9.14.12
Top Day Market News
Well, the Fed is doing about all it can do to foster job creation. The Fed will be buying mortgaged backed securities on an open ended basis. Yesterday, it was “buy the rumor, sell the news then buy the news.” The shorts were hoping for relief on the back end of the announcement instead they found more pain. Equities were propelled to 5 year highs and the dollar trades lower across the board. We are already in September and many money managers are woefully underperforming the broad market. As evidenced by volume, this market is massively underinvested.
Retail sales as expected at up.09 ex autos and gas up.01% CPI up .06%, ex food and energy up .01%. Enjoy the weekend.
|
Week of September 10 - September 14 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 10 |
15:00 |
|
Jul |
|
$8.0B |
$10.0B |
$6.5B |
|
|
Sep 11 |
08:30 |
|
Jul |
|
-$46.0B |
-$44.0B |
-$42.9B |
|
|
Sep 12 |
07:00 |
MBA Mortgage Index |
09/08 |
|
NA |
NA |
-2.5% |
|
|
Sep 12 |
08:30 |
|
Aug |
|
NA |
NA |
-1.4% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 12 |
08:30 |
|
Aug |
|
NA |
NA |
-0.3% |
|
|
Sep 12 |
10:00 |
Jul |
|
0.0% |
0.3% |
-0.2% |
|
|
|
Sep 12 |
10:30 |
Crude Inventories |
09/08 |
|
NA |
NA |
-7.426M |
|
|
Sep 13 |
08:30 |
|
09/08 |
|
370K |
369K |
365K |
|
|
Sep 13 |
08:30 |
|
09/01 |
|
3315K |
3300K |
3322K |
|
|
Sep 13 |
08:30 |
|
Aug |
|
1.2% |
1.2% |
0.3% |
|
|
Sep 13 |
08:30 |
|
Aug |
|
0.1% |
0.2% |
0.4% |
|
|
Sep 13 |
12:30 |
FOMC Rate Decision |
Sep |
|
0.25% |
0.25% |
0.25% |
|
|
Sep 13 |
14:00 |
|
Aug |
|
NA |
NA |
- $134.1B |
|
|
Sep 14 |
08:30 |
|
Aug |
|
1.0% |
0.7% |
0.8% |
|
|
Sep 14 |
08:30 |
|
Aug |
|
0.1% |
0.8% |
0.8% |
|
|
Sep 14 |
08:30 |
|
Aug |
|
0.6% |
0.6% |
0.0% |
|
|
Sep 14 |
08:30 |
|
Aug |
|
0.1% |
0.2% |
0.1% |
|
|
Sep 14 |
09:15 |
|
Aug |
|
-0.3% |
-0.2% |
0.6% |
|
|
Sep 14 |
09:15 |
|
Aug |
|
78.9% |
79.2% |
79.3% |
|
|
Sep 14 |
09:55 |
|
Sep |
|
73.0 |
73.3 |
74.3 |
|
|
Sep 14 |
10:00 |
|
Jul |
|
0.2% |
0.4% |
0.1 |
|
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 |
1379.50 |
1408.75 |
1440 |
1481 |
1453.2 5 |
1468.00 |
|
Sept Nasdaq |
PRD(U) |
2707 |
2765 |
2795 |
2875 |
2858 |
2894 |
|
Sept Yen |
U |
125.85 |
126.79 |
127.82 |
129.72 |
128.46 |
129.16 |
|
Sept EC |
U |
123.90 |
125.94 |
128.92 |
130.97 |
129.11 |
130.24 |
|
DEC Sept 10 Year |
D |
131.14 |
132.07 |
132..02 |
133.20 |
133.26 |
134.19 |
|
Dec 30 Year |
D |
146.08 |
147.24 |
146.03 |
148.12 |
151.11 |
153.14 |
|
Nov Soybea ns |
PRD(U) |
16.86 |
17.11 |
17.36 |
17.60 |
17.75 |
18.13 |
|
Dec Corn |
D |
7.73 |
7.865 |
7.67 |
7.76 |
8.13 |
8.27 |
|
DEC Gold |
U |
1666.50 |
1701.6 |
1736 |
1810 |
1759.4 |
1781.3 |
|
Dec Silver |
U |
30.82 |
32.27 |
33.37 |
35.25 |
34.47 |
35.22 |
|
Dec Copper |
U |
335 |
349 |
372 |
379 |
371 |
379 |
|
Oct Crude |
U |
92.39 |
94.34 |
99.02 |
99.87 |
97.97 |
99.65 |
|
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|
|
|
|
|
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