02.01.13
Top Day Market News
Last night, Chinese Purchasing Managers’ Index came in lower than expected.
The unemployment rate was expected by consensus to come in at a decent 180K with non-farm private payrolls forecast to come in at +193K while the headline number had been forecast to come in at 7.7%. The first impulse last night was to take stocks higher and bonds lower on the increasing probability of a stronger than expected jobs number. In addition to this, the Street will have to deal with U of Michigan consumer sentiment, the Institute for Supply Management and Construction Spending.
Now for the reality…
+157K and the headline jumps to 7.9%. There were upward revisions in Nov and Dec by 86K and 41K. A little disappointing but buy the rumor and sell on the news. The EC is reaching levels which will hurt German exports.
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Week of January 28 - February 01 |
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|
Date |
ET |
Release |
For |
Actual |
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% |
|
|
|
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 |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
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 01 |
14:00 |
|
Jan |
|
NA |
NA |
5.5M |
|
|
Feb 01 |
14:00 |
|
Jan |
|
NA |
NA |
6.5M |
|
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 |
PRD(D) |
1465 |
1480 |
1489 |
1503.5 |
1497.5 0 |
1514 |
|
Mar Nasdaq |
PRD(D) |
2674 |
2701 |
2718 |
2754 |
2762 |
2796 |
|
Mar Yen |
D |
107.16 |
108.59 |
108.29 |
109.55 |
112.45 |
114.98 |
|
Mar EC |
U |
131.+1 |
133.23 |
135.73 |
136.26 |
134.59 |
136.23 |
|
Mar 10 Year |
PRD(U) |
130.18 |
130.31 |
130.29 |
131.16 |
132.06 |
132.31 |
|
Mar 30 Year |
D |
142.09 |
143.06 |
142.21 |
143.26 |
145.23 |
147.11 |
|
Mar Soybeans |
U |
13.93 |
14.17 |
14.54 |
14.85 |
14.62 |
14.84 |
|
Mar Corn |
U |
7.03 |
7.11 |
7.35 |
7.45 |
7.32 |
7.43 |
|
April Gold |
D |
1628.8 |
1643 |
1653 |
1676 |
1684 |
1710 |
|
Mar Silver |
D |
30.23 |
30.70 |
30.93 |
31.94 |
32.06 |
32.95 |
|
Mar Copper |
U |
359 |
362 |
370 |
376 |
370 |
374 |
|
Mar Crude |
U |
94.01 |
95.05 |
96.87 |
98.07 |
97.02 |
97.95 |
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