Top Day Market News
5.23.12
The economic release week continues to be quiet with just the release of new home sales at 10 and the regularly scheduled oil inventories at 10:30.
Maybe the ever growing number of story lines emanating from the Facebook IPO can distract the market away from the Greek saga. Then again, maybe not. The EC traded to its weakest level since August 2010 on the idea that the upcoming Euro summit will not provide new measures to reverse the sovereign debt crisis. New elections in Greece are scheduled for June 17th. 80% of Greeks want to stay in the ECU and are afraid of the tremendous dislocations that would last for at least 18 to 24 months if they returned to the Drachma. Even if Greece leaves the EU it won’t be overnight.
|
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 |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 24 |
08:30 |
|
05/12 |
|
3250K |
3250K |
3265K |
|
|
May 24 |
08:30 |
|
Apr |
|
-1.5% |
0.3% |
-3.9% |
-4.0% |
|
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 |
1297.25 |
1325.00 |
1331.2 5 |
1371.75 |
|
June Nasda q |
D |
2369.25 |
2418.75 |
2500.50 |
2557.00 |
2567.0 0 |
2665.75 |
|
June Yen |
D |
123.29 |
124.89 |
124.33 |
126.66 |
127.36 |
128.23 |
|
June EC |
D |
125.00 |
126.19 |
125.72 |
128.06 |
128.82 |
130.26 |
|
June 10 Year |
U |
132.23 |
133.08 |
133.03 |
133.25 |
134.03 |
134.12 |
|
June 30 Year |
D |
143.25 |
146.02 |
146.12 |
148.06 |
149.21 |
150.31 |
|
July Soybea ns |
D |
13.36 |
13.70 |
13.48 |
14.08 |
14.444 |
14.84 |
|
July Corn |
PRD(D) |
5.54 |
5.95 |
5.69 |
6.22 |
6.57 |
6.79 |
|
June Gold |
D |
1501.2 |
1546.5 |
1544 |
1593.60 |
1617.3 |
1642.8 |
|
July Silver |
D |
25.86 |
27.26 |
27.44 |
28.66 |
29.53 |
30.40 |
|
July Copper |
U |
327 |
336 |
340 |
352 |
360 |
376 |
|
|
|
|
|
|
|
|
|
|
July Crude |
D |
88.07 |
89.86 |
90.01 |
93.03 |
94.83 |
98.01 |
|
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