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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

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

Resource Pages | Friend Pages

Holiday conditions will prevail again today.

Market News

9.18.12

Top Day Market News

The big story yesterday was the flash crash in crude oil with a loss of $3 in one minute. A confluence of forces created a perfect storm. First there were thin trading conditions due to the religious holiday. Second, there was the expiration of October options. Third, the algos kicked in as support levels were taken out and there weren’t any orders on the books to halt the decline until value buys at 95.00 basis November futures. Overnight, we continue to back and fill with a downside bias as ideas that eco contraction will reduce demand.  Holiday conditions will prevail again today.

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Sep

17

 

08:30

Empire

Manufacturing

 

Sep

 

 

-3.0

 

-3.0

 

-5.9

 

Sep

18

 

08:30

Current Account

Balance

 

Q2

 

 

-$125.0B

 

-$125.6B

-

$137.3B

 

Sep

18

 

09:00

Net Long-Term TIC   Flows

 

Jul

 

 

NA

 

NA

 

$9.3B

 

Sep

18

 

10:00

NAHB Housing

Market Index

 

Sep

 

 

38

 

38

 

37

 

Sep

19

 

07:00

 

MBA Mortgage Index

 

09/15

 

 

NA

 

NA

 

11.1%

 

Sep

19

 

08:30

 

Housing Starts

 

Aug

 

 

775K

 

772K

 

746K

 

Sep

19

 

08:30

 

Building Permits

 

Aug

 

 

775K

 

800K

 

812K

 

Sep

19

 

10:00

 

Existing Home Sales

 

Aug

 

 

4.55M

 

4.58M

 

4.47M

 

Sep

19

 

10:30

 

Crude Inventories

 

09/15

 

 

NA

 

NA

 

1.994M

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Sep

20

 

08:30

 

Initial Claims

 

09/15

 

 

375K

 

375K

 

382K

 

Sep

20

 

08:30

 

Continuing Claims

 

09/8

 

 

3300K

 

3292K

 

3283K

 

Sep

20

 

10:00

 

Philadelphia Fed

 

Sep

 

 

-5.0

 

-5.0

 

-7.1

 

Sep

20

 

10:00

 

Leading Indicators

 

Aug

 

 

0.0%

 

0.0%

 

0.4%

 

 

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

Dec ES

U

1393.50

1426.25

1450.

1458.0

1480.2

5

1500.50

Dec Nasdaq

U

2735.50

2793.0

2840

2858

2883.5

0

2916.50

Dec Yen

 

PRD(D)

126.28

128.59

126.02

127.81

132.72

134.27

Dec EC

 

U

126.61

128.59

130.40

131.68

132.72

134.27

DEC Sept 10 Year

 

D

130.24

131.10

131.24

132.14

132.27

133.25

Dec 30 Year

 

D

141.05

143.02

144.24

146.21

148.09

151.19

Nov Soybeans

 

D

16.60

17.15

16.46

17.13

17.72

18.05

Dec Corn

 

D

7.35

7.73

7.36

7.70

8.05

8.29

DEC Gold

U

1697

1735.6

1746

1780

1795.8

0

1818.10

Dec Silver

 

PRD(D)

31.59

33.14

33.28

34.92

35.02

36.54

Dec Copper

U

356

369

373

383

389

397

 

Oct Crude

 

U

93.19

96.12

94.34

99.21

101.20

103.35

 

News