10.15.2014
Top Day Market News
Yesterday, crude oil continued to plummet towards $80 a barrel (actually $77 seems to be the new target) as the IEA, the statistical arm of the Department of Energy, cut its forecast for demand.
Russia should be sufficiently hurt economically by this rout in the price of oil. Bonds continued higher and yields lower with the closely followed 10 year at 2.206% after trading to a fresh low of 2.19%. If the WHO sees Ebola cases in West Africa as high as 10K a week by December 1st, the question of containment becomes critical. It’s difficult to envision a sufficient number of medical personnel is place to contain 10K a week in new cases. Meanwhile, faced with ever more persuasive signs of economic contraction, Angela Merkel is talking about austerity. Das ist unglaublich falsch.
|
Week |
of |
October 13 - October 17 |
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 15 |
07:00 |
MBA Mortgage Index |
10/11 |
|
NA |
NA |
3.8% |
|
|
Oct 15 |
08:30 |
Retail Sales |
Sep |
|
0.2% |
-0.1% |
0.6% |
|
|
Oct 15 |
08:30 |
Retail Sales ex-auto |
Sep |
|
0.6% |
0.3% |
0.3% |
|
|
Oct 15 |
08:30 |
PPI |
Sep |
|
0.0% |
0.1% |
0.0% |
|
|
Oct 15 |
08:30 |
Core PPI |
Sep |
|
0.1% |
0.1% |
0.1% |
|
|
Oct 15 |
08:30 |
Empire Manufacturing |
Oct |
|
20.0 |
20.0 |
27.5 |
|
|
Oct 15 |
10:00 |
Business Inventories |
Aug |
|
0.5% |
0.4% |
0.4% |
|
|
Oct 15 |
14:00 |
Fed's Beige Book |
Oct |
|
NA |
NA |
NA |
|
|
Oct 16 |
08:30 |
Initial Claims |
10/11 |
|
295K |
290K |
287K |
|
|
Oct 16 |
08:30 |
Continuing Claims |
10/04 |
|
2400K |
2400K |
2381K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 16 |
09:15 |
Industrial Production |
Sep |
|
0.5% |
0.4% |
-0.1% |
|
|
Oct 16 |
09:15 |
Capacity Utilization |
Sep |
|
79.1% |
79.0% |
78.8% |
|
|
Oct 16 |
10:00 |
Philadelphia Fed |
Oct |
|
15.0 |
20.0 |
22.5 |
|
|
Oct 16 |
10:00 |
NAHB Housing Market Index |
Oct |
|
58 |
59 |
59 |
|
|
Oct 16 |
10:30 |
Natural Gas Inventories |
10/11 |
|
NA |
NA |
105 bcf |
|
|
Oct 16 |
11:00 |
Crude Inventories |
10/11 |
|
NA |
NA |
5.015M |
|
|
Oct 16 |
16:00 |
Net Long-Term TIC Flows |
Aug |
|
NA |
NA |
- $18.6B |
|
|
Oct 17 |
08:30 |
Housing Starts |
Sep |
|
975K |
1022K |
956K |
|
|
Oct 17 |
08:30 |
Building Permits |
Sep |
|
1000K |
1040K |
998K |
|
|
Oct 17 |
09:55 |
Mich Sentiment |
Oct |
|
83.5 |
84.0 |
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 |
1841 |
1868 |
1850 |
1893 |
1945 |
1997 |
|
Dec Nasdaq |
D |
3720 |
3785 |
3765 |
3858 |
3982 |
4113 |
|
Dec Yen |
D |
90.38 |
91.66 |
92.80 |
94.07 |
93.63 |
94.32 |
|
Dec EC |
U |
123.60 |
125.09 |
126.13 |
127.44 |
127.84 |
129.32 |
|
Dec 10 Year Note |
U |
124.15 |
125.19 |
126.24 |
127.24 |
127.12 |
128.01 |
|
Dec 30 Year Bond |
U |
138.04 |
139.29 |
141.17 |
143.00 |
142.18 |
143.14 |
|
Nov Soybeans |
D |
8.87 |
9.04 |
9.23 |
9.72 |
9.47 |
9.72 |
|
Dec Corn |
U |
3.10 |
3.22 |
3.35 |
3.52 |
3.47 |
3.60 |
|
Dec Gold |
D |
1162.80 |
1193 |
1223 |
1237 |
1243.7 |
1264.20 |
|
Dec Silver |
D |
16.19 |
16.79 |
17.19 |
17.59 |
17.85 |
18.31 |
|
Dec Copper |
U |
296 |
299 |
303 |
307 |
306.00 |
309.00 |
|
Nov Crude |
D |
79.45 |
82.50 |
84.07 |
85.87 |
89.64 |
93.76 |
|
|
|
|
|
|
|
|
|