Tuesday, October 18, 2022 

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%

                       Ret Sales Mo-to-Date, Y/Y% (previous +8.3%)

                       Latest Wk, Y/Y% (previous +8.3%)

9:15 AM ET. September Industrial Production & Capacity Utilization

                       Industrial Production, M/M% (previous -0.2%)

                       Capacity Utilization % (previous 80.0%)

                       Capacity Utilization, Net Chg (Pts) (previous -0.2)

10:00 AM ET. October NAHB Housing Market Index

                       Housing Mkt Idx (previous 46)

4:00 PM ET. August Treasury International Capital Data

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls) (previous +7.1M)

                       Gasoline Stocks, Net Chg (Bbls) (previous +2.0M)

                       Distillate Stocks, Net Chg (Bbls) (previous -4.6M)

Wednesday, October 19, 2022  

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx (previous 214.3)

                       Composite Idx, W/W% (previous -2.0%)

                       Purchase Idx-SA (previous 170.5)

                       Purchase Idx-SA, W/W% (previous -2.1%)

                       Refinance Idx (previous 423.2)

                       Refinance Idx, W/W% (previous -1.8%)

8:30 AM ET. September New Residential Construction - Housing Starts and Building Permits

                       Total Starts (previous 1.575M)

                       Housing Starts, M/M% (previous +12.2%)

                       Building Permits (previous 1.517M)

                       Building Permits, M/M% (previous -10.0%)

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl) (previous 439.082M)

                       Crude Oil Stocks, Net Chg (Bbl) (previous +9.879M)

                       Gasoline Stocks (Bbl) (previous 209.482M)

                       Gasoline Stocks, Net Chg (Bbl) (previous +2.022M)

                       Distillate Stocks (Bbl) (previous 106.063M)

                       Distillate Stocks, Net Chg (Bbl) (previous -4.853M)

                       Refinery Usage (previous 89.9%)

                       Total Prod Supplied (Bbl/day) (previous 19.271M)

                       Total Prod Supplied, Net Chg (Bbl/day) (previous -1.56M)

Thursday, October 20, 2022 

8:30 AM ET. October Philadelphia Fed Business Outlook Survey

                       Business Activity (previous -9.9)

                       Prices Paid (previous 29.8)

                       Employment (previous 12.0)

                       New Orders (previous -17.6)

                       Prices Received (previous 29.6)

                       Delivery Times (previous -18.2)

                       Inventories (previous -4.8)

                       Shipments (previous 8.8)

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (previous 228K)

                       Jobless Claims, Net Chg (previous +9K)

                       Continuing Claims (previous 1368000)

                       Continuing Claims, Net Chg (previous +3K)

8:30 AM ET. U.S. Weekly Export Sales

10:00 AM ET. September Existing Home Sales

                       Existing Sales (previous 4.80M)

                       Existing Sales, M/M% (previous -0.4%)

                       Unsold Homes Month's Supply (previous 3.2)

                       Median Price (USD) (previous 389500)

                       Median Home Price, Y/Y% (previous +7.7%)

10:00 AM ET. September Leading Indicators

                       Leading Index, M/M% (previous -0.3%)

                       Leading Index

                       Coincident Index, M/M% (previous +0.1%)

                       Lagging Index, M/M% (previous +0.7%)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 3231B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +125B

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

Friday, October 21, 2022  

10:00 AM ET. September State Employment and Unemployment

Monday, October 24, 2022   

0830/1230  September CFNAI Chicago Fed National Activity Index

                       NAI (previous 0.00)

                       NAI, 3-mo Moving Avg (previous 0.01)

0945/1345  October US Flash Manufacturing PMI

                       PMI, Mfg (previous 51.8)

0945/1345  October US Flash Services PMI

                       PMI, Services (previous 49.2)

Tuesday, October 25, 2022 

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%

                       Ret Sales Mo-to-Date, Y/Y%

                       Latest Wk, Y/Y%

9:00 AM ET. August U.S. Monthly House Price Index

9:00 AM ET. August S&P CoreLogic Case-Shiller Indices

                       10-City Idx, M/M% (previous -0.8%)

                       10-City Idx, Y/Y% (previous +14.9%)

                       20-City Idx, M/M% (previous -0.8%)

                       20-City Idx, Y/Y% (previous +16.1%)

                       National Idx, M/M% (previous -0.3%)

                       National Idx, Y/Y% (previous +15.8%)

