11.17.2014
Top Day Market News
The most important feature to last night’s trade was that Japan now officially views a weaker Yen as an economic positive in that it provides economic stimulus. As written last week, the Japanese has lost control of their currency as well as their economy. Sell strength in the Yen. If yen trades 86.83, buy slightly out of the money puts with a defined risk.
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 20 |
08:30 |
CPI |
Oct |
|
-0.2% |
-0.1% |
0.1% |
|
|
Nov 20 |
08:30 |
Core CPI |
Oct |
|
0.1% |
0.1% |
0.1% |
|
|
Nov 20 |
10:00 |
Existing Home Sales |
Oct |
|
5.10M |
5.17M |
5.17M |
|
|
Nov 20 |
10:00 |
Philadelphia Fed |
Nov |
|
15.0 |
18.0 |
20.7 |
|
|
Nov 20 |
10:00 |
Leading Indicators |
Oct |
|
0.6% |
0.6% |
0.8% |
|
|
Nov 20 |
10:30 |
Natural Gas Inventories |
11/15 |
|
NA |
NA |
NA |
|
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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
2011 |
2028 |
2028 |
2041 |
2048 |
2057 |
|
Dec Nasdaq |
U |
4115 |
4170 |
4184 |
4233 |
4252 |
4281 |
|
Dec Yen |
D |
84.27 |
85.15 |
85.65 |
86.85 |
87.38 |
88.72 |
|
Dec EC |
PRD(U) |
123.38 |
124.32 |
124.35 |
125.85 |
128.85 |
126.44 |
|
Dec 10 Year Note |
U |
125319 |
126.13 |
126.10 |
127.00 |
127.03 |
127.16 |
|
Dec 30 Year Bond |
U |
139.24 |
140.22 |
141.03 |
142.12 |
142.12 |
143.06 |
|
Jan Soybeans |
U |
9.83 |
10.06 |
10.07 |
10.50 |
10.71 |
11.13 |
|
March Corn |
U) |
3.675 |
3.806 |
3.89 |
3.98 |
4.04 |
4.14 |
|
Dec Gold |
PRD(U |
1128 |
1157 |
1156.70 |
1203 |
1205 |
1222 |
|
Dec Silver |
D |
14.84 |
15.57 |
15.58 |
16.71 |
16.70 |
17.10 |
|
Dec Copper |
U |
295.50 |
300 |
300.50 |
306.90 |
307.00 |
309.00 |
|
Dec Crude |
D |
69.74 |
72.85 |
73.94 |
76.99 |
79.43 |
82.90 |
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