11.14.2014
Top Day Market News
Bullish sentiment in oil is now down in the low single digits. Key number today will be retail sales. Currencies were mixed with Canadian dollar succumbing to oil weakness. Stocks were sloppy but held first support and NASDAQ outperformed ES, a bullish construction. Nat Gas even with the polar vortex bearing down, rolled over technically and its intermediate trend is negative. Ideas of BOE raising short term rates have been rolled back. Yen continues to come apart at the seams.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
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 |
PRD(D) |
1979 |
2002 |
226 |
2043 |
2041 |
2056 |
Dec Nasdaq |
U |
4090 |
4120 |
4188 |
4224 |
4180 |
4210 |
Dec Yen |
D |
85.21 |
86.25 |
86.08 |
86.76 |
88.60 |
89.91 |
Dec EC |
D |
122.47 |
123.51 |
124.05 |
125.13 |
125.71 |
126.87 |
Dec 10 Year Note |
PRD(U) |
125.17 |
126.04 |
126.04 |
126.20 |
127.00 |
127.11 |
Dec 30 Year Bond |
PRD(U) |
139.22 |
140.26 |
140.26 |
141.19 |
142.17 |
143.04 |
Jan Soybeans |
U |
9.74 |
10.05 |
10.29 |
10.69 |
10.57 |
10.75 |
March Corn |
U |
3.51 |
.3.55. |
3.84 |
4.03 |
3.75 |
3.83 |
Dec Gold |
D |
1114 |
1146 |
1146.20 |
1168.20 |
1195 |
1211.30 |
Dec Silver |
D |
14.51 |
15.11 |
15.39 |
15.76 |
16.34 |
16.82 |
Dec Copper |
PRD(D) |
291.40 |
297 |
296.00 |
303.70 |
305 |
313 |
Dec Crude |
D |
73.27 |
75.88 |
72.08 |
76.77 |
80.99 |
83.55 |
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