10.31.13
Top Day Market News
The Federal Open Market Committee concluded yesterday. They left rates unchanged as was universally expected and left stimulus unchanged as well. It was a pro forma buy the rumor sell on the news. The continuation of stimulus and the continued delay of tapering was already baked into the market so when the market failed to leg higher, those positioned for such a move bailed and the dollar strengthened going into the close as rates backed up. Some thought the communique sounded a bit more hawkish than expected. Today we get initial and continuing claims along with the Chicago Purchasing Managers Index. Crude could flip lower yet again with a lower close today.
Happy Halloween.
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Week of October 28 - November 01 |
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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% |
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|
Oct 28 |
10:00 |
Pending Home Sales |
Sep |
-2.0% |
-1.3% |
-1.6% |
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|
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% |
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|
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% |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
29 |
|
|
|
|
|
|
|
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% |
|
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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
1726 |
1740 |
1740.50 |
1771 |
1761 |
1769 |
|
Dec Nasdaq |
U |
3293 |
3334 |
3348 |
3407 |
3404 |
3434 |
|
Dec Yen |
D |
100.88 |
101.81 |
101.19 |
101.87 |
103.42 |
104.10 |
|
Dec EC |
D |
135.83 |
136.95 |
136.47 |
137.77 |
138.76 |
139.43 |
|
DEC 10 Year |
U |
126.06 |
126.28 |
127.06 |
127.30 |
128.01 |
128.16 |
|
Dec 30 Year |
U |
132.22 |
134.01 |
134.15 |
135.19 |
136.07 |
137.02 |
|
Nov Soybean |
U |
12.72 |
12.86 |
12.71 |
12.85 |
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 |
1322.70 |
1361.00 |
1369 |
1386 |
|
Dec Silver |
D |
21.39 |
21.99 |
2212 |
2325 |
23.04 |
23.50 |
|
Dec Copper |
U |
316.40 |
326.50 |
328 |
334 |
333.50 |
340.60 |
|
Dec Crude |
PRD(D) |
93.08 |
96.49 |
95.77 |
97.54 |
100.77 |
103.64 |
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