9.25.2014
Top Day Market News
Stocks counter trended higher yesterday without any specific stimulus. The EC continued to plow lower and this morning the dollar was stronger across the board this morning. The EC is at a 22 month low this morning. There’s a news story suggesting that a 10 billion dollar fraud has been uncovered in China involving faked and forged trade documents. In addition to the usual weekly jobless claims numbers we get durable goods which should be at 6 year highs. Oil demand is at its lowest level since 2011.
|
Week |
of |
September 22 - |
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% |
|
|
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 |
D |
1947 |
1974 |
1976 |
1999 |
2020 |
2040 |
|
Dec Nasdaq |
D |
3959 |
4020 |
4049 |
4108 |
4134 |
4183 |
|
Dec Yen |
D |
90.03 |
90.89 |
91.32 |
92.17 |
93.50 |
94.55 |
|
Dec EC |
D |
127.21 |
127.78 |
127.23 |
128.45 |
129.49 |
130.03 |
|
Dec 10 Year Note |
U |
122.30 |
123.16 |
124.05 |
124.16 |
124.20 |
125.06 |
|
Dec 30 Year Bond |
U |
134.29 |
135.26 |
136.19 |
137.11 |
137.10 |
137.25 |
|
Nov Soybeans |
PRD(U) |
9.22 |
9.40 |
9.29 |
9.45 |
9.8 |
10.40 |
|
Dec Corn |
D |
3.187 |
3.30 |
3.26 |
3.31 |
3.44 |
3.76 |
|
Dec Gold |
U |
1195.70 |
1206 |
1210 |
1225 |
1235 |
1253 |
|
Dec Silver |
U |
17.04 |
17.59 |
17.51 |
17.87 |
18.52 |
19.25 |
|
Dec Copper |
D |
297.50 |
302.50 |
300.60 |
307 |
317 |
326 |
|
Nov Crude |
PRD(U) |
87.50 |
89.04 |
91.56 |
93.73 |
94.00 |
96.20 |
|
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