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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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Welcome to Thanksgiving week.


11.24.2014

Top Day Market News

Welcome to Thanksgiving week, a week traditionally known for its lack of volatility. It’s difficult to be assume that this week will hold true t form, however. Friday saw some violent moves in the currency markets with the unexpected cut in Chinese rates sending the commodity currencies (Canadian and Australian dollar (and Gold) higher while the EC fell precipitously as ECB President Draghi seems more intent than ever on expanding the ECB balance sheet to create inflation. US rates continued to drift lower and the equities continued to grind higher even as trading ranges contract. There are a few warning signs presaging a correction as the Nasdaq underperforms the S+P. (see chart). Friday saw a price rejection and the market could build on this action Monday as there’s a new release vacuum.

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Nov 25

08:30

GDP - Second Estimate

Q3

 

3.0%

3.3%

3.5%

 

Nov 25

08:30

GDP Deflator - Second Estimate

Q3

 

1.3%

1.3%

1.3%

 

Nov 25

09:00

Case-Shiller 20-city Index

Sep

 

4.2%

4.6%

5.6%

 

Nov 25

09:00

FHFA Housing Price Index

Sep

 

NA

NA

0.5%

 

Nov 25

10:00

Consumer Confidence

Nov

 

96.0

96.0

94.5

 

Nov 26

07:00

MBA Mortgage Index

11/22

 

NA

NA

4.9%

 

Nov 26

08:30

Initial Claims

11/22

 

285K

286K

291K

 

Nov 26

08:30

Continuing Claims

11/15

 

2350K

2373K

2330K

 

Nov 26

08:30

Durable Orders

Oct

 

-0.7%

-0.7%

-1.3%

 

Nov 26

08:30

Durable Goods –ex transportation

Oct

 

0.3%

0.5%

-0.2%

 

Nov 26

08:30

Personal Income

Oct

 

0.5%

0.4%

0.2%

 

Nov 26

08:30

Personal Spending

Oct

 

0.3%

0.3%

-0.2%

 

Nov 26

08:30

PCE Prices - Core

Oct

 

0.1%

0.1%

0.1%

 

Nov 26

09:45

Chicago PMI

Nov

 

65.0

63.0

66.2

 

Nov 26

09:55

Michigan Sentiment - Final

Nov

 

90.5

89.9

89.4

 

Nov 26

10:00

New Home Sales

Oct

 

450K

469K

467K

 

Nov 26

10:00

Pending Home Sales

Oct

 

0.5%

0.8%

0.3%

 

Nov 26

10:30

Crude Inventories

11/22

 

NA

NA

2.608M

 

Nov 26

12:00

Natural Gas Inventories

11/22

 

NA

NA

-17 bcf

 

 

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 Dow

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

2006

2033

2051

2072

2080

2100

Dec Nasdaq

U

4148

4199

4229

4275

4292

43334

Dec Yen

PRD(U)

82.62

83.75

84.14

85.25

86.32

87.76

Dec EC

U

122.29

123.09

123.20

125.13

125.37

126.85

Dec 10 Year Note

U

125.29

126.09

126.14

126.30

127.01

127.12

Dec 30 Year Bond

U

140.16

141.08

141.18

142.17

142.17

143.02

Jan Soybeans

U

9..975

10.21

10.28

10.49

10.59

10.73

March Corn

D

3.64

3.74

3.80

3.91

3.96

4.06

Feb Gold

PRD(U)

1161.50

1181

1187.50

1208.50

1215.0

1228

Mar Silver

U

15.62

16.15

16.19

16.69

16.78

17.08

Mar Copper

U

293.50

198.40

299.90

306.50

307.50

312.00

Jan Crude

U

69.73

72.82

75.47

77.68

79.40

82.89