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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

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Yesterday’s ranges were tight after Wednesday’s explosion.

09-20-2013

Top Day Market News

October crude comes off the board today. Roll or get flat. Yesterday’s ranges were tight after Wednesday’s explosion. The battered bears covered and the bulls were content to leave sleeping dogs to their dreams. The Street continues to debate the Fed’s inaction. A “missed opportunity” is heard frequently. Tapering is an eventuality but the longer they wait the greater the probability of time compression. At this point stocks seem more than fairly valued so a 5% correction should be expected. It’s a triple witching day so hold onto your pointed hat.  No eco releases today, thankfully. Tighten the tourniquets over the weekend.


 

Week of September 16 - September 20

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Sep 16

08:30

Empire Manufacturing

Sep

7.0

9.0

8.6

Sep 16

09:15

Industrial Production

Aug

0.2%

0.5%

0.0%

Sep 16

09:15

Capacity Utilization

Aug

77.8%

77.8%

77.6%

Sep 17

08:30

CPI

Aug

0.2%

0.2%

0.2%

Sep 17

08:30

Core CPI

Aug

0.2%

0.2%

0.2%

Sep 17

09:00

Net Long-Term TIC Flows

Jul

NA

NA

-$66.9B

Sep 17

10:00

NAHB Housing Market Index

Sep

58

59

59

Sep 18

07:00

MBA Mortgage Index

09/14

NA

NA

-13.5%

Sep 18

08:30

Housing Starts

Aug

900K

910K

896K

               

 

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Sep 18

08:30

Building Permits

Aug

945K

943K

943K

Sep 18

10:30

Crude Inventories

09/14

NA

NA

-0.219M

Sep 18

14:00

FOMC Rate Decision

Sep

0.25%

0.25%

0.25%

Sep 19

08:30

Initial Claims

09/14

335K

340K

292K

Sep 19

08:30

Continuing Claims

09/07

2950K

2880K

2871K

Sep 19

08:30

Current Account Balance

Q2

-$100.0B

-$100.0B

-$106.1B

Sep 19

10:00

Existing Home Sales

Aug

5.00M

5.30M

5.39M

Sep 19

10:00

Philadelphia Fed

Sep

8.0

9.0

9.3

Sep 19

10:00

Leading Indicators

Aug

0.5%

0.6%

0.6%

Sep 19

10:30

Natural Gas Inventories

09/14

NA

NA

NA


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

1638

1664

1705.50

1732.00

1702

1715.50

Dec Nasdaq

PRD(U)

3108

3144

3218

3244

3202

3225

Dec Yen

U

98.80

99.75

100.06

101.75

101.38

102.04

Dec EC

U

131.12

132.11

134.58

136.04

1333.2

134.28

DEC 10 Year

U

122.10

122.30

124.19

126.08

123.31

124.05

DEC 30 Year

U

127.27

128.26

130.16

132.16

130.18

131.08

Nov Soybeans

D

13.14

1347

13.14

13.56

14.07

14.33

Dec Corn

D

4.45

4.59

4.51

4.67

4.69

4.80

Dec Gold

D

1252

1289

1350

1384

1380

1432

Dec Silver

D

19.82

21.05

22.50

23.53

23.88

25.48

Dec Copper

PRD(U)

312

317

331

338

328

334

Nov Crude

D

104.41

106.40

103.90

107.42

110.57

112.55