Summary
The Dow Future is falling 9 points to 17646. The US Dollar Index climbed 0.308 points to 99.154. Gold is dropping 1.290 dollars to 1087.530. Silver has climbed 0.0485 dollars to 14.4165. The Dow Industrials slipped 55.99 points, at 17702.22, while the S&P 500 retreated 6.72 points, last seen at 2075.00. The Nasdaq Composite softened 15.50 points to 5067.74. Streaming charts of these markets are available 24/7 at MarketClub
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Wednesday Nov 11th
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Wednesday Nov 11th
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Wednesday Nov 11th
Thursday, November 12, 2015
8:30 AM ET. Unemployment Insurance Weekly Claims Report – Initial Claims
Jobless Claims (expected 270K; previous 276K)
Jobless Claims, Net Chg (previous +16K)
Continuing Claims (previous 2163000)
Continuing Claims, Net Chg (previous +17K)
9:45 AM ET. Bloomberg Consumer Comfort Index
10:00 AM ET. September Job Openings & Labor Turnover Survey
11:00 AM ET. EIA Weekly Petroleum Status Report
Crude Oil Stocks (Bbl) (previous 482.81M)
Crude Oil Stocks, Net Chg (Bbl) (previous +2.847M)
Gasoline Stocks (Bbl) (previous 215.347M)
Gasoline Stocks, Net Chg (Bbl) (previous -3.3M)
Distillate Stocks (Bbl) (previous 140.757M)
Distillate Stocks, Net Chg (Bbl) (previous -1.3M)
Refinery Usage (previous 88.7%)
Total Prod Supplied (Bbl/day) (previous 19.477M)
Total Prod Supplied, Net Chg (Bbl/day) (previous -0.826M)
Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 99.154 +0.308 +0.40%
POWERSHARES DB US DOLLAR INDEX 25.77 -0.08 -0.31%
US Dollar/Canadian Dollar 1.326980 +0.003200 +0.24%
Euro/US Dollar 1.072440 -0.004085 -0.38%
JAPANESE YEN Dec 2015 0.008129 -0.000006 -0.07%
SWISS FRANC Dec 2015 0.9960 +0.0004 +0.04%
US Dollar/Hong Kong Dollar 7.750475 -0.000005 -0.00%
CURRENCIES
The December Dollar was higher overnight. Stochastics and the RSI are overbought, diverging but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October’s low, the 75% retracement level of the March-August-decline crossing at 100.04 is the next upside target. Closes below the 20-day moving average crossing at 97.29 would confirm that a short-term top has been posted. First resistance is Tuesday’s high crossing at 99.60. Second resistance is the 75% retracement level of the March-August-decline crossing at 100.04. First support is the 10-day moving average crossing at 98.34. Second support is the 20-day moving average crossing at 97.29.
The December Euro was lower overnight as it extends the decline off October’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, March’s low crossing at 105.20 is the next downside target. Closes above the 20-day moving average crossing at 109.98 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 108.43. Second resistance is the 20-day moving average crossing at 109.98. First support is the 87% retracement level of the March-August-rally crossing at 106.77. Second support is March’s low crossing at 105.20.
The December British Pound was slightly lower overnight. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.5307 are needed to confirm that a short-term low has been posted. If December renews this month’s decline, the 75% retracement level of the April-June-rally crossing at 1.4940 is the next downside target. First resistance is the 10-day moving average crossing at 1.5246. Second resistance is the 20-day moving average crossing at 1.5307. First support is last Friday’s low crossing at 1.5023. Second support is the 75% retracement level of the April-June-rally crossing at 1.4940.
The December Swiss Franc was slightly higher overnight. Stochastics and the RSI are oversold but remian neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this fall’s decline, January’s low crossing at 0.9892 is the next downside target. Closes above the 20-day moving average crossing at 1.0162 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.0030. Second resistance is the 20-day moving average crossing at 1.0162. First support is the overnight low crossing at 0.9925. Second support is January’s low crossing at 0.9892.
The December Canadian Dollar was lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, September’s low crossing at 74.28 is the next downside target. Multiple closes above the 20-day moving average crossing at 76.00 are needed to confirm that a short-term low has been posted. First resistance is November’s high crossing at 76.68. Second resistance is the 38% retracement level of the May-September-decline crossing at 77.86. First support is last Friday’s low crossing at 75.05. Second support is September’s low crossing at 74.28.
The December Japanese Yen was slightly lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, the 87% retracement level of August’s rally crossing at .8074 is the next downside target. Closes above the 20-day moving average crossing at .8248 are needed to confirm the a short-term low has been posted. First resistance is the 10-day moving average crossing at .8191. Second resistance is the 20-day moving average crossing at .8248. First support is the 87% retracement of August’s rally crossing at .8074. Second support is August’s low crossing at .7997.
