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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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Initial jobless claims were better than expected.

11.21.2014

Top Day Market News

Big number yesterday was the Philly Fed at 40.8, a 20 year high. The other sobering factoid of the session was that 2 out of 18 EC countries have inflation rates below 1%. This implies that the EU is trepidatiously looking over the edge and deflation is looking back. It shouldn’t be completely unexpected that the result of the next EC meeting on January 22nd will see full bore QE.

Eurozone Purchasing Manager’s Index was a miss while US home re-sales came in stronger than expected. US core CPI gave a hint of inflationary pressures. Initial jobless claims were better than expected.

Path of least resistance for equities in the run up to Thanksgiving is higher as aggressive sellers withdraw, there’s book squaring and volatility dampens.

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

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

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

2040

2058

2048

2057

Dec Nasdaq

U

4115

4170

4215

4261

4252

4281

Dec Yen

D

84.27

85.15

83.71

85.43

87.38

88.72

Dec EC

U

123.38

124.32

125.13

125.84

128.85

126.44

Dec 10 Year Note

U

125319

126.13

126.10

126.25

127.03

127.16

Dec 30 Year Bond

U

139.24

140.22

141.02

142.23

142.12

143.06

Jan Soybeans

U

9.83

10.06

10.05

10.34

10.71

11.13

March Corn

D

3.675

3.806

3.78

3.90

4.04

4.14

Feb Gold

D

1128

1157

1179

1200

1205

1222

Mar Silver

U

14.84

15.57

16.01

16.37

16.70

17.10

Mar Copper

U

295.50

300

299

302

307.00

309.00

Jan Crude

PRD(U)

69.74

72.85

74.92

77.09

79.43

82.90