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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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A busy and important day in terms of eco releases.

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