Top Day Market News
5.09
Finally some hard data points arrive today. We get wholesale inventories at 10 and oil inventories at 10:30. Crude is currently enduring its longest losing streak since 2010. The market continues to be caught between Greece and its inability to form a coalition government and Germany which is not willing to renegotiate previous austerity promises. Emerging markets are down 5 days in a row. EC flirting with outside daily support at 129.44. If Greece cannot form a coalition government, an interim government will be appointed and new elections will be called.
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 |
- |
||
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 |
||||||||
Date
|
ET
|
Release
|
For
|
Actual
|
Briefing.com Briefing.com
|
Prior
|
Revised
|
|
Forecast
|
Consensus
|
From
|
||||||
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
|
1328.50
|
1347.00 |
1345.50
|
1369.75 |
1395.0 |
1428.50 |
|
0 |
||||||||
ES
|
||||||||
June
|
U
|
2540.50
|
2597.50 |
2590.00
|
2648.00 |
2710.0 |
2795.00 |
|
Nasda
|
||||||||
q
|
||||||||
June
|
D
|
123.46
|
124.35 |
125.00 |
125.59 |
125.87 |
126.50 |
|
Yen
|
||||||||
June
|
D
|
129.47
|
130.18 |
129.44 |
130.70 |
132.23 |
133.57 |
|
EC
|
||||||||
June
|
U
|
131.17
|
132.03 |
132.20
|
133.13 |
132.03 |
133.07 |
|
10
|
||||||||
Year
|
||||||||
June
|
U
|
141.09 |
142.16 |
143.26 |
145.00 |
144.11 |
144.31 |
|
30
|
||||||||
Year
|
||||||||
July
|
D
|
14.28
|
14.53 |
14.10 |
14.61 |
15.07 |
15.37 |
|
Soybea
|
||||||||
ns
|
||||||||
July
|
U
|
5.88 |
6.04 |
6.17 |
6.304 |
6.35 |
6.50 |
|
Corn
|
||||||||
June
|
D
|
1601.9
|
1622.5 |
1569.10 |
1630.8 |
1668.0 |
1692.9 |
|
Gold
|
0 |
|||||||
July
|
D
|
28.85 |
29.58 |
28.58 |
30.01 |
31.25 |
32.18 |
|
Silver
|
||||||||
July
|
D
|
360 |
366 |
359
|
374 |
382 |
392 |
|
Coppe
|
|||||||
r
|
|||||||
July
|
D
|
92.36 |
95.70 |
96.02
|
98.60 |
104.50 |
110.10 |
Crude
|
|||||||
