03.05.13
Top Day Market News
The equity market is higher overnight and bonds are lower than the expectation for a higher than expected reading on the Institute for Supply Management number which will be released at 10 o’clock. Metals rebounded from oversold levels. Crude oil is higher as a leak forced the closure of a Brent pipeline. Outside weekly resistance in the ES is 1550 but it won’t do that today and probably fail around 1538 to 1540.
|
|
Week of March 04 - March 08 |
||||||||
|
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 |
|
|
|
Mar 07 |
08:30 |
Productivity-Rev. |
Q4 |
|
-1.7% |
-1.6% |
-2.0% |
|
|
|
Mar 07 |
08:30 |
Unit Labor Costs -Rev |
Q4 |
|
4.2% |
4.2% |
4.5% |
|
|
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 |
1513 |
1540 |
1533 |
1550 |
|
Mar Nasdaq
|
U |
2658 |
2704 |
2740 |
2783 |
2779 |
2809 |
|
Mar Yen
|
D |
103.62 |
105.23 |
106.71 |
107.65 |
109.27 |
111.70 |
|
Mar EC
|
D |
127.48 |
128.84 |
129.94 |
1300.63 |
132.38 |
134.56 |
|
Mar 10 Year
|
U |
129.31 |
130.28 |
131.11 |
131.28 |
132.09 |
132.26 |
|
Mar 30 Year
|
U |
140.20 |
142.15 |
143.08 |
144.15 |
145.16 |
146.22 |
|
May Soybeans
|
D |
13.965 |
14.20 |
14.42 |
14.72 |
14.67 |
14.91 |
|
May Corn
|
U |
6.705 |
6.895 |
6.84 |
7.12 |
7.18 |
7.285 |
|
April Gold
|
D |
1533 |
1555 |
1565 |
1590 |
1610 |
1642 |
|
May Silver
|
D |
27.10 |
27.84 |
28.34 |
28.97 |
29.41 |
30.24 |
|
May Copper |
D |
334 |
345 |
348 |
355 |
350 |
356 |
