11.20.2014
Top Day Market News
The release of the Beige Book yesterday was as confusing as ever. Yes, the FED is moving towards normalization of rates but the exact time table is not in place. There is now a debate about keeping the pledge to keep interest rates low for a significant amount of time with 47% of the voting members willing to drop that language.
Today we get a slug of economic information including jobless claims, CPI, existing home sales, Philly Fed and Leading economic indicators. In the overnight, the dollar is stronger, stocks heavy and bonds the recipient of the stronger dollar.
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 |
|
Nov 19 |
14:00 |
FOMC Minutes |
10/29 |
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
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 |
2032 |
2052 |
2048 |
2057 |
Dec Nasdaq |
U |
4115 |
4170 |
4186 |
4242 |
4252 |
4281 |
Dec Yen |
D |
84.27 |
85.15 |
84.15 |
85.41 |
87.38 |
88.72 |
Dec EC |
PRD(U) |
123.38 |
124.32 |
124.64 |
125.96 |
128.85 |
126.44 |
Dec 10 Year Note |
U |
125319 |
126.13 |
126.06 |
126.28 |
127.03 |
127.16 |
Dec 30 Year Bond |
U |
139.24 |
140.22 |
140.28 |
142.06 |
142.12 |
143.06 |
Jan Soybeans |
PRD(D) |
9.83 |
10.06 |
9.97 |
10.18 |
10.71 |
11.13 |
March Corn |
D |
3.675 |
3.806 |
3.69 |
3.81 |
4.04 |
4.14 |
Feb Gold |
D |
1128 |
1157 |
1178 |
1206 |
1205 |
1222 |
Mar Silver |
PRD(U) |
14.84 |
15.57 |
15.99 |
16.64 |
16.70 |
17.10 |
Mar Copper |
U |
295.50 |
300 |
296.50 |
305.00 |
307.00 |
309.00 |
Jan Crude |
D |
69.74 |
72.85 |
73.70 |
75.20 |
79.43 |
82.90 |
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