Please be Advised
The "Futures Insights" blog will
not be published from
03.24.11 thru 04.04.11
We will be on Spring Break
Thursday, March 24, 2011
Wednesday, March 23, 2011
03.23.11 Market wrap
Economic Data
MBA Purchase Applications
| Purchase Index - W/W Change | Prev -4.0 % | Act 2.7 % |
| Refinance Index - W/W Change | 0.9 % | 2.7 % |
| Composite Index - W/W Change | -0.7 % | 2.7 % |
The purchase index is below the year-end level but shows signs of stabilizing. The average 30 yr mortgage rate is 4.8%.
New Home Sales
| New Home Sales - Level - | Prev 284 K | Rev 329 K | Est 290 K | Range 240 K to 305 K | Act 250 K |
Home sales fell 16.9% last month. The median price dropped 13.9% to $202,100
There is a 8.9 month supply of new homes on the market
EIA Petroleum Supply Report
Market Activity
Metals+1.93%
SI +3.01% HG +2.85% PA +1.76% PL +1.16% GC +0.89%
Traders note that silver is influenced by the same factors that are driving gold to record highs but that it is a lot less expensive
Indices+0.55%
DOW +0.64% NQ +0.61% Russell 2K +0.50% ES +0.45% Midcap -0.01% VIX -4.19%
Energies+0.44%
NG +2.00% CL +0.59% RB +0.39% Ethanol -0.20% HO -0.67%
The combination of colder weather, warnings of supply disruptions in the Mid-East and increased Japanese demand drove natural gas higher
Financials -0.03%
ED -0.01% TU-0.02% FV-0.04% TY -0.09% US-0.15%
Currencies -0.13%
USD +0.47% AD+0.35% JY+0.06% MP unch CD -0.08% EC-0.54% SF- .57% BP -0.80%
Grains -0.69%
RR +1.37% BO -0.68% O -0.73% C -0.84% S -1.04% W -1.11% SM-1.75%
Softs -0.99%
OJ +0.82% CC -0.37% LB -0.48% KC -1.77% CT -1.99% SB -2.14%
Mexican sugar output is up 24% from the same period last year.
Tuesday, March 22, 2011
03.22.11 Market Wrap
Economic Data
ICSC-Goldman Store Sales
Store Sales - W/W change | Prior 0.1 % | Actual -0.1 % |
Store Sales - Y/Y | 3.1 % | 3.0 % |
Redbook Same Store Sales
Store Sales Y/Y change | Prior 2.0 % | Actual 2.4 % |
Market Activity
Energies +0.62%
NG +2.11% CL +1.65% HO +0.60% Ethanol +0.04% RB +0.01%
CHINESE OIL DEMAND
NG sees short-covering as the market trades through 50d & 100d moving averages See charts
 |
| NGJ11 |
Softs +0.13%
CT +3.52% CC +2.32% OJ +0.09% SB -1.16% KC -1.28% LB -3.09%
Rising violence in the Ivory Coast
Currencies +0.12%
AD +0.51% BP +0.36% SF +0.17% JY +0.17% USD +0.03% MP -0.09% EC -0.13% CD -0.13%
Metals +0.12%
SI +0.80% HG +0.56% GC -0.10% PL -0.21% PA-0.42%
Financials -0.08%
ED -0.01% TU -0.03% US
Grains -0.36%
RR -0.04% W -0.07% S -0.07% SM -0.14% BO -0.27% C -0.29% O -2.00%
Indices -0.40%
NQ -0.11% DOW -0.13% ES -0.35% VIX -0.46% Midcap -0.65% Russell 2K -0.68%
 |
| SPX |
 |
| VIX |
THE 50d MA providing overhead resistance in the SPX, while the same MA is supporting the VIX index
Monday, March 21, 2011
03.21.11 Wrap
Economic Data
| Existing Home Sales Existing Home Sales - Level - | Prior 5.36 M | Revised 5.40 M | Est 5.150 M | Range 5.000 M to 5.230 M | Actual 4.88 M |
| Existing Home Sales - M/M Change | 2.7 % | 3.4 % | | | -9.6 % |
| Existing Home Sales - Yr/Yr Change | 5.3 % | | | | -2.8 % |
Home sales fell 10% last month and are down 2.8% y-o-y. Both single-family and condo sales declined. Existing Home sales peaked in 2005. Distressed sales were 39% of sales transaction. 33% of sales were cash transactions.. In February, the median price fell 1.1% to $156k.
Market Activity
Indices +1.70% Story from Reuters
Midcap +1.97% Russell 2K +1.96% NQ +1.78% ES+1.43% Mini Dow +1.40% VIX -7.49%
Metals +1.13%
SI +3.04% PA +2.02% PL +1.31% GC +0.82% HG -1.23%
Energies +0.68%
RB +1.58% CL +1.22% HO +0.99% Ethanol +0.04% NG -0.31%
Currencies +0.35%
AD +0.94% CD +0.79% MP +0.70% BP+0.60% EC +0.49% JY-0.14% SF -0.38% USD -0.41%
Grains +0.20%
RR +1.47% C+0.44% BO +0.20% S +0.04% W-0.28% SM -0.41% O -0.57%
Financials -0.25%
ED -0.01% TU -0.09% US
Softs -0.32%
CC +1.98% KC +0.29% LB unch CT -0.08% SB -0.83% OJ -3.30%
Charts
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