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.
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Week of October 21 - October 25 |
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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 |
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|
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
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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 |
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