Top Day Market News
5.01
Overnight, in a word, quiet. Today was supposed to be tumultuous with Occupy Wall Street going wild with May Day celebrations but this wave of thunderstorms seems to be effectively short circuiting this. The market seems to be flopping around currently, looking for some sort of thematic direction. The Institute for Supply Management index at 10 may supply that direction.
Week of April 30 - May 04
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
Apr |
08:30 |
Personal Income |
Mar |
0.8% |
0.2% |
0.2% |
||
30 |
||||||||
Apr |
08:30 |
Personal Spending |
Mar |
0.8% |
0.5% |
0.8% |
||
30 |
||||||||
Apr |
08:30 |
PCE Prices - Core |
Mar |
0.2% |
0.2% |
0.1% |
||
30 |
||||||||
Apr |
09:45 |
Chicago PMI |
Apr |
60.0 |
60.0 |
62.2 |
||
30 |
||||||||
May |
10:00 |
ISM Index |
Apr |
52.5 |
53.0 |
53.4 |
||
01 |
||||||||
May |
10:00 |
Construction |
Mar |
0.8% |
0.5% |
-1.1% |
||
01 |
Spending |
|||||||
May |
14:00 |
Auto Sales |
Apr |
NA |
5.4M |
5.1M |
||
01 |
||||||||
May |
14:00 |
Truck Sales |
Apr |
NA |
5.7M |
5.7M |
||
01 |
||||||||
May |
07:00 |
MBA Mortgage Index |
04/28 |
NA |
NA |
-3.8% |
||
02 |
||||||||
May |
08:15 |
ADP Employment |
Apr |
170K |
170K |
209K |
||
02 |
Change |
|||||||
May |
10:00 |
Factory Orders |
Mar |
-2.5% |
-1.8% |
1.3% |
||
02 |
||||||||
May |
10:30 |
Crude Inventories |
04/28 |
NA |
NA |
3.978M |
||
02 |
||||||||
May |
07:30 |
Challenger Job Cuts |
Apr |
NA |
NA |
-8.8% |
||
03 |
||||||||
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
May |
08:30 |
Initial Claims |
04/28 |
375K |
375K |
388K |
||
03 |
||||||||
May |
08:30 |
Continuing Claims |
04/21 |
3300K |
3300K |
3315K |
||
03 |
||||||||
May |
08:30 |
Productivity-Prel |
Q1 |
-0.5% |
-0.6% |
0.9% |
||
03 |
||||||||
May |
08:30 |
Unit Labor Costs |
Q1 |
3.0% |
3.0% |
2.8% |
||
03 |
||||||||
May |
10:00 |
ISM Services |
Apr |
56.5 |
55.5 |
56.0 |
||
03 |
||||||||
May |
08:30 |
Nonfarm Payrolls |
Apr |
140K |
162K |
120K |
||
04 |
||||||||
May |
08:30 |
Nonfarm Private |
Apr |
145K |
167K |
121K |
||
04 |
Payrolls |
|||||||
May |
08:30 |
Unemployment Rate |
Apr |
8.2% |
8.2% |
8.2% |
||
04 |
||||||||
May |
08:30 |
Hourly Earnings |
Apr |
0.1% |
0.2% |
0.2% |
||
04 |
||||||||
May |
08:30 |
Average Workweek |
Apr |
34.5 |
34.5 |
34.5 |
||
04 |
||||||||
MARKET PLACE
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
S2 is Weekly strong support
S1 is Weekly good support
DS is Daily Support
DR is Daily Resistance
R1 is Weekly Good Resistance
R2 is Weekly Strong Resistance
Levels are for the most active futures contract
| Daily Support and Resistance | |||||||
| Trend | WS2 | WS1 | DS | DR | WR1 | WR2 | |
| June | U | 1336 | 1367 | 1388 | 1400.75 | 1416 | 1434 |
| ES | |||||||
| June | U | 2581 | 2659 | 2708 | 2737 | 2780 | 2823 |
| Nasdaq | |||||||
| June | U | 121.5 | 123.02 | 124.71 | 126.11 | 125.30 | 126.15 |
| Yen | 9 | ||||||
| June | U | 130.4 | 131.55 | 132.12 | 132.98 | 133.21 | 133.80 |
| EC | 8 | ||||||
| June | U | 130.1 | 131.12 | 132.02 | 132.14 | 132.23 | 133.09 |
| 10 | 9 | ||||||
| Year | |||||||
| June | U | 139.3 | 141.11 | 142.16 | 143.05 | 143.26 | 144.30 |
| 30 | 1 | ||||||
