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Phone: 312.920.0212
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Merrillville, IN 46410

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Yet another EU summit is set to begin.

Market News

10.18.12

Top Day Market News

Weekly jobless claims come in at +46K. This is being blamed on seasonal considerations, an unwinding of effects seen at the beginning of the 3rd quarter. This is a mild positive for the bond market. The yield on the 10 year had been at 4 week highs. Corporate earnings this morning have been mostly positive.

Technically, gold and silver could have reversed intermediate trends today with a higher close but this looks as though this is not going to happen.  Newsweek going all online soon ending 80 years being a printed publication.  Yet another EU summit is set to begin.

 

 

Week of October 15 - October 19

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Oct 15

 

08:30

 

Retail Sales

 

Sep

 

 

1.0%

 

0.7%

 

0.9%

 

 

Oct 15

 

08:30

 

Retail Sales ex-auto

 

Sep

 

 

0.7%

 

0.6%

 

0.8%

 

 

Oct 15

 

08:30

 

Empire Manufacturing

 

Oct

 

 

-2.0

 

-2.8

 

-10.4

 

 

Oct 15

 

10:00

 

Business Inventories

 

Aug

 

 

0.5%

 

0.5%

 

0.8%

 

 

Oct 16

 

08:30

 

CPI

 

Sep

 

 

0.5%

 

0.5%

 

0.6%

 

                   

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Oct 16

 

08:30

 

Core CPI

 

Sep

 

 

0.1%

 

0.2%

 

0.1%

 

 

Oct 16

 

09:00

Net Long-Term TIC Flows

 

Aug

 

 

NA

 

NA

 

$67.0B

 

 

Oct 16

 

09:15

 

Industrial Production

 

Sep

 

 

0.0%

 

0.3%

 

-1.2%

 

 

Oct 16

 

09:15

 

Capacity Utilization

 

Sep

 

 

78.2%

 

78.3%

 

78.2%

 

 

Oct 16

 

10:00

NAHB Housing Market Index

 

Oct

 

 

42

 

42

 

40

 

 

Oct 17

 

07:00

 

MBA Mortgage Index

 

10/13

 

 

NA

 

NA

 

-1.2%

 

 

Oct 17

 

08:30

 

Housing Starts

 

Sep

 

 

765K

 

768K

 

750K

 

 

Oct 17

 

08:30

 

Building Permits

 

Sep

 

 

815K

 

815K

 

803K

 

 

Oct 17

 

10:30

 

Crude Inventories

 

10/13

 

 

NA

 

NA

 

1.672M

 

 

Oct 18

 

08:30

 

Initial Claims

 

10/13

 

 

370K

 

360K

 

339K

 

 

Oct 18

 

08:30

 

Continuing Claims

 

10/6

 

 

3275K

 

3275K

 

3273K

 

 

Oct 18

 

10:00

 

Philadelphia Fed

 

Oct

 

 

0.0

 

-0.1

 

-1.9

 

 

Oct 18

 

10:00

 

Leading Indicators

 

Sep

 

 

0.1%

 

0.2%

 

-0.1%

 

 

Oct 19

 

10:00

 

Existing Home Sales

 

Sep

 

 

4.90M

 

4.70M

 

4.82M

 


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

1395.50

1408.50

1449.50

1465

1445.5

0

1470.25

Dec Nasdaq


U

2641

2675

2756

2792

2776.2

5

2842.50

Dec Yen


D

126.36

126.93

126.12

127.11

128.32

129.00

Dec EC


U

127.43

128.54

130.66

131.56

130.55

131.45

 

 

 

 

 

 

 

 

DEC 10 Year


U

132.16

132.29

131.15

132.19

133.20

133.30

Dec 30 Year


D

146.04

147.27

145.30

147.25

150.24

151.30

Nov Soybeans


D

14.71

14.96

14.93

15.26

15.61

15.99

Dec Corn


PRD(U)

7.09

7.31

7.39

7.52

7.75

7.97

DEC Gold


PRD(U)

1734.80

1745.10

1746

1757

1774.1

1792.80

Dec Silver


PRD(U)

32.68

33.08

32.97

33.39

34.23

34.98

Dec Copper


PRD(U)

363

386

370

379

375

380

Nov Crude


U

86.14

89.08

91.49

92.79

94.49

96.96

 

 

 

 

 

 

 

 

 News