12.31.2013
Top Day Recommendations
Not a session entirely bereft of economic releases. Chicago Purchasing Managers index isn’t insignificant nor is consumer confidence.
Trading was very thin last night.
Early closings so check with your desk. Another year is about to close its books probably most remarkable for the way it was engineered by the Federal Reserve. It will be studied for years. A slanted sea tilts all ships.
Happy New Year.
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Week of December 30 - January 03 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Dec 30 |
10:00 |
Pending Home Sales |
Nov |
|
-1.0% |
1.5% |
-0.6% |
|
|
|
Dec 31 |
09:00 |
Case-Shiller 20-city Index |
Oct |
|
14.0% |
13.8% |
13.3% |
|
|
|
Dec 31 |
09:45 |
Chicago PMI |
Dec |
|
60.0 |
60.0 |
63.0 |
|
|
|
Dec 31 |
10:00 |
Consumer Confidence |
Dec |
|
73.4 |
77.1 |
70.4 |
|
|
|
Jan 02 |
08:30 |
Initial Claims |
12/28 |
|
340K |
333K |
338K |
|
|
|
Jan 02 |
08:30 |
Continuing Claims |
12/21 |
|
2875K |
2875K |
2923K |
|
|
|
Jan 02 |
10:00 |
Construction Spending |
Nov |
|
0.5% |
0.8% |
0.8% |
|
|
|
Jan 02 |
10:00 |
ISM Index |
Dec |
|
56.7 |
56.9 |
57.3 |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 02 |
10:30 |
Natural Gas Inventories |
12/28 |
|
NA |
NA |
177 bcf |
|
|
Jan 03 |
11:00 |
Crude Inventories |
12/28 |
|
NA |
NA |
- 4.731M |
|
|
Jan 03 |
14:00 |
Auto Sales |
Dec |
|
NA |
NA |
5.7M |
|
|
Jan 03 |
14:00 |
Truck Sales |
Dec |
|
NA |
NA |
7.1M |
|
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 |
1808 |
1822 |
1832 |
1837 |
1845 |
1859 |
|
Mar Nasdaq |
PRD(D) |
3519 |
3545 |
3556 |
3574 |
3591 |
3612 |
|
Mar Yen |
U |
94.21 |
94.99 |
94.94 |
95.53 |
96.00 |
96.87 |
|
Mar EC |
U |
135.21 |
136.27 |
137.47 |
138.38 |
138.66 |
139.99 |
|
Mar 10 Year Note |
D |
122.08 |
122.31 |
122.30 |
123.12 |
123.17 |
124.03 |
|
Mar 30 Year Bond |
D |
125.30 |
127.03 |
128.08 |
129.04 |
130.13 |
132.18 |
|
Mar Soybean |
U |
12.81 |
12.97 |
13.00 |
13.11 |
13.34 |
13.55 |
|
Mar Corn |
U |
4.19 |
4.26 |
4.205 |
4.25 |
4.33 |
4.39 |
|
Feb Gold |
U |
1180.70 |
1196 |
1192. |
1215 |
1223 |
1234 |
|
March Silver |
U |
18.990 |
19.51 |
19.32 |
19.75 |
20.35 |
20.64 |
|
March Copper |
PRD(D) |
325 |
331 |
337 |
339 |
343 |
348 |
|
Feb Crude |
U |
97.59 |
98.57 |
98.80 |
100.09 |
101.10 |
102.03 |
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