12.17.2013
Top Day Market News
The market continues to wait for the conclusion of the two day FOMC meeting. The key of course is if the FED will use this opportunity to clarify its intentions towards tapering.
Some believe that it will be just an emblematic move of just a 2 billion rollback to 83 billion a month.
Today we get the Consumer Price Index and the Core (minus food and energy). British inflation levels edge closer to their 2% target. December equity futures are set to expire Thursday on the close. Markets have been very quiet overnight. Snow is starting to fall.
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Week of December 16 - December 20 |
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|
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 |
|
Mar ES |
PRD(U) |
1745 |
1766 |
1761 |
1797 |
1789 |
1825 |
|
Mar Nasdaq |
PRD(U) |
3402.25 |
3443 |
3436 |
3497 |
3504 |
3552 |
|
Mar Yen |
U |
95.38 |
96.17 |
96.86 |
97.46 |
97.85 |
98.74 |
|
Mar EC |
U |
136.30 |
136.80 |
137.31 |
137.94 |
137.90 |
138.60 |
|
Mar 10 Year Note |
D |
123.09 |
123.30 |
124.02 |
124.14 |
124.24 |
125.06 |
|
Mar 30 Year Bond |
U |
128.13 |
129.01 |
129 |
129.31 |
130.10 |
130.31 |
|
Jan Soybean |
U |
12.89 |
13.08 |
13.23 |
13.47 |
13.49 |
13.72 |
|
Mar Corn |
D |
4.14 |
4.20 |
4.20 |
4.26 |
4.35 |
4.46 |
|
Feb Gold |
U |
1193 |
1215 |
1230 |
1255 |
1263 |
1289 |
|
March Silver |
U |
18.60 |
19.13 |
19.60 |
20.44 |
20.33 |
21.00 |
|
March Copper |
U |
319 |
325 |
331. |
334 |
334 |
337 |
|
Jan Crude |
D |
90.34 |
94.23 |
96.58 |
98.64 |
99.74 |
101.00 |
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