Top Day Market News
5.03
Overnight, the European Central Bank leaves rates at 1% as the recession in Europe continues. Commentary from Mario Draghi about the state of cureent affairs has put some pressure on the EC this morning. Crude oil stocks at multi year highs. Weekly claims come in at 365K, down 27K from expectations.
ISM services index out at 10.
Expect clouds of dust and then a settling in front of tomorrow morning’s monthly unemployment data.
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 |
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
|
|
|
|
|
|
Forecast
|
Consensus
|
|
From
|
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 |
|
|
||||||
|
|
|
|
|
|
|
|
|
|
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 |
1389.
|
1405.00 |
1416 |
1434 |
|
|
|
50
|
|
|
|
||
ES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June
|
U
|
2581
|
2659 |
2709
|
2750 |
2780 |
2823 |
|
|
|
|
|
|
|
||
Nasda
|
|
|
|
|
|
|
|
q
|
|
|
|
|
|
|
|
June
|
PRD(D)
|
121.
|
123.02 |
124.2 |
125.48 |
125.30 |
126.15 |
59 |
|
7 |
|
|
|
||
Yen
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
June
|
D
|
130.
|
131.55 |
130.5 |
132.31 |
133.21 |
133.80 |
|
|
|
|
|
|
|
||
EC
|
|
48 |
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
June
|
U
|
130.
|
131.12 |
131.2
|
132.14 |
132.23 |
133.09 |
|
|
|
8
|
|
|
|
||
10
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
|
|
|
|
|
|
|
|
June
|
U
|
139. |
141.11 |
142.0 |
143.26 |
143.26 |
144.30 |
|
|
|
|
|
|
|
||
30
|
|
31 |
|
5 |
|
|
|
|
|
|
|
|
|
|
|
|
Year
|
|
|
|
|
|
|
|
July
|
PRD(D)
|
14.0
|
14.50 |
14.73 |
15.04 |
15.25 |
15.55 |
|
|
|
|
|
|
|
||
Soybea
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ns
|
|
|
|
|
|
|
|
July
|
PRD(D)
|
5.93 |
6.23 |
5.97 |
6.23 |
6.69 |
6.85 |
Corn
|
|
|
|
|
|
|
|
June
|
PRD(D)
|
1606
|
1634.6 |
1636. |
1663.20 |
1679.4 |
1696.3 |
|
|
|
|
|
|
|
||
Gold
|
|
.7 |
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
July
|
D
|
29.2 |
30.27 |
30.05 |
31.00 |
32.02 |
32.75 |
|
|
|
|
|
|
|
||
Silver
|
|
5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July
|
U
|
353 |
368 |
372
|
382 |
391 |
398 |
|
|
|
|
|
|
|
||
Coppe
|
|
|
|
|
|
|
|
r
|
|
|
|
|
|
|
|
June
|
U
|
100. |
102.75 |
104.2
|
105.87 |
105.93 |
107.05 |
69 |
|
5
|
|
|
|
||
Crude
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
