8.25.2014
Top Day Market News
A glitch delayed CME trading last night for four hours. Just new home sales today. Copper has been supported by falling stock piles. Let’s see if the new home sales number can offer this market additional support. The dollar is at an 11 month high. Mario Draghi is edging towards quantitative easing as deflationary pressures express themselves in Europe. Gold is at a two month low on a stronger dollar and falling rates. Stocks are overbought. The speed line of ascent in the Nasdaq is too steep.
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Week of |
August |
25 - August 29 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 25 |
10:00 |
New Home Sales |
Jul |
|
415K |
427K |
406K |
|
|
Aug 26 |
08:30 |
Durable Orders |
Jul |
|
12.6% |
7.0% |
1.7% |
0.7% |
|
Aug 26 |
08:30 |
Durable Goods –ex transportation |
Jul |
|
1.0% |
0.6% |
1.9% |
0.8% |
|
Aug 26 |
09:00 |
Case-Shiller 20-city Index |
Jun |
|
8.5% |
8.3% |
9.3% |
|
|
Aug 26 |
09:00 |
FHFA Housing Price Index |
Jun |
|
NA |
NA |
0.4% |
|
|
Aug 26 |
10:00 |
Consumer Confidence |
Aug |
|
88.0 |
88.3 |
90.9 |
|
|
Aug 27 |
07:00 |
MBA Mortgage Index |
08/23 |
|
NA |
NA |
1.4% |
|
|
Aug 27 |
10:30 |
Crude Inventories |
08/23 |
|
NA |
NA |
- 4.474M |
|
|
Aug 28 |
08:30 |
Initial Claims |
08/23 |
|
315K |
302K |
298K |
|
|
Aug 28 |
08:30 |
Continuing Claims |
08/16 |
|
2525K |
2520K |
2500K |
|
|
Aug 28 |
08:30 |
GDP - Second Estimate |
Q2 |
|
4.0% |
4.0% |
4.0% |
|
|
Aug 28 |
08:30 |
GDP Deflator - Second Estimate |
Q2 |
|
2.0% |
2.0% |
2.0% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 28 |
10:00 |
Pending Home Sales |
Jul |
|
0.5% |
0.5% |
-1.1% |
|
|
Aug 28 |
10:30 |
Natural Gas Inventories |
08/23 |
|
NA |
NA |
88 bcf |
|
|
Aug 29 |
08:30 |
Personal Income |
Jul |
|
0.2% |
0.3% |
0.4% |
|
|
Aug 29 |
08:30 |
Personal Spending |
Jul |
|
0.1% |
0.1% |
0.4% |
|
|
Aug 29 |
08:30 |
PCE Prices - Core |
Jul |
|
0.1% |
0.1% |
0.1% |
|
|
Aug 29 |
09:45 |
Chicago PMI |
Aug |
|
53.0 |
54.8 |
52.6 |
|
|
Aug 29 |
09:55 |
Michigan Sentiment - Final |
Aug |
|
80.0 |
80.0 |
79.2 |
|
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1942 |
1965 |
1982 |
1996 |
2001 |
2014 |
|
Sept Nasdaq |
U |
3966 |
4011 |
4040 |
4075 |
4081 |
4106 |
|
Sept Yen |
D |
94.84 |
95.52 |
95.64 |
96.57 |
97.35 |
98.50 |
|
Sept EC |
D |
131.11 |
131.78 |
131.78 |
132.86 |
133.56 |
164.67 |
|
Sept 10 Year Note |
D |
125.00 |
125.14 |
125.18 |
126.06 |
126.15 |
127.08 |
|
Sept 30 Year Bond |
PRD(U) |
138.19 |
139.17 |
139.28 |
140.05 |
141.07 |
141.31 |
|
Nov Soybeans |
PRD(U) |
10.205 |
10.31 |
10.31 |
10.47 |
10.56 |
10.715 |
|
Dec Corn |
U |
3.57 |
3.64 |
3.65 |
3.74 |
3.79 |
3.88 |
|
Dec Gold |
D |
1255 |
1268 |
1270 |
1284.50 |
1300 |
1318 |
|
Dec Silver |
D |
19.12 |
19.30 |
19.33 |
19.60 |
19.715 |
19.94 |
|
Dec Copper |
D |
307 |
314 |
319.50 |
324 |
326 |
330.40 |
|
Oct Crude |
D |
91.02 |
92.19 |
92.41 |
94.15 |
97.83 |
96.30 |
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