03.08.13
Top Day Market News
Wall Street was looking for +165,000 in nonfarm payroll and instead got a whopping +236,000 in job creation while at the same time the unemployment rate went down to 7.7% from 7.9%. Hours worked was also positive. The only negative in this report is number of disaffected dropping from searching for a job. The number was enabled enabled the stock market to spike higher while taking rates lower. Gold as an alternative investment traded lower well crude oil had a muted response. Of course this number is dollar friendly and the dollar is stronger across the board except for the Loonie. Today’s number will ultimately bring up talk of the Fed reigning in stimulus.
Expect another thrust higher then profit-taking as snow falls in New York City.
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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% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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% |
|
|
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 |
1539 |
1549 |
1533 |
1550 |
|
Mar Nasdaq |
U |
2658 |
2704 |
2791 |
2813 |
2779 |
2809 |
|
Mar Yen |
D |
103.62 |
105.23 |
104.26 |
106.32 |
109.27 |
111.70 |
|
Mar EC |
D |
127.48 |
128.84 |
130.15 |
131.60 |
132.38 |
134.56 |
|
Jun 10 Year |
D |
129.31 |
130.28 |
130.07 |
131.04 |
132.09 |
132.26 |
|
Jun 30 Year |
D |
140.20 |
142.15 |
141.02 |
142.25 |
145.16 |
146.22 |
|
May Soybeans |
D |
13.965 |
14.20 |
14.64 |
14.89 |
14.67 |
14.91 |
|
May Corn |
U |
6.705 |
6.895 |
6.77 |
6.99 |
7.18 |
7.285 |
|
April Gold |
D |
1533 |
1555 |
1567 |
1558 |
1610 |
1642 |
|
May Silver |
D |
27.10 |
27.84 |
28.53 |
29.22 |
29.41 |
30.24 |
|
May Copper |
D |
334 |
345 |
347 |
355 |
350 |
356 |
|
April Crude |
D |
87.42 |
89.22 |
|
|
93.64 |
96.26 |
|
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