Key Market Reports and Commentary for Thursday 31/10/2013

Morning Markets Report
Prepared on Thursday, October 31, 2013

Copyright 2013 INO.com. All Rights Reserved.

Summary
The Dow Future has retreated 23 points to 15530. The US Dollar Index climbed 0.242 points to 79.982. Gold has slipped 4.17 dollars to 1334.60. Silver is dropping 0.1206 dollars to 22.2800. The Dow Industrials retreated 61.59 points, at 15618.76, while the S&P 500 slipped 8.64 points, last seen at 1763.31. The Nasdaq Composite softened 22.68 points to 3929.66. Streaming charts of these markets are available 24/7 at MarketClub

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Key Events for Thursday

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

Corn, In Metric Tons (previous 1341.4K)

Soybeans, In Metric Tons (previous 947.8K)

Wheat, In Metric Tons (previous 653.6K)

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

Weekly Jobless Claims (expected 335K; previous 350K)

Weekly Jobless Claims Net Change (previous -12K)

Cont Jobless Claims (prior week) (previous 2874000)

Cont Jobless Claims Net Chg (prior week) (previous -8K)

9:45 AM ET. Oct ISM-Chicago Business Survey – Chicago PMI

Employment Index (previous 53.2)

New Orders Index (previous 58.9)

Prices Paid Index (previous 57.1)

Purchasing Managers Index (Adjusted) (expected 55; previous 55.7)

Supplier Deliveries Index (previous 53.7)

9:45 AM ET. Bloomberg Consumer Comfort Index

10:00 AM ET. DJ-BTMU U.S. Business Barometer

DJ-BTMU Business Barometer (previous -0.4%)

DJ-BTMU Business Barometer (52 Wk) (previous -0.1%)

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

Total Working Gas in Storage (previous 3741B)

Total Working Gas in Storage (Net Change) (previous +87B)

1:00 PM ET. Oct Dow Jones Economic Sentiment Indicator

DJ Economic Sentiment Indicator (previous 48.9)

3:00 PM ET. Oct Agricultural Prices

Farm Prices, M/M (previous -2.1%)

4:00 PM ET. U.S. portfolio holdings of foreign securities final results

4:30 PM ET. Money Stock Measures

4:30 PM ET. Federal Discount Window Borrowings

4:30 PM ET. Foreign Central Bank Holdings


 

Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 79.982 +0.242 +0.31%
POWERSHARES DB US DOLLAR INDEX 21.485 +0.045 +0.21%
US Dollar/Canadian Dollar 1.04573 -0.00181 -0.17%
Euro/US Dollar 1.36547 -0.00763 -0.56%
JAPANESE YEN Dec 2013 0.010181 +0.000035 +0.34%
SWISS FRANC Dec 2013 1.1074 -0.0042 -0.38%

CURRENCIES

The December Dollar closed higher on Thursday as it extends the rebound off last week’s low. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 79.91 are needed to confirm that a short-term low has been posted. If September renews this month’s decline, weekly support crossing at 78.92 is the next downside target. First resistance is the 20-day moving average crossing at 79.91. Second resistance is October’s high crossing at 80.86. First support is this month’s low crossing at 79.06. Second support is weekly support crossing at 78.92.

The December Euro closed lower on Thursday and below the 10-day moving average crossing at 137.50. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 136.54 are needed to confirm that a short-term top has been posted. First resistance is last Friday’s high crossing at 138.34. Second resistance is weekly resistance crossing at 140.00. First support is the 20-day moving average crossing at 136.54. Second support is October’s low crossing at 134.75.

The December British Pound closed lower on Thursday as it extends this week’s decline. The mid-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week’s decline, October’s low crossing at 1.5886 is the next downside target. Closes above the 10-day moving average crossing at 1.6142 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.6142. Second resistance is October’s high crossing at 1.6252. First support is October’s low crossing near 1.5886. Second support is the 38% retracement level of the July-October rally crossing at 1.5698.

The December Swiss Franc closed lower on Thursday as it extends this week’s decline. The mid-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at .11084 would confirm that a short-term top has been posted. If December extends this month’s decline, weekly resistance crossing at .11616 is the next upside target. First resistance is October’s high crossing at .11253. Second resistance is weekly resistance crossing at .11616. First support is the 20-day moving average crossing at .11085. Second support is October’s low crossing at .10900.

The December Canadian Dollar closed lower on Thursday as it extends this month’s decline. The low-range close sets the stage for a steady to lower opening when Friday’s night 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 September’s high, the 75% retracement level of the July-September rally crossing at 94.92 is the next downside target. Closes above the 20-day moving average crossing at 96.32 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 96.32. Second resistance is the reaction high crossing at 97.99. First support is the 75% retracement level of the July-August rally crossing at 94.92. Second support is the 87% retracement level of the July-August rally crossing at 94.41.

The December Japanese Yen closed lower on Thursday as it extended the decline off October’s high. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off this month’s high, the reaction low crossing at .10104 is the next downside target. Closes above the 20-day moving average crossing at .10226 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at .10226. Second resistance is this month’s high crossing at .10357. First support is the reaction low crossing at .10104. Second support is the reaction low crossing at .10037.


 

Energy Snapshot
Symbol Last Change %
CRUDE OIL Dec 2013 96.84 +0.07 +0.07%
NY HARBOR ULSD HEATING OIL Dec 2013 2.9820 +0.0052 +0.17%
NATURAL GAS Jan 2014 3.730 +0.019 +0.51%
RBOB GASOLINE Dec 2013 2.6122 -0.0094 -0.36%
POWERSHARES DYNAMIC ENERGY 53.9500 -0.2945 -0.55%
UNITED STATES GASOLINE 56.27 +0.70 +1.25%

ENERGIES

December crude oil closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the decline off August’s high, the 62% retracement level of the April-August rally crossing at 94.74 is the next downside target. Closes above the 20-day moving average crossing at 100.54 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 100.54. Second resistance is the reaction high crossing at 103.15. First support is last week’s low crossing at 95.95. Second support is the 62% retracement level of the April-August rally crossing at 94.74.

December heating oil closed higher on Thursday as it extended the rally off last week’s low. The high-range close sets the stage for a steady to higher opening when Friday’s trading begins. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 299.33 would confirm that a short-term low has been posted. If December renews the decline off August’s high, the 75% retracement level of the April-August rally crossing at 288.19 it the next downside target. First resistance is the 20-day moving average crossing at 299.32. Second resistance is the reaction high crossing at 307.30. First support is the 75% retracement level of the April-August rally crossing at 287.66. Second support is the 87% retracement level of the April-August rally crossing at 282.05.

December unleaded gas closed higher on Thursday as it extended the rally off October’s low. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 262.10 would confirm that a short-term low has been posted. If December renews the decline off August’s high, the 87% retracement level of the April-August rally crossing at 247.66 is the next downside target. First resistance is the 20-day moving average crossing at 262.10. Second resistance is October’s high crossing at 270.63. First support is the 75% retracement level of the April-August rally crossing at 253.78. Second support is the 87% retracement level of the April-August rally crossing at 247.66.

December Henry natural gas closed lower on Thursday as it extends this month’s decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are becoming oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month’s decline, August’s low crossing at 3.469 is the next downside target. Closes above the 20-day moving average crossing at 3.796 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 3.796. Second resistance is October’s high crossing at 4.000. First support is today’s low crossing at 3.610. Second support is August’s low crossing at 3.469.


 

Food Snapshot
Symbol Last Change %
COCOA Dec 2013 2679 +19 +0.71%
COFFEE Dec 2013 106.90 +0.05 +0.05%
ORANGE JUICE-A Jan 2014 119.10 +0.90 +0.76%
IPATH DJ-UBS SUGAR TRUST 62.8100 -1.3800 -2.21%
IPATH DJ-UBS SOFTS TRUST 46.36 +0.32 +0.70%

FOOD & FIBER

December coffee closed higher due to short covering on Thursday. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews this summer’s decline, monthly support crossing at 10.21 is the next downside target. Closes above the 20-day moving average crossing at 11.30 are needed to confirm that a low has been posted.

December cocoa closed slightly higher due to short covering on Thursday. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week’s decline, the reaction low crossing at 25.61 is the next downside target. Closes above the 10-day moving average crossing at 27.10 would confirm that a short-term low has been posted.

March sugar closed lower on Thursday as it extends the decline off October’s high. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October’s high, the 75% retracement level of the July-October rally crossing at 18.01 is the next downside target. Closes above the 10-day moving average crossing at 19.03 would confirm that a short-term low has been posted.

December cotton closed lower on Thursday extending the decline off October’s high. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are oversold but remain bearish signaling that sideways to lower prices are possible near-term. If December extends this month’s decline, the 75% retracement level of the 2012-2013 rally crossing at 76.61 is the next downside target. Closes above the 20-day moving average crossing at 82.44 would confirm that a short-term low has been posted.


 

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Grains Snapshot
Symbol Last Change %
CORN Dec 2013 435.25 +5.00 +1.16%
OATS Dec 2013 333.25 -1.75 -0.53%
WHEAT Dec 2013 676.00 +1.00 +0.15%
TEUCRIUM CORN 32.47 -0.21 -0.65%
IPATH DJ-UBS GRAINS TRUST 45.470 -0.130 -0.29%
ELEMENTS MLCX GRAINS INDEX TRUST 6.1500 +0.0200 +0.33%
SOYBEANS Jan 2014 1284.75 +8.25 +0.65%
SOYBEAN (MINI) Jan 2014 1284.50 +8.00 +0.63%
SOYBEAN MEAL Dec 2013 414.8 +3.0 +0.73%
TEUCRIUM SOYBEAN 23.0501 +0.0901 +0.39%

GRAINS

December Corn closed down 1 3/4-cents at 4.30 1/4.

December corn closed lower on Thursday and is poised to extend this fall’s low. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August’s high, the 2010 low crossing at 4.01 is the next downside target. Closes above the reaction high crossing at 4.49 3/4 would temper the near-term bearish outlook. First resistance is the reaction high crossing at 4.49 3/4. Second resistance is the reaction high crossing at 4.62. First support is Tuesday’s low crossing at 4.28 1/4. Second support is the 2010 low crossing at 4.01.

December wheat closed down 6 1/4-cents at 6.75.