Energy Snapshot
Symbol Last Change %
CRUDE OIL Dec 2015 42.71 -0.22 -0.51%
NY HARBOR ULSD HEATING OIL Jan 2016 1.4698 +0.0026 +0.18%
NATURAL GAS Jan 2016 2.485 +0.033 +1.34%
RBOB GASOLINE Jan 2016 1.3102 -0.0035 -0.27%
POWERSHARES DWA ENERGY MOMENT 39.6580 -0.8275 -2.09%
UNITED STATES GASOLINE 30.6599 -0.6401 -2.09%
ENERGIES
December Nymex crude oil was lower overnight as it extends this week’s decline. If December extends the aforementioned decline, October’s low crossing at 42.58 is the next downside target. Closes above the 20-day moving average crossing at 45.25 would confirm that a short-term low has been posted. First resistance is November’s high crossing at 48.36. Second resistance is October’s high crossing at 51.42. First support is Wednesday’s low crossing at 42.62. Second support is October’s low crossing at 42.58.
December heating oil was higher due to short covering overnight as it consolidates some of the decline off November’s high. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, October’s low crossing at 1.4297 is the next downside target. If December renews the rally off October’s low, October’s high crossing at 166.43 is the next upside target. First resistance is November’s high crossing at 158.16. Second resistance is October’s high crossing at 166.43. First support is October’s low crossing at 142.97. Second support is August’s low crossing at 142.72.
December unleaded gas was lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 133.62 would confirm that a short-term top has been posted. If December renews this month’s rally, the 50% retracement level of the May-August-decline crossing at 150.70 is the next upside target. First resistance is last Wednesday’s high crossing at 147.14. Second resistance is the 50% retracement level of the May-August-decline crossing at 150.70. First support is the reaction low crossing at 129.25. Second support is October’s low crossing at 126.20.
December Henry natural gas was higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 2.397 are needed to confirm that a short-term low has been posted. If December renews the decline off May’s high, weekly support crossing at 2.168 is the next downside target. First resistance is the 20-day moving average crossing at 2.397. Second resistance is last Friday’s high crossing at 2.398. First support is October’s low crossing at 2.188. Second support is weekly support crossing at 2.168.
Food Snapshot
Symbol Last Change %
COCOA Mar 2016 3305 -8 -0.24%
COFFEE Mar 2016 120.00 -0.15 -0.12%
ORANGE JUICE-A Jan 2016 153.65 +3.10 +2.04%
IPATH BLOOMBERG SUGAR TRUST 33.5900 +0.2200 +0.66%
IPATH BLOOMBERG SOFTS TRUST 32.984 -0.115 -0.36%
FOOD & FIBER
December coffee closed higher on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, September’s low crossing at 11.45 is the next downside target. Closes above the 20-day moving average crossing at 12.05 would confirm that a short-term low has been posted.
December cocoa closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October’s low, September’s high crossing at 33.41 is the next upside target. Closes below the 20-day moving average crossing at 32.08 would confirm that a short-term top has been posted.
March sugar closed lower on Wednesday. The low-range close set the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If March renews the rally off August’s low, May’s high crossing at 14.98 is the next upside target. Closes below Monday’s low crossing at 13.93 would confirm that a short-term top has been posted.
December cotton closed higher on Wednesday. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off September’s low, August’s high crossing at 67.00 is the next upside target. If December extends the decline off October’s high, the reaction low crossing at 60.97 is the next downside target.
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Grains Snapshot
Symbol Last Change %
CORN Dec 2015 361.00 -1.25 -0.35%
OATS Dec 2015 237.25 +2.50 +1.05%
WHEAT Dec 2015 496.25 +1.50 +0.30%
TEUCRIUM CORN 21.8400 -0.0600 -0.27%
IPATH BLOOMBERG GRAINS TRUST SUB 31.1097 -0.0503 -0.16%
ELEMENTS MLCX GRAINS INDEX TRUST 4.48 -0.03 -0.69%
SOYBEANS Jan 2016 858.25 -2.50 -0.29%
SOYBEAN (MINI) Jan 2016 858.625 -2.125 -0.25%
SOYBEAN MEAL Dec 2015 292.3 -1.7 -0.58%
TEUCRIUM SOYBEAN 17.2900 +0.0201 +0.12%
GRAINS
December corn was lower overnight. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, psychological support crossing at 3.50 is the next downside target. Closes above the 20-day moving average crossing at 3.75 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 3.75. Second resistance is the reaction high crossing at 3.87 1/2. First support is Tuesday’s low crossing at 3.56. Second support is psychological support crossing at 3.50.
