08-27-2013
Top Day Market News
Intimations of a US response to the situation in Syria took the wind out of the stock market going into the close. This also put a bid into the metals. Oil was higher overnight but not as much as you’d think given the possibility of supply disruptions. Aussie dollar was lower on increased volatility. Volume was extremely light and this hurts momentum traders. Market is hanging on German confidence numbers.
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Week of August 26 - August 30 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
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Aug 26 |
08:30 |
Durable Orders |
Jul |
-4.5% |
-5.0% |
3.9% |
4.2% |
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|
Aug 26 |
08:30 |
Durable Goods –ex trans |
Jul |
0.4% |
0.6% |
-0.1% |
0.0% |
|
|
Aug 27 |
09:00 |
Case-Shiller 20-city Index |
Jun |
12.0% |
12.0% |
12.2% |
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|
Aug 27 |
10:00 |
Consumer Confidence |
Aug |
77.0 |
77.0 |
80.3 |
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Aug 28 |
07:00 |
MBA Mortgage Index |
08/24 |
NA |
NA |
-4.6% |
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Aug 28 |
10:00 |
Pending Home Sales |
Jul |
-1.0% |
0.2% |
-0.4% |
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Aug 28 |
10:30 |
Crude Inventories |
08/24 |
NA |
NA |
- 1.428M |
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|
Aug 29 |
08:30 |
Initial Claims |
08/24 |
335K |
330K |
336K |
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Aug 29 |
08:30 |
Continuing Claims |
08/17 |
2950K |
2969K |
2999K |
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Aug 29 |
08:30 |
GDP - Second Estimate |
Q2 |
2.1% |
2.1% |
1.7% |
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Aug 29 |
08:30 |
GDP Deflator - Second Es |
Q2 |
0.7% |
0.7% |
0.7% |
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|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 29 |
10:30 |
Natural Gas Inventories |
08/24 |
NA |
NA |
57 bcf |
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Aug 30 |
08:30 |
Personal Income |
Jul |
-0.1% |
0.1% |
0.3% |
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Aug 30 |
08:30 |
Personal Spending |
Jul |
0.4% |
0.3% |
0.5% |
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Aug 30 |
08:30 |
PCE Prices - Core |
Jul |
0.2% |
0.2% |
0.2% |
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Aug 30 |
09:45 |
Chicago PMI |
Aug |
53.0 |
53.0 |
52.3 |
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Aug 30 |
09:55 |
Michigan Sentiment - Final |
Aug |
78.0 |
80.0 |
80.0 |
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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 |
D) |
1620 |
1640 |
1644 |
1663 |
1672 |
1683 |
|
Sept Nasdaq |
U |
3029 |
3075 |
3098 |
3139 |
3147 |
3172 |
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Sept Yen |
U |
99.46 |
100.41 |
101.11 |
102.05 |
102.78 |
104.16 |
|
Sept EC |
D |
132.20 |
133.00 |
133.38 |
133.94 |
134.50 |
135.30 |
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Sept 10 Year |
PRD(U) |
123.13 |
124.14 |
124.25 |
125.16 |
125.13 |
125.31 |
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Sept 30 Year |
PRD(U) |
129.02 |
130.14 |
131.11 |
132.19 |
132.20 |
133.14 |
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Nov Soybeans |
U |
12.51 |
12.89 |
13.59 |
14.28 |
13.48 |
13.69 |
|
Dec Corn |
PRDU) |
4.50 |
4.60 |
4.835 |
5.12 |
4.83 |
4.91 |
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Dec Gold |
U |
1334 |
1365 |
1385 |
1414 |
1396 |
1430 |
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Sept Silver |
D |
21.64 |
22.64 |
23.45 |
24.70 |
24.67 |
25.30 |
|
Sept Copper |
U |
325 |
330 |
327 |
337 |
338 |
342 |
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Oct Crude |
D |
101.70 |
104.01 |
104.47 |
107.06 |
108.11 |
109.90 |
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