10.09.2014
Top Day Market News
Yesterday was about one thing, short covering after the release of the Beige Book. Obviously, the recent equity decline drew more shorts into the market than one would think so when the Book was released and the immediate interpretation was dovish towards rates the buying spree was on. It was a “get me out at any price” kind of day both in equities and currencies. There was some early market carryover in night trading but the durability of this is very questionable. Crude keeps looking for a bid to hit; 85 is the new 88.
|
Week |
of |
October 06 - 10 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 07 |
10:00 |
JOLTS - Job Openings |
Aug |
|
NA |
NA |
4.673M |
|
|
Oct 07 |
15:00 |
Consumer Credit |
Aug |
|
$20.0B |
$20.0B |
$26.0B |
|
|
Oct 08 |
07:00 |
MBA Mortgage Index |
10/04 |
|
NA |
NA |
-0.2% |
|
|
Oct 08 |
10:30 |
Crude Inventories |
10/04 |
|
NA |
NA |
- 1.363M |
|
|
Oct 08 |
14:00 |
FOMC Minutes |
9/17 |
|
|
|
|
|
|
Oct 09 |
08:30 |
Initial Claims |
10/04 |
|
295K |
295K |
287K |
|
|
Oct 09 |
08:30 |
Continuing Claims |
09/27 |
|
2425K |
2425K |
2398K |
|
|
Oct 09 |
10:00 |
Wholesale Inventories |
Aug |
|
0.3% |
0.3% |
0.1% |
|
|
Oct 09 |
10:30 |
Natural Gas Inventories |
10/04 |
|
NA |
NA |
112K |
|
|
Oct 10 |
08:30 |
Export Prices ex-ag. |
Sep |
|
NA |
NA |
-0.3% |
|
|
Oct 10 |
08:30 |
Import Prices ex-oil |
Sep |
|
NA |
NA |
0.1% |
|
|
Oct 10 |
14:00 |
Treasury Budget |
Sep |
|
NA |
NA |
$75.1B |
|
MARKET PLACE
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 |
1892 |
1925 |
1931 |
1977 |
1985 |
2012 |
|
Dec Nasdaq |
D |
3865 |
3940 |
3691 |
4071 |
4077 |
4139 |
|
Dec Yen |
D |
89.80 |
90.47 |
91.60 |
92.92 |
92.22 |
93.30 |
|
Dec EC |
U) |
123.66 |
124.42 |
126.59 |
127.85 |
126.58 |
127.95 |
|
Dec 10 Year Note |
U |
123.25 |
124.11 |
125.29 |
126.23 |
125.26 |
126.14 |
|
Dec 30 Year Bond |
U |
136.17 |
137.30 |
140.00 |
141.01 |
140.13 |
141.15 |
|
Nov Soybeans |
D |
8.89 |
9.00 |
9.24 |
9.47 |
9.26 |
9.41 |
|
Dec Corn |
U |
314 |
3.18 |
3.35 |
3.45 |
3.27 |
3.306 |
|
Dec Gold |
D |
1168 |
1179 |
1199 |
1231 |
1213.3 |
1235 |
|
Dec Silver |
U |
16.04 |
16.44 |
16.92 |
17.60 |
17.44 |
18.03 |
|
Dec Coppe r |
D |
239.50 |
269.70 |
298.50 |
303.50 |
305.00 |
309.00 |
|
Nov Crude |
D |
84.2 |
86.96 |
85.92 |
88.61 |
93.68 |
97.65 |
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