10.23.13
Top Day Market News
Overnight, Asian stocks declined as money market rates in China surged. The US economy added fewer jobs than expected. This was yet another sign to the US market that the Fed wil delay tapering. Chinese monetary policy is expected to be tight going into year-end on inflationary pressures. Crude continues to flounder on supply builds and slow demand. Gold had a surprising rally on a weaker dollar but fell back in the overnight.
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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 Payrolls |
Sep |
180K |
183K |
152K |
|
|
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 |
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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% |
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|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
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 |
1728 |
1757 |
1757 |
1778 |
|
Dec Nasdaq |
U |
3142 |
3248 |
3318 |
3376 |
3396 |
3448 |
|
Dec Yen |
D |
100.43 |
101.32 |
101.61 |
102.61 |
102.82 |
103.43 |
|
Dec EC |
U |
133.89 |
135.35 |
137.07 |
138.32 |
137.07 |
138.53 |
|
DEC 10 Year |
U |
124.23 |
125.26 |
126.31 |
127.24 |
127.21 |
128.13 |
|
Dec 30 Year |
U |
130.10 |
132.07 |
134.03 |
135.16 |
134.04 |
136.22 |
|
Nov Soybean |
U |
12.45 |
12.68 |
12.94 |
13.07 |
13.07 |
13.24 |
|
Dec Corn |
U |
4.25 |
4.33 |
4.355 |
4.425 |
4.48 |
4.56 |
|
DEC Gold |
D |
1220 |
1268 |
1319 |
1355 |
1346 |
1376 |
|
Dec Silver |
U |
19.84 |
20.89 |
22.24 |
23.08 |
22.59 |
23.52 |
|
Dec Copper |
U |
320.305 |
327.70 |
330 |
336 |
333.10 |
337.20 |
|
Dec Crude |
D |
98.56 |
101.33 |
96.71 |
99.69 |
104.70 |
105.99 |
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