11.19.2014
Top Day Market News
Stocks yesterday continued to grind higher as “long only buyers” chase return as the year dwindles away. They are “trading from behind” and will not outperform passive index buyers this year, again. Crude traded right into resistance at 76.25 then tried outside support at 74.15. See chart below.
Today we get crude inventories and the release of the Federal Open Market Committee meeting minutes at 2 o’clock. With higher equity prices look for the Fed to be more hawkish than dovish in their notes.
|
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 |
|
|
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 |
2038 |
2056 |
2048 |
2057 |
|
Dec Nasdaq |
U |
4115 |
4170 |
4211 |
4256 |
4252 |
4281 |
|
Dec Yen |
D |
84.27 |
85.15 |
85.14 |
85.87 |
87.38 |
88.72 |
|
Dec EC |
D |
123.38 |
124.32 |
124.72 |
125.75 |
128.85 |
126.44 |
|
Dec 10 Year Note |
U |
125319 |
126.13 |
126.11 |
126.24 |
127.03 |
127.16 |
|
Dec 30 Year Bond |
U |
139.24 |
140.22 |
141.01 |
141.31 |
142.12 |
143.06 |
|
Jan Soybeans |
U |
9.83 |
10.06 |
10.15 |
10.44 |
10.71 |
11.13 |
|
March Corn |
D |
3.675 |
3.806 |
3.79 |
3.89 |
4.04 |
4.14 |
|
Dec Gold |
D |
1128 |
1157 |
1185 |
1206 |
1205 |
1222 |
|
Dec Silver |
D |
14.84 |
15.57 |
15.59 |
16.39 |
16.70 |
17.10 |
|
Dec Copper |
PRD(D) |
295.50 |
300 |
598 |
303 |
307.00 |
309.00 |
|
Dec Crude |
D |
69.74 |
72.85 |
72.66 |
75.27 |
79.43 |
82.90 |
|
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