12.13.2013
Top Day Recommendations
Just Producer Price Index and the Core rate (minus food and energy) at 8:30. Stocks languished again yesterday. A second day of realization that the budget agreement in Washington could trigger the taper as early as next week. Metals had that delayed reaction mentioned the day before yesterday as gold slammed into support at 1225.
Crude could reverse its intermediate trend today with a lower close. Some are pointing to a head and shoulders formation in stocks.
Aussie dollar drop most precipitous in 28 years as BOA says that it’s more comfortable with the Aussie trading at 85 than at 90. British/Loonie spread is worth looking at. NOB should reflect curve steepening.
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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 |
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|
Dec 11 |
14:00 |
Treasury Budget |
Nov |
|
NA |
NA |
-$172.1B |
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|
|
Dec 12 |
08:30 |
Initial Claims |
12/07 |
|
325K |
315K |
298K |
|
|
|
Dec |
08:30 |
Continuing Claims |
11/30 |
|
2750K |
2750K |
2744K |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
12 |
|
|
|
|
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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% |
|
|
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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Dec ES |
D |
1767 |
1786 |
1765 |
1789 |
1817 |
1828 |
|
Dec Nasdaq |
D |
3432 |
3469 |
3440 |
3488 |
3526 |
3547 |
|
Mar Yen |
U |
9577 |
9647 |
96.12 |
97.10 |
9814 |
9911 |
|
Mar EC |
U |
134.58 |
135.77 |
|
|
137.62 |
138.28 |
|
Mar 10 Year Note |
D |
122.27 |
123.17 |
123.27 |
124.15 |
125.03 |
126.00 |
|
Mar 30 Year Bond |
PRD(D) |
126.20 |
127.25 |
128.26 |
129.18 |
130.01 |
131.22 |
|
Jan Soybean |
U |
12.92 |
13.09 |
13.01 |
13.41 |
13.43 |
13.62 |
|
Mar Corn |
U |
4.09 |
4.22 |
4.28 |
4.39 |
4.43 |
4.51 |
|
Feb Gold |
PRD(D) |
1189 |
1209.5 |
1212.80 |
1246.0 |
1250.9 |
1274.1 |
|
March Silver |
PRD(D) |
18.36 |
18.93 |
18.81 |
20.06 |
20.05 |
20.59 |
|
March Copper |
U |
312 |
318 |
326.75 |
331.00 |
328 |
332 |
|
Jan Crude |
PRD(D) |
93.00 |
94.42 |
96.79 |
98.01 |
99.94 |
101.85 |
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