01.31.13
Top Day Market News
Weekly jobless claims come in at +38,000 with continuing claims 3.17 5 million. Personal income is strong +2.6%. Personal Spending was flat at +0.2%. Street been looking for a 0.3% employment cost index came in at +0.5%. These numbers provide more heat than light. Crosscurrents continue. Of course we are ramping into tomorrow’s dreaded unemployment report.
Yesterday, the FED left rates unchanged now and for the foreseeable future. They again tied their treasury repurchase program to the unemployment rate.
Relative strength in some of these markets yesterday had approached excessive levels. No market is in danger of a trend reversal today.
|
|
Week of January 28 - February 01 |
||||||||
|
Date |
ET |
Release |
For |
|
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jan 28 |
08:30 |
|
Dec |
|
2.5% |
1.6% |
0.8% |
0.7% |
|
|
Jan 28 |
08:30 |
|
Dec |
|
0.0% |
0.0% |
1.6% |
|
|
|
Jan 28 |
10:00 |
Pending Home Sales |
Dec |
|
0.0% |
0.0% |
1.7% |
|
|
|
Jan 29 |
09:00 |
Case-Shiller 20-city Index |
Nov |
|
5.0% |
5.2% |
4.3% |
|
|
|
Jan 29 |
10:00 |
|
Jan |
|
61.0 |
65.1 |
65.1 |
|
|
|
Jan 30 |
07:00 |
MBA Mortgage Index |
01/26 |
|
NA |
NA |
7.0% |
|
|
|
|
|||||||||
|
Date |
ET |
Release |
For |
|
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jan 30 |
08:15 |
ADP Employment Change |
Jan |
|
175K |
175K |
215K |
|
|
Jan 30 |
08:30 |
|
Q4 |
|
0.2% |
1.0% |
3.1% |
|
|
Jan 30 |
08:30 |
|
Q4 |
|
1.5% |
1.6% |
2.7% |
|
|
Jan 30 |
10:30 |
Crude Inventories |
01/26 |
|
NA |
NA |
2.813M |
|
|
Jan 30 |
14:15 |
FOMC Rate Decision |
Jan |
|
0.25% |
0.25% |
0.25% |
|
|
Jan 31 |
07:30 |
Challenger Job Cuts |
Jan |
|
NA |
NA |
34.4% |
|
|
Jan 31 |
08:30 |
|
01/26 |
|
365K |
345K |
330K |
|
|
Jan 31 |
08:30 |
|
01/19 |
|
3200K |
3200K |
3157K |
|
|
Jan 31 |
08:30 |
|
Dec |
|
0.7% |
0.7% |
0.6% |
|
|
Jan 31 |
08:30 |
|
Dec |
|
0.5% |
0.3% |
0.4% |
|
|
Jan 31 |
08:30 |
|
Dec |
|
0.1% |
0.1% |
0.0% |
|
|
Jan 31 |
08:30 |
|
Q4 |
|
0.6% |
0.5% |
0.4% |
|
|
Jan 31 |
09:45 |
|
Jan |
|
50.0 |
50.5 |
48.9 |
51.6 |
|
Jan 31 |
10:30 |
Natural Gas Inventories |
01/26 |
|
NA |
NA |
-172 bcf |
|
|
Feb 01 |
08:30 |
|
Jan |
|
195K |
180K |
155K |
|
|
Feb 01 |
08:30 |
|
Jan |
|
215K |
193K |
168K |
|
|
Feb 01 |
08:30 |
|
Jan |
|
7.7% |
7.7% |
7.8% |
|
|
Feb 01 |
08:30 |
|
Jan |
|
0.2% |
0.2% |
0.3% |
|
|
Feb 01 |
08:30 |
|
Jan |
|
34.5 |
34.5 |
34.5 |
|
|
Feb 01 |
09:55 |
|
Jan |
|
70.5 |
71.4 |
71.3 |
|
|
Feb 01 |
10:00 |
|
Jan |
|
49.5 |
50.5 |
50.7 |
|
|
Feb 01 |
10:00 |
|
Dec |
|
0.3% |
0.5% |
-0.3% |
|
|
Feb 1 |
14:00 |
|
Jan |
|
NA |
NA |
5.5M |
|
MARKET PLACE
Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.
Legend U is Up
D is Down
PRD is Potential Reversal Day (Change of Trend) S2 is Weekly strong support
S1 is Weekly good support DS is Daily Support
DR is Daily Resistance
R1 is Weekly Good Resistance and is calculated once a week on Sunday night
R2 is Weekly Strong Resistance and is calculated once a week on Sunday night
Levels are for the most active futures contract
Daily Support and Resistance
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Mar ES |
U |
1465 |
1480 |
1485 |
1523 |
1497.5 0 |
1514 |
|
Mar Nasdaq |
U |
2674 |
2701 |
2724 |
2749 |
2762 |
2796 |
|
Mar Yen |
PRD(D) |
107.16 |
108.59 |
109.31 |
110.21 |
112.45 |
114.98 |
|
Mar EC |
U |
131.+1 |
133.23 |
135 |
136.12 |
134.59 |
136.23 |
|
Mar 10 Year |
D |
130.18 |
130.31 |
136.30 |
131.15 |
132.06 |
132.31 |
|
Mar 30 Year |
D |
142.09 |
143.06 |
142.17 |
143.20 |
145.23 |
147.11 |
|
Mar Soybeans |
U |
13.93 |
14.17 |
14.50 |
14.91 |
14.62 |
14.84 |
|
Mar Corn |
U |
7.03 |
7.11 |
7.30 |
7.45 |
7.32 |
7.43 |
|
Feb Gold |
PRD(U) |
1628.8 |
1643 |
1666.50 |
1688 |
1684 |
1710 |
|
Mar Silver |
PRD(U) |
30.23 |
30.70 |
31.50 |
32.56 |
32.06 |
32.95 |
|
Mar Copper |
U |
359 |
362 |
370 |
377 |
370 |
374 |
|
Mar Crude |
U |
94.01 |
95.05 |
97.42 |
98.34 |
97.02 |
97.95 |
