3.03.2014
Top Day Market News
Fairly busy even for a Monday, especially for a Monday. Personal Income and Spending at 8:30 with the ISM Index at 10 along with construction spending.
Overnight, the Nikkei slumps and the Yen rallies on risk aversion thanks to ongoing concerns about the Ukraine. Over the weekend, the President and Putin talked for 90 minutes to hash over all the things they didn’t agree on. When last left, the rouble was trading at five year lows and should continue to come under attack as the West considers sanctions to at least attempt to thwart Putins’s land grab.
Sellers will continue to emerge against the Aussie dollar to reflect Chinese economic contraction.
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Week of March 03 - March 07 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 03 |
08:30 |
Personal Income |
Jan |
|
0.2% |
0.3% |
0.0% |
|
|
|
Mar 03 |
08:30 |
Personal Spending |
Jan |
|
-0.1% |
0.1% |
0.4% |
|
|
|
Mar 03 |
08:30 |
PCE Prices - Core |
Jan |
|
0.1% |
0.1% |
0.1% |
|
|
|
Mar 03 |
10:00 |
ISM Index |
Feb |
|
51.0 |
51.6 |
51.3 |
|
|
|
Mar 03 |
10:00 |
Construction Spending |
Jan |
|
-0.7% |
-0.1% |
0.1% |
|
|
|
Mar 03 |
14:00 |
Auto Sales |
Feb |
|
NA |
NA |
5.1M |
|
|
|
Mar 03 |
14:00 |
Truck Sales |
Feb |
|
NA |
NA |
7.0M |
|
|
|
Mar |
07:00 |
MBA Mortgage Index |
03/01 |
|
NA |
NA |
-8.5% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
05 |
|
|
|
|
|
|
|
|
|
Mar 05 |
08:15 |
ADP Employment Change |
Feb |
|
150K |
150K |
175K |
|
|
Mar 05 |
10:00 |
ISM Services |
Feb |
|
53.5 |
53.5 |
54.0 |
|
|
Mar 05 |
10:30 |
Crude Inventories |
03/01 |
|
NA |
NA |
0.068M |
|
|
Mar 05 |
14:00 |
Fed's Beige Book |
Mar |
|
NA |
NA |
NA |
|
|
Mar 06 |
07:30 |
Challenger Job Cuts |
Feb |
|
NA |
NA |
47.3% |
|
|
Mar 06 |
08:30 |
Initial Claims |
03/01 |
|
335K |
338K |
348K |
|
|
Mar 06 |
08:30 |
Continuing Claims |
02/22 |
|
2975K |
2973K |
2964K |
|
|
Mar 06 |
08:30 |
Productivity-Rev. |
Q4 |
|
2.5% |
2.5% |
3.2% |
|
|
Mar 06 |
08:30 |
Unit Labor Costs - Rev |
Q4 |
|
-0.8% |
-0.7% |
-1.6% |
|
|
Mar 06 |
10:00 |
Factory Orders |
Jan |
|
-0.3% |
-0.5% |
-1.5% |
|
|
Mar 06 |
10:30 |
Natural Gas Inventories |
03/01 |
|
NA |
NA |
-95 bcf |
|
|
Mar 07 |
08:30 |
Nonfarm Payrolls |
Feb |
|
165K |
163K |
113K |
|
|
Mar 07 |
08:30 |
Nonfarm Private Payrolls |
Feb |
|
175K |
170K |
142K |
|
|
Mar 07 |
08:30 |
Unemployment Rate |
Feb |
|
6.5% |
6.6% |
6.6% |
|
|
Mar 07 |
08:30 |
Hourly Earnings |
Feb |
|
0.1% |
0.2% |
0.2% |
|
|
Mar 07 |
08:30 |
Average Workweek |
Feb |
|
34.5 |
34.4 |
34.4 |
|
|
Mar 07 |
08:30 |
Trade Balance |
Jan |
|
-$37.0B |
-$37.3B |
-$38.7B |
|
|
Mar 07 |
15:00 |
Consumer Credit |
Jan |
|
$9.0B |
$11.8B |
$18.8B |
|
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 |
|
U |
1815 |
1845 |
1835 |
1857 |
1875 |
1887 |
|
Mar Nasdaq |
U |
|
3625 |
3671 |
3637 |
3723 |
3730 |
3760 |
|
Mar Yen |
U |
96.95 |
97.10 |
97.84 |
98.88 |
98.68 |
99.12 |
|
Mar EC |
U |
135.80 |
137.00 |
137.35 |
138.57 |
138.80 |
139.40 |
|
June 10 Year Note |
U |
123.10 |
123.20 |
124.06 |
125.06 |
124.20 |
125.31 |
|
June 30 Year Bond |
U |
130.11 |
131.23 |
132.16 |
133.30 |
133.28 |
134.21 |
|
May Soybean |
U |
16.11 |
16.16 |
13.89 |
14.39 |
14.53 |
14.93 |
|
May Corn |
U |
4.47 |
4.55 |
4.56 |
4.72 |
4.68 |
4.73 |
|
Aprl Gold |
U |
1304 |
1316 |
1316 |
1339 |
1340 |
1357 |
|
May Silver |
U |
21.24 |
21.49 |
21.08 |
21.53 |
22.14 |
22.40 |
|
May Copper |
D |
312.80 |
317.70 |
316.00 |
320.70 |
324.00 |
329.00 |
|
April Crude |
U |
99.98 |
101.37 |
101.94 |
103.58 |
103.29 |
104.81 |
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