04.29.13
Top Day Market News
Not a particularly good combination this morning as personal income was up 0.2% and personal spending was also up 0.2%. The problem is that income was lower than expected and spending was higher than expected.
We also get pending home sales at 10 o’clock. Overnight, equities continued higher along with a weaker dollar while the oil market is next and gold is higher, again on the weaker dollar. The big number of the week will be unemployment on Friday.
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of April 29 - May 03 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Apr 29 |
08:30 |
Personal Income |
Mar |
|
0.4% |
0.3% |
1.1% |
|
|
|
Apr 29 |
08:30 |
Personal Spending |
Mar |
|
-0.1% |
0.1% |
0.7% |
|
|
|
Apr 29 |
08:30 |
PCE Prices - Core |
Mar |
|
0.1% |
0.1% |
0.1% |
|
|
|
Apr 29 |
10:00 |
Pending Home Sales |
Mar |
|
0.0% |
0.1% |
-0.4% |
|
|
|
Apr 30 |
08:30 |
Employment Cost Index |
Q1 |
|
0.5% |
0.5% |
0.5% |
|
|
|
Apr 30 |
09:00 |
Case-Shiller 20-city Index |
Feb |
|
8.7% |
8.7% |
8.1% |
|
|
|
Apr 30 |
09:45 |
Chicago PMI |
Apr |
|
51.5 |
52.0 |
52.4 |
|
|
|
Apr 30 |
10:00 |
Consumer Confidence |
Apr |
|
63.0 |
61.0 |
59.7 |
|
|
|
May 01 |
07:00 |
MBA Mortgage Index |
04/27 |
|
NA |
NA |
0.2% |
|
|
|
May 01 |
08:15 |
ADP Employment |
Apr |
|
150K |
155K |
158K |
|
|
|
May 01 |
10:00 |
ISM Index |
Apr |
|
49.5 |
51.0 |
51.3 |
|
|
May 01 |
10:00 |
Construction Spending |
Mar |
|
0.4% |
0.4% |
1.2% |
|
|
May 01 |
10:30 |
Crude Inventories |
04/27 |
|
NA |
NA |
0.947M |
|
|
May 01 |
14:15 |
FOMC Rate Decision |
May |
|
0.25% |
0.25% |
0.25% |
|
|
May 01 |
15:00 |
Auto Sales |
Apr |
|
NA |
NA |
5.3M |
|
|
May 01 |
15:00 |
Truck Sales |
Apr |
|
NA |
NA |
6.7M |
|
|
May 02 |
07:30 |
Challenger Job Cuts |
Apr |
|
NA |
NA |
30.0% |
|
|
May 02 |
08:30 |
Initial Claims |
04/27 |
|
345K |
346K |
339K |
|
|
May 02 |
08:30 |
Continuing Claims |
04/20 |
|
3050K |
3050K |
3000K |
|
|
May 02 |
08:30 |
Productivity-Prel |
Q1 |
|
1.5% |
1.2% |
-1.9% |
|
|
May 02 |
08:30 |
Unit Labor Costs |
Q1 |
|
2.5% |
1.6% |
4.6% |
|
|
May 02 |
08:30 |
Trade Balance |
Mar |
|
-$42.0B |
-$43.5B |
- $43.0B |
|
|
May 02 |
10:30 |
Natural Gas Inventories |
04/27 |
|
NA |
NA |
30 bcf |
|
|
May 03 |
08:30 |
Nonfarm Payrolls |
Apr |
|
135K |
150K |
88K |
|
|
May 03 |
08:30 |
Nonfarm Private Payrolls |
Apr |
|
155K |
166K |
95K |
|
|
May 03 |
08:30 |
Unemployment Rate |
Apr |
|
7.7% |
7.6% |
7.6% |
|
|
May 03 |
08:30 |
Hourly Earnings |
Apr |
|
0.1% |
0.2% |
0.0% |
|
|
May 03 |
08:30 |
Average Workweek |
Apr |
|
34.6 |
34.6 |
34.6 |
|
|
May 03 |
10:00 |
Factory Orders |
Mar |
|
-2.5% |
-2.5% |
3.0% |
|
|
May 03 |
10:00 |
ISM Services |
Apr |
|
53.9 |
54.0 |
54.4 |
|
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 |
1523.75 |
1550.25 |
1572 |
1582 |
1595.75 |
1614.75 |
|
Jun Nasdaq |
U |
2736 |
2785 |
2821 |
2843 |
2868 |
290 |
|
Jun JY |
PRD( U) |
99.09 |
100.46 |
100.78 |
102.74 |
102.87 |
103.91 |
|
Jun EC |
U |
128.91 |
129.62 |
130.66 |
130.84 |
131.01 |
131.69 |
|
Jun 10 Year |
U |
132.14 |
132.30 |
133.05 |
133.23 |
133.23 |
134.01 |
|
Jun 30 Year |
U |
146.25 |
147.27 |
148.06 |
149.19 |
149.18 |
150.07 |
|
July Soybeans |
PRD( U) |
13.245 |
13.52 |
13.69 |
13.97 |
13.97 |
14.13 |
|
July Corn |
U |
5.99 |
6.10 |
6.17 |
6.27 |
6.29 |
6.39 |
|
June Gold |
U |
1368.8 |
1415.5 |
1439 |
1499 |
1496.8 |
1531.4 |
|
July Silver |
D |
21.58 |
22.79 |
23.32 |
24.59 |
25.02 |
26.04 |
|
July Copper |
D |
295 |
307 |
310 |
325 |
329 |
340 |
|
June Crude |
D |
85.26 |
89.02 |
91.36 |
93.70 |
95.20 |
97.62 |
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