08-14-2013
Top Day Market News
Should be a bit better pace to news flow today with the release of July’s Producer Price Index and the core rate at 8:30, then the release of crude inventories at the usual slotted time of 10:30. Today seems to be a pivotal day technically as you can see from the slate below; the stock indices, the Yen and interest rates are all in position to reverse their intermediate trends.
With equities at current levels and the stock market being one of the better leading economic indicators, tapering would seem to be called for and this event would be able to contract the differential between the price of the stock market at 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 |
|
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Aug 12 |
14:00 |
Treasury Budget |
Jul |
-$96.0B |
-$96.0B |
-$69.6B |
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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% |
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Aug 13 |
08:30 |
Export Prices ex-ag. |
Jul |
NA |
NA |
-0.2% |
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|
Aug 13 |
08:30 |
Import Prices ex-oil |
Jul |
NA |
NA |
-0.3% |
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Aug 13 |
10:00 |
Business Inventories |
Jun |
0.0% |
0.1% |
0.1% |
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Aug 14 |
07:00 |
MBA Mortgage Index |
08/10 |
NA |
NA |
0.2% |
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|
Aug 14 |
08:30 |
PPI |
Jul |
0.3% |
0.3% |
0.8% |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
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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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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Sept ES |
PRD(U) |
1665.50 |
1675.00 |
1681 |
1697 |
1699 |
1714 |
|
Sept Nasdaq |
PRD(U) |
3065 |
3088 |
3111 |
3155 |
3136 |
3164 |
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Sept Yen |
PRD(D) |
99.50 |
101.67 |
100.82 |
102.70 |
105.20 |
106.56 |
|
Sept EC |
D |
131.58 |
132.50 |
132.24 |
133.09 |
134.18 |
134.94 |
|
Sept 10 Year |
PRD(D) |
125.28 |
126.11 |
124.31 |
126.09 |
127.02 |
127.11 |
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Sept 30 Year |
PRD(D) |
132.03 |
133.09 |
131.14 |
133.18 |
135.04 |
135.25 |
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Nov Soybeans |
PRD(U) |
11.47 |
11.65 |
12.11 |
12.38 |
11.97 |
12.11 |
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Sept Corn |
D |
4.56 |
4.60 |
4.47 |
4.69 |
4.73 |
4.815 |
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Dec Gold |
U |
1254 |
1283 |
1303 |
1335 |
1340 |
1368 |
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Sept Silver |
U |
18.58 |
19.54 |
20.77 |
21.68 |
21.02 |
21.54 |
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Sept Coppe r |
U |
306 |
318 |
329 |
334 |
337 |
344 |
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Sept Crude |
U |
99.84 |
102.93 |
105.86 |
107.50 |
108.40 |
110.78 |
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