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Slight weakness in stocks after January's strong run.

Market News

02.05.13

Top Day Market New

Just the numbers out of the Institute for Supply Management today at 10:00. The Street is looking for a slight decline in the Institute for Supply Management number. Yesterday’s weakness in stocks was most probably just a normal retracement from January’s very strong run. Bond bulls are looking for a reemergence of European political/budget/corruption concerns to encourage a renewed flight to quality move while the path of least resistance is for rates to back up.

 

 

Week of February 04 - February 08

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com Forecast

Briefing.com Consensus

 

Prior

Revised From

 

Feb 04

 

10:00

 

Factory Orders

 

Dec

 

 

3.0%

 

2.4%

 

0.0%

 

 

Feb 05

 

10:00

 

ISM Services

 

Jan

 

 

55.5

 

55.6

 

56.1

 

 

Feb 06

 

07:00

 

MBA Mortgage Index

 

02/02

 

 

NA

 

NA

 

-8.1%

 

 

Feb 06

 

10:30

 

Crude Inventories

 

02/02

 

 

NA

 

NA

 

5.947M

 

 

Feb 07

 

08:30

 

Initial Claims

 

02/02

 

 

365K

 

360K

 

368K

 

 

Feb 07

 

08:30

 

Continuing Claims

 

01/26

 

 

3200K

 

3200K

 

3198K

 

 

Feb 07

 

08:30

 

Productivity-Prel

 

Q4

 

 

-1.5%

 

-1.2%

 

2.9%

 

 

Feb 07

 

08:30

 

Unit Labor Costs

 

Q4

 

 

3.0%

 

2.4%

 

-1.9%

 

 

Feb 07

 

10:30

 

Natural Gas Inventories

 

02/02

 

 

NA

 

NA

-194

bcf

 

 

Feb 07

 

15:00

 

Consumer Credit

Dec

 

$10.0B

$11.9B

$16.0B

 

 

 

                 

 

 

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

1489.50

1495.50

1486

1504

1505.0

0

1522.00

Mar Nasdaq

U

2697.75

2727

2693

2744

2774.7

5

2793.25

Mar Yen


D

105.59

106.75

107.58

108.72

109.86

111.87

Mar EC


U

133.02

134.83

134.24

136.17

137.60

138.96

Mar 10 Year


D

130.13

130.24

130.29

131.28

131.21

132.06

Mar 30 Year


D

141.05

142.02

142.15

144.06

144.01

145.06

Mar Soybeans


U

14.13

14.43

14.76

14.99

14.95

15.16

Mar Corn


PRD(D)

7.064

7.21

7.29

7.40

7.48

7.61

April Gold


PRD(U)

1637

1652

1665.9

1682.7

1684

1700.7

Mar Silver


D

33.07

30.95

31.42

31.99

32.50

33.18

Mar Copper


U

359

368

375

378

383

387

Mar Crude


U

94.37

95.97

95.45

97.32

98.74

99.870

 News