02.07.13
Top Day Market News
Initial and continuing claims, productivity numbers and unit labor costs today, all at the same locus: 8:30 am Initial claims came in at 366K, down from previous weeks 371K. Productivity was lower down 0.2% while unit labor costs were higher at 4.5%. These numbers have not exactly rattled the markets. The European Central Bank is holding a press conference currently so the market has at least one eye on that.
United States continues to ramp up sanctions against Iran. An article in today’s Times indicates that it’s difficult to see the sanctions having an immediate effect on day-to-day life. Iran is losing $1 billion a day in oil revenue however. Robert Rubin on CNBC is talking about European complacency in the face of their crisis. The ECB has left rates unchanged. Manufacturing in the United Kingdom is stronger than expected. Overall however, the markets are little changed overnight and looking for new themes to trade against. Metals are having a delayed reflex action higher to the ECB rate statement.
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Week of February 04 - February 08 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Feb 04 |
10:00 |
|
Dec |
|
3.0% |
2.4% |
0.0% |
|
|
|
Feb 05 |
10:00 |
|
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 |
|
02/02 |
|
365K |
360K |
368K |
|
|
Feb 07 |
08:30 |
|
01/26 |
|
3200K |
3200K |
3198K |
|
|
Feb 07 |
08:30 |
|
Q4 |
|
-1.5% |
-1.2% |
2.9% |
|
|
Feb 07 |
08:30 |
|
Q4 |
|
3.0% |
2.4% |
-1.9% |
|
|
Feb 07 |
10:30 |
Natural Gas Inventories |
02/02 |
|
NA |
NA |
-194 bcf |
|
|
Feb 07 |
15:00 |
|
Dec |
|
$10.0B |
$11.9B |
$16.0B |
|
|
Feb 08 |
08:30 |
|
Dec |
|
-$42.5B |
-$45.4B |
- $48.7B |
|
|
Feb 08 |
10:00 |
|
Dec |
|
0.7% |
0.3% |
0.6% |
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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 |
1500 |
1511 |
1505.0 0 |
1522.00 |
|
Mar Nasdaq |
U |
2697.75 |
2727 |
2727 |
2751 |
2774.7 5 |
2793.25 |
|
Mar Yen |
D |
105.59 |
106.75 |
106.54 |
107.45 |
109.86 |
111.87 |
|
Mar EC |
U |
133.02 |
134.83 |
134.84 |
135.87 |
137.60 |
138.96 |
|
Mar 10 Year |
D |
130.13 |
130.24 |
131.11 |
131.24 |
131.21 |
132.06 |
|
Mar 30 Year |
D |
141.05 |
142.02 |
142.28 |
143.30 |
144.01 |
145.06 |
|
Mar Soybeans |
U |
14.13 |
14.43 |
14.68 |
14.96 |
14.95 |
15.16 |
|
Mar Corn |
D |
7.064 |
7.21 |
7.15 |
7.27 |
7.48 |
7.61 |
|
April Gold |
D |
1637 |
1652 |
1664 |
1683 |
1684 |
1700.7 |
|
Mar Silver |
PRD(U) |
33.07 |
30.95 |
31.50 |
31.98 |
32.50 |
33.18 |
|
Mar Copper |
U |
359 |
368 |
372 |
377 |
383 |
387 |
|
Mar Crude |
U |
94.37 |
95.97 |
95.44 |
97.40 |
98.74 |
99.870 |
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