12.14.12
Top Day Market News
CPI comes in at -0.3% ex food and gas it comes in at 0.1%. This probably reflects slack demand leading to a lack of pricing pressures. This is a tame number. This will give only a momentary relief to the pressure seen in the bond market, however. Oil saw some buying interest based on Chinese economic expansion while at the same time crude is down about 12% on the year as US production ramped up and gasoline demand declined. China is the world’s second largest consumer of oil and processes about 10 million barrels a day.
All that’s left on the economic slate today is industrial production and capacity utilization.
March stock index futures are now front month forward.
|
Week of December 10 - December 14 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Dec 11 |
08:30 |
|
Oct |
|
-$43.0B |
-$42.8B |
-$41.5B |
|
|
Dec 11 |
10:00 |
|
Oct |
|
0.3% |
0.4% |
1.1% |
|
|
Dec 12 |
07:00 |
MBA Mortgage Index |
12/08 |
|
NA |
NA |
4.5% |
|
|
Dec 12 |
08:30 |
|
Nov |
|
NA |
NA |
0.2% |
|
|
Dec 12 |
08:30 |
|
Nov |
|
NA |
NA |
0.3% |
|
|
Dec 12 |
10:30 |
Crude Inventories |
12/08 |
|
NA |
NA |
-2.357M |
|
|
Dec 12 |
12:30 |
FOMC Rate Decision |
Dec |
|
0.25% |
0.25% |
0.25% |
|
|
Dec 12 |
14:00 |
|
Nov |
|
-$113.0B |
-$113.0B |
- $137.3B |
|
|
Dec 13 |
08:30 |
|
12/08 |
|
375K |
375K |
370K |
|
|
Dec 13 |
08:30 |
|
12/01 |
|
3250K |
3200K |
3205K |
|
|
Dec 13 |
08:30 |
|
Nov |
|
0.6% |
0.4% |
-0.3% |
|
|
Dec 13 |
08:30 |
|
Nov |
|
0.2% |
0.0% |
0.0% |
|
|
Dec 13 |
08:30 |
|
Nov |
|
-0.5% |
-0.5% |
-0.2% |
|
|
Dec 13 |
08:30 |
|
Nov |
|
0.1% |
0.1% |
-0.2% |
|
|
Dec 13 |
10:00 |
|
Oct |
|
0.3% |
0.4% |
0.7% |
|
|
Dec 14 |
08:30 |
|
Nov |
|
-0.2% |
-0.2% |
0.1% |
|
|
Dec 14 |
08:30 |
|
Nov |
|
0.1% |
0.1% |
0.2% |
|
|
Dec 14 |
09:15 |
|
Nov |
|
0.5% |
0.3% |
-0.4% |
|
|
Dec 14 |
09:15 |
|
Nov |
|
78.0% |
78.0% |
77.8% |
|
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 |
|
Mar ES |
U |
1385.50 |
1401.25 |
1407 |
1421.50 |
1428.5
|
1439 |
|
Mar Nasdaq |
D |
2576.50 |
2607.25 |
2628.50 |
2674 |
2683.2 5 |
2828.75. |
|
Dec Yen
|
PRD(U) |
119.84 |
120.61 |
119.06 |
120.10 |
122.26 |
123.14 |
|
Dec EC
|
U |
127.25 |
128.26 |
130.45 |
131.33 |
130.79 |
132.31 |
|
Mar 10 Year
|
PRD(D) |
32.27 |
133.06 |
132.10 |
133.01 |
133.31 |
134.12 |
|
Mar 30 Year
|
PRD(D) |
147.31 |
148.24 |
146.25 |
148.10 |
150.19 |
151.21 |
|
Mar Soybeans
|
PRD(D) |
14.06 |
14.39 |
14.61 |
14.96 |
15.01 |
15.31 |
|
Mar Corn
|
D |
7.16 |
7.30 |
7.14 |
7.27 |
7.55 |
7.74 |
|
Feb Gold
|
U |
1664 |
1685 |
1687.4 |
1722.0 |
1725.8 |
1773.2 |
|
Mar Silver
|
U |
31.88 |
32.52 |
31.91 |
33.15 |
33.86 |
34.57 |
|
Mar Copper
|
U |
360 |
363 |
363 |
373 |
372 |
380 |
|
Feb Crude
|
PRD(U) |
82.68 |
84.33 |
86.04 |
87.88 |
88.98 |
91.98 |
|
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