Monthly Archives: August 2014

Classical Tuesday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 upside extensions
 downside retracements
 regression channels
price support and resistance
 
On the economic calendar:-
07:45 ICSC-Goldman Store Sales
08:30 Durable Goods Orders (Consensus 5.1% v Prior 0.7%)
08:55 Redbook
09:00 FHFA House Price Index (Consensus 0.3% v Prior 0.4%)
          S&P Case-Shiller HPI (Consensus 0.1% v Prior -0.3%)
10:00 Consumer Confidence (Consensus 89.5 v Prior 90.9)
          Richmond Fed Manufacturing Index (Consensus 8.0 v Prior 7.0)
          State Street Investor Confidence Index
11:30 4 Week Bill Auction
13:00 2 Year Note Auction
POMO:-
10:15 - 11:00 Outright Treasury Coupon Purchases between $2.00  - $2.50 billion

Classical Monday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 downside retracements
 regression channels
price support and resistance
On the economic calendar:-
08:30 Chicago Fed National Activity Index (Consensus 0.20 v Prior 0.12)
09:45 PMI Services Flash (Consensus 62.0 v Prior 61.0)
10:00 New Home Sales (Consensus 430 K v Prior 406 K)
10:30 Dallas Fed Manufacturing Survey (Consensus 13.5 v Prior 12.7)
11:00 4 Week Bill Announcement
11:30 3 Month Bill Auction
          6 Month Bill Auction
POMO:-
None

Classical Thursday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 downside retracements
 regression channels
price support and resistance
On the economic calendar:-
08:30 Jobless Claims (Consensus 300 K v Prior 311 K)
09:45 PMI Manufacturing Index Flash
10:00 Philadelphia Fed Survey (Consensus 20.0 v Prior 23.9)
          Existing Home Sales (Consensus 5.00 M v Prior 5.04 M)
          Leading Indicators (Consensus 0.6% v Prior 0.3%)
10:30 EIA Natural Gas Report
11:00 3 Month Bill Announcement
          6 Month Bill Announcement
          2 Year FRN Announcement
          2 Year Note Announcement
          5 Year Note Announcement
          7 Year Note Announcement
13:00 5 Year TIPS Auction
16:30 Fed Balance Sheet
          Money Supply
POMO:-
10:15 - 11:00 Outright Treasury Coupon Purchases between $2.05 - $2.50 billion

 

10 Yr weekly

The 10 year ran at the weekly upside objective on the Aug, 8 pattern last Friday. The market stopped short of the 127.10 objective. This week has seen a slow grind down into the weekly trap gap Of 126.02 to 125.28. The short base took a licking last week as war news went viral.

The POC (point of control) for the long side is 125.22. A settle below there on Friday would be significant given the "soft" J-Hole tilt being floated over the market. A hold and breach early next week seems more likely.