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You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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All eyes and ears on the Fed Chairman’s speech later this morning

Market News

8.31.12

Top Day Market News

 

All eyes and ears on the Fed Chairman’s speech later this morning. It’s doubtful that there will be specifics regarding further stimulus, more an emphasis on “wait and see” and this could lead to an end of month disappointment.  There will be the release of Chicago-land Purchasing Manager’s Index, U of M Consumer Sentiment and Factory Orders at 10.

After the Bernanke moment, it should be a cloud of dust as the market goes into a three day holiday and risk comes off the table.

Spain creates a “bad bank” to deal with distressed real estate. This is a positive.

Roll over day for Bonds. Front month forward becomes December. December? That was fast. Where’s the Christmas party?

 

 

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

Consumer

Confidence

 

Aug

 

 

66.5

 

65.5

 

65.9

 

Aug

29

 

07:00

 

MBA Mortgage Index

 

08/25

 

 

NA

 

NA

 

-7.4%

 

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Aug

29

 

08:30

GDP - Second

Estimate

 

Q2

 

 

1.6%

 

1.6%

 

1.5%

 

Aug

29

 

08:30

GDP Deflator - Second Estimate

 

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

 

Initial Claims

 

08/25

 

 

370K

 

370K

 

372K

 

Aug

30

 

08:30

 

Continuing Claims

 

08/18

 

 

3300K

 

3300K

 

3317K

 

Aug

30

 

08:30

 

Personal Income

 

Jul

 

 

0.2%

 

0.3%

 

0.5%

 

Aug

30

 

08:30

 

Personal Spending

 

Jul

 

 

0.5%

 

0.5%

 

0.0%

 

Aug

30

 

08:30

 

PCE Prices - Core

 

Jul

 

 

0.1%

 

0.1%

 

0.2%

 

Aug

31

 

09:45

 

Chicago PMI

 

Aug

 

 

53.0

 

53.8

 

53.7

 

Aug

31

 

09:55

Michigan Sentiment - Final

 

Aug

 

 

74.0

 

73.6

 

73.6

 

Aug

31

 

10:00

 

Factory Orders

 

Jul

 

 

2.1%

 

2.0%

 

-0.5%

 

 

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

1387.50

1404.75

1424.0

0

1439.00

Sept Nasdaq

D

2724

2749.50

2723

2774

2801.5

0

2828.00

Sept Yen

 

U

124.58

125.82

126.98

127.60

128.04

129.02

Sept EC

PRD(D)

121.75

123.48

124.43

125..54

126.43

127.65

 

DEC Sept 10 Year

U

131.14

132.16

133.28

134.17

134.09

135.00

Dec 30 Year

U

143.16

145.30

149.28

151.10

149.31

151.18

Nov Soybeans

U

16.02

16.66

17.21

17.78

17.70

18.09

Dec Corn

D

7.76

7.89

8.01

8.146

8.24

8.46

DEC Gold

PRD(D)

1588.5

1630.9

1644.3

1665.1

1696.6

1719.9

Sept Silver

PRD(D)

26.81

28.80

29.78

30.77

31.71

32.71

Sept Copper

D

329

338

341

347

354

360

Oct Crude

PRD(D)

93.60

94.86

93.84

95.49

97.83

99.54

 

 

 

 

 

 

 

 

 News