10.4.12
Top Day Market News
ECB leaves rates unchanged. Weekly jobless claims come in higher than expected. Of course, this probably gets lost in the run-up to tomorrow’s jobless number. Factory orders at 10. Stocks want to continue to grind higher. Buy side only managers are underinvested and are “running out of year” to outperform the benchmark. Gold is banging into the 1800 resistance level. Declining volumes and open interest in gold suggests that “risk on” is heading to the sidelines. Crude cratered yesterday on more signs of Chinese contraction. Crude can trade to 90.75 on a retracement before legging down again. Demand side of the equation is deteriorating while supply side is at 15 year highs. Meanwhile, Iran seems about to come apart at the seams due to a currency spiraling towards oblivion. The major takeaway from last night’s debate is that the race is “back on.”
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 01 |
10:00 |
|
Sep |
|
49.2 |
49.7 |
49.6 |
|
|
Oct 01 |
10:00 |
Aug |
|
0.1% |
0.4% |
-0.9% |
|
|
|
Oct 02 |
14:00 |
|
Sep |
|
NA |
NA |
5.3M |
|
|
Oct 02 |
14:00 |
|
Sep |
|
NA |
NA |
6.3M |
|
|
Oct 03 |
07:00 |
MBA Mortgage Index |
09/29 |
|
NA |
NA |
+2.8% |
|
|
Oct |
08:15 |
ADP Employment |
Sep |
|
100K |
133K |
201K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
03 |
|
Change |
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|
|
|
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Oct 03 |
10:00 |
|
Sep |
|
52.0 |
53.0 |
53.7 |
|
|
Oct 03 |
10:30 |
Crude Inventories |
09/29 |
|
NA |
NA |
- 2.446M |
|
|
Oct 03 |
14:00 |
FOMC Minutes |
9/12 |
|
|
|
|
|
|
Oct 04 |
07:30 |
Challenger Job Cuts |
Sep |
|
NA |
NA |
-36.9% |
|
|
Oct 04 |
08:30 |
|
09/29 |
|
370K |
365K |
359K |
|
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Oct 04 |
08:30 |
|
09/22 |
|
3275K |
3273K |
3271K |
|
|
Oct 04 |
10:00 |
|
Aug |
|
-5.5% |
-6.0% |
2.8% |
|
|
Oct 05 |
08:30 |
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Sep |
|
120K |
120K |
96K |
|
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Oct 05 |
08:30 |
Sep |
|
130K |
130K |
103K |
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|
|
Oct 05 |
08:30 |
|
Sep |
|
8.2% |
8.1% |
8.1% |
|
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Oct 05 |
08:30 |
|
Sep |
|
0.1% |
0.2% |
0.0% |
|
|
Oct 05 |
08:30 |
|
Sep |
|
34.5 |
34.4 |
34.4 |
|
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Oct 05 |
15:00 |
|
Aug |
|
$5.0B |
$5.0B |
-3.3B |
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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
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Dec ES |
U |
1450.50 |
1419.75 |
1437.50 |
1456.25 |
1452.5 0 |
1471.50 |
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Dec Nasdaq |
PRD(U) |
2708.50 |
2750.50 |
2791.50 |
2853.50 |
2845.5 0 |
2898.50 |
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Dec Yen
|
D |
127.32 |
127.82 |
126.95 |
127.91 |
129.02 |
129.72 |
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Dec EC
|
D |
127.45 |
128.30 |
128.82 |
129.73 |
129.50 |
130.50 |
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DEC Sept 10 Year
|
U |
132.03 |
132.25 |
133.18 |
133.27 |
134.02 |
134.15 |
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Dec 30 Year
|
U |
145.15 |
147.14 |
149.09 |
150.05 |
150.26 |
152.07 |
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Nov Soybeans
|
D |
15.20 |
15.63 |
15.09 |
15.66 |
16.32 |
16.63 |
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Dec Corn
|
D |
6.87 |
7.22 |
7.48 |
7.64 |
7.73 |
7.90 |
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DEC Gold |
U |
1718 |
1745 |
1773.50 |
1789.9 |
1793.5 0 |
1813.50 |
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Dec Silver
|
D |
32.70 |
33.61 |
34.49 |
35.12 |
35.18 |
35.86 |
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Dec Copper
|
U |
363 |
369 |
376 |
381 |
379 |
384 |
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Oct Crude
|
D |
87.60 |
89.63 |
86.62 |
90.74 |
93.88 |
95.66 |
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