11.26.2013
Top Day Market News
The big number today will be consumer confidence at 10. Overnight, Japanese stocks backed off a 6 week high. Oil rebounded along with the Aussie dollar. The Aussie had fallen over 3% over the past four days. Gold worked off an oversold condition and rallied sharply on Monday. Oil had attracted new shorts after the deal with Iran. Bonds have improved after the sharp selloff in the wake of the FOMC minutes and a tapering timing concern. Trading is starting to thin out.
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Week of November 25 - November 29 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Nov 25 |
10:00 |
Pending Home Sales |
Oct |
1.0% |
1.3% |
-5.6% |
|
|
Nov 26 |
08:30 |
Housing Starts |
Sep |
900K |
915K |
891K |
|
|
Nov 26 |
08:30 |
Housing Starts |
Oct |
915K |
920K |
NA |
|
|
Nov 26 |
08:30 |
Building Permits |
Sep |
930K |
932K |
918K |
|
|
Nov 26 |
08:30 |
Building Permits |
Oct |
930K |
932K |
NA |
|
|
Nov 26 |
09:00 |
Case-Shiller 20-city Index |
Sep |
13.0% |
13.0% |
12.8% |
|
|
Nov 26 |
09:00 |
FHFA Housing Price Index |
Sep |
NA |
NA |
0.3% |
|
|
Nov 26 |
10:00 |
Consumer Confidence |
Nov |
74.0 |
72.4 |
71.2 |
|
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Nov 27 |
07:00 |
MBA Mortgage Index |
11/23 |
NA |
NA |
-2.3% |
|
|
Nov 27 |
08:30 |
Initial Claims |
11/23 |
335K |
330K |
323K |
|
|
Nov |
08:30 |
Continuing Claims |
11/16 |
2875K |
2875K |
2876K |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
27 |
|
|
|
|
|
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Nov 27 |
08:30 |
Durable Orders |
Oct |
-3.0% |
-2.2% |
3.8% |
3.7% |
|
Nov 27 |
08:30 |
Durable Goods –ex transportation |
Oct |
0.3% |
0.2% |
-0.2% |
-0.1% |
|
Nov 27 |
09:45 |
Chicago PMI |
Nov |
58.0 |
58.0 |
65.9 |
|
|
Nov 27 |
09:55 |
Michigan Sentiment - Final |
Nov |
73.5 |
73.0 |
72.0 |
|
|
Nov 27 |
10:00 |
Leading Indicators |
Oct |
-0.1% |
-0.1% |
0.7% |
|
|
Nov 27 |
10:30 |
Crude Inventories |
11/23 |
NA |
NA |
0.375M |
|
|
Nov 27 |
10:30 |
Natural Gas Inventories |
11/23 |
NA |
NA |
-45 bcf |
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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 |
U |
1764 |
1782 |
1797 |
1808 |
1805 |
1821 |
|
Dec Nasdaq |
U |
3334 |
3371 |
3420 |
3445 |
3445 |
3469 |
|
Dec Yen |
D |
97.49 |
98.10 |
9804 |
9880 |
99.88 |
101.05 |
|
Dec EC |
U |
133.29 |
134.40 |
134.86 |
135.34 |
136.22 |
136.93 |
|
DEC 10 Year |
U |
125.09 |
125.29 |
126.14 |
127.00 |
127.06 |
127.26 |
|
Dec 30 Year |
U |
129.00 |
130.15 |
131.21 |
132.20 |
133.11 |
134.24 |
|
Jan Soybean |
U |
12.49 |
12.84 |
13.14 |
13.39 |
13.38 |
13.57 |
|
Mar Corn |
U |
4.03 |
4.13 |
429 |
433 |
4.29 |
4.35 |
|
DEC Gold |
D |
1207.50 |
1232.2 |
1240 |
1268 |
1276.1 |
1309 |
|
Dec Silver |
D |
19.01 |
19.62 |
19.90 |
20.64 |
20.50 |
21.20 |
|
Dec Copper |
U |
309 |
315 |
319.50 |
325.00 |
325 |
328 |
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Jan Crude |
D |
92.11 |
93.15 |
93.28 |
94.70 |
95.82 |
96.23 |
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