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.
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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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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
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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Oct 17 |
08:30 |
Housing Starts |
Sep |
900K |
915K |
891K |
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Oct 17 |
08:30 |
Building Permits |
Sep |
930K |
932K |
918K |
|
Oct 17 |
09:15 |
Industrial Production |
Sep |
0.3% |
0.3% |
0.4% |
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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 |
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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 |
1684 |
1717 |
1720 |
1740 |
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Dec Nasdaq |
U |
3069 |
3149 |
3228 |
3275 |
3271 |
3313 |
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Dec Yen |
D |
100.05 |
100.80 |
100.97 |
102.14 |
102.95 |
104.33 |
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Dec EC |
U |
132.49 |
134.93 |
134.78 |
135.70 |
136.16 |
136.75 |
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DEC 10 Year |
U |
12507 |
125.21 |
125.14 |
126.02 |
126.17 |
127.00 |
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Dec 30 Year |
D |
131.03 |
131.30 |
131.15 |
132.17 |
133.23 |
134.21 |
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Nov Soybean |
U |
12.39 |
12.53 |
12.61 |
12.74 |
12.93 |
13.19 |
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Dec Corn |
U |
4.21 |
4.27 |
4.38 |
4.46 |
4.44 |
4.55 |
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DEC Gold |
D |
1216.40 |
1244.50 |
1253.5 |
1290.2 |
1315.7 |
1358 |
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Dec Silver |
D |
20.00 |
20.67 |
20.62 |
21.64 |
22.25 |
23.17 |
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Dec Copper |
U |
316.30 |
321.80 |
327 |
331 |
332.40 |
337.50 |
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Oct Crude |
D |
98.66 |
100.20 |
100.38 |
101.96 |
103.60 |
105.60 |
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