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You can contact us by sending mail below or you can call toll free:

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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Dollar is sinking, while gold rallies.

10.22.13

Top Day Market News

Here comes the second big wrinkle of the week. Today we get the Non-farm payrolls number and the unemployment rate. The belief going onto this is that the economy added 180K in new jobs while the unemployment rate stayed steady at 7.3%. This Tuesday release is due to the government shutdown and should come as a surprise to many. First Friday releases are almost ingrained into the market’s DNA. Perhaps this release accounted for the 8 handle range of the S+P yesterday.

Other than that we got the crude inventory numbers from the IEA, the statistical arm of the Dept. of Energy. Crude stocks were up 4 million barrels and are at 15 week highs. The November contract expires today. Crude supplies are actually up 18 million barrels over the last 4 months. Even supplies at Cushing, Oklahoma are up 333K. Crude is now comfortably trading under 100 a barrel. Remember November expires today. Get out now.


 

Week of October 21 - October 25

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 21

10:00

Existing Home Sales

Sep

5.15M

5.30M

5.48M

Oct 21

10:30

Crude Inventories

10/12

NA

NA

6.807M

Oct 22

08:30

Nonfarm Payrolls

Sep

165K

183K

169K

Oct 22

08:30

Nonfarm Private

Sep

180K

183K

152K

               

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 22

08:30

Unemployment Rate

Sep

7.3%

7.3%

7.3%

Oct 22

08:30

Hourly Earnings

Sep

0.2%

0.2%

0.2%

Oct 22

08:30

Average Workweek

Sep

34.5

34.5

34.5

Oct 22

10:30

Natural Gas Inventories

10/12

NA

NA

90 bcf

Oct 23

07:00

MBA Mortgage Index

10/19

NA

NA

0.3%

Oct 23

08:30

Export Prices ex-ag.

Sep

NA

NA

-0.1%

Oct 23

08:30

Import Prices ex-oil

Sep

NA

NA

-0.2%

Oct 23

09:00

FHFA Housing Price Index

Aug

NA

NA

1.0%

Oct 23

10:30

Crude Inventories

10/19

NA

NA

NA

Oct 24

08:30

Initial Claims

10/19

330K

341K

358K

Oct 24

08:30

Continuing Claims

10/12

2900K

2860K

2859K

Oct 24

10:00

New Home Sales

Sep

410K

432K

421K

Oct 24

10:00

JOLTS - Job Openings

Aug

NA

NA

3.689M

Oct 24

10:30

Natural Gas Inventories

10/19

NA

NA

NA

Oct 25

08:30

Durable Orders

Sep

4.2%

3.5%

0.1%

Oct 25

08:30

Durable Goods –ex  trans

Sep

0.3%

0.3%

-0.1%

Oct 25

09:55

Michigan Sentiment -  Final

Oct

73.0

74.5

75.2


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

1659

1698

1731

1742

1757

1778

Dec Nasdaq

U

3142

3248

3343

3363

3396

3448

Dec Yen

D

100.43

101.32

101.55

102.13

102.82

103.43

Dec EC

U

133.89

135.35

136.36

136.96

137.07

138.53

DEC 10 Year

U

124.23

125.26

126.19

127.03

127.21

128.13

Dec 30 Year

U

130.10

132.07

133.14

134.17

134.04

136.22

Nov Soybean

U

12.45

12.68

12.85

13.08

13.07

13.24

Dec Corn

U

4.25

4.33

4.39

4.46

4.48

4.56

DEC Gold

D

1220

1268

1305.30

1322

1346

1376

Dec Silver

U

19.84

20.89

21.97

22.45

22.59

23.52

Dec Copper

U

320.305

327.70

328.60

331.60

333.10

337.20

Dec Crude

D

98.56

101.33

98.22

100.67

104.70

105.99