05.08.13
Top Day Market News
Another quiet day in terms of economic releases. All we get is the crude inventories at 1030. Also, we are in the second day of the three-day treasury auction. Today ten-year notes will be auctioned off with the results coming in at one o’clock. 30 year bonds are auctioned tomorrow. Stocks seem to be consolidating around 15,000 without any new economic data points come into play. In Germany, fell back after industrial production in stronger than expected. Portugal also had a fairly successful bond sale. Without the introduction of outside data points, markets are happy to trade technical levels.
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Week of May 06 - May 10 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 07 |
15:00 |
Consumer Credit |
Mar |
|
$16.0B |
$16.3B |
$18.1B |
|
|
|
May 08 |
07:00 |
MBA Mortgage Index |
05/04 |
|
NA |
NA |
1.8% |
|
|
|
May 08 |
10:30 |
Crude Inventories |
05/04 |
|
NA |
NA |
6.696M |
|
|
|
May 09 |
08:30 |
Initial Claims |
05/04 |
|
340K |
336K |
324K |
|
|
|
May 09 |
08:30 |
Continuing Claims |
04/27 |
|
3050K |
3019K |
3019K |
|
|
|
May 09 |
10:00 |
Wholesale Inventories |
Mar |
|
0.3% |
0.3% |
-0.3% |
|
|
|
May 09 |
10:30 |
Natural Gas Inventories |
05/04 |
|
NA |
NA |
43 bcf |
|
|
|
May 10 |
14:00 |
Treasury Budget |
Apr |
|
NA |
NA |
+$59.1B |
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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 |
1558.5 |
1583.75 |
1612.50 |
1625 |
1624.5 |
1639.50 |
|
Jun Nasdaq |
U |
2784 |
2860.75 |
2936 |
2956 |
2981 |
3024.5 |
|
Jun JY |
D |
99.25 |
100.12 |
100.008 |
101.32 |
102.49 |
103.99 |
|
Jun EC |
U |
129.19 |
130.16 |
130.61 |
131.25 |
132.29 |
133.45 |
|
Jun 10 Year |
D |
132.03 |
132.15 |
132.15 |
132.26 |
133.16 |
134.04 |
|
Jun 30 Year |
D |
145.01 |
146.12 |
145.22 |
146.24 |
148.28 |
150.21 |
|
July Soybeans |
D |
13.37 |
13.615 |
13.71 |
13.94 |
14.18 |
15.50 |
|
July Corn |
U |
6.08 |
6.34 |
6.33 |
6.45 |
6.78 |
6.95 |
|
June Gold |
D |
1418.3 |
1444.50 |
1436 |
1465 |
1491.9 |
1513.3 |
|
July Silver |
D |
22.58 |
23.33 |
23.45 |
24.09 |
24.70 |
25.32 |
|
July Copper |
U |
294 |
312 |
326 |
334 |
340 |
349 |
|
June Crude |
U |
87.99 |
91.80 |
94.94 |
96.28 |
97.73 |
99.85 |
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