9.15.2014
Top Day Market News
Unusually, for a Monday, we get several economic releases. At 8:30 we get Empire State Manufacturing, then Industrial Production and Capacity Utilization. The markets are also looking at considerable event risk this week with the Federal Open Market Committee meeting and an expected change in language in their communique regarding their policy and economic outlook. Also, the market is anticipating the Scottish independence vote on the 18th. Overnight, the Yen was better and the Aussie weaker due to soft Chinese industrial production. Copper followed suit to reflect this fact as well. If you haven’t already, roll stock index futures to December.
|
Week |
of |
September 15 - |
19 |
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 15 |
08:30 |
Empire Manufacturing |
Sep |
|
10.0 |
16.0 |
14.7 |
|
|
Sep 15 |
09:15 |
Industrial Production |
Aug |
|
0.3% |
0.3% |
0.4% |
|
|
Sep 15 |
09:15 |
Capacity Utilization |
Aug |
|
79.3% |
79.3% |
79.2% |
|
|
Sep 16 |
08:30 |
PPI |
Aug |
|
0.0% |
0.0% |
0.1% |
|
|
Sep 16 |
08:30 |
Core PPI |
Aug |
|
0.1% |
0.1% |
0.2% |
|
|
Sep 16 |
16:00 |
Net Long-Term TIC Flows |
Jul |
|
NA |
NA |
-$18.7B |
|
|
Sep 17 |
07:00 |
MBA Mortgage Index |
09/13 |
|
NA |
NA |
-7.2% |
|
|
Sep 17 |
08:30 |
CPI |
Aug |
|
0.0% |
0.0% |
0.1% |
|
|
Sep 17 |
08:30 |
Core CPI |
Aug |
|
0.1% |
0.2% |
0.1% |
|
|
Sep 17 |
08:30 |
Current Account Balance |
Q2 |
|
-$112.0B |
-$114.5B |
- $111.2B |
|
|
Sep 17 |
10:00 |
NAHB Housing Market Index |
Sep |
|
56 |
56 |
55 |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 17 |
10:30 |
Crude Inventories |
09/13 |
|
NA |
NA |
-0.972M |
|
|
Sep 17 |
14:00 |
FOMC Rate Decision |
Sep |
|
0.25% |
0.25% |
0.25% |
|
|
Sep 18 |
08:30 |
Initial Claims |
09/13 |
|
310K |
305K |
315K |
|
|
Sep 18 |
08:30 |
Continuing Claims |
09/06 |
|
2490K |
2945K |
2487K |
|
|
Sep 18 |
08:30 |
Housing Starts |
Aug |
|
990K |
1045K |
1093K |
|
|
Sep 18 |
08:30 |
Building Permits |
Aug |
|
1050K |
1054K |
1052K |
|
|
Sep 18 |
10:00 |
Philadelphia Fed |
Sep |
|
15 |
23.5 |
28.0 |
|
|
Sep 18 |
10:30 |
Natural Gas Inventories |
09/13 |
|
NA |
NA |
92 bcf |
|
|
Sep 19 |
10:00 |
Leading Indicators |
Aug |
|
0.4% |
0.4% |
0.9% |
|
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
1954 |
1969 |
1959 |
1988 |
1992 |
2008 |
|
Dec Nasdaq |
PRD(D) |
4012 |
4047 |
4026 |
4084 |
1091 |
4125 |
|
Dec Yen |
D |
91.70 |
92.42 |
92.97 |
93.44 |
94.55 |
95.96 |
|
Dec EC |
PRD(U) |
128.16 |
128.92 |
129.21 |
129.22 |
130.12 |
130.55 |
|
Dec 10 Year Note |
D |
123.00 |
123.16 |
123.25 |
124.09 |
124.29 |
125.27 |
|
Dec 30 Year Bond |
D |
133.28 |
135.31 |
135.12 |
136.22 |
137.26 |
139.24 |
|
Nov Soybeans |
D |
9.35 |
9.60 |
9.73 |
9.905 |
10.19 |
10.52 |
|
Dec Corn |
D |
3.21 |
3.36 |
3.33 |
3.42 |
3.53 |
3.66 |
|
Dec Gold |
D |
1198.70 |
1213 |
1225 |
1239 |
1258 |
1287 |
|
Dec Silver |
D |
17.91 |
18.26 |
18.46 |
18.85 |
19.15 |
19.69 |
|
Dec Copper |
U |
297.80 |
304 |
306 |
311 |
318 |
327 |
|
Oct Crude |
D |
88.66 |
90.40 |
90.88 |
93.22 |
93.90 |
95.68 |
|
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|
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