |
Empire Manufacturing |
Aug |
5.0 |
6.0 |
9.46 |
|
Aug 15 |
09:00 |
Net Long-Term TIC Flows |
Jun |
NA |
NA |
-$27.2B |
|
Aug 15 |
09:15 |
Industrial Production |
Jul |
1.0% |
0.4% |
0.3% |
|
Aug 15 |
09:15 |
Capacity Utilization |
Jul |
78.0% |
78.0% |
77.8% |
|
Aug 15 |
10:00 |
Philadelphia Fed |
Aug |
10.0 |
10.0 |
19.8 |
|
Aug 15 |
10:00 |
NAHB Housing Market Index |
Aug |
55 |
57 |
57 |
|
Aug 15 |
10:30 |
Natural Gas Inventories |
08/10 |
NA |
NA |
96 bcf |
|
Aug 16 |
08:30 |
Housing Starts |
Jul |
855K |
895K |
836K |
|
Aug 16 |
08:30 |
Building Permits |
Jul |
925K |
934K |
911K |
|
Aug 16 |
08:30 |
Productivity-Prel |
Q2 |
0.0% |
0.0% |
0.5% |
|
Aug 16 |
08:30 |
Unit Labor Costs |
Q2 |
-1.0% |
-0.3% |
-4.3% |
|
Aug 16 |
09:55 |
Mich Sentiment |
Aug |
85.1 |
85.1 |
85.1 |
MARKET PLACE
Numbers 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
Daily Support and Resistance
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
D |
1665.50 |
1675.00 |
1678 |
1696 |
1699 |
1714 |
|
Sept Nasdaq |
D |
3065 |
3088 |
3102 |
3151 |
3136 |
3164 |
|
Sept Yen |
U |
99.50 |
101.67 |
102.54 |
104.09 |
105.20 |
106.56 |
|
Sept EC |
PRD(D) |
131.58 |
132.50 |
132.45 |
133.45 |
134.18 |
134.94 |
|
Sept 10 Year |
U |
125.28 |
126.11 |
126.09 |
126.29 |
127.02 |
127.11 |
|
Sept 30 Year |
U |
132.03 |
133.09 |
133.01 |
134.28 |
135.04 |
135.25 |
|
Nov Soybeans |
D |
11.47 |
11.65 |
11.96 |
12.57 |
11.97 |
12.11 |
|
Sept Corn |
D |
4.56 |
4.60 |
4.59 |
4.82 |
4.73 |
4.815 |
|
Dec Gold |
U |
1254 |
1283 |
1317 |
1347 |
1340 |
1368 |
|
Sept Silver |
U |
18.58 |
19.54 |
20.82 |
21.95 |
21.02 |
21.54 |
|
Sept Copper |
U |
306 |
318 |
328 |
335 |
337 |
344 |
|
Sept Crude |
PRD(U) |
99.84 |
102.93 |
105.32 |
107.32 |
108.40 |
110.78 |
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