9.20.12
Top Day Market News
Equities are lower overnight on signs of Chinese economic contraction. Chinese manufacturing has probably contracted for 11 consecutive months. The Chinese purchasing managers’ index came in at 47.8 vs. 47.6 last month. In Europe, the services and manufacturing composite index dropped to a reading of 45.9, a 39 month low. Unemployment continues to seek traction. Trend in crude flipped with a vengeance.
Weekly jobless claims come in at 382K, which was higher than an anticipated 375K. Pretty much lateral and within the plus/minus margin of error. Then at 10 we get Philly Fed and Leading Economic Indicators.
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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 |
|
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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% |
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Sep 19 |
08:30 |
|
Aug |
|
775K |
772K |
746K |
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Sep 19 |
08:30 |
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Aug |
|
775K |
800K |
812K |
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Sep 19 |
10:00 |
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Aug |
|
4.55M |
4.58M |
4.47M |
|
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Sep |
10:30 |
Crude Inventories |
09/15 |
|
NA |
NA |
1.994M |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
19 |
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Sep 20 |
08:30 |
|
09/15 |
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375K |
375K |
382K |
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Sep 20 |
08:30 |
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09/8 |
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3300K |
3292K |
3283K |
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Sep 20 |
10:00 |
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Sep |
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-5.0 |
-5.0 |
-7.1 |
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Sep 20 |
10:00 |
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Aug |
|
0.0% |
0.0% |
0.4% |
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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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Dec ES |
U |
1393.50 |
1426.25 |
1446.50 |
1468.00 |
1480.2 5 |
1500.50 |
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Dec Nasdaq |
U |
2735.50 |
2793.0 |
2833 |
2864 |
2883.5 0 |
2916.50 |
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Dec Yen
|
D |
126.28 |
128.59 |
126.88 |
128.25 |
132.72 |
134.27 |
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Dec EC
|
U |
126.61 |
128.59 |
129.65 |
131.12 |
132.72 |
134.27 |
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DEC Sept 10 Year
|
U |
130.24 |
131.10 |
132.03 |
132.26 |
132.27 |
133.25 |
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Dec 30 Year
|
U |
141.05 |
143.02 |
145.23 |
147.19 |
148.09 |
151.19 |
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Nov Soybeans
|
D |
16.60 |
17.15 |
16.49 |
16.82 |
17.72 |
18.05 |
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Dec Corn
|
D |
7.35 |
7.73 |
7.44 |
7.64 |
8.05 |
8.29 |
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DEC Gold |
U |
1697 |
1735.6 |
1763 |
1780 |
1795.8 0 |
1818.10 |
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Dec Silver
|
U |
31.59 |
33.14 |
34.26 |
34.98 |
35.02 |
36.54 |
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Dec Copper
|
U |
356 |
369 |
375 |
384 |
389 |
397 |
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Oct Crude |
D |
93.19 |
96.12 |
88.50 |
95.35 |
101.20 |
103.35 |
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