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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Yesterday was more interesting than it had to be

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.

 

Week of November 18 - November 22

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