03.07.13
Top Day Market News
Balance of trade comes a little the worse than expected at -44.4 with a B. Productivity is down 1.9% while unit labor costs are higher. Weekly jobless claims at 340,000 are down 7000 from last week. The Bank of England did not expand its asset buying program. Mario Draghi is giving a press conference and players are anticipating a possible interest- rate cut. He is lowering its forecast for euro zone growth and stating that inflationary considerations will remain tame. Bonds are being pressured today and are rolling over reversing their intermediate trend to negative in front of Friday’s unemployment number. Currencies will roll to June on Monday. S&P should encounter resistance today at 1543.50.
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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 |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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% |
|
|
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 |
1532 |
1543.50 |
1533 |
1550 |
|
Mar Nasdaq |
U |
2658 |
2704 |
2781.25 |
2802.25 |
2779 |
2809 |
|
Mar Yen |
D |
103.62 |
105.23 |
105.85 |
107.15 |
109.27 |
111.70 |
|
Mar EC |
D |
127.48 |
128.84 |
129.04 |
130.57 |
132.38 |
134.56 |
|
Jun 10 Year |
D |
129.31 |
130.28 |
131.06 |
131.22 |
132.09 |
132.26 |
|
Jun 30 Year |
D |
140.20 |
142.15 |
142.04 |
143.14 |
145.16 |
146.22 |
|
May Soybeans |
D |
13.965 |
14.20 |
14.55 |
14.75 |
14.67 |
14.91 |
|
May Corn |
U |
6.705 |
6.895 |
6.81 |
7.02 |
7.18 |
7.285 |
|
April Gold |
D |
1533 |
1555 |
1566 |
1593 |
1610 |
1642 |
|
May Silver |
PRD(U) |
27.10 |
27.84 |
28.50 |
29.44 |
29.41 |
30.24 |
|
May Copper |
D |
334 |
345 |
347 |
352 |
350 |
356 |
|
April Crude |
PRD(U) |
87.42 |
89.22 |
|
|
93.64 |
96.26 |
|
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