12.09.2013
Top Day Recommendations
No eco releases today. The unemployment number was far better than expected in terms of job creation, should have been a positive for the dollar and a negative for bonds. This failed to materialize however. The stock market interpreted this good news as good news and rallied. Bonds moved higher as well and the dollar edged lower because of seasonal tendencies? It should always be remembered that markets don’t have to make sense. Probably the most surprising move last week was crude to the upside in the face of a well supplied market.
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Week of December 09 - December 13 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Dec 10 |
10:00 |
Wholesale Inventories |
Oct |
|
0.3% |
0.3% |
0.4% |
|
|
|
Dec 10 |
10:00 |
JOLTS - Job Openings |
Oct |
|
NA |
NA |
3.913M |
|
|
|
Dec 11 |
07:00 |
MBA Mortgage Index |
12/07 |
|
NA |
NA |
-12.8% |
|
|
|
Dec 11 |
10:30 |
Crude Inventories |
12/07 |
|
NA |
NA |
-5.585M |
|
|
|
Dec 11 |
14:00 |
Treasury Budget |
Nov |
|
NA |
NA |
-$172.1B |
|
|
|
Dec 12 |
08:30 |
Initial Claims |
12/07 |
|
325K |
315K |
298K |
|
|
|
Dec 12 |
08:30 |
Continuing Claims |
11/30 |
|
2750K |
2750K |
2744K |
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|
|
Dec 12 |
08:30 |
Retail Sales |
Nov |
|
0.9% |
0.6% |
0.4% |
|
|
|
Dec 12 |
08:30 |
Retail Sales ex-auto |
Nov |
|
0.5% |
0.3% |
0.2% |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Dec 12 |
08:30 |
Export Prices ex-ag. |
Nov |
|
NA |
NA |
-0.4% |
|
|
Dec 12 |
08:30 |
Import Prices ex-oil |
Nov |
|
NA |
NA |
0.0% |
|
|
Dec 12 |
10:00 |
Business Inventories |
Oct |
|
0.3% |
0.3% |
0.6% |
|
|
Dec 12 |
10:30 |
Natural Gas Inventories |
12/07 |
|
NA |
NA |
NA |
|
|
Dec 13 |
08:30 |
PPI |
Nov |
|
-0.1% |
-0.1% |
-0.2% |
|
|
Dec 13 |
08:30 |
Core PPI |
Nov |
|
0.1% |
0.1% |
0.2% |
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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 |
D |
1767 |
1786 |
1791 |
1813 |
1817 |
1828 |
|
Dec Nasdaq |
U |
3432 |
3469 |
3484 |
3517 |
3526 |
3547 |
|
Dec Yen |
U |
9577 |
9647 |
9673 |
9800 |
9814 |
9911 |
|
Dec EC |
U |
134.58 |
135.77 |
136.38 |
137.31 |
137.62 |
138.28 |
|
Mar 10 Year Note |
D |
122.27 |
123.17 |
123.25 |
124.19 |
125.03 |
126.00 |
|
Mar 30 Year Bond |
U |
126.20 |
127.25 |
128.04 |
129.20 |
130.01 |
131.22 |
|
Jan Soybeans |
U |
12.92 |
13.09 |
13.18 |
13.34 |
13.43 |
13.62 |
|
Mar Corn |
U |
4.09 |
4.22 |
4.30 |
4.40 |
4.43 |
4.51 |
|
Feb Gold |
D |
1189 |
1209.5 |
1211 |
1245 |
1250.9 |
1274.1 |
|
March Silver |
D |
18.36 |
18.93 |
19.19 |
19.81 |
20.05 |
20.59 |
|
March Copper |
U |
312 |
318 |
323 |
326 |
328 |
332 |
|
Jan Crude |
U |
93.00 |
94.42 |
97.13 |
98.11 |
99.94 |
101.85 |
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