03.04.13
Top Day Market News
No economic releases until tomorrow. The stock market is been able to stay near record highs even in the face of the uncertainty surrounding the implementation of sequestration because levels of corporate productivity remain very high while there is no wage pressure due to high unemployment levels. At the same time interest-rate levels are incredibly low so this prompts investors to move away from risk-free investments to equities.
More signs of economic retrenchment in China overnight has put light pressure on equities.
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Week of March 04 - March 08 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Mar 05 |
10:00 |
ISM Services |
Feb |
|
56.0 |
55.4 |
55.2 |
|
|
|
Mar 06 |
07:00 |
MBA Mortgage Index |
03/02 |
|
NA |
NA |
-3.8% |
|
|
|
Mar 06 |
08:15 |
ADP Employment Change |
Feb |
|
150K |
150K |
192K |
|
|
|
Mar 06 |
10:00 |
Factory Orders |
Jan |
|
-3.0% |
-2.2% |
1.8% |
|
|
|
Mar 06 |
10:30 |
Crude Inventories |
03/02 |
|
NA |
NA |
1.130M |
|
|
|
Mar 06 |
14:00 |
Fed's Beige Book |
Mar |
|
|
|
|
|
|
|
Mar 07 |
08:30 |
Initial Claims |
03/02 |
|
355K |
350K |
344K |
|
|
|
Mar 07 |
08:30 |
Continuing Claims |
02/23 |
|
3100K |
3100K |
3074K |
|
|
|
Mar 07 |
08:30 |
Trade Balance |
Jan |
|
-$45.0B |
-$43.0B |
- $38.5B |
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|
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 |
1465 |
1490 |
1504 |
1523 |
1533 |
1550 |
|
Mar Nasdaq
|
U |
2658 |
2704 |
2723 |
2762 |
2779 |
2809 |
|
Mar Yen
|
D |
103.62 |
105.23 |
106.33 |
107.77 |
109.27 |
111.70 |
|
Mar EC
|
D |
127.48 |
128.84 |
129.57 |
130.93 |
132.38 |
134.56 |
|
Mar 10 Year
|
U |
129.31 |
130.28 |
131.19 |
132.03 |
132.09 |
132.26 |
|
Mar 30 Year
|
U |
140.20 |
142.15 |
144.30 |
145.03 |
145.16 |
146.22 |
|
May Soybeans
|
D |
13.965 |
14.20 |
14.31 |
14.56 |
14.67 |
14.91 |
|
May Corn
|
U |
6.705 |
6.895 |
7.017 |
7.16 |
7.18 |
7.285 |
|
April Gold
|
D |
1533 |
1555 |
1561 |
1585 |
1610 |
1642 |
|
May Silver
|
D |
27.10 |
27.84 |
28.01 |
28.87 |
29.41 |
30.24 |
|
May Copper
|
D |
334 |
345 |
342 |
354 |
350 |
356 |
|
April Crude
|
U |
87.42 |
89.22 |
89.82 |
91.75 |
93.64 |
96.26 |
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