December wheat posted a key reversal down on Thursday extending the decline off October’s high. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week’s decline, the 62% retracement level of the August-October rally crossing at 6.64 3/4 is the next downside target. Closes above the 10-day moving average crossing at 6.91 3/4 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 6.91 3/4. Second resistance is October’s high crossing at 7.11 1/4. First support is the 50% retracement level of the August-October rally crossing at 6.64 3/4. Second support is the 62% retracement level of the August-October rally crossing at 6.64 3/4.

December Kansas City Wheat closed down 4-cents at 7.47 3/4.

December Kansas City wheat closed lower on Thursday as it extends this week’s decline. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends this week’s decline, the 38% retracement level of the September-October rally crossing at 7.39 is the next downside target. Closes above the 10-day moving average crossing at 7.58 3/4 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 7.58 3/4. Second resistance is October’s high crossing at 7.70 3/4. First support is the reaction low crossing at 7.44. Second support is the 38% retracement level of the September-October rally crossing at 7.39.

December Minneapolis wheat closed down 4 1/2-cents at 7.32.

December Minneapolis wheat closed lower on Thursday as it extends this week’s decline. The low-range close sets the stage for a steady to lower opening when Friday’s night 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 week’s decline, the reaction low crossing at 7.27 is the next downside target. Closes above the 20-day moving average crossing at 7.49 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 7.49. Second resistance is October’s high crossing at 7.66. First support is today’s low crossing at 7.31 1/2. Second support is the reaction low crossing at 7.27.

SOYBEAN

COMPLEX

November soybeans closed up 8 1/2-cents at 12.87 1/2.

November soybeans closed higher due to short covering on Thursday. Today’s high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off August’s high, the 62% retracement level of the August-September rally crossing at 12.56 is the next downside target. Closes above the 10-day moving average crossing at 12.94 3/4 would confirm that a low has been posted. First resistance is the 10-day moving average crossing at 12.94 3/4. Second resistance is October’s high crossing at 13.18 3/4. First support is October’s low crossing at 12.61 3/4. Second support is the 62% retracement level of the August-September rally crossing at 12.56 1/2.

December soybean meal closed up $0.10 at 411.80.

December soybean meal closed higher on Thursday. The mid-range close sets the stage for a steady opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off September’s high, the 50% retracement level of the April-September rally crossing at 390.60 is the next downside target. Multiple closes above the 10-day moving average crossing at 416.30 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 416.30. Second resistance is October’s high crossing at 428.10. First support is the 50% retracement level of the April-September rally crossing at 390.60. Second support is the 62% retracement level of the April-September rally crossing at 376.20.

December soybean oil closed up 65 pts. at 41.62.

December soybeans closed higher on Thursday and above the 10-day moving average crossing at 41.22 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October’s low, the reaction high crossing at 43.09 is the next upside target. Closes below Monday’s low crossing at 40.31 would temper the near-term friendly outlook. First resistance is October’s high crossing at 42.09. Second resistance is the reaction high crossing at 43.09. First support is Monday’s low crossing at 40.31. Second support is October’s low crossing at 39.20.


 

Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 15618.76 -61.59 -0.39%
NASDAQ COMPOSITE INDEX (COMBINED) 3929.66 -22.68 -0.58%
S&P 500 CASH 1763.31 -8.64 -0.49%
SPDR S&P 500 176.27 -0.90 -0.51%
QQQQ VOLATILITY INDEX 12.98 +0.07 +0.53%
iShares RUSSELL 2000 INDEX 109.81 -1.54 -1.40%

U.S. STOCK INDEXES

The December NASDAQ 100 closed lower due to profit taking on Thursday. The low-range close sets the stage for a steady to lower opening when Friday’s night 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 this year’s rally, monthly resistance crossing at 3668.00 is the next upside target. Closes below the 20-day moving average crossing at 3283.88 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 3401.75. Second resistance is monthly resistance crossing at 3668.00. First support is the 10-day moving average crossing at 3358.10. Second support is the 20-day moving average crossing at 3283.88.

The December S&P 500 posted a key reversal down on Thursday as it consolidated some of this month’s rally. Today’s low-range close sets the stage for a steady to lower opening when Friday’s night 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 this year’s rally into uncharted territory upside targets will be hard to project. First resistance is today’s high crossing at 1773.10. Second resistance is unknown. First support is the 10-day moving average crossing at 1748.14. Second support is the 20-day moving average crossing at 1714.81.

The Dow closed lower due to profit taking on Thursday. Today’s mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this month’s rally, upside targets will be hard to project. Closes below the 10-day moving average crossing at 15,500 would confirm that a short-term low has been posted. First resistance is today’s high crossing at 15,721. Second resistance is unknown. First support is the 10-day moving average crossing at 15,499. Second support is the 20-day moving average crossing at 15,289.


 

Interest Snapshot
Symbol Last Change %
T-BONDS Dec 2013 135.00000 +0.03125 +0.02%
iShares FLOATING RATE NOTE 50.6857 -0.0043 -0.01%
5 YEAR T-NOTES Dec 2013 121.765625 +0.085938 +0.07%
ULTRA T-BONDS Dec 2013 144.03125 +0.03125 +0.02%
POWERSHARES SENIOR LOAN PORTF 24.8300 +0.0090 +0.04%

INTEREST RATES

December T-bonds closed down 16/32 at 134-24.

December T-bonds closed lower on Thursday as it consolidates below the 38% retracement level of the May-September decline crossing at 135-27. 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 this month’s rally, the 50% retracement level of the May-September decline crossing at 138-05 is the next upside target. Closes below the 20-day moving average crossing at 133-28 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the May-September decline crossing at 135-27. Second resistance is the reaction high crossing at 133-29. First support is today’s low crossing at 131-20. Second support is the 50% retracement level of the May-September decline crossing at 138-05.


 

Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Jan 2014 164.800 +0.100 +0.06%
LEAN HOGS Dec 2013 90.100 -0.300 -0.33%
LIVE CATTLE Dec 2013 133.375 +0.250 +0.19%
IPATH DJ-UBS LIVESTOCK TRUST SUB 28.3160 -0.2740 -0.97%

LIVESTOCK

December hogs closed down $0.95 at $90.40.

December hog posted a key reversal down on Thursday and the low-range close sets the stage for a steady to lower opening when Friday’s night 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 this year’s rally, weekly resistance crossing at 93.75 is the next upside target. Closes below the 20-day moving average crossing at 88.37 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 92.30. Second resistance is weekly resistance crossing at 93.75. First support is the 10-day moving average crossing at 89.43. Second support is the 20-day moving average crossing at 88.37.

December cattle closed down $1.15 at 133.12.

December cattle closed lower on Thursday as it consolidates some of this month’s rally. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September’s low, the 87% retracement level of the December-May decline crossing at 135.68 is the next upside target. Closes below the 20-day moving average crossing at 132.65 are needed to confirm that a short-term top has been posted. First resistance is the reaction high crossing at 134.70. Second resistance is the 87% retracement level of the December-May decline crossing at 135.68. First support is the 10-day moving average crossing at 132.84. Second support is the 20-day moving average crossing at 132.65.

November feeder cattle closed up $0.22 at $167.72.

November Feeder cattle closed lower on Thursday as they extended the decline off October’s high. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If November extends this week’s decline, the 25% retracement level of the May-October rally crossing at 164.20 is the next downside target. Closes above the 20-day moving average crossing at 166.97 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 168.60. Second resistance is October’s high crossing at 169.60. First support is the 25% retracement level of the May-October rally crossing at 164.20. Second support is the 38% retracement level of the May-October rally crossing at 161.34.


 

Metals Snapshot
Symbol Last Change %
GOLD Dec 2013 1335.3 -14.0 -1.04%
SPDR GOLD SHARES 129.62 -0.15 -0.12%
SILVER Dec 2013 22.350 -0.633 -2.79%
PALLADIUM Dec 2013 744.00 -5.50 -0.74%
DIREXION DAILY GOLD MINERS BEA 27.3401 -1.4899 -5.47%
POWERSHARES DB PRECIOUS METALS 44.2601 -0.1099 -0.25%

PRECIOUS METALS

December gold closed lower on Thursday. The mid-range close sets the stage for a steady to lower opening when Friday’s night 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 October’s low, the reaction high crossing at 1375.40 is the next upside target. Closes below the 20-day moving average crossing at 1317.70 are needed to confirm that a short-term top has been posted. First resistance is the reaction high crossing at 1375.40. Second resistance is September’s high crossing at 1416.40. First support is the 20-day moving average crossing at 1317.70. Second resistance is October’s low crossing at 1251.00.

December silver closed higher on Thursday as it extends the rally off October’s low. The high-range close set the stage for a steady to higher opening when Friday’s night 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 October’s low, the reaction high crossing at 23.445 is the next upside target. Closes below the 20-day moving average crossing at 22.104 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 23.445. Second resistance is the reaction high crossing at 24.530. First support is the 20-day moving average crossing at 22.104. Second support is October’s low crossing at 20.495.

December copper closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above August’s high crossing at 339.50 or below September’s low crossing at 319.05 are needed to confirm a breakout of this fall’s trading range. First resistance is September’s high crossing at 335.95. Second resistance is August’s high crossing at 339.50. First support is the reaction low crossing at 321.50. Second support is September’s low crossing at 319.05.


 

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6. BZ.H14.E CRUDE OIL BRENT LAST DAY Mar 2014 108.26 -0.10 -0.09% 1,568 +100    Entry Signal
7. BZ.J14.E CRUDE OIL BRENT LAST DAY Apr 2014 107.72 -0.10 -0.09% 1,052 +100    Entry Signal
8. BZ.F14.E CRUDE OIL BRENT LAST DAY Jan 2014 109.27 -0.21 -0.19% 961 +100    Entry Signal
9. ZQ.Z13.E 30 DAY FED FUND Dec 2013 99.915 0.000 0.00% 660 +100    Entry Signal
10. HO.F15.E NY HARBOR ULSD HEATING OIL Jan 2015 2.9075 +0.0139 +0.48% 575 +100    Entry Signal

ADVFN – Report dei mercati 31/10/2013

MERCATO USA
Borsa Usa: dopo la Fed scattano le prese di beneficio

A New York i principali indici hanno chiuso la seduta in ribasso. Il Dow Jones ha lasciato sul terreno lo 0,39%, l’S&P500 lo 0,49% e il Nasdaq Composite lo 0,55%. In linea con le attese la Fed ha confermato il programma di acquisto di asset. Il dato sull’occupazione pubblicato in giornata ha invece deluso gli investitori. Secondo ADP (National Employment Report) nel mese di ottobre sono stati creati 130 mila nuovi posti di lavoro. Il dato e’ risultato peggiore delle attese che si aspettavano un incremento di 150 mila posti di lavoro.

