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 |
|
Aug |
|
775K |
772K |
746K |
|
|
Sep 19 |
08:30 |
|
Aug |
|
775K |
800K |
812K |
|
|
Sep 19 |
10:00 |
|
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 |
|
09/15 |
|
375K |
375K |
382K |
|
|
Sep 20 |
08:30 |
|
09/8 |
|
3300K |
3292K |
3283K |
|
|
Sep 20 |
10:00 |
|
Sep |
|
-5.0 |
-5.0 |
-7.1 |
|
|
Sep 20 |
10:00 |
|
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 |