10:00 AM ET. October Richmond Fed Business Activity Survey

                       Mfg Idx (previous 0)

                       Shipments Idx (previous 14)

10:00 AM ET. October Consumer Confidence Index

                       Cons Conf Idx (previous 108)

                       Expectation Idx

                       Present Situation Idx (previous 149.6)

1:00 PM ET. September Money Stock Measures

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)

The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes

The STOCK INDEXES: The December NASDAQ 100 was higher overnight as it consolidates some of the decline off August's high. Overnight trading sets the stage for a higher opening when the day session begins trading.Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the October 6^th high crossing at 11,729.75 would signal that a short-term low has been posted. If December resumes the decline off August's high, monthly support crossing at 10,027.00 is the next downside target. First resistance is the October 6^th high crossing at 11,729.75. Second resistance is the September 21^st high crossing at 12,140.50. First support is last-Thursday's low crossing at 10,484.75. Second support is monthly support crossing at 10,027.00.

The December S&P 500 was gapped up and was higher overnight as it extended the rally off last-Thursday's low. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the October 5^th high crossing at 3820.00 would signal that a short-term low has been posted. If December extends the decline off August's high, the 50% retracement level of the 2020-2022 rally on the monthly continuation chart crossing at 3491.65 is the next downside target. First resistance is the October 5^th high crossing at 3820.00. Second resistance is the September 20^th high crossing at 3936.25. First support is last-Thursday's low crossing at 3502.00. Second support is the 50% retracement level of the 2020-2022 rally on the monthly continuation chart crossing at 3491.65.

INTEREST RATES http://quotes.ino.com/ex changes/?c=interest"

INTEREST RATES: December T-bonds were steady to higher overnight as it extends last-week's trading range. Overnight trading sets the stage for a steady to higher 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 August's high, monthly support crossing at 118-21 is the next downside target. Closes above the October 4^th high crossing at 129-12 would signal that a short-term low has been posted. First resistance is the October 4^th high crossing at 129-12. Second resistance is the 50-day moving average crossing at 131-31. First support is last-Thursday's low crossing at 122-28. Second support is monthly support crossing at 118-21.

December T-notes was higher overnight as it extends last-week's trading range. Overnight trading sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If December extends the decline off August's high, the 75% retracement level of the 2000-2020 rally on the monthly continuation chart crossing at 105.157 is the next downside target. Closes above the October 4^th high crossing at 113.300 would signal that a short-term low has been posted. First resistance is the October 4^th high crossing at 113.300. Second resistance is the 50-day moving average crossing at 115.005. First support is last-Thursday's low crossing at 110.020. Second support is the 75% retracement level of the 2000-2020 rally on the monthly continuation chart crossing at 105.157. 

ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""

ENERGIES:December crude oil was steady to slightly lower overnight and sets the stage for a steady to lower 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. Closes below the 20-day moving average crossing at $83.87 would signal that a short-term top has been posted. If December resumes the rally off September's low, August's high crossing at $95.55 is the next upside target. First resistance is the October 10^th high crossing at $92.34. Second resistance is August's high crossing at $95.55. First support is the 20-day moving average crossing at $83.87. Second support is September's low crossing at $75.70.

December heating oil was steady to slightly higher overnight as it extends the rally off last-Tuesday's low. Overnight trading sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, August's high crossing at 3.8939 is the next upside target. Closes below the 20-day moving average crossing at $3.4241 would signal that a short-term top has been posted. First resistance is the October 10^th high crossing at $3.8315. Second resistance is August's high crossing at $3.8939. First support is last-Tuesday's low crossing at $3.5028. Second support isthe 20-day moving average crossing at $3.4241.

December unleaded gas was steady to slightly lower overnight and sets the stage for a slightly lower 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. Closes below the 20-day moving average crossing at $2.4125 would signal that a short-term top has been posted while opening the door for additional weakness near-term. If December renews the rally off September's low, the July 29^th high crossing at $2.7536 is the next upside target. First resistance is the October 10^th high crossing at $2.6185. Second resistance is the July 29^th high crossing at $2.7536. First support is the 20-day moving average crossing at $2.4125. Second support is the September 30^th low crossing at $2.2402.