Sul fronte societario General Motors +3,24%. La casa automobilistica ha chiuso il terzo trimestre con un utile per azione adjusted di 0,96 dollari, 2 centesimi più delle attese. I ricavi sono saliti del 3,7% a 39 miliardi. Linkedin -9,32%. Il social network per professionisti ha chiuso il terzo trimestre con una perdita di 3,36 milioni di dollari contro l’utile di 2,3 milioni dello stesso periodo dello scorso anno. Escluse le voci non ricorrenti il gruppo ha riportato un utile per azione di 0,39 dollari, 7 centesimi in più delle attese. Sopra il consensus anche il giro d’affari, cresciuti del 15,6% a 393 milioni. A deludere è stato l’outlook. Per il trimestre in corso Linkedin si attende ricavi tra 415 e 420 milioni di dollari. Gli analisti avevano previsto 438 milioni.

Nike +0,29%. Morgan Stanley ha alzato il rating sul titolo del gruppo di abbigliamento sportivo a overweight. Electronic Arts +7,75%. Il produttore di videogame ha chiuso lo scorso trimestre con un utile nettamente superiore alle attese. Yelp -2,59%. Il sito di recensioni ha chiuso il terzo trimestre con una perdita di 2,3 milioni di dollari, superiore alle attese. Western Union -12,42%. Il gruppo leader nel money transfer ha chiuso il terzo trimestre con un utile di 214,4 milioni di dollari, in calo del 20% rispetto ad un anno prima. Facebook -0,78% in attesa dei risultati del terzo trimestre. Gli analisti si attendono un utile per azione di 0,19 dollari su ricavi per 1,91 miliardi.

MERCATI ASIATICI

La Borsa Tokyo perde terreno sul finale di seduta, giù Toshiba

Nuovo dietro front per il Nikkei che questa mattina ha ceduto l’1,20%, archiviando l’ultima seduta di ottobre a 14327,94 punti. L’indice non e’ riuscito a dare continuita’ alla reazione avviata all’inizio della settimana ed e’ scivolato nuovamente sotto area 14500, allontanandosi dalla prima meta rappresentata dai top di luglio a 14950 circa. Solo oltre questo limite diverrebbe probabile il ritorno sui top di quest’anno a 16000 punti circa. Discese sotto i minimi di venerdì, a 14088, farebbero invece temere in un ritorno a circa 14000, area di transito della media mobile a 100 giorni e ultimo supporto in grado di contrastare una flessione più estesa. Sotto questo riferimento strategico aumenterebbero infatti i timori di inversione della tendenza ascendente originata dai minimi della prima meta’ di giugno, con conseguente approfondimento verso i minimi di agosto a 13200, la cui violazione spianerebbe poi la strada a cali fino ad area 12500.

In calo anche il Topix che ha terminato le negoziazioni a 1194,26 punti (-0,85%). Interessanti i dati macroeconomici pubblicati questa mattina: la Bank of Japan ha confermato i tassi di interesse ai minimi storici, nel range compreso tra lo 0,00% e lo 0,10%, mantenendo invariato il programma di acquisto di titoli del debito pubblico in un range di 60-70 triliardi di yen all’anno. Markit ha reso noto che l’Indice PMI manifatturiero Nomura/JMMA giapponese e’ salito in ottobre a quota 54,2, sui livelli massimi da dicembre 2009, in crescita rispetto alla precedente rilevazione pari a 52,5 punti. L’indice si allontana dai 50 punti, indicando un deciso miglioramento delle performance del settore manifatturiero giapponese.

In Giappone il dato relativo ai Nuovi Cantieri edili residenziali e’ salito a settembre del 19,4% su base annuale, facendo registrare una crescita superiore alle attese degli analisti che avevano stimato un incremento del 12,2%. Gli ordinativi di nuove costruzioni sono invece cresciuti dell’89,8% nello stesso periodo. In Giappone il Salario medio mensile cresce a settembre e si attesta al +0,1% rispetto allo stesso periodo del 2012, al di sopra delle attese degli economisti che avevano previsto un decremento pari a 0,5%. Tuttavia e’ stato rivisto al ribasso il dato di agosto, da -0,6% a -0,9% a/a. Pesano sul listino giapponese i deboli risultati societari pubblicati in giornata: Ana Holdings (-4,65%) ha tagliato le stime dell’utile per l’esercizio in corso. Toshiba ha ceduto il 5,24%, Nissan il 3,25%, Honda l’1,26%. Positiva e in controtendenza rispetto all’indice, Panasonic (+3,79%) dopo un accordo con Tesla Motors per la fornitura di batterie al litio. Negative le altre principali piazze asiatiche: Seoul scende dell’1,43%, Hong Hong dello 0,52% mentre Shanghai cede  lo 0,74%.


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Analisi e Segnali di Borsa quotidiani dai professionisti della finanza.

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MERCATI EUROPEI
Borse europee deboli, sugli scudi Alcatel-Lucent

Le principali Borse europee hanno aperto la seduta deboli. Il Dax30 di Francoforte cede lo 0,15%, il Cac40 di Parigi lo 0,2%, il Ftse100 di Londra lo 0,35% e l’Ibex35 di Madrid lo 0,08%. Alcatel-Lucent +14%. Il gruppo delle infrastrutture per telecomunicazioni ha chiuso il terzo trimestre con una perdita di 200 milioni di euro, in calo rispetto al rosso di 316 milioni dello stesso periodo dello scorso anno. I ricavi sono aumentati dell’1,8% a 3,67% miliardi (+7% a cambi costanti).

BNP Paribas +2%. La banca francese ha chiuso il terzo trimestre con un utile di 1,35 miliardi di euro, in crescita del 2,4% rispetto allo stesso periodo dello scorso anno. Il dato è superiore al consensus (1,23 miliardi). A fine settembre il Core Tier 1 è salito al 10,8%. Bayer +0,5%. Il gruppo chimico/farmaceutico ha chiuso il terzo trimestre con un utile di 733 milioni di euro, in crescita del 42,1% rispetto allo stesso periodo di un anno prima. L’Ebitda adjusted è salito del 7,7% a 1,984 miliardi più di quanto atteso dagli analisti (consensus a 1,86 miliardi). La società ha confermato gli obiettivi per l’intero esercizio che prevedono una crescita dell’Ebitda adjusted di circa il 5%.

Royal Dutch Shell -4%. Il colosso petrolifero ha chiuso il terzo trimestre con un utile di 4,25 miliardi di dollari, in calo del 31% rispetto ad un anno prima. I ricavi sono invece saliti a 116,51 miliardi da 112,12 miliardi. Technip -7%. Il gruppo dei servizi per l’industria petrolifera ha abbassato le stime per l’esercizio 2013 dopo aver chiuso il terzo trimestre con un utile in crescita dell’1,9%. L’Oréal -2%. Il colosso dei cosmetici ha chiuso il terzo trimestre con una crescita su base comparabile del 4,1% contro il +5,2% del trimestre precedente e il +5% atteso dagli analisti.

APERTURA MERCATO ITALIANO

Borsa italiana in leggero progresso dopo Fed

Il Ftse Mib segna +0,23%, il Ftse Italia All-Share +0,25%, il Ftse Italia Mid Cap +0,31%, il Ftse Italia Star +0,43%. Avvio incerto per le borse europee. Ieri sera a New York l’S&P 500 ha terminato a -0,49%, il Nasdaq Composite a -0,55%, il Dow Jones a -0,39%. Attualmente i future sui principali indici USA sono in ribasso dello 0,3% circa. Ricordiamo che per tutta la settimana l’apertura di Wall Street avverrà alle 14:30 ora italiana a causa del passaggio dall’ora legale all’ora solare che negli USA sarà effettuato nel prossimo fine settimana. A Tokyo il Nikkei 225 ha chiuso a -1,20%, mentre a Hong Kong l’Hang Seng ha terminato a -0,42%.

Avvio incerto a Piazza Affari all’indomani della riunione del FOMC della Fed che ha confermato il programma di acquisto di titoli di Stato e rimandato la decisione sull’avvio del tapering. Bancari in lieve rialzo con BP Emilia Romagna (+0,7%), Unicredit (+0,6%) e Intesa Sanpaolo (+0,5%) in testa. in lieve calo BP Milano (-0,3%) che ha ufficializzato le dimissioni del consigliere delegato Piero Montani, passato in Banca Carige (-0,3%). In verde Generali (+0,4% a 17 euro) su cui gli analisti di JP Morgan hanno confermato la raccomandazione “overweight” (sovrapesare rispetto al mercato/settore) per Generali e alzato il target price a 20 euro dal precedente 18,3 euro. Generali presenterà la trimestrale il prossimo 7 novembre.

Positiva RCS mediaGroup (+1,7%) su indiscrezioni in base alle quali il cda straordinario convocato per questa mattina dovrebbe decidere in merito alla vendita dell’immobile in via Solferino, sede storica del Corriere della Sera. Indesit (+0,4% a 7,50 euro) prolunga il recupero di ieri grazie a Kepler-Cheuvreux che conferma la raccomandazione “buy” (acquistare) e alza il target price da 7,7 a 8 euro. Ieri l’a.d. Marco Milani, nel corso della conference call sui dati del terzo trimestre, ha dichiarato che si augura di raggiungere un accordo con i sindacati sul piano di riorganizzazione ma che, se questo non dovesse avvenire, il piano verrà comunque finalizzato entro fine anno. In rosso Finmeccanica (-1,1%), penalizzata dalla decisione di Deutsche Bank di avviare una nuova copertura sul titolo con raccomandazione “sell” (vendere) e target price a 5,1 euro. Debole anche la controllata Ansaldo STS (-1,2%).


