03.28.13
Top Day Market News
Overnight, the banks in Nicosia, Cyprus have reopened. Of course the research currency controls as to how much depositors can withdraw and what sort of banking operations a permissible. They, of course, a highly restrictive and are designed to prevent a bank run. Of course the Catch-22 is as soon as these restrictions are lifted, depositors are going to remove all funds anyway.
This is effectively the last trading day of the week. Weekly jobless claims increased by 16,000 which was a surprise.
This is also effectively the last trading day of the quarter so expect some window-dressing. To most interesting in the sense that we have a market holiday but the government will release numbers regarding personal income and spending, the PCE price deflator and the University of Michigan consumer sentiment number. It’s sort of like a tree falling in the forest with no one to hear it.
Enjoy the weekend.
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Mar 26 |
08:30 |
Durable Orders |
Feb |
|
5.0% |
3.8% |
-4.9% |
-5.2% |
|
Mar 26 |
08:30 |
Durable Goods –ex transportation |
Feb |
|
-0.5% |
-0.2% |
2.3% |
1.9% |
|
Mar 26 |
09:00 |
Case-Shillerhim him 20-city Index |
Jan |
|
7.5% |
7.5% |
6.8% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
Mar 26 |
10:00 |
Consumer Confidence |
Mar |
|
65.0 |
66.9 |
69.0 |
|
|
Mar 26 |
10:00 |
New Home Sales |
Feb |
|
400K |
426K |
437K |
|
|
Mar 27 |
07:00 |
MBA Mortgage Index |
03/23 |
|
NA |
NA |
NA |
|
|
Mar 27 |
10:00 |
Pending Home Sales |
Feb |
|
2.0% |
2.0% |
4.5% |
|
|
Mar 27 |
10:30 |
Crude Inventories |
03/23 |
|
NA |
NA |
- 1.314M |
|
|
Mar 28 |
08:30 |
Initial Claims |
03/23 |
|
335K |
338K |
336K |
|
|
Mar 28 |
08:30 |
Continuing Claims |
03/16 |
|
3050K |
3040K |
3053K |
|
|
Mar 28 |
08:30 |
GDP - Third Estimate |
Q4 |
|
0.3% |
0.3% |
0.1% |
|
|
Mar 28 |
08:30 |
GDP Deflator - Third Estimate |
Q4 |
|
0.9% |
0.9% |
0.9% |
|
|
Mar 28 |
09:45 |
Chicago PMI |
Mar |
|
55.0 |
56.5 |
56.8 |
|
|
Mar 28 |
10:30 |
Natural Gas Inventories |
03/23 |
|
NA |
NA |
-62 bcf |
|
|
Mar 29 |
08:30 |
Personal Income |
Feb |
|
0.9% |
0.8% |
-3.6% |
|
|
Mar 29 |
08:30 |
Personal Spending |
Feb |
|
0.6% |
0.6% |
0.2% |
|
|
Mar 29 |
08:30 |
PCE Prices - Core |
Feb |
|
0.2% |
0.1% |
0.1% |
|
|
Mar 29 |
09:55 |
Michigan Sentiment - Final |
Mar |
|
72.0 |
72.4 |
71.8 |
|
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 |
|
Jun ES
|
U |
1520 |
1537 |
1548 |
1562 |
1563 |
1572 |
|
Jun Nasdaq
|
U |
2726 |
2763 |
2783 |
2812 |
2821 |
2843 |
|
Jun JY
|
U |
103.25 |
104.59 |
105.48 |
106.96 |
106.75 |
107.57 |
|
Jun EC |
U |
127.87 |
128.90 |
127.35 |
128.53 |
130.58 |
131.21 |
|
Jun 10 Year
|
U |
130.24 |
131.04 |
131.22 |
132.13 |
131.26 |
132.08 |
|
Jun 30 Year |
U |
141.21 |
142020 |
143.22 |
145.06 |
144.09 |
144.31 |
|
May Soybeans
|
PRD( U) |
13.83 |
14.11 |
14.45 |
14. 59 |
14.66 |
14.80 |
|
May Corn
|
U |
6.99 |
7.12 |
7.29 |
7.39 |
7.37 |
7.48 |
|
June Gold
|
D |
1580.4 |
1595 |
1596 |
1613 |
1621.2 |
1632 |
|
May Silver
|
D |
27.88 |
28.28 |
28.19 |
28.90 |
29.21 |
29.73 |
|
May Copper
|
D |
333 |
340 |
340 |
346 |
352 |
357 |
|
May Crude
|
U |
90.70 |
92.27 |
95.82 |
97.08 |
94.990 |
96.00 |
|
|
|
|
|
|
|
|
|
