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Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
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Merrillville, IN 46410

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Big release of the day should be the Federal Reserve’s Beige Book at 2pm.

Market News

10.10.12

Top Day Market News

Big release of the day should be the Federal Reserve’s Beige Book at 2pm. The oil inventory data is delayed a day due to the government holiday on Monday. There is a 10 year auction today and rates are backing up in front of it. The chart below is of the 10 year notes against the 30 year Bonds or the NOB spread which looks as though it wants to trade back down to a differential of just above 1300. This would suggest that last Friday’s unemployment numbers gain some traction and help to drive rates slightly higher.

Week of October 08 - October 12

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Oct

10

 

07:00

 

MBA Mortgage Index

 

10/06

 

 

NA

 

NA

 

16.6%

 

Oct

10

 

10:00

Wholesale

Inventories

 

Aug

 

 

0.5%

 

0.6%

 

0.7%

 

Oct

10

 

14:00

 

Treasury Budget

 

Sep

 

 

NA

 

NA

-

$62.8B

 

Oct

10

 

14:00

 

Fed's Beige Book

 

Sep

 

 

 

 

 

Oct

11

 

08:30

 

Initial Claims

 

10/06

 

 

375K

 

370K

 

367K

 

Oct

11

 

08:30

 

Continuing Claims

 

09/29

 

 

3275K

 

3275K

 

3281K

 

Oct

11

 

08:30

 

Trade Balance

 

Aug

 

 

-$44.6B

 

-$43.8B

-

$42.0B

 

Oct

11

 

08:30

 

Export Prices ex-ag.

 

Sep

 

 

NA

 

NA

 

0.4%

 

Oct

11

 

08:30

 

Import Prices ex-oil

 

Sep

 

 

NA

 

NA

 

-0.2%

 

Oct

11

 

11:00

 

Crude Inventories

 

10/06

 

 

NA

 

NA

-

0.482M

 

Oct

12

 

08:30

 

PPI

 

Sep

 

 

0.5%

 

0.8%

 

1.7%

 

Oct

12

 

08:30

 

Core PPI

 

Sep

 

 

0.1%

 

0.2%

 

0.2%

 

Oct

12

 

09:55

 

Mich Sentiment

 

Oct

 

 

80.0

 

78.5

 

78.3

 

 

 

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

Dec ES

D

1411.50

1433.50

1429.25

1448.50

1471.7

5

1489

Dec Nasdaq

 

D

2737

2770

2713.75

2770.50

2839

2874

Dec Yen

 

PRD(U)

125.77

126.47

127.37

128.12

128.28

129.37

Dec EC

 

D

127.11

128.76

128.37

129.73

131.43

132.45

DEC 10 Year

 

U

132.08

132.18

132.25

133.09

133.16

134.02

Dec 30 Year

 

D

145.16

146.16

147.08

148.12

149.11

151.00

Nov Soybeans

 

D

14.55

15.03

15.30

15.67

15.98

16.47

Dec Corn

 

D

7.315

1.442

7.35

7.46

7.62

7.76

DEC Gold

 

D

1749

1773

1749.90

1770.00

1798

1814

Dec Silver

 

D

33.49

34.03

33.24

34.30

35.25

35.96

Dec Copper

 

D

366

373

368

374

381

387

Nov Crude

 

D

84.68

87.330

90.15

93.77

92.93

95.94

 

 

 

 

 

 

 

 

News