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 |
|
Jul |
|
4.30M |
4.55M |
4.37M |
|
|
Aug 22 |
10:30 |
Crude Inventories |
08/18 |
|
NA |
NA |
- 3.699M |
|
|
Aug 23 |
08:30 |
|
08/18 |
|
365K |
365K |
366K |
|
|
Aug 23 |
08:30 |
|
08/11 |
|
3300K |
3298K |
3305K |
|
|
Aug 23 |
10:00 |
FHFA Housing Price Index |
Jun |
|
NA |
NA |
0.8% |
|
|
Aug 23 |
10:00 |
|
Jul |
|
375K |
368K |
350K |
|
|
Aug 24 |
08:30 |
|
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 |
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 |
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