Offerta Trading
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TITOLI DEL GIORNO
Seduta in calo mercoledi’ per Enel Green Power che si riporta in area 1,75 euro senza negare tuttavia il bel segnale di forza inviato nella giornata precedente grazie al deciso superamento dei massimi di giugno e agosto allineati in area 1,73 euro. Grazie alla rottura di questa resistenza e’ ora possibile considerare la fase laterale disegnata dai prezzi dal top di giugno come un intermezzo dell’uptrend visto dai minimi di luglio 2012 in area 1,02. Ipotizzando il proseguimento del rialzo all’interno del canale che contiene l’andamento dei prezzi dai minimi dell’estate 2012 e’ possibile prospettare il raggiungimento di un target in area 1,96/97 euro. Discese fino a testare in area 1,65 la base del citato canale e la media mobile a 100 giorni non metterebbero in discussione le prospettive di rialzo. Sotto quei livelli rischio invece di movimenti tra 1,40 ed 1,45.
Per chi volesse comprare il titolo attendere la rottura di 1,78 per intervenire con target a 2 euro circa. Stop sotto 1,70.
Per chi gia’ detiene il titolo mantenere uno stop subito sotto 1,65, incrementare oltre 1,78 per il test dei 2 euro.

Nel medio termine Pirelli&C conserva un’intonazione rialzista, definita da minimi e massimi crescenti. Per non compromettere le aspettative di crescita il titolo dovrà tuttavia mantenersi al di sopra dei supporti in area 10,10. Discese sotto questo riferimento ricondurrebbero i prezzi sulla base di un canale che sale dai minimi di aprile, coincidente in area 9,70 con la media mobile a 50 giorni e ultimo appiglio per scongiurare l’avvio di una gamba ribassista con target iniziale in area 8,90 e successivo nei dintorni di 8,40/8,45 euro. Per rilanciare la crescita, con la prospettiva di raggiungere il target a 11,30 (lato alto del citato canale), è tuttavia necessaria la risoluta vittoria sui record annuali a 10,83.
Per chi volesse acquistare il titolo: intervenire oltre 10,83 per area 11,30, stop sotto 10,15 euro.
Per chi detiene attualmente il titolo: mantenere aperte le posizioni sopra 9,70 per il target a 11,30 euro.

Fase importante per Sias che da alcune settimane si muove per vie laterali poco al di sotto delle resistenze strategiche di area 7,70/7,80 euro. Su questi livelli troviamo infatti i massimi di inizio 2011, oltre i quali il movimento ascendente in forza da inizio 2009 troverebbe nuovo vigore in vista di estensioni con primo obiettivo a 8,50 circa (lato alto del canale rialzista ipotizzabile dal 2009) e successivi a 9,30 e quindi sul record assoluto del 2007 a 10,90 circa. Discese sotto le ex resistenze a 7,10/7,20 preannuncerebbero invece un test di area 6,70, supporto decisivo per scongiurare approfondimenti sui minimi annuali a 6,10 circa.
Per chi volesse acquistare il titolo: posizioni long oltre 7,80 per 8,50, stop sotto 7,30.
Per chi detiene attualmente il titolo: incrementare oltre 7,80 per 9,30 e 10,90, ridurre sotto 7,10 e uscire alla violazione di 6,70.

DATI MACRO ATTESI

Giovedì 31 Ottobre 2013
GIA Riunione BoJ e decisione tassi;
00:15 GIA Indice PMI manifatturiero ott;
06:00 GIA Ordini settore costruzioni;
06:00 GIA Nuovi cantieri residenziali;
08:00 GER Vendite al dettaglio;
08:45 FRA Consumi set;
10:00 ITA Tasso di disoccupazione (prelim.) set;
11:00 EUR Inflazione (flash) ott;
11:00 EUR Tasso di disoccupazione set;
11:00 ITA Inflazione ott;
12:00 ITA Indice prezzi alla produzione set;
13:30 USA Richieste settimanali sussidi disoccupazione;
14:45 USA Indice PMI Chicago ott.


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HEADLINES
Enel Green Power si aggiudica 513 MW di energia fotovoltaica ed eolica in una gara pubblica in Sudafrica
Enel Green Power (EGP) si è aggiudicata il diritto di concludere dei contratti per la fornitura di energia con l’utility sudafricana Eskom per 314 MWp di progetti fotovoltaici e 199 MW di progetti eolici (per un totale di 513 MW) nella terza fase della gara del REIPPPP (Renewable Energy Independent Power Producer Procurement Programme) per le energie rinnovabili, promossa dal Governo Sudafricano. I progetti rappresentano rispettivamente più del 65% e del 25% dell’ammontare totale del fotovoltaico ed eolico aggiudicato ad oggi nella terza fase di gara.  In linea con le regole del programma REIPPPP, EGP ha partecipato alla gara con delle società veicolo, detenendone una quota di controllo pari al 60%, in partnership con importanti player locali. I quattro progetti fotovoltaici (Aurora, Tom Burke, Paleisheweul and Pulida) saranno situati nelle regioni di Northern Cape, Western Cape, Free State e Limpopo, nelle aree a più alta concentrazione di irraggiamento solare.  I due progetti eolici (Gibson Bay e Cookhouse) saranno realizzati nella regione di Eastern Cape, in aree che offrono una grandissima disponibilità di risorsa eolica.  I sei nuovi progetti, che richiedono un investimento complessivo di circa 630 milioni di Euro, saranno in grado di generare più di 1.300 GWh all’anno, dando un importante contributo alla crescente domanda di energia del Paese, in modo sostenibile per l’ambiente.

BPM: dimissioni del Consigliere Delegato Piero Luigi Montani
Il Consigliere Delegato della Banca, Piero Luigi Montani, ha rassegnato le dimissioni dalla carica con decorrenza immediata per giusta causa, rappresentando le motivazioni in un lettera riservata. Allo stato, i termini economici della cessazione del rapporto del Consigliere Delegato non sono determinabili; eventuali determinazioni al riguardo saranno comunicate senza indugio al mercato. Il Consiglio di Gestione della Banca ha quindi preso atto delle dimissioni del Consigliere Delegato e, nelle more della reintegrazione del Consiglio stesso che, ai sensi del vigente Statuto dovrà avvenire senza indugio ad opera del Consiglio di Sorveglianza, ha nominato quale Consigliere Delegato il Dott. Davide Croff.

Mediobanca alza il target price di Recordati
L’ufficio analisi di Mediobanca ha alzato il target price di Recordati a 10,75 euro da 10 euro e confermato il giudizio “outpeform”.

BofA conferma il “buy” su Snam
Dopo la presentazione dei risultati di Snam gli analisti di Bank of America confermano il giudizio “buy” sulla compagnia del gas ed il target price a 4,1 euro.

Alcatel-Lucent: scende la perdita nel terzo trimestre, titolo vola a Parigi
Il gruppo delle infrastrutture per telecomunicazioni Alcatel-Lucent ha chiuso il terzo trimestre con una perdita di 200 milioni di euro, in calo rispetto al rosso di 316 milioni dello stesso periodo dello scorso anno. I ricavi sono aumentati dell’1,8% a 3,67% miliardi (+7% a cambi costanti).

L’Oréal: crescita inferiore alle attese
Il colosso dei cosmetici L’Oréal ha chiuso il terzo trimestre con una crescita su base comparabile del 4,1% contro il +5,2% del trimestre precedente e il +5% atteso dagli analisti.

Quartz Daily Brief—US blasts Germany, FX traders suspended, NSA’s latest hacks, Sriracha shortage

Quartz - qz.com

Good morning, Quartz readers!

What to watch for today

Japan’s economic update. Investors will peruse the Bank of Japan’s semi-annual monetary policy bulletin to see whether the central bank still thinks it can reach its 2% inflation target by March 2016.

European jobs. Recent signs of recovery such as Spain’s emergence from recession could bode well for the euro zone’s September employment data, but most expect the bloc’s jobless rate to remain unchanged at 12%.

Exxon Mobil earnings. The energy giant is expected to post a 15.6% profit decline from a year ago due to lower oil prices and difficulties replacing dwindling oil wells.

Franco-Russian diplomacy. French prime minister Jean-Marc Ayrault discusses trade and the Syrian crisis with Russian president Vladimir Putin, and will also broach the arrest of dozens of Greenpeace activists who were protesting Russia’s energy exploration in the Arctic.

Sriracha under fire. A Southern California judge considers a request to halt production of the famous hot sauce due to citizens’ complaints of noxious odors from its new factory, which could result in limited supplies and higher prices.

While you were sleeping

US blasted German trade policies. An annual US Treasury report blamed Germany’s export-driven economy and anemic domestic demand for the euro zone’s economic woes.

JP Morgan and Citibank suspended top FX traders. The banks both put their chief currency traders in London on leave amid a deepening probe of alleged market manipulation.

The NSA hacked Yahoo and Google. New documents leaked by Edward Snowden showed that the NSA tapped into Google’s and Yahoo’s data centers, giving it access to hundreds of millions of email accounts and other information. The intrusion was diagrammed on a post-it note and marked by a cheeky smiley face.

OGX declared bankruptcy. The formerly high-flying Brazilian oil and gas company, controlled by formerly high-flying billionaire Eike Batista, sought protection from creditors in Latin America’s biggest-ever corporate bankruptcy filing.

Facebook posted a blowout profit. The social networking company’s shares soared after it beat analysts’ expectations, with profits nearly doubling on a 60% increase in revenue from a year ago. But it wasn’t all “likes”—teenagers’ daily use of the site has dropped for the first time.

Starbucks’ grande (not venti) earnings. The coffee peddler’s quarterly profits grew 29% to $668.9 million, but fell short of analysts’ expectations.

No change from the Fed. As expected, the US central bank will maintain its $85-billion-a-month bond-buying program in light of the sluggish US economy.

Quartz obsession interlude

Christopher Mims on messaging apps’ sky-high valuation: “If you thought Facebook’s $1 billion acquisition of Instagram (which at the time had 16 employees) was an eyebrow-raiser, you might be shocked to hear that companies like Pinterest and Snapchat are now estimated to be worth four times as much.” Read more here

Matters of debate

Flipping burgers is worse than going freelance. The grimmest future for the American worker isn’t TaskRabbit—it’s becoming an unwilling part-timer at a restaurant or retailer.

The battle for the internet is upon us. The disruptive power of technology versus consolidated governmental and corporate feudalism.

