03.06.13
Top Day Market News
Certainly an interesting development for oil markets last night was the passing of Hugo Chavez. Venezuela has the cheapest gasoline in the world at 6 cents a gallon. His passing opens the door to change.
The ADP private jobs forecast showed a gain of 198,000 jobs. And this was enough to keep equities higher and bonds lower. The metals didn’t like the number immediately came in for some profit-taking only to rebound sharply, showing bipolar tendencies. Watch for draws in crude oil stocks today with the release of the Department of Energy numbers at 1030.
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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 |
- |
|
|
|
|
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
$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% |
|
|
Mar 07 |
10:30 |
Natural Gas Inventories |
03/02 |
|
NA |
NA |
-171 bcf |
|
|
Mar 07 |
15:00 |
Consumer Credit |
Jan |
|
$10.0B |
$12.8B |
$14.6B |
|
|
Mar 08 |
08:30 |
Nonfarm Payrolls |
Feb |
|
170K |
165K |
157K |
|
|
Mar 08 |
08:30 |
Nonfarm Private Payrolls |
Feb |
|
180K |
178K |
166K |
|
|
Mar 08 |
08:30 |
Unemployment Rate |
Feb |
|
7.9% |
7.9% |
7.9% |
|
|
Mar 08 |
08:30 |
Hourly Earnings |
Feb |
|
0.2% |
0.2% |
0.2% |
|
|
Mar 08 |
08:30 |
Average Workweek |
Feb |
|
34.5 |
34.4 |
34.4 |
|
|
Mar 08 |
10:00 |
Wholesale Inventories |
Jan |
|
0.2% |
0.2% |
-0.1% |
|
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 |
1526.75 |
1553 |
1533 |
1550 |
|
Mar Nasdaq
|
U |
2658 |
2704 |
2771 |
2814 |
2779 |
2809 |
|
Mar Yen
|
PRD(U) |
103.62 |
105.23 |
106.54 |
107.57 |
109.27 |
111.70 |
|
Mar EC
|
PRD(U) |
127.48 |
128.84 |
129.78 |
130.75 |
132.38 |
134.56 |
|
Jun 10 Year
|
PRD(D) |
129.31 |
130.28 |
131.06 |
131.17 |
132.09 |
132.26 |
|
Jun 30 Year
|
PRD(D) |
140.20 |
142.15 |
142.30 |
143.22 |
145.16 |
146.22 |
|
May Soybeans
|
PRD(U) |
13.965 |
14.20 |
14.46 |
14.79 |
14.67 |
14.91 |
|
May Corn
|
U |
6.705 |
6.895 |
7.03 |
7.12 |
7.18 |
7.285 |
|
April Gold
|
D |
1533 |
1555 |
1568.370 |
1583.40 |
1610 |
1642 |
|
May Silver
|
D |
27.10 |
27.84 |
28.38 |
28.59 |
29.41 |
30.24 |
|
May Copper
|
D |
334 |
345 |
699 |
712 |
350 |
356 |
|
April Crude
|
D |
87.42 |
89.22 |
90.23 |
91.20 |
93.64 |
96.26 |
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