11.21.2013
Top Day Market News
Yesterday was more interesting than it had to be. Comments out of the meandering, occasionally confusing minutes from the last Federal Reserve Open Market Committee meeting suggested that tapering is on the horizon if the economy continues to improve. For the first time, they actually mentioned considering a specific date. This was enough to throw the metals lower and steepen the yield curve radically.
Weekly unemployment claims come in at -21K to the lowest level since late Sept. It was Veteran’s Day week so that has to be factored in, Producer Price Index comes in at 0.2% with the core rate at +0.2%
Philly Fed at 10.
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Week of November 18 - November 22 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Nov 18 |
09:00 |
Net Long-Term TIC Flows |
Sep |
NA |
NA |
-$8.9M |
|
|
Nov 18 |
10:00 |
NAHB Housing Market Index |
Nov |
53 |
55 |
55 |
|
|
Nov 19 |
08:30 |
Employment Cost Index |
Q3 |
0.5% |
0.5% |
0.5% |
|
|
Nov 20 |
07:00 |
MBA Mortgage Index |
11/16 |
NA |
NA |
-1.8% |
|
|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Nov 20 |
08:30 |
Retail Sales |
Oct |
0.3% |
0.1% |
-0.1% |
|
Nov 20 |
08:30 |
Retail Sales ex-auto |
Oct |
0.4% |
0.1% |
0.4% |
|
Nov 20 |
08:30 |
CPI |
Oct |
0.0% |
0.0% |
0.2% |
|
Nov 20 |
08:30 |
Core CPI |
Oct |
0.1% |
0.2% |
0.1% |
|
Nov 20 |
10:00 |
Existing Home Sales |
Oct |
4.95M |
5.20M |
5.29M |
|
Nov 20 |
10:00 |
Business Inventories |
Sep |
0.0% |
0.4% |
0.3% |
|
Nov 20 |
10:30 |
Crude Inventories |
11/16 |
NA |
NA |
2.640M |
|
Nov 20 |
14:00 |
FOMC Minutes |
10/30 |
|
|
|
|
Nov 21 |
08:30 |
Initial Claims |
11/16 |
335K |
333K |
339K |
|
Nov 21 |
08:30 |
Continuing Claims |
11/09 |
2875K |
2863K |
2874K |
|
Nov 21 |
08:30 |
PPI |
Oct |
0.0% |
-0.2% |
-0.1% |
|
Nov 21 |
08:30 |
Core PPI |
Oct |
0.1% |
0.1% |
0.1% |
|
Nov 21 |
10:00 |
Philadelphia Fed |
Nov |
5.0 |
11.9 |
19.8 |
|
Nov 21 |
10:30 |
Natural Gas Inventories |
11/16 |
NA |
NA |
20 bcf |
|
Nov 22 |
10:00 |
JOLTS - Job Openings |
Sep |
NA |
NA |
3.883M |
MARKET PLACE
Numbers 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
Daily Support and Resistance
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
D |
1739.75 |
1767 |
1771 |
1792 |
17808. |
1823.25 |
|
Dec Nasdaq |
D |
3309 |
3363 |
3350 |
3391 |
3446 |
3475 |
|
Dec Yen |
D |
98.02 |
99.20 |
9950 |
9971 |
100.73 |
101.68 |
|
Dec EC |
U |
132.86 |
133.88 |
133.62 |
135.30 |
135.49 |
136.08 |
|
DEC 10 Year |
D |
125.07 |
126.00 |
126.00 |
126.28 |
127.18 |
127.23 |
|
Dec 30 Year |
PRD(D) |
130.12 |
131.14 |
130.09 |
132.09 |
133.02 |
134.12 |
|
Jan Soybean |
PRD(D) |
12.49 |
12.65 |
12.68 |
12.89 |
13.08 |
13.36 |
|
Mar Corn |
D |
4.17 |
4.23 |
4.23 |
4.29 |
4.43 |
4.56 |
|
DEC Gold |
D |
1248 |
1268 |
1222 |
1275 |
1302 |
1314 |
|
Dec Silver |
D |
19.83 |
20.30 |
19.72 |
20.43 |
21.34 |
21.96 |
|
Dec Copper |
PRD(U) |
306 |
311.70 |
314 |
317 |
325 |
333 |
|
Jan Crude |
D |
91.00 |
92.32 |
93.24 |
94.47 |
95.24 |
96.74 |
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