5.7.2014
Top Day Market News
Overnight, as yields drop so does the dollar. At least that was yesterday’s theme. Germany factory orders drop. This stemmed the recent advance of the EC. Draghiu certainly doesn’t want to see the EC above 140.00 but really can’t do much to stop it.
Crude is slightly higher as API data showed a modest draw in stocks. Supply/demand ratios remain negative.
Fed Chairman Yellen will be speaking later today.
|
Week of May 05 - May 09 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 05 |
10:00 |
ISM Services |
Apr |
|
54.0 |
54.0 |
53.1 |
|
|
May 06 |
08:30 |
Trade Balance |
Mar |
|
-$42.5B |
-$42.5B |
-$42.3B |
|
|
May 07 |
07:00 |
MBA Mortgage Index |
05/03 |
|
NA |
NA |
NA |
|
|
May 07 |
08:30 |
Productivity-Prel |
Q1 |
|
-1.2% |
-1.2% |
1.8% |
|
|
May 07 |
08:30 |
Unit Labor Costs |
Q1 |
|
2.5% |
2.5% |
-0.1% |
|
|
May 07 |
10:30 |
Crude Inventories |
05/03 |
|
NA |
NA |
1.698M |
|
|
May 07 |
15:00 |
Consumer Credit |
Mar |
|
$16.0B |
$16.1B |
$16.5B |
|
|
May 08 |
08:30 |
Initial Claims |
05/03 |
|
325K |
325K |
344K |
|
|
May 08 |
08:30 |
Continuing Claims |
04/26 |
|
2750K |
2750K |
2771K |
|
|
May 08 |
10:30 |
Natural Gas Inventories |
05/03 |
|
NA |
NA |
82 bcf |
|
|
May 09 |
10:00 |
Wholesale Inventories |
Mar |
|
1.1% |
1.0% |
0.5% |
|
|
May 09 |
10:00 |
JOLTS - Job Openings |
Mar |
|
NA |
NA |
4.173M |
|
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 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 |
|
June ES |
U |
1825.00 |
1849.0 0 |
1857 |
1876 |
1891.0 0 |
1909.50 |
|
June Nasdaq |
U |
3429 |
3502 |
3531 |
3587 |
3627 |
3678 |
|
June Yen |
U |
96.41 |
97.12 |
98.05 |
98.73 |
98.38 |
98.75 |
|
June EC |
U |
137.22 |
137.96 |
138.85 |
139.64 |
139.11 |
139.62 |
|
June 10 Year Note |
U |
123.05 |
123.29 |
124.15 |
124.27 |
125.04 |
125.20 |
|
June 30 Year Bond |
U |
132.25 |
134.15 |
135.21 |
136.21 |
137.00 |
138.07 |
|
July Soybean |
PRD(D) |
14.11 |
14.41 |
14.46 |
14.68 |
15.10 |
15.50 |
|
July Corn |
PRD(U) |
4.82 |
4.90 |
5.065 |
5.23 |
5.15 |
5.30 |
|
June Gold |
U |
1258.40 |
1279.4 |
1303.90 |
1319 |
1314 |
1327 |
|
July Silver |
U |
18.22 |
18.85 |
19.52 |
19.89 |
19.95 |
20.41 |
|
July Copper |
U |
295.50 |
301.00 |
304 |
306.60 |
311 |
315 |
|
June Crude |
D |
96.85 |
98.40 |
99.31 |
100.96 |
101.88 |
103.77 |
|
|
|
|
|
|
|
|
|