10.15.13
Top Day Market News
Alleged progress in the budget talks has expressed itself overnight. The dollar is stronger, gold and silver severely lower, bonds under light pressure. The possible agreement would extend a budget agreement until mid-January while increasing the debt ceiling until mid-February.
Obviously, still no government releases but we do get the NY State Empire Manufacturing index regarding business activity in New York. Not much to hang your hat on but it’s the only hook in the room. Equities should edge reluctantly higher before turning lower.
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Week of October 14 - October 18 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Oct 15 |
08:30 |
Empire Manufacturing |
Oct |
4.5 |
4.5 |
6.3 |
|
|
Oct 16 |
07:00 |
MBA Mortgage Index |
10/12 |
NA |
NA |
1.3% |
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Oct 16 |
08:30 |
CPI |
Sep |
0.1% |
0.1% |
0.1% |
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Oct 16 |
08:30 |
Core CPI |
Sep |
0.1% |
0.1% |
0.1% |
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Oct 16 |
09:00 |
Net Long-Term TIC Flows |
Aug |
NA |
NA |
$31.1B |
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Oct 16 |
10:00 |
NAHB Housing Market Index |
Oct |
57 |
57 |
58 |
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|
Oct 16 |
14:00 |
Fed's Beige Book |
Oct |
NA |
NA |
NA |
|
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Oct 17 |
08:30 |
Initial Claims |
10/12 |
320K |
330K |
374K |
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Oct 17 |
08:30 |
Continuing Claims |
10/5 |
2900K |
2900K |
2905K |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Oct 17 |
08:30 |
Housing Starts |
Sep |
900K |
915K |
891K |
|
Oct 17 |
08:30 |
Building Permits |
Sep |
930K |
932K |
918K |
|
Oct 17 |
09:15 |
Industrial Production |
Sep |
0.3% |
0.3% |
0.4% |
|
Oct 17 |
09:15 |
Capacity Utilization |
Sep |
77.9% |
78.0% |
77.8% |
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Oct 17 |
10:00 |
Philadelphia Fed |
Oct |
7.0 |
7.0 |
22.3 |
|
Oct 17 |
10:30 |
Natural Gas Inventories |
10/12 |
NA |
NA |
90 bcf |
|
Oct 17 |
11:00 |
Crude Inventories |
10/12 |
NA |
NA |
6.807M |
|
Oct 18 |
10:00 |
Leading Indicators |
Sep |
NA |
0.6% |
0.7% |
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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Dec ES |
U |
1619 |
1659 |
1687.50 |
1713.75 |
1720 |
1740 |
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Dec Nasdaq |
U |
3069 |
3149 |
3210.50 |
3270.50 |
3271 |
3313 |
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Dec Yen |
D |
100.05 |
100.80 |
101.21 |
102.00 |
102.95 |
104.33 |
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Dec EC |
U |
132.49 |
134.93 |
135.27 |
136.02 |
136.16 |
136.75 |
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DEC 10 Year |
U |
12507 |
125.21 |
125.19 |
126.09 |
126.17 |
127.00 |
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Dec 30 Year |
D |
131.03 |
131.30 |
131.22 |
132.31 |
133.23 |
134.21 |
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Nov Soybean |
U |
12.39 |
12.53 |
12.63 |
12.81 |
12.93 |
13.19 |
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Dec Corn |
U |
4.21 |
4.27 |
4.33 |
4.41 |
4.44 |
4.55 |
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DEC Gold |
D |
1216.40 |
1244.50 |
1256 |
1289 |
1315.7 |
1358 |
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Dec Silver |
D |
20.00 |
20.67 |
20.80 |
21.65 |
22.25 |
23.17 |
|
Dec Copper |
U |
316.30 |
321.80 |
326 |
333 |
332.40 |
337.50 |
|
Oct Crude |
D |
98.66 |
100.20 |
100.47 |
103.00 |
103.60 |
105.60 |
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