Facebook should buy BlackBerry.The social network needs its own smartphone, and BlackBerry comes with patents, loyal customers and a messaging platform.

Flood insurance is a scam. Wealthy vacation-homeowners along valuable coastlines should pay for themselves, not rely on others.

Surprising discoveries

Yellowstone’s ticking time bomb. An underground reservoir of molten rock is 50 miles (80 km) long and 12 miles wide—at least two and a half times larger than previously thought.

Just hearing the words “Wall Street” makes you selfish. Researchers found that college students were much more likely to act selfishly during an experiment when they were told it was called “Wall Street Game” rather than “Community Game.”

Icelanders believe in elves. The creatures are so embedded in Iceland’s folklore that a majority of the population believes in their existence.

Ashton Kutcher is a Lenovo’s newest product engineer. Perhaps the actor picked something up while portraying Steve Jobs?

Our best wishes for a productive day. Please send any news, comments, elf folklore and Sriracha stockpiles to hi@qz.com. You can follow us on Twitter here for updates during the day.

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Key Market Reports and Commentary for Wednesday 30/10/2013

Morning Markets Report
Prepared on Wednesday, October 30, 2013

Copyright 2013 INO.com. All Rights Reserved.

Summary
The Dow Future has climbed 40 points to 15656. The US Dollar Index moved lower 0.065 points to 79.543. Gold is higher 5.28 dollars to 1346.50. Silver is higher 0.2531 dollars to 22.6600. The Dow Industrials trended higher 111.42 points, at 15680.35, while the S&P 500 moved up 9.84 points, last seen at 1771.95. The Nasdaq Composite edged higher by 12.20 points to 3952.33. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos
Why UPS Could Be A Big Winner This Quarter
Tuesday Oct 29th

Deflationary Forces Stymie the Fed’s Economic Rescue Efforts
Tuesday Oct 29th

Fill in the Caption …
Monday Oct 28th

Key Events for Wednesday

7:45 AM ET. ICSC-Goldman Sachs Chain Store Sales Index

Chain Store Sales Index – WoW (previous +1.4%)

Chain Store Sales Index – YoY (previous +3.2%)

8:30 AM ET. Sept PPI

PPI (expected +0.2%; previous +0.3%)

PPI Core (expected +0.1%; previous +0%)

PPI Core Crude Goods (previous -0.4%)

PPI Core Intermediate Goods (previous +0.2%)

PPI Crude Goods (previous -2.7%)

PPI Energy Goods (previous +0.8%)

PPI Intermediate Goods (previous +0%)

PPI Passenger Cars (previous -0.5%)

8:30 AM ET. Sept Advance Monthly Sales for Retail & Food Services

Overall Sales (expected +0.1%; previous +0.2%)

Sales, Ex-Auto (expected +0.4%; previous +0.1%)

8:55 AM ET. Johnson Redbook Retail Sales Index

MoM % Change (previous -1.5%)

12MonChgPct (previous +3%)

52WkChgPct (previous +2.9%)

9:00 AM ET. Aug S&P / Case-Shiller Home Price Index

10-city Index, M/M (previous +1.9%)

10-city Index, Y/Y (previous +12.3%)

20-city Index, M/M (previous +1.8%)

20-city Index, Y/Y (expected +12.5%; previous +12.4%)

National Q/Q

National Y/Y

10:00 AM ET. Aug Manufacturing & Trade: Inventories & Sales

Total Inventories (expected +0.3%; previous +0.4%)

10:00 AM ET. Oct Consumer Confidence Index

Consumer Confidence Index (expected 74.5; previous 79.7)

Expectation Index (previous 84.1)

Present Situation Index (previous 73.2)

4:30 PM ET. API Weekly Statistical Bulletin

Crude Stocks (Net Change) (previous +0.42M)

Gasoline Stocks (Net Change) (previous -0.51M)

Distillate Stocks (Net Change) (previous +0.82M)

Refinery Runs (previous 85.6%)

N/A World Bank and IFC’s ‘Doing Business’ annual report

N/A U.S. Federal Open Market Committee meeting


 

 
Currencies Snapshot
Symbol Last Change %
US DOLLAR INDEX 79.543 -0.065 -0.08%
POWERSHARES DB US DOLLAR INDEX 21.450 +0.075 +0.35%
US Dollar/Canadian Dollar 1.04590 -0.00043 -0.04%
Euro/US Dollar 1.37425 +0.00038 +0.03%
JAPANESE YEN Dec 2013 0.010183 -0.000011 -0.11%
SWISS FRANC Dec 2013 1.1150 +0.0018 +0.16%

CURRENCIES

CURRENCIES: The December Euro currency closed down 63 points at 1.3745 today. Prices closed nearer the session low today on profit taking. Bulls still have the solid overall near-term technical advantage.

The December Japanese yen closed down 50 points at 1.0190 today. Prices closed nearer the session low. Bulls and bears are back on a level near-term technical playing field amid choppy trading.

The December Swiss franc closed down 59 points at 1.1127 today. Prices closed nearer the session low on profit taking. The bulls still have the solid overall near-term technical advantage.

The December Canadian dollar closed down 24 points at .9541 today. Prices closed near the session low, hit a fresh seven-week low and scored a bearish “outside day” down on the daily bar chart today. Bears have the near-term technical advantage.

The December British pound closed down 118 points at 1.6035 today. Prices closed nearer the session low today and hit a two-week low, on profit taking. Bulls still have the overall near-term technical advantage.

The December U.S. dollar index closed up 0.394 at 79.700 today. Prices closed near the session high on short covering in a bear market. The greenback bears still have the solid overall near-term technical advantage.

 


 

 
Energy Snapshot
Symbol Last Change %
CRUDE OIL Dec 2013 97.13 -1.07 -1.09%
NY HARBOR ULSD HEATING OIL Dec 2013 2.9713 +0.0077 +0.26%
NATURAL GAS Jan 2014 3.713 -0.001 -0.03%
RBOB GASOLINE Dec 2013 2.5986 +0.0069 +0.27%
POWERSHARES DYNAMIC ENERGY 54.034 +0.292 +0.54%
UNITED STATES GASOLINE 55.7001 -0.3499 -0.63%

ENERGIES

ENERGIES: December Nymex crude oil closed down $0.43 at $98.25 today. Prices closed near mid-range today. Crude oil bears have the overall near-term technical advantage. A two-month-old downtrend is in place on the daily bar chart.

December heating oil closed down 63 points at $2.9579 today. Prices closed nearer the session high. Bears have the near-term technical advantage.

December (RBOB) unleaded gasoline closed down 213 points at $2.5890 today. Prices closed near mid-range. The gasoline bears have the near-term technical advantage.

December natural gas closed down 1.9 cents at $3.642 today. Prices closed near mid-range and hit a fresh 2.5-month low today. The nat gas bears have the overall near-term technical advantage.

 


 

 
Food Snapshot
Symbol Last Change %
COCOA Dec 2013 2649 -10 -0.38%
COFFEE Dec 2013 107.05 +0.10 +0.09%
ORANGE JUICE-A Jan 2014 118.20 -1.40 -1.19%
IPATH DJ-UBS SUGAR TRUST 62.8100 -1.3800 -2.20%
IPATH DJ-UBS SOFTS TRUST 46.36 +0.32 +0.70%

FOOD & FIBER

SOFTS: March sugar closed down 41 points at 18.50 cents today. Prices closed nearer the session low and hit a fresh three-week low today. The key “outside markets” were bearish for the sugar market today as the U.S. dollar index was higher and crude oil prices were lower. A two-month-old uptrend on the daily bar chart was negated today.

December coffee closed down 40 points at 107.15 cents today. Prices closed near mid-range and hit another contract low. The key “outside markets” were bearish for the coffee market today as the U.S. dollar index was higher and crude oil prices were lower. The coffee bears have the solid overall near-term technical advantage.

December cocoa closed down $21 at $2,663 a ton today. Prices closed nearer the session low on more profit taking and hit a fresh three-week low. The key “outside markets” were bearish for the cocoa market today as the U.S. dollar index was higher and crude oil prices were lower. The cocoa bulls still have the overall near-term technical advantage, but are fading.

December cotton closed down 31 points at 78.34 cents today. Prices closed near the session low and hit another fresh nine-month low today. Cotton bears have the solid near-term technical advantage. Prices are in a steep four-week-old downtrend on the daily bar chart.

November orange juice closed down 150 points at $1.1710 today. Prices closed near mid-range and hit a fresh nine- month low early on. The bears have the solid overall near- term technical advantage.

November lumber futures closed up $1.70 at $360.80 today. Bulls have the solid near-term technical advantage. The next downside technical breakout objective for the lumber bears is pushing and closing prices below solid technical support at $347.50.

 


 

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Grains Snapshot
Symbol Last Change %
CORN Dec 2013 434.00 +2.00 +0.46%
OATS Dec 2013 326.00 +0.25 +0.08%
WHEAT Dec 2013 683.75 +2.50 +0.37%
TEUCRIUM CORN 32.62 -0.05 -0.15%
IPATH DJ-UBS GRAINS TRUST 45.4901 +0.0501 +0.11%
ELEMENTS MLCX GRAINS INDEX TRUST 6.1500 +0.0200 +0.33%
SOYBEANS Jan 2014 1277.25 +6.50 +0.51%
SOYBEAN (MINI) Nov 2013 1279.00 +0.75 +0.06%
SOYBEAN MEAL Dec 2013 411.9 +1.1 +0.27%
TEUCRIUM SOYBEAN 22.95 +0.09 +0.39%

GRAINS

GRAINS: December corn futures closed up 1 1/4 cents at $4.32 Tuesday. Prices closed nearer the session high and did hit another fresh three-year low early on. Harvest pressure and the hedge selling from elevators continues to hurt the corn market. The key “outside markets” were also bearish for the corn market today as the U.S. dollar index was higher and crude oil prices were lower.

January soybeans closed up 2 3/4 cents at $12.70 3/4 a bushel Tuesday. Prices closed nearer the session high on tepid short covering. Harvest pressure has hit the soybean market recently. The key “outside markets” were bearish for the soybean market today as the U.S. dollar index was higher and crude oil prices were lower. Soybean bulls and bears are back on a level near-term technical playing field.

December soybean meal closed down $3.90 at $410.80 Tuesday. Prices closed nearer the session low. Bulls are fading and are now on a level near-term technical playing field with the bears.

