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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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The closer the US gets to the election the less likely there will be a Fed action

Market News

8.24.12

Top Day Market News


Back in the saddle again. The palliative and restorative nature of the ocean should never be underestimated (note to myself). As for the market, we still seem to be in the context of “good news is bad news/bad news is good news. Any signs of US economic improvement suggest to the market that stimulus will be delayed or maybe even derailed while bad news suggests that a liquidity injection is imminent. The closer we get to the election the less likely there will be a Fed action.

 

Week of August 20 - August 24

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Aug

21

 

14:00

 

FOMC Minutes

 

7/31

 

 

 

 

 

Aug

22

 

07:00

 

MBA Mortgage Index

 

08/18

 

 

NA

 

NA

 

-4.5%

 

Aug

22

 

10:00

 

Existing Home Sales

 

Jul

 

 

4.30M

 

4.55M

 

4.37M

 

Aug

22

 

10:30

 

Crude Inventories

 

08/18

 

 

NA

 

NA

-

3.699M

 

Aug

23

 

08:30

 

Initial Claims

 

08/18

 

 

365K

 

365K

 

366K

 

Aug

23

 

08:30

 

Continuing Claims

 

08/11

 

 

3300K

 

3298K

 

3305K

 

Aug

23

 

10:00

FHFA Housing Price

Index

 

Jun

 

 

NA

 

NA

 

0.8%

 

Aug

23

 

10:00

 

New Home Sales

 

Jul

 

 

375K

 

368K

 

350K

 

Aug

24

 

08:30

 

Durable Orders

 

Jul

 

 

3.5%

 

2.5%

 

1.3%

 

1.6%

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Aug

24

 

08:30

Durable Orders -ex

Transportation

 

Jul

 

 

0.0%

 

0.5%

 

-1.4%

 

-1.1%

 

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

1386.25

1400.75

1385.50

1412.50

1423.2

5

1431.25

Sept Nasdaq

U

2679.2

2727.50

2730.50

2784.25

2802.2

5

2829.00

Sept Yen


U

124.14

124.94

126.85

127.72

127.26

128.78

Sept EC


U

121.92

122.58

124.96

125.98

123.90

124.56

Sept 10 Year


U

131.04

131.26

133.12

134.02

133.16

134.17

Sept 30 Year


U

142.19

144.08

147.29

149.06

148.13

150.29

Nov Soybeans


PRD(D)

15.63

16.04

16.97

17.61

16.69

16.93

Sept Corn


U

7.65

7.82

7.97

8.26

8.096

8.21

DEC Gold

U

1576.5

1597.0

1659

1682

1633.0

0

1648.70

Sept Silver


U

27.04

27.52

29.88

30.91

28.38

28.76

Sept Copper


U

330

335

343

351

344

348

Oct Crude


U

90.91

93.72

94.23

97.79

96.61

99.39

 

 

 

 

 

 

 

 

 

News