2.05.2014
Top Day Market News
Yesterday’s top performers were Natural Gas and Wheat while the worst performers were platinum and lumber.
Today’s a fairly active day with the 4:28 AM release of the UK Services Purchasing Manager’s Index. Then at 8:15 we flip the script to the US and look at the ADP Private Jobs Forecast. The Street is looking for an add of 191K. Then we get the US ISM non-manufacturing purchasing index and this is expected to show a reading of 53.6. Then to end the day or begin it depending on where you’re standing, we get the Australian Retail Sales number at 7:30 pm.
Yesterday was a mini reversal Tuesday but didn’t have the jaw dropping moves we’re beginning to grow accustomed to. Nice movement in Aussie last night for the first three hours.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Feb 03 |
10:00 |
ISM Index |
Jan |
|
57.0 |
56.0 |
56.5 |
57.0 |
|
Feb 03 |
10:00 |
Construction Spending |
Dec |
|
-1.0% |
0.1% |
1.0% |
|
|
Feb 03 |
14:00 |
Auto Sales |
Jan |
|
NA |
NA |
5.3M |
|
|
Feb 03 |
14:00 |
Truck Sales |
Jan |
|
NA |
NA |
6.6M |
|
|
Feb 04 |
10:00 |
Factory Orders |
Dec |
|
-2.0% |
-1.7% |
1.8% |
|
|
Feb 05 |
07:00 |
MBA Mortgage Index |
02/01 |
|
NA |
NA |
-0.2% |
|
|
Feb 05 |
08:15 |
ADP Employment |
Jan |
|
175K |
178K |
238K |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
Feb 05 |
10:00 |
ISM Services |
Jan |
|
53.5 |
53.8 |
53.0 |
|
|
Feb 05 |
10:30 |
Crude Inventories |
02/01 |
|
NA |
NA |
6.421M |
|
|
Feb 06 |
07:30 |
Challenger Job Cuts |
Jan |
|
NA |
NA |
-5.9% |
|
|
Feb 06 |
08:30 |
Initial Claims |
02/01 |
|
330K |
335K |
348K |
|
|
Feb 06 |
08:30 |
Continuing Claims |
01/25 |
|
3000K |
2993K |
2991K |
|
|
Feb 06 |
08:30 |
Trade Balance |
Dec |
|
-$37.0B |
-$36.0B |
-$34.3B |
|
|
Feb 06 |
08:30 |
Productivity-Prel |
Q4 |
|
2.5% |
2.4% |
3.0% |
|
|
Feb 06 |
08:30 |
Unit Labor Costs |
Q4 |
|
0.0% |
-0.5% |
-1.4% |
|
|
Feb 06 |
10:30 |
Natural Gas Inventories |
02/01 |
|
NA |
NA |
-230bcf |
|
|
Feb 07 |
08:30 |
Nonfarm Payrolls |
Jan |
|
150K |
175K |
74K |
|
|
Feb 07 |
08:30 |
Nonfarm Private Payrolls |
Jan |
|
160K |
161K |
87K |
|
|
Feb 07 |
08:30 |
Unemployment Rate |
Jan |
|
6.5% |
6.7% |
6.7% |
|
|
Feb 07 |
08:30 |
Hourly Earnings |
Jan |
|
0.2% |
0.2% |
0.1% |
|
|
Feb 07 |
08:30 |
Average Workweek |
Jan |
|
34.5 |
34.4 |
34.4 |
|
|
Feb 07 |
15:00 |
Consumer Credit |
Dec |
|
$10.0B |
$11.5B |
$12.3B |
|
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 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 |
D |
1739.75 |
1758.50 |
1724.50 |
1753.50 |
1798.0 |
1819.00 |
|
Mar Nasdaq |
D |
3414 |
3464 |
3410 |
3473 |
3555 |
3595 |
|
Mar Yen |
U |
96.05 |
96.90 |
98.11 |
99.01 |
98.40 |
99.06 |
|
Mar EC |
D |
133.22 |
134.03 |
134.92 |
135.39 |
136.41 |
137.98 |
|
Mar 10 Year Note |
U |
124.05 |
124.31 |
125.31 |
126.20 |
126.07 |
126.26 |
|
Mar 30 Year Bond |
U |
1331.08 |
132.14 |
133.24 |
134.26 |
134.12 |
135.04 |
|
Mar Soybean |
U |
12.45 |
15.64 |
12.97 |
13.31 |
12.97 |
13.11 |
|
Mar Corn |
U |
4.24 |
4.29 |
4.36 |
4.44 |
4.36 |
4.39 |
|
Gold |
D |
1211.80 |
1228.70 |
1245 |
1259 |
1271.3 |
1297.00 |
|
March Silver |
PRD(U) |
18.28 |
18.71 |
19.28 |
19.64 |
19.83 |
20.56 |
|
March Copper |
D |
312.60 |
316.00 |
3.176 |
3.25 |
325.00 |
332.00 |
|
Mar Crude |
U |
93.70 |
95.55 |
97.00 |
97.88 |
98.90 |
100.45 |
|
|
|
|
|
|
|
|
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