05.01.13
Top Day Market News
Sell in May and go away? Well, you might be tempted to say that stratagem was in force after the run the market had in Q1.
As it is May Day, identification had to be shown on Broadway to access the lower canyons of Wall Street this morning. A protest is in the air.
ADP Private jobs number comes in at +119,000 which is lower than the expectation is less than the expectation of +150,000. Sequestration, the increasing cost of health care and higher payroll taxes probably all have a hand in this drag on job creation. This number as a stand-alone data point is that particular good for stocks, it is a dollar positive, a bond positive and a crude oil negative.
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Week 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% |
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|
Apr 29 |
08:30 |
Personal Spending |
Mar |
|
-0.1% |
0.1% |
0.7% |
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|
|
Apr 29 |
08:30 |
PCE Prices - Core |
Mar |
|
0.1% |
0.1% |
0.1% |
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|
|
Apr 29 |
10:00 |
Pending Home Sales |
Mar |
|
0.0% |
0.1% |
-0.4% |
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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% |
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|
Apr 30 |
09:45 |
Chicago PMI |
Apr |
|
51.5 |
52.0 |
52.4 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
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Apr 30 |
10:00 |
Consumer Confidence |
Apr |
|
63.0 |
61.0 |
59.7 |
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May 01 |
07:00 |
MBA Mortgage Index |
04/27 |
|
NA |
NA |
0.2% |
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May 01 |
08:15 |
ADP Employment Change |
Apr |
|
150K |
155K |
158K |
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May 01 |
10:00 |
ISM Index |
Apr |
|
49.5 |
51.0 |
51.3 |
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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% |
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May 01 |
15:00 |
Auto Sales |
Apr |
|
NA |
NA |
5.3M |
|
|
May 01 |
15:00 |
Truck Sales |
Apr |
|
NA |
NA |
6.7M |
|
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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 |
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May 02 |
08:30 |
Productivity-Prel |
Q1 |
|
1.5% |
1.2% |
-1.9% |
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May 02 |
08:30 |
Unit Labor Costs |
Q1 |
|
2.5% |
1.6% |
4.6% |
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May 02 |
08:30 |
Trade Balance |
Mar |
|
-$42.0B |
-$43.5B |
- $43.0B |
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May 02 |
10:30 |
Natural Gas Inventories |
04/27 |
|
NA |
NA |
30 bcf |
|
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May 03 |
08:30 |
Nonfarm Payrolls |
Apr |
|
135K |
150K |
88K |
|
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May 03 |
08:30 |
Nonfarm Private Payrolls |
Apr |
|
155K |
166K |
95K |
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May 03 |
08:30 |
Unemployment Rate |
Apr |
|
7.7% |
7.6% |
7.6% |
|
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May 03 |
08:30 |
Hourly Earnings |
Apr |
|
0.1% |
0.2% |
0.0% |
|
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May 03 |
08:30 |
Average Workweek |
Apr |
|
34.6 |
34.6 |
34.6 |
|
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May 03 |
10:00 |
Factory Orders |
Mar |
|
-2.5% |
-2.5% |
3.0% |
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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
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|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Jun ES |
U |
1523.75 |
1550.25 |
1584.25 |
1597.25 |
1595.75 |
1614.75 |
|
Jun Nasdaq |
U |
2736 |
2785 |
2861 |
2891 |
2868 |
2903 |
|
Jun JY |
U |
99.09 |
100.46 |
101.96 |
103.15 |
102.87 |
103.91 |
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Jun EC |
U |
128.91 |
129.62 |
133.07 |
133.20 |
131.01 |
131.69 |
|
Jun 10 Year |
U |
132.14 |
132.30 |
148.02 |
148.30 |
133.23 |
134.01 |
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Jun 30 Year |
PRD( D) |
146.25 |
147.27 |
148.02 |
148.330 |
149.18 |
150.07 |
|
July Soybeans |
U |
13.245 |
13.52 |
13.88 |
14.16 |
13.97 |
14.13 |
|
July Corn |
U |
5.99 |
6.10 |
6.34 |
6.63 |
6.29 |
6.39 |
|
June Gold |
U |
1368.8 |
1415.5 |
1461.9 |
1480.8 |
1496.8 |
1531.4 |
|
July Silver |
D |
21.58 |
22.79 |
23.95 |
24.48 |
25.02 |
26.04 |
|
July Copper |
D |
295 |
307 |
312 |
323 |
329 |
340 |
|
June Crude |
D |
85.26 |
89.02 |
91.88 |
94.43 |
95.20 |
97.62 |
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