12.16.2013
Top Day Market News
This week is full of eco releases given its position ahead of the approaching holiday. We start off with Empire State Manufacturing Index then Industrial Production and Cap utilization at 9:15. The key moment of the week will be the FOMC rate decision on Wednesday and with it the possibility of a tapering announcement. The recent budget agreement gave traders the idea that the Fed might be able to get the tapering started in December and this induced selling pressure in equities last week and this continued overnight Sunday. Weak numbers from China’s manufacturing sector weighed on emerging markets and the Aussie dollar continues its readjustment towards the BOA comfort level of 85.
|
|
Week of December 16 - December 20 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Dec 16 |
08:30 |
Empire Manufacturing |
Dec |
|
5.0 |
5.0 |
-2.2 |
|
|
|
Dec 16 |
08:30 |
Productivity-Rev. |
Q3 |
|
2.5% |
2.7% |
1.9% |
|
|
|
Dec 16 |
08:30 |
Unit Labor Costs |
Q3 |
|
-1.0% |
-1.3% |
-0.6% |
|
|
|
Dec 16 |
09:00 |
Net Long-Term TIC Flows |
Oct |
|
NA |
NA |
$25.5B |
|
|
|
Dec 16 |
09:15 |
Industrial Production |
Nov |
|
0.4% |
0.4% |
-0.1% |
|
|
|
Dec 16 |
09:15 |
Capacity Utilization |
Nov |
|
78.3% |
78.4% |
78.1% |
|
|
|
Dec 17 |
08:30 |
CPI |
Nov |
|
0.0% |
0.1% |
-0.1% |
|
|
|
Dec 17 |
08:30 |
Core CPI |
Nov |
|
0.1% |
0.1% |
0.1% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Dec 17 |
08:30 |
Current Account Balance |
Q3 |
|
-$101.0B |
-$101.0B |
-$98.9B |
|
|
Dec 17 |
10:00 |
NAHB Housing Market Index |
Dec |
|
55 |
55 |
54 |
|
|
Dec 18 |
07:00 |
MBA Mortgage Index |
12/14 |
|
NA |
NA |
1.0% |
|
|
Dec 18 |
08:30 |
Housing Starts |
Sep |
|
900K |
915K |
891K |
|
|
Dec 18 |
08:30 |
Housing Starts |
Oct |
|
895K |
920K |
NA |
|
|
Dec 18 |
08:30 |
Housing Starts |
Nov |
|
925K |
950K |
NA |
|
|
Dec 18 |
08:30 |
Building Permits |
Nov |
|
975K |
983K |
1034K |
|
|
Dec 18 |
10:30 |
Crude Inventories |
12/14 |
|
NA |
NA |
-10.585M |
|
|
Dec 18 |
14:00 |
FOMC Rate Decision |
Dec |
|
0.25% |
0.25% |
0.25% |
|
|
Dec 19 |
08:30 |
Initial Claims |
12/14 |
|
335K |
333K |
368K |
|
|
Dec 19 |
08:30 |
Continuing Claims |
12/07 |
|
2750K |
2760K |
2791K |
|
|
Dec 19 |
10:00 |
Existing Home Sales |
Nov |
|
4.98M |
5.00M |
5.12M |
|
|
Dec 19 |
10:00 |
Philadelphia Fed |
Dec |
|
4.0 |
5.0 |
6.5 |
|
|
Dec 19 |
10:00 |
Leading Indicators |
Nov |
|
0.7% |
0.6% |
0.2% |
|
|
Dec 19 |
10:30 |
Natural Gas Inventories |
12/14 |
|
NA |
NA |
-81 bcf |
|
|
Dec 20 |
08:30 |
GDP - Third Estimate |
Q3 |
|
3.7% |
3.6% |
3.6% |
|
|
Dec 20 |
08:30 |
GDP Deflator - Third Estimate |
Q3 |
|
2.0% |
2.0% |
2.0% |
|
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 |
1745 |
1766 |
1765 |
1781 |
1789 |
1825 |
|
Dec Nasdaq |
D |
3402.25 |
3443 |
3433 |
3475 |
3504 |
3552 |
|
Mar Yen |
U |
95.38 |
96.17 |
96.44 |
97.68 |
97.85 |
98.74 |
|
Mar EC |
PRD(D) |
136.30 |
136.80 |
137.04 |
137.96 |
137.90 |
138.60 |
|
Mar 10 Year Note |
D |
123.09 |
123.30 |
124.04 |
124.13 |
124.24 |
125.06 |
|
Mar 30 Year Bond |
U |
128.13 |
129.01 |
129.08 |
130.07 |
130.10 |
130.31 |
|
Jan Soybean |
U |
12.89 |
13.08 |
13.17 |
13.32 |
13.49 |
13.72 |
|
Mar Corn |
PRD(D) |
4.14 |
4.20 |
4.18 |
4.32 |
4.35 |
4.46 |
|
Feb Gold |
U |
1193 |
1215 |
1223 |
1242 |
1263 |
1289 |
|
March Silver |
U |
18.60 |
19.13 |
19.34 |
19.80 |
20.33 |
21.00 |
|
March Copper |
U |
319 |
325 |
328 |
332 |
334 |
337 |
|
Jan Crude |
D |
90.34 |
94.23 |
95.46 |
97.30 |
99.74 |
101.00 |
|
|
|
|
|
|
|
|
|
