Top Day Market News
5.07
Hollande wins in France and Greek voters migrate to anti- bail out parties leaving the country without a ruling majority. Even Merkel loses some traction with party loses in two voting districts. The first reaction last night was probably an over-reaction. Compared to prices last night, stability has returned and currency markets are fairly restrained heading into the NY opening. There are no economic releases of consequence scheduled over the next two days so the markets will have enough time to reconnoiter the new political landscape. The vote in France and Greece are against austerity as a way out of the sovereign debt crisis and express a desire to emphasize increased growth as the best way to restore prosperity.
Week of May 07 - May 11
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
May |
15:00 |
Consumer Credit |
Mar |
$10.0B |
$11.0B |
$8.7B |
||
07 |
||||||||
May |
07:00 |
MBA Mortgage Index |
05/05 |
NA |
NA |
0.9% |
||
09 |
||||||||
May |
10:00 |
Wholesale |
Mar |
0.6% |
0.6% |
0.9% |
||
09 |
Inventories |
|||||||
May |
10:30 |
Crude Inventories |
05/05 |
NA |
NA |
2.840M |
||
09 |
||||||||
May |
08:30 |
Initial Claims |
05/05 |
365K |
365K |
365K |
||
10 |
||||||||
May |
08:30 |
Continuing Claims |
04/28 |
3300K |
3288K |
3276K |
||
10 |
||||||||
May |
08:30 |
Trade Balance |
Mar |
-$49.5B |
-$49.9B |
- |
||
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
10 |
$46.0B |
|||||||
May |
08:30 |
Export Prices ex-ag. |
Apr |
NA |
NA |
0.5% |
||
10 |
||||||||
May |
08:30 |
Import Prices ex-oil |
Apr |
NA |
NA |
0.5% |
||
10 |
||||||||
May |
14:00 |
Treasury Budget |
Apr |
NA |
NA |
- |
||
10 |
$40.4B |
|||||||
May |
08:30 |
PPI |
Apr |
0.1% |
0.0% |
0.0% |
||
11 |
||||||||
May |
08:30 |
Core PPI |
Apr |
0.2% |
0.2% |
0.3% |
||
11 |
||||||||
May |
09:55 |
Mich Sentiment |
May |
75.0 |
76.2 |
76.4 |
||
11 |
||||||||
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
|
D
|
1328.
|
1347.00 |
1343.50
|
1380. |
1395.0 |
1428.50 |
ES
|
50 |
50 |
0 |
||||
June
|
PRD(D)
|
2540.
|
2597.50 |
2575.25
|
2675. |
2710.0 |
2795.00 |
Nasda
|
50 |
00 |
|||||
q
|
|||||||
June
|
D
|
123.4
|
124.35 |
124.65 |
125.9 |
125.87 |
126.50 |
Yen
|
6
|
6
|
|||||
June
|
D
|
129.4
|
130.18 |
130.17 |
131.1 |
132.23 |
133.57 |
EC
|
7
|
7 |
|||||
June
|
U
|
131.1
|
132.03 |
132.05
|
133.0 |
132.03 |
133.07 |
10
|
7
|
5 |
|||||
Year
|
|||||||
June
|
U
|
141.0 |
142.16 |
132.05 |
133.0 |
144.11 |
144.31 |
30
|
9 |
5 |
|||||
Year
|
|||||||
July
|
D
|
14.28
|
14.53 |
14.49 |
14.87 |
15.07 |
15.37 |
Soybea
|
|||||||
ns
|
|||||||
July
|
U
|
5.88 |
6.04 |
6.07 |
6.29 |
6.35 |
6.50 |
Corn
|
June
|
D
|
1601. |
1622.5 |
1632 |
1653 |
1668.0 |
1692.9 |
Gold
|
9 |
0 |
|||||
July
|
D
|
28.85 |
29.58 |
29.98 |
30.68 |
31.25 |
32.18 |
Silver
|
|||||||
July
|
D
|
360 |
366 |
367
|
374 |
382 |
392 |
Coppe
|
|||||||
r
|
|||||||
July
|
D
|
92.36 |
95.70 |
96.42
|
101.6 |
104.50 |
110.10 |
3 |
|||||||
Crude
|
|||||||
