11.13.2014
Top Day Market News
Today we get the EIA numbers from the Department of Energy regarding weekly supply and demand numbers for crude and its products. The delay was due to the observance of Veteran’s Day on this past Monday. Speaking of observation, most traders were focused yesterday afternoon on the eventually successful rescue of two window washers from the Freedom Tower. Parenthetically, I don’t think the original Trade Towers had human window washers, just cleaners on tracks that would run on tracks.
Overnight, copper is higher on more talk of Japanese stimulus. All this suggests is look for new levels to buy Yen puts. We also get Initial and continuing claims today.
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 14 |
08:30 |
Retail Sales ex-auto |
Oct |
|
0.6% |
0.3% |
-0.2% |
|
|
Nov 14 |
08:30 |
Export Prices ex-ag. |
Oct |
|
NA |
NA |
-0.2% |
|
|
Nov 14 |
08:30 |
Import Prices ex-oil |
Oct |
|
NA |
NA |
-0.1% |
|
|
Nov 14 |
09:55 |
Mich Sentiment |
Nov |
|
87.5 |
87.5 |
86.9 |
|
|
Nov 14 |
10:00 |
Business Inventories |
Sep |
|
0.0% |
0.2% |
0.2% |
|
MARKET PLACE
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
1979 |
2002 |
2029 |
2043 |
2041 |
2056 |
|
Dec Nasdaq |
U |
4090 |
4120 |
4175 |
4219 |
4180 |
4210 |
|
Dec Yen |
D |
85.21 |
86.25 |
85.85 |
86.98 |
88.60 |
89.91 |
|
Dec EC |
D |
122.47 |
123.51 |
124.64 |
124.83 |
125.71 |
126.87 |
|
Dec 10 Year Note |
D |
125.17 |
126.04 |
125.29 |
126.19 |
127.00 |
127.11 |
|
Dec 30 Year Bond |
D |
139.22 |
140.26 |
140.07 |
141.21 |
142.17 |
143.04 |
|
Jan Soybeans |
U |
9.74 |
10.05 |
10.17 |
10.74 |
10.57 |
10.75 |
|
March Corn |
U |
3.51 |
.3.55. |
3.84 |
3.96 |
3.75 |
3.83 |
|
Dec Gold |
D |
1114 |
1146 |
1148.70 |
1174 |
1195 |
1211.30 |
|
Dec Silver |
D |
14.51 |
15.11 |
15.52 |
15.86 |
16.34 |
16.82 |
|
Dec Copper |
U |
291.40 |
297 |
301.8 |
305.50 |
305 |
313 |
|
Dec Crude |
D |
73.27 |
75.88 |
75.75 |
78.65 |
80.99 |
83.55 |
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