December wheat was higher due to short covering overnight as it consolidates some of this week’s decline. The mid-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week’s decline, October’s low crossing at 4.83 1/4 is the next downside target. Closes above the 10-day moving average crossing at 5.10 1/2 are needed to confirm that a low has been posted. First resistance is October’s high crossing at 5.31 1/2. Second resistance is the 50% retracement level of the June-September-decline crossing at 5.43 1/4. First support is Tuesday’s low crossing at 4.88. Second support is October’s low crossing at 4.83 1/4.
December Kansas City Wheat closed up 3 1/2-cents at 4.64 1/4.
December Kansas City wheat closed higher due to short covering on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes above the reaction high crossing at 5.00 1/4 are needed to confirm that a short-term low has been posted. If December extends the decline off October’s high, weekly support crossing at 4.53 1/2 is the next downside target. First resistance is the reaction high crossing at 5.00 1/4. Second resistance is October’s high crossing at 5.21. First support is Tuesday’s low crossing at 4.55 1/4. Second support is weekly support crossing at 4.53 1/2.
December Minneapolis wheat was higher due to short covering overnight as it consolidates some of this week’s decline. The high-range close sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews this month’s decline, weekly support crossing at 4.77 1/4 is the next downside target. Closes above the reaction high crossing at 5.28 1/4 are needed to confirm that a short-term low has been posted. First resistance is the reaction high crossing at 5.28 1/4. Second resistance is October’s high crossing at 5.44. First support is Tuesday’s low crossing at 4.93 1/4. Second support is weekly support crossing at 4.77 1/4.
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November soybeans were steady due to short covering overnight as it consolidates some of its recent losses. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends this month’s decline, September’s low crossing at 8.53 1/4 is the next downside target. Closes above the 20-day moving average crossing at 8.82 3/4 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 8.82 3/4. Second resistance is October’s high crossing at 9.19 3/4. First support is Tuesday’s low crossing at 8.59 1/4. Second support is September’s low crossing at 8.53 1/4.
December soybean meal was lower overnight. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month’s decline, June’s low crossing at 286.00 is the next downside target. Closes above the 20-day moving average crossing at 302.00 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 297.50. Second resistance is the 20-day moving average crossing at 302.00. First support is Tuesday’s low crossing at 290.20. Second support is June’s low crossing at 286.00.
December soybean oil was lower overnight as it is poised to extend Tuesday’s decline. The low-range close sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, September’s low crossing at 26.18 is the next downside target. Closes above the 20-day moving average crossing at 28.08 would confirm that a short-term low has been posted. First resistance is the 38% retracement level of the June-August-decline crossing at 29.42. Second resistance is the 50% retracement level of the June-August-decline crossing at 30.57. First support is Tuesday’s low crossing at 27.05. Second support is September’s low crossing at 26.18.
Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 17702.22 -55.99 -0.32%
NASDAQ COMPOSITE INDEX (COMBINED) 5067.74 -15.50 -0.31%
S&P 500 CASH 2075.00 -6.72 -0.32%
SPDR S&P 500 207.745 -0.815 -0.39%
iShares RUSSELL 2000 INDEX 117.12 -1.05 -0.90%
U.S. STOCK INDEXES
The December NASDAQ 100 was steady to slightly higher overnight. However, stocks are poised for a cautious open in the day session ahead of a round of appearances by Federal Reserve officials and important energy-supply data that could set the direction for investors. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 4608.93 are needed to confirm that a short-term top has been posted. If December resumes the rally off September’s low, the all-time high crossing at 4884.00 is the next upside target. First resistance is last Wednesday’s high crossing at 4729.75. Second resistance is the all-time high crossing at 4884.00. First support is the 20-day moving average crossing at 4608.93. Second support is the reaction low crossing at 4394.75.
The December S&P 500 was steady to slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 2066.76 are needed to confirm that a short-term top has been posted. If December renews the rally off September’s low, July’s high crossing at 2114.20 is the next upside target. First resistance is last Tuesday’s high crossing at 2110.00. Second resistance is July’s high crossing at 2114.20. First support is the 20-day moving average crossing at 2066.76. Second support is the reaction low crossing at 2008.00.
Interest Snapshot
Symbol Last Change %
T-BONDS Dec 2015 152.12500 +0.09375 +0.06%
iShares FLOATING RATE NOTE 50.42 +0.02 +0.04%
5 YEAR T-NOTES Dec 2015 118.828125 +0.054688 +0.05%
ULTRA T-BONDS Dec 2015 154.90625 +0.31250 +0.20%
POWERSHARES SENIOR LOAN PORTF 22.88 -0.06 -0.26%
INTEREST RATES
December T-bonds were higher overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, the 75% retracement level of the June-August-decline crossing at 149-27 is the next downside target. Closes above the 20-day moving average crossing at 155-26 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 153-22. Second resistance is the 20-day moving average crossing at 155-26. First support is the 62% retracement level of the June-August-decline crossing at 151-29. Second support is the 75% retracement level of the June-August-decline crossing at 149-27.
Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Jan 2016 166.075 +4.500 +2.71%
LEAN HOGS Feb 2016 57.075 +1.925 +3.37%
LIVE CATTLE Dec 2015 131.325 +3.000 +2.28%
IPATH BLOOMBERG LIVESTOCK TRUST S 22.40 -0.52 -2.24%
LIVESTOCK
December hogs closed up $2.62 at $56.17.
December hogs closed sharply higher due to short covering on Wednesday as it consolidates some of the decline off October’s high. The high-range close sets the stage for a steady to higher opening when Thursday’s session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month’s decline, weekly support crossing at 48.80 is the next downside target. Closes above the 20-day moving average crossing at 60.77 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 56.67. Second resistance is the 20-day moving average crossing at 60.77. First support is Tuesday’s low crossing at 52.80. Second support is weekly support crossing at 48.80.
December cattle closed up $3.00 at 131.32.
December cattle closed limit up due to short covering on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday’s session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month’s decline, weekly support crossing at 120.02 is the next downside target. Closes above the 20-day moving average crossing at 139.09 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 139.09. Second resistance is October’s high crossing at 144.72. First support is Tuesday’s low crossing at 127.42. Second support is weekly support crossing at 120.02.
November feeder cattle closed up $3.30 at $174.85.
November Feeder cattle closed sharply higher due to short covering on Wednesday as it consolidated some of this month’s decline. The high-range close sets the stage for a steady to higher opening when Thursday’s session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends this month’s decline, October’s low crossing at 169.10 is the next downside target. Closes above the 20-day moving average crossing at 187.47 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 186.86. Second resistance is the 20-day moving average crossing at 187.47. First support is Tuesday’s low crossing at 170.37. Second support is October’s low crossing at 169.10.
Metals Snapshot
Symbol Last Change %
GOLD Dec 2015 1084.1 -0.8 -0.07%
SPDR GOLD SHARES 103.81 -0.37 -0.36%
SILVER Dec 2015 14.345 +0.082 +0.57%
PALLADIUM Dec 2015 576.10 -0.90 -0.16%
DIREXION DAILY GOLD MINERS BEA 20.394 -0.696 -3.42%
POWERSHARES DB PRECIOUS METALS 33.10 -0.14 -0.42%
PRECIOUS METALS
December gold was lower overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, July’s low crossing at 1073.70 is the next downside target. Closes above the 20-day moving average crossing at 1136.00 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1103.50. Second resistance is the 20-day moving average crossing at 1136.00. First support is the overnight low crossing at 1082.80. Second support is July’s low crossing at 1073.70.
December silver was slightly higher due to short covering overnight as it consolidates some of the decline off October’s high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, August’s low crossing at 13.950 is the next downside target. Closes above the 20-day moving average crossing at 15.359 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 14.833. Second resistance is the 20-day moving average crossing at 15.359. First support is Wednesday’s low crossing at 14.230. Second support is August’s low crossing at 13.950.
December copper was lower overnight as it extends this month’s decline. Stochastics and the RSI are oversold but remain neutral to bearish again signaling that sideways to lower prices are possible near-term. If December extends the decline off October’s high, monthly support crossing at 210.43 is the next downside target. Closes above the 20-day moving average crossing at 231.38 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 226.42. Second resistance is the 20-day moving average crossing at 231.38. First support is the overnight low crossing at 218.70. Second support is monthly support crossing at 210.43.
Top Stocks
# symbol name last net % volume score triangles
1. BAC BANK of AMERICA CORP 17.745 -0.105 -0.59% 57,255,826 +90 Green Daily 16.290000 2015-10-23 Green Weekly 16.020000 2015-10-15 Green Monthly 18.070000 2015-11-06 Entry Signal
2. SIRI SIRIUS XM HOLDINGS INC COMMON 4.12 -0.02 -0.49% 30,958,735 +90 Green Daily 4.140000 2015-11-11 Green Weekly 3.910000 2015-10-06 Green Monthly 4.010000 2015-10-20 Entry Signal
3. FB FACEBOOK 109.07 +1.16 +1.06% 24,560,047 +90 Green Daily 108.740000 2015-11-11 Green Weekly 96.490000 2015-10-16 Green Monthly 99.240000 2015-10-20 Entry Signal
4. RNDY ROUNDYS 3.575 +1.395 +39.08% 14,648,162 +90 Green Daily 2.350000 2015-11-11 Green Weekly 2.480000 2015-11-11 Green Monthly 2.880000 2015-11-11 Entry Signal
5. SPHS SOPHIRIS BIO 3.2049 +0.3049 +9.53% 12,096,443 +100 Green Daily 0.910000 2015-11-10 Green Weekly 0.900000 2015-11-04 Green Monthly 1.130000 2015-11-10
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