Top Day Market News
5.21.12
No economic releases today. Over the weekend, there was some progress in Europe as Merkel and Hollande met in front of a European summit and China indicated that it would support its economy. The market is looking for at least a relief rally as last week saw the worst performance of the year. German bond yields are higher on the belief that some sort of proactive action to deal with Greece. Fears of the consequence of a Greek withdrawal form the EU drained 4 trillion of equity values from world markets last month. The sense coming out of the meeting between Merkel and Hollande was that growth rather than austerity will be emphasized in any action going forward. The Bank of Japan starts a two day meeting.
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Week of May 21 - May 25 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 22 |
10:00 |
|
Apr |
|
4.80M |
4.65M |
4.48M |
|
|
May 23 |
07:00 |
MBA Mortgage Index |
05/19 |
|
NA |
NA |
9.2% |
|
|
May 23 |
10:00 |
|
Apr |
|
340K |
340K |
328K |
|
|
May 23 |
10:00 |
FHFA Housing Price Index |
Mar |
|
NA |
NA |
0.3% |
|
|
May 23 |
10:30 |
Crude Inventories |
05/19 |
|
NA |
NA |
2.128M |
|
|
May 24 |
08:30 |
|
05/19 |
|
365K |
365K |
370K |
|
|
May 24 |
08:30 |
|
05/12 |
|
3250K |
3250K |
3265K |
|
|
May |
08:30 |
Apr |
|
-1.5% |
0.3% |
-3.9% |
-4.0% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
24 |
|
|
|
|
|
|
|
|
|
May 24 |
08:30 |
Apr |
|
0.0% |
1.0% |
-1.3% |
-0.8% |
|
|
May 25 |
09:55 |
Michigan Sentiment - Final |
May |
|
77.0 |
77.5 |
77.8 |
|
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 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 |
D |
1249.25 |
1270.00 |
1283.50 |
1317.75 |
1331.2 5 |
1371.75 |
|
June Nasda q |
D |
2369.25 |
2418.75 |
2450.25 |
2504.00 |
2567.0 0 |
2665.75 |
|
June Yen |
PRD(U) |
123.29 |
124.89 |
125.57 |
126.79 |
127.36 |
128.23 |
|
June EC |
D |
125.00 |
126.19 |
126.56 |
128.78 |
128.82 |
130.26 |
|
June 10 Year |
U |
132.23 |
133.08 |
133.11 |
133.03 |
134.03 |
134.12 |
|
June 30 Year |
U |
143.25 |
146.02 |
147.03 |
148.25 |
149.21 |
150.31 |
|
July Soybea ns |
U |
13.36 |
13.70 |
13.93 |
14.27 |
14.444 |
14.84 |
|
July Corn |
U |
5.54 |
5.95 |
6.23 |
6.50 |
6.57 |
6.79 |
|
June Gold |
PRD(U) |
1501.2 |
1546.5 |
1573.9 |
1615.4 |
1617.3 |
1642.8 |
|
July Silver |
PRD(U) |
25.86 |
27.26 |
28.03 |
29.14 |
29.53 |
30.40 |
|
July Coppe r |
PRD(U) |
327 |
336 |
342 |
351 |
360 |
376 |
|
July Crude |
D |
88.07 |
89.86 |
90.95 |
92.94 |
94.83 |
98.01 |
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