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Spanish bonds decline after election results.

Market News

05.09.13

Top Day Recommendations

Another rainy morning in New York City. Weekly jobless claims and 4000. This speaks to a reduction in firing and is not really a data point for new hiring. Some modest profit- taking  finally hits the stock market. Spanish bonds decline after election results. The jobless claims number is a five- year low. The Bank of England seems reluctant to expand stimulus. UK Industrial production exceeds expectations for the merry month of May. Greek unemployment is at 27%. And the only market that went ballistic overnight was the Aussie dollar. Market was too heavily short going into Pac rim session.


 

Week of May 06 - May 10

 

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

 

 

 

                 

 

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


 

Trend

WS2

WS1

DS

DR

WR1

WR2

Jun ES


U

1558.5

1583.75

1620.50

1637.00

1624.5

1639.50

Jun Nasdaq


U

2784

2860.75

2947.50

2990.50

2981

3024.5

Jun JY


PRD( U)

99.25

100.12

100.91

101.51

102.49

103.99

Jun EC


U

129.19

130.16

130.92

132.15

132.29

133.45

Jun 10 Year


D

132.03

132.15

132.18

132.29

133.16

134.04

Jun 30 Year


D

145.01

146.12

146.05

147.03

148.28

150.21

July Soybeans


PRD( U)

13.37

13.615

13.78

14.62

14.18

15.50

July Corn


U

6.08

6.34

6.25

6.416

6.78

6.95

June Gold


D

1418.3

1444.50

1455

1484

1491.9

1513.3

July Silver


D

22.58

23.33

23.67

24.13

24.70

25.32

July Copper


U

294

312

330

341

340

349

June Crude


U

87.99

91.80

95.65

97.18

97.73

99.85

 

 

 

 

 

 

 

 

 News