December bean oil closed up 61 points at 40.97 cents Tuesday. Prices closed nearer the session high on short covering in a bear market. The bears still have the overall near-term technical advantage.

December Chicago SRW wheat closed up 1/4 cent at $6.81 1/4 Tuesday. Prices closed near mid-range and hit a fresh four- week low early on. The key “outside markets” were bearish for the wheat market today as the U.S. dollar index was higher and crude oil prices were lower. The bulls need fresh USDA wheat export sales announcements. The wheat market bulls have faded. Bulls and bears are on a level near-term technical playing field.

December HRW wheat closed up 1 cent at $7.51 3/4 Tuesday. Prices closed nearer the session low. The HRW wheat market bulls have the slight overall near-term technical advantage but are fading quickly and need to show fresh power soon.

 


 

 
Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 15680.35 +111.42 +0.71%
NASDAQ COMPOSITE INDEX (COMBINED) 3952.33 +12.20 +0.31%
S&P 500 CASH 1771.95 +9.84 +0.56%
SPDR S&P 500 177.17 +0.94 +0.53%
QQQQ VOLATILITY INDEX 12.93 -0.25 -1.94%
iShares RUSSELL 2000 INDEX 111.29 +0.26 +0.23%

U.S. STOCK INDEXES

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed solidly higher today. The stock market bulls have the solid near-term technical advantage and are faring well during the troublesome months of September and October. The market place awaits the results of the U.S. Federal Reserve’s Open Market Committee meeting, which began Tuesday morning and ends early Wednesday afternoon. There will be no press conference by Fed Chairman Bernanke after this meeting. The FOMC is expected to leave U.S. monetary policy unchanged, but as usual traders and investors will be closely parsing the FOMC statement, looking for any clues on the timing of upcoming changes in policy. Most in the market place presently believe the Fed will not start to cut back on its monthly bond purchases until early next year-most likely the second quarter at the earliest. This scenario favors the raw commodity market bulls, including the precious metals markets. Any hints at this week’s FOMC meeting that the “tapering” of monetary policy could come sooner than the second quarter of 2014 would likely be bearish for most markets. There was a heavy slate of U.S. economic data released Tuesday and it was a mixed bag for markets. The highlight was a weaker consumer confidence index for October, amid the U.S. government shutdown.


 

 
Interest Snapshot
Symbol Last Change %
T-BONDS Dec 2013 135.37500 +0.12500 +0.09%
iShares FLOATING RATE NOTE 50.6835 -0.0065 -0.01%
5 YEAR T-NOTES Dec 2013 121.812500 +0.046875 +0.04%
ULTRA T-BONDS Dec 2013 144.40625 +0.18750 +0.13%
POWERSHARES SENIOR LOAN PORTF 24.83 +0.02 +0.08%

INTEREST RATES

December U.S. T-Bonds closed up 4/32 at 135 11/32 today. Prices closed near the session high. Bond market bulls have the near near-term technical advantage. Prices are in a seven-week-old uptrend on the daily bar chart.

 


 

 
Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Jan 2014 166.900 -0.025 -0.01%
LEAN HOGS Dec 2013 91.225 -0.125 -0.14%
LIVE CATTLE Dec 2013 134.475 +0.200 +0.15%
IPATH DJ-UBS LIVESTOCK TRUST SUB 28.6201 +0.0201 +0.07%

LIVESTOCK

LIVESTOCK: December live cattle closed up $0.47 at $134.27 Tuesday. Prices closed nearer the session high and closed at another fresh contract high close. Buying support in futures comes from recent record cash cattle prices. Ideas are that cash prices will fetch higher levels this week, too, as packers pay up for needed supplies. The cattle futures bulls have the strong overall near-term technical advantage.

January feeder cattle closed down $0.02 at $166.90 Tuesday. The feeder bulls still have the solid overall near-term technical advantage.

December lean hogs closed down $0.60 at $91.35 Tuesday. Prices closed nearer the session low on profit taking after hitting a fresh contract high early on. The key “outside markets” were bearish for the hog market today as the U.S. dollar index was higher and crude oil prices were lower. The discount December futures hold to the cash hog index has helped to boost lean hog futures.

 


 

 
Metals Snapshot
Symbol Last Change %
GOLD Dec 2013 1349.7 +4.2 +0.31%
SPDR GOLD SHARES 129.7703 -0.7897 -0.61%
SILVER Dec 2013 22.730 +0.238 +1.06%
PALLADIUM Dec 2013 748.75 +1.70 +0.23%
DIREXION DAILY GOLD MINERS BEA 28.78 +2.18 +7.56%
POWERSHARES DB PRECIOUS METALS 44.4049 -0.2151 -0.48%

PRECIOUS METALS

METALS: December gold futures closed down $7.00 an ounce at $1,345.20. Prices closed nearer the session low on profit taking and position evening ahead of the FOMC statement Wednesday. The key “outside markets” were in a bearish posture for gold today as the U.S. dollar index was higher and crude oil prices were lower.

December silver futures closed down $0.028 an ounce at $22.51 today. Prices closed near mid-range today amid chart consolidation. The key “outside markets” were in a bearish posture for silver today as the U.S. dollar index was higher and crude oil prices were lower. The silver bulls and bears are on a level near-term technical playing field.

December N.Y. copper closed up 75 points at 327.70 cents today. Prices closed near mid-range. Bulls and bears are on a level near-term technical playing field.

 


 

 
Top Stocks
# symbol name last net % volume score triangles  
1. T AT&T 36.275 +0.705 +1.94% 40,910,766 +90    Entry Signal
2. GE GENERAL ELECTRIC 26.20 +0.11 +0.42% 34,566,973 +100    Entry Signal
3. PFE PFIZER 31.265 +0.525 +1.68% 31,962,933 +100    Entry Signal
4. INTC INTEL 24.523 +0.163 +0.66% 29,285,521 +90    Entry Signal
5. AA ALCOA 9.535 -0.025 -0.26% 22,842,473 +100    Entry Signal
6. BP BP 45.885 +2.165 +4.72% 19,630,754 +100    Entry Signal
7. PBR PETROLEO BRASILEIRO SA 17.320 -0.030 -0.17% 15,896,495 +100    Entry Signal
8. ITUB ITAU UNIBANCO HOLDINGS 15.79 +0.51 +3.23% 14,219,127 +100    Entry Signal
9. C CITIGROUP 50.18 +0.03 +0.06% 13,913,807 +90    Entry Signal
10. KORS MICHAEL KORS HOLDINGS 77.365 +0.965 +1.25% 13,893,028 +90    Entry Signal
 
Top Futures
# symbol name last net % volume score triangles  
1. ZF.Z13.E 5 YEAR T-NOTES Dec 2013 121.812500 +0.046875 +0.04% 54,391 +100    Entry Signal
2. GE.U16.E EURODOLLAR Sep 2016 98.315 +0.015 +0.02% 13,972 +100    Entry Signal
3. YM.Z13.E DJ $5 (E-MINI) Dec 2013 15656 +40 +0.26% 12,900 +100    Entry Signal
4. SI.Z13.E SILVER Dec 2013 22.730 +0.238 +1.06% 9,792 +100    Entry Signal
5. GE.M16.E EURODOLLAR Jun 2016 98.565 +0.010 +0.01% 12,462 +100    Entry Signal
6. GE.H14.E EURODOLLAR Mar 2014 99.715 +0.005 +0.01% 5,864 +100    Entry Signal
7. BZ.K14.E CRUDE OIL BRENT LAST DAY May 2014 106.34 -0.33 -0.31% 3,873 +100    Entry Signal
8. PL.F14.E PLATINUM Jan 2014 1473.1 +11.2 +0.77% 3,516 +100    Entry Signal
9. MFS.Z13.E MSCI EAFE INDEX Dec 2013 1891.1 +2.5 +0.13% 2,689 +100    Entry Signal
10. LC.Q14 LIVE CATTLE Aug 2014 128.250 +0.175 +0.14% 2,230 +100    Entry Signal

1800 in Sight – 10/30/2013

The S&P 500 closed higher for the ninth time in the last ten sessions. Streaks like that are rare. So there is definitely a rest period or modest pullback coming in our near future. When is the only question.

More and more that time is looking like it won’t take place til after we hit 1800. That is less than 2% above Tuesday’s close. So not much of a stretch from here.

If you can believe it, there are still folks who are afraid of this bull market and have missed the entire 165% ride from bottom. So congrats to all of you who wised up much sooner.

More and more of these stragglers are crawling out from under their rocks made of cash and bonds to finally buy up stocks. That certainly is part of the push towards 1800 and should have legs to 1900 or even 2000 in the new year. We will need much better economic data and earnings to get above that mark. But it gives all of us good reason to stay invested at this time.

Best,

Steve Reitmeister (aka Reity…pronounced “Righty”)

Executive Vice President

Zacks Investment Research

ADVFN – Report dei mercati 30/10/2013

MERCATO USA
Borsa Usa: nuovi record per Dow Jones e S&P500

A New York i principali indici hanno chiuso la seduta in rialzo. Il Dow Jones ha guadagnato lo 0,72%, l’S&P500 lo 0,56% e il Nasdaq Composite lo 0,31%. Apple -2,49%. Il produttore dell’iPhone ha chiuso il quarto trimestre con un utile di 7,5 miliardi di dollari (8,26 dollari per azione), in calo rispetto a 8,2 miliardi dello stesso periodo di un anno prima. I ricavi sono invece cresciuti del 4% a 37,5 miliardi. Gli analisti si attendevano un Eps di 7,92 dollari su ricavi per 36,8 miliardi. Per il trimestre in corso il gruppo di Cupertino stima un giro d’affari tra 55 e 58 miliardi di dollari.
Aetna -1,67%. La holding statunitense attiva nel campo della sanità ha chiuso il terzo trimestre con un utile di 518,6 milioni di dollari, in crescita del 4% rispetto allo stesso periodo dello scorso anno. L’Eps adjusted è pari a 1,50 dollari, 3 centesimi in meno delle attese. Poco sopra il consensus invece il giro d’affari cresciuto del 46% a 12,99 miliardi.

