10.25.12
Top Day Market News
Weekly jobless claims come in at 369K, better by 23K. Continuing claims about the same. Durable goods come in at +9.9 (ex-trans, up 2.0%) with a minor upgrade to September (which was radically lower). P&G better earnings helps to stabilize equities. Interest rates continue to back up however. This has been a driver in lower gold prices.
With the glut in domestic oil in Cushing Oklahoma, the US is now exporting gasoline. Crude is lower by 13% on the year. Also, there has been discussion about China and it being a currency manipulator. Actually, their currency has appreciated 11% against the dollar for the year. Even with deteriorating sentiment, the nasdaq-es spread has failed to take out Monday’s lows.
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Week of October 22 - October 26 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Oct 24 |
07:00 |
MBA Mortgage Index |
10/20 |
|
NA |
NA |
-4.2% |
|
|
|
Oct 24 |
10:00 |
|
Sep |
|
385K |
385K |
373K |
|
|
|
Oct 24 |
10:00 |
FHFA Housing Price Index |
Aug |
|
NA |
NA |
0.2% |
|
|
|
Oct 24 |
10:30 |
Crude Inventories |
10/20 |
|
NA |
NA |
2.860M |
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|
Oct 24 |
14:15 |
FOMC Rate Decision |
Oct |
|
0.25% |
0.25% |
0.25% |
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|
|
Oct 25 |
08:30 |
|
10/20 |
|
375K |
375K |
388K |
|
|
|
Oct 25 |
08:30 |
|
10/13 |
|
3275K |
3237K |
3252K |
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|
|
Oct 25 |
08:30 |
|
Sep |
|
12.0% |
7.4% |
-13.2% |
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|
|
Oct 25 |
08:30 |
Sep |
|
0.2% |
1.0% |
-1.6% |
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Oct 25 |
10:00 |
Pending Home Sales |
Sep |
|
1.0% |
2.4% |
-2.6% |
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|
Oct 26 |
08:30 |
|
Q3 |
|
0.9% |
1.9% |
1.3% |
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|
Oct |
08:30 |
Q3 |
|
2.6% |
2.0% |
1.6% |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
26 |
|
|
|
|
|
|
|
|
|
Oct 26 |
09:55 |
Oct |
|
82.5 |
83.1 |
83.1 |
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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 |
PRD(D) |
1390.25 |
1407.00 |
1399.50 |
1420.00 |
1450.0 0 |
1476 |
|
Dec Nasdaq |
PRD(D) |
2587.50 |
2625.75 |
2637 |
2672 |
2740.5 0 |
2817 |
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Dec Yen
|
PRD(U) |
124.73 |
125.61 |
124.96 |
125.53 |
127.31 |
128.45 |
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Dec EC
|
PRD(D) |
127.76 |
129.03 |
129.36 |
130.40 |
131.52 |
132.74 |
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DEC 10 Year
|
D |
131.02 |
131.23 |
132.00 |
132.17 |
133.07 |
134.02 |
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Dec 30 Year
|
D |
144.06 |
145.25 |
146.22 |
147.28 |
149.17 |
151.16 |
|
Nov Soybeans
|
U |
14.55 |
14.94 |
15.39 |
15.80 |
15.54 |
15.95 |
|
Dec Corn
|
PRD(D) |
7.17 |
7.395 |
7.49 |
7.61 |
7.76 |
7.90 |
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DEC Gold
|
D |
1691.50 |
1706.50 |
1695 |
1721 |
1746 |
1770.50 |
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Dec Silver
|
D |
30.97 |
31.53 |
31.41 |
32.25 |
33.05 |
34.02 |
|
Dec Copper
|
D |
353 |
358 |
354 |
360 |
372 |
381 |
|
Dec Crude
|
D |
88.12 |
89.30 |
84.62 |
87.15 |
92.66 |
94.72 |
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