Free $25 Commodity Investor Kit

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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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The government’s borrowing ability expires at midnight.

10.16.13

Top Day Market News

Last night after the close, Fitch ratings agency put US debt on negative watch. The Senate broke off their negotiations when it was learned that the House was going to vote this evening on extending the debt limit to Mid February and a continuing resolution to keep the government open until December 15th. Actually, what the House is asking for is what the Democrats were initially looking for. Nudging the can down the road is not much of a solution, however.

The fact that the NASDAQ did better than the S+P on a down day was a modest positive. Many are posturing to fade the news of an agreement if the market brushes up against previous highs.

The government’s borrowing ability expires at midnight.

 

 

Week of October 14 - October 18

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%

Oct 16

08:30

CPI

Sep

0.1%

0.1%

0.1%

Oct 16

08:30

Core CPI

Sep

0.1%

0.1%

0.1%

Oct 16

09:00

Net Long-Term TIC Flows

Aug

NA

NA

$31.1B

Oct 16

10:00

NAHB Housing Market Index

Oct

57

57

58

Oct 16

14:00

Fed's Beige Book

Oct

NA

NA

NA

               

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 17

08:30

Initial Claims

10/12

320K

330K

374K

Oct 17

08:30

Continuing Claims

10/5

2900K

2900K

2905K

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%

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


 

Trend

WS2

WS1

DS

DR

WR1

WR2

Dec ES

U

1619

1659

1684

1717

1720

1740

Dec Nasdaq

U

3069

3149

3228

3275

3271

3313

Dec Yen

D

100.05

100.80

100.97

102.14

102.95

104.33

Dec EC

U

132.49

134.93

134.78

135.70

136.16

136.75

DEC 10 Year

U

12507

125.21

125.14

126.02

126.17

127.00

Dec 30 Year

D

131.03

131.30

131.15

132.17

133.23

134.21

Nov Soybean

U

12.39

12.53

12.61

12.74

12.93

13.19

Dec Corn

U

4.21

4.27

4.38

4.46

4.44

4.55

DEC Gold

D

1216.40

1244.50

1253.5

1290.2

1315.7

1358

Dec Silver

D

20.00

20.67

20.62

21.64

22.25

23.17

Dec Copper

U

316.30

321.80

327

331

332.40

337.50

Oct Crude

D

98.66

100.20

100.38

101.96

103.60

105.60