9.22.2014
Top Day Market News
Last night Asian stocks were lower as it is becoming apparent that Chinese stimulus will probably be limited. China in fact may accept slower growth rather than attempt prolonged. Massive quantitative easing. On the other hand, the ECB is attempting to deliberately increase their balance sheet but there is little demand for the money they are making available to banks to in turn lend. Consequently, Europe is just spinning its wheels, going nowhere and increasing the depth of the rut they are in. Inflation remains significantly below their targets and without an appetite for risk, commodities hav collapsed and the dollar continues to rally.
|
Week |
of |
22 - September |
26 |
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 22 |
10:00 |
Existing Home Sales |
Aug |
|
5.0M |
5.2M |
5.15M |
|
|
Sep 23 |
09:00 |
FHFA Housing Price Index |
Jul |
|
NA |
NA |
0.4% |
|
|
Sep 24 |
07:00 |
MBA Mortgage Index |
09/20 |
|
NA |
NA |
+7.9% |
|
|
Sep 24 |
10:00 |
New Home Sales |
Aug |
|
420K |
435K |
412K |
|
|
Sep 24 |
10:30 |
Crude Inventories |
09/20 |
|
NA |
NA |
+3.67M |
|
|
Sep 25 |
08:30 |
Initial Claims |
09/20 |
|
310K |
300K |
280K |
|
|
Sep 25 |
08:30 |
Continuing Claims |
09/13 |
|
2490K |
2470K |
2429K |
|
|
Sep 25 |
08:30 |
Durable Orders |
Aug |
|
-18.5% |
-16.3% |
22.6% |
|
|
Sep 25 |
08:30 |
Durable Goods –ex transportation |
Aug |
|
0.4% |
0.7% |
-0.7% |
-0.8% |
|
Sep 25 |
10:30 |
Natural Gas Inventories |
09/20 |
|
NA |
NA |
90 bcf |
|
|
Sep 26 |
08:30 |
GDP - Third Estimate |
Q2 |
|
4.6% |
4.6% |
4.2% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 26 |
08:30 |
GDP Deflator - Third Estimate |
Q2 |
|
2.1% |
2.1% |
2.1% |
|
|
Sep 26 |
09:55 |
Michigan Sentiment - Final |
Sep |
|
84.6 |
85.0 |
84.6 |
|
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 |
1947 |
1974 |
1989 |
2012 |
2020 |
204 |
|
Dec Nasdaq |
U |
3959 |
4020 |
4053 |
4115 |
4134 |
4183 |
|
Dec Yen |
D |
90.03 |
90.89 |
91.47 |
92.21 |
93.50 |
94.55 |
|
Dec EC |
D |
127.21 |
127.78 |
128.07 |
129.09 |
129.49 |
130.03 |
|
Dec 10 Year Note |
D |
122.30 |
123.16 |
123.20 |
124.14 |
124.20 |
125.06 |
|
Dec 30 Year Bond |
U |
134.29 |
135.26 |
135.23 |
137.23 |
137.10 |
137.25 |
|
Nov Soybeans |
D |
9.22 |
9.40 |
9.39 |
9.67 |
9.8 |
10.40 |
|
Dec Corn |
D |
3.187 |
3.30 |
3.24 |
3.36 |
3.44 |
3.76 |
|
Dec Gold |
U |
1195.70 |
1206 |
1205 |
1225 |
1235 |
1253 |
|
Dec Silver |
U |
17.04 |
17.59 |
17.25 |
18.36 |
18.52 |
19.25 |
|
Dec Copper |
D |
297.50 |
302.50 |
305 |
311 |
317 |
326 |
|
Nov Crude |
D |
87.50 |
89.04 |
90.63 |
92.29 |
94.00 |
96.20 |
|
|
|
|
|
|
|
|
|