December Henry natural gas was lower overnight as it extends the decline off August's high. Overnight weakness sets the stage for a 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 August's high, the 87% retracement level of the June-August rally crossing at 6.185 is the next downside target. Closes above the October 5^th high crossing at 7.352 are needed to confirm that a short-term low has been posted. First resistance is the October 5^th high crossing at 7.352. Second resistance is the 50-day moving average crossing at 8.151. First support is the 87% retracement level of the June-August rally crossing at 6.185. Second support is July's low crossing at 5.599.    

CURRENCIEShttp://quotes.ino.com/ex changes/?c=currencies"

CURRENCIES:The December Dollar was steady to higher overnight. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that a sideways to lower prices are possible near-term. If December renews the decline off September's high, the 50-day moving average crossing at $109.835 is the next downside target. If December resumes the rally off September's low, September's high crossing at $114.745 is the next upside target.First resistance is September's high crossing at $114.745. Second resistance is monthly resistance crossing at $114.782. First support is the 50-day moving average crossing at $109.835. Second support is September's low crossing at $107.450.

The December Euro was steady to slightly lower overnight and sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the October 4^th high crossing at $1.00545 are needed to confirm that a short-term low has been posted. If December resumes the decline off the October 4^th high September's low crossing at $0.95920 is the next downside target. First resistance is the October 4^th high crossing at $1.00545. Second resistance is September's high crossing at $1.02650. First support is last-Thursday's low crossing at $0.96750. Second support is September's low crossing at $0.95920.

The December British Pound was lower overnight and sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50-day moving average crossing at 1.1515 is the next upside target. If December renews the decline off the October 5^th high, September's low crossing at 1.0392 is the next downside target. First resistance is the 50-day moving average crossing at 1.1515. Second resistance is September's high crossing at 1.1759. First support is last-Wednesday's low crossing at 1.0937. Second support is September's low crossing at 1.0392.  

The December Swiss Franc was steady to lower overnight and sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are oversold and are turning neutral to bullish signaling that sideways to higher possible near-term. Closes above the 20-day moving average crossing at 1.01840 would signal that a short-term low has been posted. If December extends the decline off September's high, the 87% retracement level of the 2016-2021 rally on the monthly continuation chart crossing at 0.98980 is the next downside target. First resistance is the 20-day moving average crossing at 1.01840. Second resistance is the 50-day moving average crossing at 1.03659. First support is last-Thursday's low crossing at 0.99925. Second support is the 87% retracement level of the 2016-2021 rally on the monthly continuation chart crossing at 0.98980.

The December Canadian Dollar was lower overnight as it consolidates above support marked by the 75% retracement level of the 2020-2021 rally crossing at $72.14. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the October 4^th high crossing at $74.09 are needed to confirm that a short-term low has been posted. If December renews the decline off April's high, the 87% retracement level of the 2020-2021 rally crossing at $70.24 is the next downside target. First resistance is the October 4^th high crossing at $74.09. Second resistance is the September 20^th high crossing at $75.62. First support is the 75% retracement level of the 2020-2021 rally crossing at $72.14. Second support is the 87% retracement level of the 2020-2021 rally crossing at $70.24.

The December Japanese Yen was steady to slightly lower overnight as it extends this year's decline. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this year's decline, is long-term support crossing at 0.065720 is the next downside target. Closes above the 20-day moving average crossing at 0.069343 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 0.069343. Second resistance is the September 22^nd high crossing at 0.071895. First support is the overnight low crossing at 0.067440. Second support is long-term support crossing at 0.065720. 

PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals"

PRECIOUS METALS: Decembergold was lower overnight. Overnight trading sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off the October 4^th high, September's low crossing at $1622.20 is the next downside target. Closes above the October 4^th high crossing at $1738.70 would signal that a short-term low has been posted. First resistance is the October 4^th high crossing at $1738.70. Second resistance is the August 25^th high crossing at $1778.80. First support is September's low crossing at $1622.20. Second support is the 62% retracement level of the 2016-2020 rally on the weekly chart crossing at $1610.30.

December silver was steady to slightly lower overnight. The overnight trade sets the stage for a lower opening when the day session begins trading later this morning. 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 September's high, the September 28^th low crossing at $17.895 is the next downside target. Closes above the 10-day moving average crossing at $19.389 would temper the near-term bearish outlook. First resistance is the 10-day moving average crossing at $19.389. Second resistance is the 38% retracement level of the March-August decline crossing at $21.248. First support is the September 28^th low crossing at $17.895. Second support is the September low crossing at 17.400.  

