9.26.2014
Top Day Market News
Yesterday stocks dropped the most in two months. The traditional selling influence of the holiday was amplified by the threat of Russian corporate retaliation in the face of sanctions and was further exacerbated by talk of a terrorist threat to the NYC subway system. Bonds flew higher while the dollar continued to strengthen. Metals were defensive but the internals have subtly improved.
Crude was initially higher on geopolitical risk but couldn’t hold the gains as supply currently overwhelms demand.
Today we get the third estimate of GDP and the U of M consumer sentiment index.
|
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% |
|
|
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 |
D |
1947 |
1974 |
1949 |
1982 |
2020 |
2040 |
|
Dec Nasdaq |
D |
3959 |
4020 |
3975 |
4064 |
4134 |
4183 |
|
Dec Yen |
D |
90.03 |
90.89 |
91.20 |
92.35 |
93.50 |
94.55 |
|
Dec EC |
D |
127.21 |
127.78 |
127.08 |
128.36 |
129.49 |
130.03 |
|
Dec 10 Year Note |
U |
122.30 |
123.16 |
124.12 |
124.31 |
124.20 |
125.06 |
|
Dec 30 Year Bond |
U |
134.29 |
135.26 |
137.03 |
138.09 |
137.10 |
137.25 |
|
Nov Soybeans |
D |
9.22 |
9.40 |
9.10 |
9.35 |
9.80 |
10.40 |
|
Dec Corn |
D |
3.187 |
3.30 |
3.21 |
3.29 |
3.44 |
3.76 |
|
Dec Gold |
U |
1195.70 |
1206 |
1210.50 |
1236 |
1235 |
1253 |
|
Dec Silver |
PRD(D) |
17.04 |
17.59 |
17.25 |
17.88 |
18.52 |
19.25 |
|
Dec Copper |
D |
297.50 |
302.50 |
302 |
308 |
317 |
326 |
|
Nov Crude |
D |
87.50 |
89.04 |
91.18 |
93.30 |
94.00 |
96.20 |
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