Yahoo +2,53%. Bernstein ha alzato il rating sul titolo della società internet a outperform da market perform.
Pfizer +1,66%. Il gruppo farmaceutico ha chiuso il terzo trimestre con un utile di 2,59 miliardi di dollari, in calo rispetto ai 3,21 miliardi di un anno prima. L’Eps adjusted è pari a 0,58 dollari, 2 centesimi più delle attese. I ricavi sono scesi del 2,4% a 12,64 miliardi. Gli analisti si attendevano un giro d’affari di 12,7 miliardi. Per l’intero esercizio la società si attende un Eps tra 2,15 e 2,20 dollari su ricavi tra 50,8 e 51,8 miliardi. Thomson Reuters +3,13%. Il gruppo di informazione finanziaria ha chiuso il terzo trimestre con un utile per azione adjusted di 0,48 dollari, 4 centesimi in più delle attese. I ricavi sono cresciuti del 2% a 3,07 miliardi. La società ha annunciato che taglierà 3 mila posti di lavoro.

Sears Holdings +11,75%. Il retailer ha annunciato un possibile spin-off di alcune attività. Ibm +2,69%. Il gruppo dell’IT ha approvato un nuovo piano di buy back per 15 miliardi di dollari.

MERCATI ASIATICI

Positiva questa mattina la Borsa di Tokyo

Progresso dell’1,23% per il Nikkei che termina gli scambi a 14502,35 punti. L’indice dovra’ mostrare la grinta necessaria per riuscire a stabilizzarsi oltre area 14500 e spingersi fino ai 14950 punti per un nuovo confronto con i massimi di luglio, una resistenza oltre la quale sarebbe lecito ipotizzare l’avvio di una fase rialzista duratura in direzione dei record di quest’anno a 16000 punti. Discese sotto i minimi di venerdì, a 14088, farebbero invece temere in un ritorno a circa 14000, area di transito della media mobile a 100 giorni e ultimo supporto in grado di contrastare una flessione più estesa. Sotto questo riferimento strategico aumenterebbero infatti i timori di inversione della tendenza ascendente originata dai minimi della prima meta’ di giugno, con conseguente approfondimento verso i minimi di agosto a 13200, la cui violazione spianerebbe poi la strada a cali fino ad area 12500.

In ripresa anche il Topix che ha terminato le negoziazioni a 1204,50 punti (+0,92%). Interessanti i dati macroeconomici pubblicati questa mattina: il Ministero dell’Economia, del Commercio e dell’Industria giapponese ha comunicato questa mattina la lettura preliminare sulla Produzione Industriale di settembre. Tale rilevazione si e’ attestata al +1,5% m/m deludendo le stime degli addetti ai lavori fissate su una crescita pari all’1,8% ma risultando comunque in miglioramento rispetto alla rilevazione precedente fissata su un -0,9%. Sul fronte societario si mette in evidenza Japan Tobacco (+3,65%) che, secondo indiscrezioni di stampa, potrebbe avviare un processo di ristrutturazione. Deciso rialzo per Softbank (+2,04%): nel primo semestre l’utile operativo è cresciuto di oltre il 70%.

Perdite di esercizio superiori alle attese hanno invece fatto precipitare Advantest (-7,10%), primo produttore al mondo di sistemi di collaudo automatico per semiconduttori. Ben comprati i titoli esportatori che beneficiano di uno yen debole: Toyota guadagna l’1,59%, Nissan l’1,40% e Sony lo 0,95%. Positive le altre principali piazze asiatiche: Seoul sale dello 0,38%, Hong Hong dell’1.10% mentre Shanghai guadagna l’1,48%.


NUOVA SEZIONE DI ADVFN, ANALISI DEI MERCATI!
Da una sinergia fra ADVFN e Proiezionidiborsa nasce la rubrica: Analisi dei Mercati!

Analisi e Segnali di Borsa quotidiani dai professionisti della finanza.

Clicca qui


MERCATI EUROPEI
Borse europee sopra la parità, bene Volkswagen e Barclays

Le principali Borse europee hanno aperto la seduta in rialzo. Il Dax30 di Francoforte guadagna lo 0,25%, il Cac40 di Parigi lo 0,39%, il Ftse100 di Londra lo 0,47% e l’Ibex35 di Madrid lo 0,21%.

L’attenzione degli investitori è rivolta alla riunione del Fomc, il braccio operativo della Fed, che si concluderà questa sera. Secondo indiscrezioni la banca centrale Usa dovrebbe lasciare invariato il programma di acquisto di asset.

Sul fronte societario Volkswagen +4%. Il gruppo automobilistico ha chiuso il terzo trimestre con ricavi pari a 46,985 miliardi di euro, in calo del 3,8% rispetto allo stesso periodo di un anno prima. L’utile operativo è cresciuto del 19,9% a 2,777 miliardi, in linea con le attese. Barclays +3%. Il gruppo bancario inglese ha chiuso il terzo trimestre con un utile ante imposte adjusted di 1,385 miliardi di sterline, in calo del 26% rispetto allo stesso periodo di un anno prima. Gli analisti si attendevano profitti per 1,25 miliardi.

Sanofi +0,9%. Il gruppo farmaceutico ha abbassato le stime 2013 dopo aver chiuso il terzo trimestre con ricavi in calo del 6,7% a 8,4 miliardi di euro e con un utile adjusted di 1,8 miliardi (-18,7%). La società francese prevede di chiudere l’esercizio in corso con un utile per azione in calo del 10% mentre in precedenza era atteso un calo tra il 7% ed il 10%. Eads +1%. L’agenzia Fitch ha alzato il rating della casa madre dell’Airbus ad “A-” da “BBB+” con outlook stabile.

Blue Solutions +22% al debutto. Il titolo della divisione del gruppo Bollorè che produce auto elettriche è stato collocato a 14,50 euro. Ubs -1%. Bank of America ha tagliato il rating sul titolo del gruppo bancario svizzero a neutral da buy.

APERTURA MERCATO ITALIANO

Borsa italiana in ulteriore rialzo. Sale Eni, scende Telecom

Il Ftse Mib segna +0,68%, il Ftse Italia All-Share +0,77%, il Ftse Italia Mid Cap +0,47%, il Ftse Italia Star +0,51%. Borse europee in territorio positivo. Ieri sera a New York l’S&P 500 ha terminato a +0,56%, il Nasdaq Composite a +0,31%, il Dow Jones a +0,72%. Attualmente i future sui principali indici USA sono in leggero rialzo. Ricordiamo che per tutta la settimana l’apertura di Wall Street avverrà alle 14:30 ora italiana a causa del passaggio dall’ora legale all’ora solare che negli USA sarà effettuato nel prossimo fine settimana. A Tokyo il Nikkei 225 ha chiuso a +1,23%, mentre a Hong Kong l’Hang Seng ha terminato a +2,00%.

Ottimo inizio di seduta per Eni (+3,3%) che poco prima dell’apertura ha comunicato i dati del terzo trimestre, in calo rispetto allo stesso periodo dell’anno scorso ma superiori alle attese a livello di utile netto. Eni ha anche annunciato l’avvio di un piano di acquisto di azioni proprie da massimi 6 miliardi di euro. Luxottica (+1,7%) tonica in avvio grazie ai buoni dati del terzo trimestre: l’utile netto registra un incremento del 7,9% attestandosi a 148 milioni di Euro rispetto a 137 milioni di Euro nel terzo trimestre del 2012. In verde Unicredit (+1,6%) grazie a HSBC che ha migliorato la raccomandazione sul titolo da “neutral” a “overweight” (sovrapesare rispetto al mercato/settore). Sale anche World Duty Free (+1,2% a 8,05 euro) in scia alla decisione di Citigroup di avviare la copertura sul titolo con raccomandazione “buy” (acquistare) e target price a 9,3 euro.

Vola Yoox (+4,6% a 26,2 euro) grazie a Citigroup che ha migliorato la raccomandazione sul titolo da “neutral” a “buy” (acquistare) con target price a 30 euro. Telecom Italia (-2%) in flessione a causa dei deboli dati della controllata TIM Partecipacoes che ha chiuso il terzo trimestre del 2013 con utile netto in calo del 15,6% a/a a 315 milioni di real (105 milioni di euro circa). Secondo il Messaggero Alierta, presidente di Telefonica, potrebbe incontrare oggi l’a.d. di Telecom, Marco Patuano. Quest’ultimo potrebbe proporre un aumento di capitale da €2mld, più leggero di quello da 3-5 miliardi che l’ex presidente Bernabè aveva studiato.


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TITOLI DEL GIORNO
Prysmian tenta di rimanere aggrappata al supporto in area 18, neck line di un potenziale testa e spalle ribassista disegnato a partire dai top di fine settembre. Flessioni sotto questo riferimento rischiano infatti di completare la figura spianando la strada verso 16,60, minimi di settembre e 50% di ritracciamento del rialzo partito a giugno. Il cedimento di questo limite indebolirebbe irrimediabilmente lo scenario rialzista, dando via libera al test a quota 16,43, base del gap del 2 agosto. La violazione anche di questo  riferimento modificherebbe gli equilibri di medio periodo proiettando target a 15,30 e 14,40 euro, sulla linea di tendenza che sale dai bottom di dicembre 2011. Per allentare le recenti tensioni sono dunque necessarie reazioni oltre il top del 22 ottobre, a 18,91: lecito in tal caso credere in un ritorno sui top a 19,36 e nell’eventuale allungo verso area 20.
Per chi volesse acquistare il titolo: intervenire al superamento di 18,91 euro con stop sotto 18,35 euro. Target a 19,36 e 20 euro.
Per chi detiene attualmente il titolo: mantenere aperte le posizioni sopra 17,80 euro ed incrementare al superamento di  18,91 euro, con target a 19,36 e 20 euro.

