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?
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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% |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 |
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|
Aug 30 |
08:30 |
|
08/18 |
|
3300K |
3300K |
3317K |
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Aug 30 |
08:30 |
|
Jul |
|
0.2% |
0.3% |
0.5% |
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Aug 30 |
08:30 |
|
Jul |
|
0.5% |
0.5% |
0.0% |
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|
Aug 30 |
08:30 |
|
Jul |
|
0.1% |
0.1% |
0.2% |
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|
Aug 31 |
09:45 |
|
Aug |
|
53.0 |
53.8 |
53.7 |
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|
Aug 31 |
09:55 |
Aug |
|
74.0 |
73.6 |
73.6 |
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|
|
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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Sept ES |
D |
1380.00 |
1395.00 |
1387.50 |
1404.75 |
1424.0 0 |
1439.00 |
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Sept Nasdaq |
D |
2724 |
2749.50 |
2723 |
2774 |
2801.5 0 |
2828.00 |
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Sept Yen
|
U |
124.58 |
125.82 |
126.98 |
127.60 |
128.04 |
129.02 |
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Sept EC |
PRD(D) |
121.75 |
123.48 |
124.43 |
125..54 |
126.43 |
127.65 |
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DEC Sept 10 Year |
U |
131.14 |
132.16 |
133.28 |
134.17 |
134.09 |
135.00 |
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Dec 30 Year |
U |
143.16 |
145.30 |
149.28 |
151.10 |
149.31 |
151.18 |
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Nov Soybeans |
U |
16.02 |
16.66 |
17.21 |
17.78 |
17.70 |
18.09 |
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Dec Corn |
D |
7.76 |
7.89 |
8.01 |
8.146 |
8.24 |
8.46 |
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DEC Gold |
PRD(D) |
1588.5 |
1630.9 |
1644.3 |
1665.1 |
1696.6 |
1719.9 |
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Sept Silver |
PRD(D) |
26.81 |
28.80 |
29.78 |
30.77 |
31.71 |
32.71 |
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Sept Copper |
D |
329 |
338 |
341 |
347 |
354 |
360 |
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Oct Crude |
PRD(D) |
93.60 |
94.86 |
93.84 |
95.49 |
97.83 |
99.54 |
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