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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Weak numbers from China's manufacturing

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