Deciso rimbalzo martedi’ per Telecom Italia (+6,12%) che recupera quindi in toto la brutta sbandata del 25 ottobre (-6,40%). Il titolo aveva tuttavia avviato il ribasso il 21 ottobre dopo il test in area 0,765 del lato alto del canale disegnato dai minimi di agosto e di quello che scende dai massimi di settembre 2009. I prezzi hanno toccato con i minimi di venerdì a 0,6535 il 38,2% (Fibonacci) del rialzo dai minimi di agosto, quindi per il momento il recente calo potrebbe ancora essere visto come un fenomeno temporaneo, ipotesi che sembra avvalorata, ma non ancora confermata, dal rimbalzo di martedi’. La tenuta di area 0,65 e la rottura di 0,725 potrebbero favorire il recupero di 0,74/76, area critica anche in ottica di medio termine. Resistenza successiva a 0,78, massimo di gennaio, ultimo ostacolo al ritorno sul picco di settembre 2012 a 0,8570. Sotto 0,6535 supporti a 0,62 e 0,585, rispettivamente 50% e 61,8% di ritracciamento del rialzo dai minimi di agosto. In caso di violazione anche di questi sostegni il target si sposterebbe a 0,5310, base del gap rialzista del 2 settembre.
Per chi volesse comprare il titolo intervenire oltre 0,7650 per il test di 0,86. Stop loss sotto 0,74.
Per chi gia’ detiene il titolo mantenere a 0,65 lo stop per le posizioni in essere, incrementare oltre 0,7650 per il test di 0,86.

Quadro grafico complesso per Yoox che deve ora tentare di dare continuità al recupero di ieri per attaccare la prima resistenza a 25,51 euro per poi proiettarsi verso 26,49, ostacolo decisivo da superare per assistere al ritorno sul record storico di fine settembre a quota 29. Una eventuale vittoria oltre questo ultimo riferimento determinerebbe la riattivazione della tendenza ascendente di lungo periodo con obiettivi in area 32/33. Flessioni sotto quota 23 decreterebbero invece il completamento del potenziale testa e spalle ribassista in formazione da fine agosto, circostanza che darebbe il via a una correzione con target minimo sulle ex resistenze di area 21.
Per chi volesse acquistare il titolo: posizioni long oltre 26,49 per 29, stop sotto 25,50.
Per chi detiene attualmente il titolo: incrementare oltre 29 per 32, ridurre sotto 23 e uscire alla violazione di 21.

DATI MACRO ATTESI

Mercoledì 30 Ottobre 2013
00:50 GIA Produzione industriale set;
09:00 SPA Inflazione (prelim.) ott;
09:00 SPA PIL (prelim.) T3;
09:55 GER Tasso di disoccupazione ott;
09:55 GER Variazione n° disoccupati ott;
11:00 EUR Indice fiducia consumatori (finale) ott;
11:00 EUR Indice fiducia industria ott;
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13:15 USA Nuovi occupati (stima ADP) ott;
13:30 USA Inflazione set;
14:00 GER Inflazione (prelim.) ott;
15:30 USA scorte settimanali petrolio e derivati;
19:00 EUR Intervento Weidmann (BCE e Bundesbank);
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HEADLINES
Luxottica: ricavi e utili in crescita nel terzo trimestre
Nel terzo trimestre, il fatturato netto di Luxottica ha raggiunto i 1.785 milioni di Euro, in linea con i 1.783 milioni di Euro del terzo trimestre del 2012 (+7,4% a parità di cambi, +0,1% a cambi correnti). Nel trimestre, l’EBITDA è risultato in progresso del 2,3% passando da 339 milioni di Euro del terzo trimestre 2012 a 347 milioni di Euro dello stesso periodo 2013. Nel trimestre, il risultato operativo si è attestato a 255 milioni di Euro, in aumento del +3,8% rispetto ai 246 milioni di Euro del terzo trimestre 2012. Il margine operativo segna nel trimestre un ulteriore progresso, attestandosi a 14,3% rispetto al 13,8% del terzo trimestre 2012. L’utile netto del terzo trimestre del 2013 registra un incremento del 7,9% attestandosi a 148 milioni di Euro rispetto a 137 milioni di Euro nel terzo trimestre del 2012, corrispondenti ad un EPS (utile per azione) di Euro 0,31. L’EPS in dollari si è attestato a USD 0,41 in crescita del 12,5% (con un cambio medio Euro/USD pari a 1,3242).

ENI: utile netto €3,99 mld nel 3° trimestre (+61,9% a/a), €5,81 mld nei nove mesi (-5,8% a/a)
Il Consiglio di Amministrazione di Eni ha esaminato ieri i risultati consolidati del terzo trimestre e dei nove mesi 2013 (non sottoposti a revisione contabile). L’Utile operativo adjusted è stato pari a € 3,44 miliardi nel trimestre (-15,7%) e a € 9,1 miliardi nei nove mesi (-35,2%). L’Utile netto adjusted a €1,17 miliardi nel trimestre (-29,4%) e a € 3,13 miliardi nei nove mesi (-41%). L’Utile netto si è portato a € 3,99 miliardi nel trimestre (+61,9%), ma a € 5,81 miliardi nei nove mesi (-5,8%). Nel trimestre il Cash flow è stato pari a  € 3,04 miliardi nel trimestre, nei nove mesi a € 7,79 miliardi. Leverage a 0,24. La Produzione di idrocarburi si è attestata a 1,653 milioni di boe/giorno nel trimestre (-3,8%) a causa di riduzioni straordinarie in Nigeria e Libia (-3,1% nei nove mesi). Rilevati l’incasso e la plusvalenza netti di € 3 miliardi dalla cessione a CNPC del 28,57% di Eni East Africa, titolare dei diritti minerari dell’Area 4 in Mozambico. Avviata la produzione del primo olio del giacimento giant di Kashagan; importanti successi esplorativi nell’offshore di Mozambico, Congo e Australia.

Citigroup alza il target price di Autogrill
Gli analisti di Citigroup hanno alzato il prezzo obiettivo di Autogrill a 7,9 euro da 6,25 euro e confermato il giudizio “buy” sul titolo.

Unicredit: HSBC migliora la raccomandazione
HSBC ha migliorato la raccomandazione su Unicredit da “neutral” a “overweight” (sovrapesare rispetto al mercato/settore).

Volkswagen: sale l’utile operativo nel terzo trimestre
Il gruppo automobilistico Volkswagen ha chiuso il terzo trimestre con ricavi pari a 46,985 miliardi di euro, in calo del 3,8% rispetto allo stesso periodo di un anno prima. L’utile operativo è cresciuto del 19,9% a 2,777 miliardi, in linea con le attese.

Red Electrica, risultati in crescita nel terzo trimestre
Il gruppo energetico spagnolo ha chiuso i primi nove mesi del 2013 con ricavi complessivi da 1,302 miliardi di euro in crescita dell’1,8% sul dato di un anno fa. L’ebitda ammonta a 961,099 milioni (+0,4%) e l’ebit cresce del 6,7% portandosi a 660 milioni di euro (ma il risultato non tiene conto di perdite da impairment su immobili e impianti per 46,4 milioni di euro e delle variazioni nel periodo di consolidamento). L’utile del periodo balza di 15,2 punti percentuali portandosi a 389,44 milioni di euro. Il gruppo ha subito gli effetti del decreto legge 9/2013 e la proposta di stabilire una remunerazione della trasmissione elettrica e della distribuzione nella seconda parte del 2013 che hanno ridotto gli introiti dalla trasmissione elettrica a 56,3 milioni di euro nel periodo.

Industrials And Cyclicals Back in Focus

Industrials And Cyclicals Back in Focus
Commentary
A strong week for equities saw the S&P 500 SPDR (ARCA:SPY) to a new high, with the Industrial and Cyclical sectors leading the market. With the overall uptrend in equities still in full swing, these sectors, and associated stocks, are likely to continue to perform well this week. On the other hand, if the market consolidates or heads lower early in the week, look for Utilities and Consumer Staples–more conservative sectors–to perform well relative to other sectors.

Industrials Select Sector SPDR (ARCA:XLI)
chart
Industrials Select Sector SPDR (ARCA:XLI) climbed 2.24% over the last week, and is near the top of an upward sloping trend channel. Minor support is $47.50, and can be used a stop level for newly established longs. If the price continues higher from the October 25 close at $48.76 it will over-throw the top of the trend channel, showing strong buying activity. Throw-overs are typically short-lived, but can be profitable due to the quick price movement. Strong trend support is between $46.50 and $45.50. If a pullback occurs, look to buy in this region with a target of $50. If the price falls much below $45.50 it indicates the uptrend is weakening.
Fortune Brands (NYSE:FBHS)
chart

Fortune Brands (NYSE:FBHS) jumped 11.22% last week and is one of the stronger stocks in the industrial sector. This stock isn’t in an uptrend, but the price is in close proximity to the top of its price range. The $44 region has been an obstacle since May, and a break higher is likely to propel the stock higher over the coming weeks. If a breakout occurs, the target is $51 to $52. On the other hand, if the price can’t break through resistance, the range will continue and the price is likely to fall back toward the $38 to $36 region.

SEE: Identifying Market Trends

Cyclicals Select Sector SPDR (ARCA:XLY)
chart
Cyclicals Select Sector SPDR (ARCA:XLY) climbed 2.05% over the last week, and is near the top of an upward sloping trend channel. Minor support is $62, and can be used a stop level for new long positions. If the price continues higher from the October 25 close at $63.31 it will over-throw the top of the trend channel, showing strong short-term buying activity. This can be taken advantage of by short-term traders, or those already in long positions, but for longer-term traders establishing a position near the top of a trend channel isn’t advised. Strong trend support is between $60 and $59. If a pullback occurs, look to buy in this region with a target of $65. If the price falls much below $58.50 it indicates the uptrend is weakening.

PulteGroup (NYSE:PHM)
chart
PulteGroup (NYSE:PHM) jumped 8.81% last week, and while the stock hasn’t been in an overall uptrend like the major indexes and sectors, the stock is showing bullish characteristics as of late. Since August PulteGroup has been making higher price highs and higher price lows. $16 should now act as major support on pullbacks, providing a buying opportunity with a stop loss below $15.50. The target for the next swing higher is $19.25 to $19.50; this could occur shortly with a rally above $18.50 or may require the pullback first in order for the stock to gather more steam.

SEE: A Look At Exit Strategies

The Bottom Line
The market continues to perform well and the uptrend remains in tact. The industrial and cyclical sector ETFs have both reached the upper bands of their trend channels, so a short-term pullback is quite possible in the short-term. Look to buy pullbacks near primary trend support regions to capitalize on the next wave of the uptrend. Short-term traders can also look to capitalize on the potential brisk move higher often associated with a throw-over of the upper trend channel band. It is advised all traders use stop loss orders to control risk.

Charts courtesy of stockcharts.com