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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
Suite EE
Merrillville, IN 46410

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Chinese stocks lower.

8.29.2014

Top Day Market News

Geopolitical risk was reintroduce into the world markets yesterday with further deterioration between Russia and the Ukraine. The Ruble is at a six month low on the idea of further imposition of sanctions against Russia. Chinese stocks lower. Bonds ratchet higher as the market heads into a three day weekend. Today we get Chicago Purchasing manager’s Index and U of Michigan consumer sentiment index.


Week of

August

25 - August 29

 

 

 

 

 

 

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%

 

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

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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

1989

2001

2001

2014

Sept Nasdaq

PRD(D)

3966

4011

4057

4079

4081

4106

Sept Yen

PRD(U)

94.84

95.52

96.05

96.62

97.35

98.50

Sept EC

D

131.11

131.78

161.56

132.18

133.56

164.67

Sept 10 Year Note

U

125.00

125.14

126.07

126.18

126.15

127.08

Sept 30 Year Bond

U

138.19

139.17

141.10

142.01

141.07

141.31

Nov Soybeans

D

10.205

10.31

10.22

10.34

10.56

10.715

Dec Corn

U

3.57

3.64

3.65

3..71

3.79

3.88

Dec Gold

U

1255

1268

1283

1297

1300

1318

Dec Silver

U

19.12

19.30

19.48

19.88

19.715

19.94

Dec Copper

D

307

314

312.60

319.00

326

330.40

Oct Crude

D

91.02

92.19

93.40

95.00

97.83

96.30