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European stocks are at a 2 week low ahead of the Scottish referendum.

9.16.2014

Top Day Market News

Today we get the Producer Price Index at 8:30. Overnight the UK Consumer Price Index came in at a 5 year low while German consumer confidence came in lower than anticipated. The increase of the Alibaba IPO is seen by many as indicative of a market top.

European stocks are at a 2 week low ahead of the Scottish referendum. It’s hard to see this actually being approved. The Fed begins a two day meeting culminating with a rate decision on Wednesday.


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

 

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%

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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

4969

1980

1992

2008

Dec Nasdaq

D

4012

4047

4001

4059

1091

4125

Dec Yen

D

91.70

92.42

93.19

93.61

94.55

95.96

Dec EC

D

128.16

128.92

129.15

130.09

130.12

130.55

Dec 10 Year Note

D

123.00

123.16

123.30

124.14

124.29

125.27

Dec 30 Year Bond

D

133.28

135.31

135.26

136.25

137.26

139.24

Nov Soybeans

PRD(U)

9.35

9.609.77

10.06

 

10.19

10.52

Dec Corn

D

3.21

3.36

3.38

3.48

3.53

3.66

Dec Gold

D

1198.70

1213

1227

1246

1258

1287

Dec Silver

D

17.91

18.26

18.54

18.78

19.15

19.69

Dec Copper

U

297.80

304

306.90

311

318

327

Oct Crude

D

88.66

90.40

91.28

93.68

93.90

95.68