11.18.2014
Top Day Market News
Today we get the Producer Price Index and Core PPI along with long term TIC flows or foreign investment in our bond market.
Expectations for less than impressive growth virtually everywhere has become the new norm as Japan has slipped into recession. The Japanese stock market has been the beneficiary of this as Japan seeks to inflate its monetary base and roll back scheduled sales tax. This ultimately is massively negative for the Yen. Should the underlying futures trade 85.52 look at puts.
December crude comes off on Thursday so roll to January.
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Week of November 17 - November 21 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 17 |
08:30 |
Empire Manufacturing |
Nov |
|
12.0 |
12.0 |
6.2 |
|
|
Nov 17 |
09:15 |
Industrial Production |
Oct |
|
0.0% |
0.2% |
1.0% |
|
|
Nov 17 |
09:15 |
Capacity Utilization |
Oct |
|
79.2% |
79.3% |
79.3% |
|
|
Nov 18 |
08:30 |
PPI |
Oct |
|
-0.2% |
-0.2% |
-0.1% |
|
|
Nov 18 |
08:30 |
Core PPI |
Oct |
|
0.1% |
0.1% |
0.0% |
|
|
Nov 18 |
10:00 |
NAHB Housing Market Index |
Nov |
|
54 |
55 |
54 |
|
|
Nov 18 |
16:00 |
Net Long-Term TIC Flows |
Sep |
|
NA |
NA |
$52.1B |
|
|
Nov 19 |
07:00 |
MBA Mortgage Index |
11/15 |
|
NA |
NA |
-0.9% |
|
|
Nov 19 |
08:30 |
Housing Starts |
Oct |
|
1000K |
1025K |
1017K |
|
|
Nov 19 |
08:30 |
Building Permits |
Oct |
|
1050K |
1040K |
1031K |
1018K |
|
Nov 19 |
10:30 |
Crude Inventories |
11/15 |
|
NA |
NA |
- 1.735M |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Nov 19 |
14:00 |
FOMC Minutes |
10/29 |
|
|
|
|
|
|
Nov 20 |
08:30 |
Initial Claims |
11/15 |
|
285K |
285K |
290K |
|
|
Nov 20 |
08:30 |
Continuing Claims |
11/08 |
|
2375K |
2375K |
2392K |
|
|
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
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
U |
2011 |
2028 |
2029 |
2045 |
2048 |
2057 |
|
Dec Nasdaq |
U |
4115 |
4170 |
4194 |
4227 |
4252 |
4281 |
|
Dec Yen |
D |
84.27 |
85.15 |
84.79 |
86.52 |
87.38 |
88.72 |
|
Dec EC |
D |
123.38 |
124.32 |
123.60 |
125.41 |
128.85 |
126.44 |
|
Dec 10 Year Note |
U |
125319 |
126.13 |
126.08 |
129.26 |
127.03 |
127.16 |
|
Dec 30 Year Bond |
U |
139.24 |
140.22 |
140.30 |
142.02 |
142.12 |
143.06 |
|
Jan Soybeans |
U |
9.83 |
10.06 |
10.134 |
10.61 |
10.71 |
11.13 |
|
March Corn |
PRD |
3.675 |
3.806 |
3.82 |
3.95 |
4.04 |
4.14 |
|
Dec Gold |
D |
1128 |
1157 |
1173 |
1198 |
1205 |
1222 |
|
Dec Silver |
D |
14.84 |
15.57 |
15.76 |
16.61 |
16.70 |
17.10 |
|
Dec Copper |
U |
295.50 |
300 |
300.30 |
305.90 |
307.00 |
309.00 |
|
Dec Crude |
D |
69.74 |
72.85 |
74.15 |
76.29 |
79.43 |
82.90 |
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