09-13-2013
Top Day Market News
A busy and important day in terms of eco releases. Retail sales are always critical as a barometric marker to US economic health. At the same time we get the Producer Price Index, the core rate and finally the University of Michigan consumer sentiment index at 9:55 for algo traders to pounce on.
Looking at the grid below we continue to see a market looking for directionality. The Nasdaq could flip over with a negative close while the Yen, debt instruments and crude could flip their intermediate trends or confirm them depending on where those markets close.
In addition to this opaque soup, we get currencies rolling to December as September comes off the board early Monday. Gold is apparently terrified of tapering as it blew through perceived support levels yesterday like some sort of Maginot line. The biggest asterisk of the day, yesterday, was the weekly unemployment claims plunging which was immediately attributed to two states not reporting (how does your algo deal with that data point?).
Sep 09 |
15:00 |
Consumer Credit |
Jul |
|
$13.0B |
$13.0B |
$13.8B |
|
Sep 10 |
10:00 |
JOLTS - Job Openings |
Jul |
|
NA |
NA |
3.936M |
|
Sep 11 |
07:00 |
MBA Mortgage Index |
09/07 |
|
NA |
NA |
1.3% |
|
Sep 11 |
10:00 |
Wholesale Inventories |
Jul |
|
0.2% |
0.2% |
-0.2% |
|
Sep 11 |
10:30 |
Crude Inventories |
09/07 |
|
NA |
NA |
-1.836M |
|
Sep 12 |
08:30 |
Initial Claims |
09/07 |
|
330K |
327K |
323K |
|
Sep 12 |
08:30 |
Continuing Claims |
08/31 |
|
2975K |
2975K |
2951K |
|
Sep 12 |
08:30 |
Export Prices ex-ag. |
Aug |
|
NA |
NA |
0.0% |
|
Sep 12 |
08:30 |
Import Prices ex-oil |
Aug |
|
NA |
NA |
-0.4% |
|
Sep 12 |
10:30 |
Natural Gas Inventories |
09/07 |
|
NA |
NA |
58 bcf |
|
Sep 12 |
14:00 |
Treasury Budget |
Aug |
|
NA |
NA |
-$190.5B |
|
Sep 13 |
08:30 |
Retail Sales |
Aug |
|
0.5% |
0.4% |
0.2% |
|
Sep 13 |
08:30 |
Retail Sales ex-auto |
Aug |
|
0.5% |
0.3% |
0.5% |
|
Sep 13 |
08:30 |
PPI |
Aug |
|
0.2% |
0.2% |
0.0% |
|
Sep 13 |
08:30 |
Core PPI |
Aug |
|
0.1% |
0.1% |
0.1% |
|
Sep 13 |
09:55 |
Mich Sentiment |
Sep |
|
81.0 |
82.0 |
82.1 |
|
Sep 13 |
10:00 |
Business Inventories |
Jul |
|
0.2% |
0.3% |
0.0% |
|
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 |
U |
1616 |
1635 |
1680 |
1689 |
1666 |
1685 |
Sept Nasdaq |
PRD(D) |
3045 |
3089 |
3168 |
3185 |
3163 |
3194 |
Dec Yen |
PRD(U) |
98.77 |
99.77 |
100.09 |
101.08 |
101.77 |
102.77 |
Dec EC |
U |
130.49 |
131.15 |
132.30 |
133.38 |
132.37 |
132.93 |
DEC 10 Year |
PRD(U) |
121.11 |
122.04 |
123.00 |
123.23 |
123.26 |
124.22 |
DEC 30 Year |
PRD(U) |
126.80 |
127.26 |
128.26 |
130.07 |
130.25 |
132.18 |
Nov Soybeans |
U |
12.96 |
13.32 |
13.58 |
14.16 |
14.05 |
14.43 |
Dec Corn |
D |
4.36 |
4.52 |
4.57 |
4.73 |
4.89 |
5.09 |
Dec Gold |
D |
13330 |
1359 |
1312 |
1357 |
1417 |
1445 |
Dec Silver |
D |
22.32 |
23.09 |
21.51 |
23.02 |
24.58 |
25.30 |
Dec Copper |
D |
316 |
321 |
317 |
325 |
331 |
337 |
Oct Crude |
PRD(U) |
101.89 |
106.06 |
107.61 |
109.47 |
112.55 |
114.87 |
|
|
|
|
|
|
|
|