8.29.12
Top Day Market News
GDP, the second estimate, come in at 1.7. The markets had been expecting a stronger number than this. Housing numbers continue to subtly improve.
Stock trading volumes continue to contract, a victim, in part, of seasonality. Without algo trading there wouldn’t be any involvement, or so it seems.
Crude is lower as Isaac makes landfall. The EC slips a bit as Draghi criticized German criticism of ECB bond buying. The market continues to await Jackson Hole.
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 28 |
09:00 |
Case-Shiller 20-city Index |
Jun |
|
-0.3% |
-0.3% |
-0.7% |
|
|
Aug 28 |
10:00 |
Aug |
|
66.5 |
65.5 |
65.9 |
|
|
|
Aug 29 |
07:00 |
MBA Mortgage Index |
08/25 |
|
NA |
NA |
-7.4% |
|
|
Aug 29 |
08:30 |
Q2 |
|
1.6% |
1.6% |
1.5% |
|
|
|
Aug 29 |
08:30 |
Q2 |
|
1.6% |
1.6% |
1.6% |
|
|
|
Aug 29 |
10:00 |
Pending Home Sales |
Jul |
|
0.0% |
0.0% |
-1.4% |
|
|
Aug 29 |
10:30 |
Crude Inventories |
08/25 |
|
NA |
NA |
- 5.412M |
|
|
Aug 29 |
14:00 |
Fed's Beige Book |
Aug |
|
|
|
|
|
|
Aug 30 |
08:30 |
|
08/25 |
|
370K |
370K |
372K |
|
|
Aug 30 |
08:30 |
|
08/18 |
|
3300K |
3300K |
3317K |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 30 |
08:30 |
|
Jul |
|
0.2% |
0.3% |
0.5% |
|
|
Aug 30 |
08:30 |
|
Jul |
|
0.5% |
0.5% |
0.0% |
|
|
Aug 30 |
08:30 |
|
Jul |
|
0.1% |
0.1% |
0.2% |
|
|
Aug 31 |
09:45 |
|
Aug |
|
53.0 |
53.8 |
53.7 |
|
|
Aug 31 |
09:55 |
Aug |
|
74.0 |
73.6 |
73.6 |
|
|
|
Aug 31 |
10:00 |
|
Jul |
|
2.1% |
2.0% |
-0.5% |
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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
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
D |
1380.00 |
1395.00 |
1398.50 |
1412.00 |
1424.0 0 |
1439.00 |
|
Sept Nasdaq |
PRD(D) |
2724 |
2749.50 |
2771.00 |
2790.50 |
2801.5 0 |
2828.00 |
|
Sept Yen |
U |
124.58 |
125.82 |
127.06 |
127.57 |
128.04 |
129.02 |
|
Sept EC |
U |
121.75 |
123.48 |
124.94 |
126.07 |
126.43 |
127.65 |
|
Sept 10 Year |
U |
131.14 |
132.16 |
133.24 |
134.04 |
134.09 |
135.00 |
|
Sept 30 Year |
U |
143.16 |
145.30 |
148.24 |
149.21 |
149.31 |
151.18 |
|
Nov Soybea ns |
PRD(D) |
16.02 |
16.66 |
17.05 |
17.48 |
17.70 |
18.09 |
|
Sept Corn |
D |
7.76 |
7.89 |
7.85 |
8.02 |
8.24 |
8.46 |
|
DEC Gold |
U |
1588.5 |
1630.9 |
1660.9 |
1676.70 |
1696.6 |
1719.9 |
|
Sept Silver |
U |
26.81 |
28.80 |
30.58 |
31.07 |
31.71 |
32.71 |
|
Sept Coppe r |
PRD(D) |
329 |
338 |
342 |
347 |
354 |
360 |
|
Oct Crude |
U |
93.60 |
94.86 |
94.60 |
96.86 |
97.83 |
99.54 |
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