8.17.12
Top Day Market News
The end of this week brings U of Michigan Consumer Sentiment figures and Leading Economic Indicators at 9:55 and 10:00. Overnight, it’s been quiet, an August night sort of quiet. We continue to see diminished volumes with prices sprinting to the sweet spot of the trading range just after the opening then grinding there for the balance of the day. The weekend considerations remain focused on the Mid East with Iran, Syria and Israel. Oil is clearly being supported here by the fear of escalation and the fact that US dependence on Saudi oil has increased over the past year even as US production has ramped up. Sept Crude comes off the board on Tuesday.
A modest vacation will be taken through and including next Wednesday.
|
Week of August 13 - August 17 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 14 |
08:30 |
|
Jul |
|
0.0% |
0.2% |
-0.5% |
|
|
Aug 14 |
08:30 |
|
Jul |
|
0.0% |
0.3% |
-0.4% |
|
|
Aug 14 |
08:30 |
|
Jul |
|
0.2% |
0.2% |
0.1% |
|
|
Aug 14 |
08:30 |
|
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 14 |
10:00 |
|
Jun |
|
0.2% |
0.2% |
0.3% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 15 |
07:00 |
MBA Mortgage Index |
08/11 |
|
NA |
NA |
-1.8% |
|
|
Aug 15 |
08:30 |
|
Jul |
|
0.2% |
0.2% |
0.0% |
|
|
Aug 15 |
08:30 |
|
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 15 |
08:30 |
Empire Manufacturing |
Aug |
|
5.0 |
5.0 |
7.4 |
|
|
Aug 15 |
09:00 |
Net Long-Term TIC Flows |
Jun |
|
NA |
NA |
$55.0B |
|
|
Aug 15 |
09:15 |
|
Jul |
|
1.0% |
0.6% |
0.4% |
|
|
Aug 15 |
09:15 |
|
Jul |
|
79.4% |
79.3% |
78.9% |
|
|
Aug 15 |
10:00 |
NAHB Housing Market Index |
Aug |
|
35 |
35 |
35 |
|
|
Aug 15 |
10:30 |
Crude Inventories |
08/11 |
|
NA |
NA |
- 3.729M |
|
|
Aug 16 |
08:30 |
|
08/11 |
|
365K |
368K |
361K |
|
|
Aug 16 |
08:30 |
|
08/04 |
|
3300K |
3300K |
3332K |
|
|
Aug 16 |
08:30 |
|
Jul |
|
770K |
763K |
760K |
|
|
Aug 16 |
08:30 |
|
Jul |
|
750K |
770K |
755K |
|
|
Aug 16 |
10:00 |
|
Aug |
|
-5.0 |
-5.0 |
-12.9 |
|
|
Aug 17 |
09:55 |
|
Aug |
|
71.0 |
72.2 |
72.3 |
|
|
Aug 17 |
10:00 |
|
Jul |
|
0.2% |
0.2% |
-0.3% |
|
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 |
U |
1381.25 |
1392 |
1404.50 |
1423.50 |
1408.5 0 |
1414.25 |
|
Sept Nasdaq
|
U |
2654 |
2687 |
2743.25 |
2794.25 |
2739 |
2756 |
|
Sept Yen
|
D |
126.50 |
127.17 |
125.54 |
126.59 |
128.27 |
128.70 |
|
Sept EC
|
D |
121.25 |
122.11 |
122.90 |
124.52 |
124.15 |
125.35 |
|
Sept 10 Year
|
D |
132.18 |
133.05 |
132.03 |
132.30 |
134.10 |
134.28 |
|
Sept 30 Year
|
D |
145.26 |
147.10 |
144.31 |
146.11 |
150.11 |
151.28 |
|
Nov Soybeans
|
U |
15.09 |
15.76 |
16.05 |
16.39 |
16.89 |
17.35 |
|
Sept Corn
|
PRD(U) |
7.63 |
7.86 |
7.84 |
8.02 |
8.29 |
8.48 |
|
DEC Gold
|
U |
1595 |
1609 |
1607.4 |
1633 |
1633.4 |
1643.7 |
|
Sept Silver
|
PRD(U) |
27.18 |
27.61 |
27.83 |
28.41 |
28.40 |
28.75 |
|
Sept Copper
|
U |
329 |
355 |
335 |
339 |
345 |
350 |
|
Sept Crude
|
U |
88.82 |
91.10 |
94.45 |
96.25 |
95.19 |
97.00 |
|
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