December copper was lower overnight as it extends this month's trading range. The low-range trade overnight sets the stage for a steady to lower 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 the decline off August's high, September's low crossing at 3.2430 is the next downside target. Closes above the October 6^th high crossing at 3.5930 would confirm that a short-term low has been posted. First resistance is the October 6^th high crossing at 3.5930. Second resistance is the September 13^th high crossing at 3.6925. First support is September's low crossing at 3.2430. Second support is July's low crossing at 3.1355.

GRAINS http://quotes.ino.com/ex changes/?c=grains

December corn was lower overnight as it extends the decline off last-Monday's high. Overnight trading sets the stage for a lower opening when the day sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $6.66 3/4 would open the door for a possible test of September's low crossing at $6.54. If December resumes the rally off July's low, the 75% retracement level of the May-July decline crossing at $7.15 is the next upside target. First resistance is last-Monday's high crossing at $7.06 1/2. Second resistance is the 75% retracement level of the May-July decline crossing at $7.15. First support is the October 7^th low crossing at $6.71 1/2. Second support is the 50-day moving average crossing at $6.66 3/4. 

December wheat was lower overnight as it extends the decline off last-Monday's high. Overnight trading sets the stage for a 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. Closes below the 50-day moving average crossing at $8.49 1/4 would open the door for a test of the September 19^th low crossing at $8.19 1/4. If December renews the rally off August's low, the 50% retracement level of the May-August decline crossing at $10.15 is the next upside target. First resistance is the 38% retracement level of the May-August decline crossing at $9.50 1/2. Second resistance is the 50% retracement level of the May-August decline crossing at $10.15. First support is the 50-day moving average crossing at $8.49 1/4. Second support is the September 19^th low crossing at $8.19 1/4.   

December Kansas City wheat was lower overnight as it extends the decline off last-Monday's high and sets the stage for a lower opening when the day session begins trading later this morning. 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 last-Monday's high, the 50-day moving average $9.24 1/4 is the next downside target. If December renews the rally off August's low, the 50% retracement level of the May-August decline crossing at $10.93 1/2 is the next upside target. First resistance is the 38% retracement level of the May-August decline crossing at $10.26 3/4. Second resistance is the 50% retracement level of the May-August decline crossing at $10.93 1/2. First support is the 50-day moving average $9.24 1/4. Second support is the September 19^th low crossing at $8.96 1/4.

December Minneapolis wheat was lower overnight as it extends the decline off last-Monday's high. Overnight trading sets the stage for a 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 last-Monday's high, the 50-day moving average crossing at $9.35 3/4 is the next downside target. If December renews the rally off August's low, the July 11^th high crossing at $10.56 1/4 is the next upside target. First resistance is last-Monday's high crossing at $10.24 1/4. Second resistance is the July 11^th high crossing at $10.56 1/4. First support is the 50-day moving average crossing at $9.35 3/4. Second support is the September 19^th low crossing at $9.06 1/2. 

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains " 

November soybeans were lower overnight and sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral signaling that sideways to lower prices are possible near-term. If November renews the decline off September's high, July's low crossing at $12.88 1/2 is the next downside target. Closes above the 50-day moving average crossing at $14.16 3/4  would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at $14.16 3/4. Second resistance is the September 21^st high crossing at $14.88 3/4. First support is the October 6^th low crossing at $13.50. Second support is July's low crossing at $12.88 1/2.

December soybean meal was lower overnight as it consolidates some of the rally off October's low. The low-range overnight trade sets the stage for a lower opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Wednesday's high crossing at $418.80 are needed to confirm that a short-term low has been posted while opening the door for additional gains near-term. Closes below the 10-day moving average crossing at $405.90 would temper the near-term friendly outlook while opening the door for additional weakness near-term. First resistance is last-Wednesday's crossing at $418.80. Second resistance is the 62% retracement level of the September-October decline crossing at $424.00. First support is the 10-day moving average crossing at $405.90. Second support is the October 7^th low crossing at $391.90.   

December soybean oil was higher overnight as it resumes the rally off September's low. Overnight trading sets the stage for a higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 62% retracement level of the June-July decline crossing at 69.84 is the next upside target. Closes below last-Thursday's low crossing at 64.05 would signal that a short-term top has been posted. First resistance is the August 12^th high crossing at 68.16. Second resistance is the 62% retracement level of the June-July decline crossing at 69.84. First support is September's low crossing at 60.75. Second support is the August 4^th low crossing at 60.20.