04.11.13
Top Day Market News
Weekly jobless claims were down a substantial 42,000 to 346,000. Continuing claims of around 3.08 million. Import prices were lower. There is a 30 year bond auction later today which will focus interest on this key interest rate.
In my best Bostonian English, the market enjoyed a wicked rally yesterday. It smacked of upside capitulation especially for those who established short positions after the abysmal unemployment number on Friday. The market should at least put in some time at current levels and stall out.
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Week of April 08 - April 12 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Apr 09 |
10:00 |
Wholesale Inventories |
Feb |
|
0.5% |
0.5% |
1.2% |
|
|
|
Apr 10 |
07:00 |
MBA Mortgage Index |
04/06 |
|
NA |
NA |
-4.0% |
|
|
|
Apr 10 |
10:30 |
Crude Inventories |
04/06 |
|
NA |
NA |
2.707M |
|
|
|
Apr 10 |
14:00 |
Treasury Budget |
Mar |
|
-$107.0B |
-$107.0B |
- $198.2B |
|
|
|
Apr 10 |
14:00 |
FOMC Minutes |
3/20 |
|
|
|
|
|
|
|
Apr 11 |
08:30 |
Initial Claims |
04/06 |
|
355K |
365K |
385K |
|
|
|
Apr 11 |
08:30 |
Continuing Claims |
03/30 |
|
3050K |
3058K |
3063K |
|
|
|
Apr 11 |
08:30 |
Export Prices ex-ag. |
Mar |
|
NA |
NA |
0.6% |
|
|
|
Apr 11 |
08:30 |
Import Prices ex-oil |
Mar |
|
NA |
NA |
0.0% |
|
|
|
Apr 11 |
10:30 |
Natural Gas Inventories |
04/06 |
|
NA |
NA |
-94 bcf |
|
|
Apr 12 |
08:30 |
Retail Sales |
Mar |
|
0.0% |
0.0% |
1.1% |
|
|
Apr 12 |
08:30 |
Retail Sales ex-auto |
Mar |
|
0.3% |
0.0% |
1.0% |
|
|
Apr 12 |
08:30 |
PPI |
Mar |
|
0.1% |
-0.1% |
0.7% |
|
|
Apr 12 |
08:30 |
Core PPI |
Mar |
|
0.2% |
0.1% |
0.2% |
|
|
Apr 12 |
09:55 |
Mich Sentiment |
Apr |
|
76.0 |
78.0 |
78.6 |
|
|
Apr 12 |
10:00 |
Business Inventories |
Feb |
|
0.6% |
0.4% |
1.0% |
|
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 |
1514 |
1530 |
1567 |
1591 |
1565 |
1581 |
|
Jun Nasdaq |
U
|
2689.75 |
2227.50 |
2812 |
2875 |
2813 |
2860 |
|
Jun JY
|
D |
98.42 |
100.42 |
99.54 |
100.88 |
106.25 |
110.08 |
|
Jun EC
|
U |
126.43 |
128.31 |
130.38 |
131.53 |
131.27 |
132.35 |
|
Jun 10 Year
|
U |
131.04 |
132.04 |
132.07 |
132.23 |
133.24 |
134.12 |
|
Jun 30 Year
|
D |
142.15 |
145.08 |
145.01 |
145.23 |
149.17 |
151.01 |
|
May Soybeans
|
D |
13.21 |
13.41 |
13.71 |
14.06 |
13.95 |
14.28 |
|
May Corn
|
U |
5.92 |
6.10 |
6.33 |
6.55 |
6.63 |
6.97 |
|
June Gold
|
D |
1510.2 |
1546 |
1535 |
1579 |
1610 |
1640 |
|
May Silver
|
D |
25.62 |
26.45 |
27.10 |
27.93 |
28.23 |
29.19 |
|
May Copper
|
D |
325 |
336 |
337 |
344 |
339 |
344 |
|
May Crude
|
U |
88.3 |
90.70 |
93.75 |
95.70 |
96.59 |
100.14 |
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