Free $25 Commodity Investor Kit

Includes : Charts, Market Information, Informative News Articles, Market Alerts, Exchange Brochures, Research, Managed Futures Information, and much more!!

CONTACT INFORMATION

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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Continuation of stimulus has managed to create a bubble in the stock market

10.30.13

Top Day Market News

Busy day with the release of the ADP private jobs forecast then the Consumer Price Index followed by oil inventories and then the conclusion of the Federal Reserve Open Market Committee meeting and its communique regarding policy and eventual tapering. Continuation of stimulus has managed to create a bubble in the stock market while not managing to increase employment. Stocks continue to grind higher and buy side managers continue to chase returns as they were under invested during the government shutdown and debt limit debate.


 

Week of October 28 - November 01

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 28

09:15

Industrial Production

Sep

0.3%

0.3%

0.4%

Oct 28

09:15

Capacity Utilization

Sep

77.9%

78.0%

77.8%

Oct 28

10:00

Pending Home Sales

Sep

-2.0%

-1.3%

-1.6%

Oct 29

08:30

Retail Sales

Sep

-0.2%

-0.1%

0.2%

Oct 29

08:30

Retail Sales ex-auto

Sep

0.2%

0.3%

0.1%

Oct 29

08:30

PPI

Sep

0.2%

0.2%

0.3%

Oct 29

08:30

Core PPI

Sep

0.1%

0.1%

0.0%

Oct 29

09:00

Case-Shiller 20-city Index

Aug

12.5%

12.4%

12.0%

Oct 29

10:00

Business Inventories

Aug

0.3%

0.2%

0.4%

               

 

Date

ET

Release

For

Briefing.com Forecast

Briefing.com Consensus

Prior

Oct 29

10:00

Consumer  Confidence

Oct

72.0

73.1

79.7

Oct 30

07:00

MBA Mortgage Index

10/26

NA

NA

-0.6%

Oct 30

08:15

ADP Employment Change

Oct

125K

125K

166K

Oct 30

08:30

CPI

Sep

0.1%

0.1%

0.1%

Oct 30

08:30

Core CPI

Sep

0.1%

0.1%

0.1%

Oct 30

10:30

Crude Inventories

10/26

NA

NA

5.246M

Oct 30

14:15

FOMC Rate Decision

Oct

0.25%

0.25%

0.25%

Oct 31

07:30

Challenger Job Cuts

Oct

NA

NA

19.1%

Oct 31

08:30

Initial Claims

10/26

335K

335K

350K

Oct 31

08:30

Continuing Claims

10/19

2875K

2850K

2874K

Oct 31

09:45

Chicago PMI

Oct

52.0

55.0

55.7

Oct 31

10:30

Natural Gas Inventories

10/26

NA

NA

87 bcf

Nov 01

10:00

ISM Index

Oct

54.5

55.0

56.2

Nov 01

14:00

Auto Sales

Oct

NA

NA

5.4M

Nov 01

14:00

Truck Sales

Oct

NA

NA

6.5M


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

1726

1740

1758

1777

1761

1769

Dec Nasdaq

U

3293

3334

3370

3405

3404

3434

Dec Yen

D

100.88

101.81

101.25

102.45

103.42

104.10

Dec EC

PRD(D)

135.83

136.95

137.19

137.96

138.76

139.43

DEC 10 Year

U

126.06

126.28

127.16

127.30

128.01

128.16

Dec 30 Year

U

132.22

134.01

134.28

135.25

136.07

137.02

Nov Soybean

U

12.72

12.86

12.71

12.88

13.16

13.32

Dec Corn

U

4.32

4.36

4.28

4.37

4.45

4.50

DEC Gold

D

1292.50

1322

1336

1357

1369

1386

Dec Silver

D

21.39

21.99

22.31

22.80

23.04

23.50

Dec Copper

U

316.40

326.50

325

332

333.50

340.60

Dec Crude

U

93.08

96.49

97.11

98.30

100.77

103.64