Top Day Market News
5.30.12
All we get today is pending home sales today. Overnight, European stocks are off as Italian and Spanish debt yields surge. The EC approaches a two year low. There was a brief spike higher on a news headline which indicated that the ECB is envisioning a European banking alliance. The EC is down for the seventh consecutive day against the Yen. The yield on 10 year Spanish debt rose to 6.7% as Spain seeks to recapitalize its banks. Spain’s default risk is at record levels. Euro is at oversold levels based on RSI at 19 so be aware of snap back rallies.
|
Week of May 28 - June 01 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 29 |
09:00 |
Case-Shiller 20-city Index |
Mar |
|
-3.0% |
-2.8% |
-3.5% |
|
|
May 29 |
10:00 |
|
May |
|
71.0 |
69.0 |
69.2 |
|
|
May 30 |
07:00 |
MBA Mortgage Index |
05/26 |
|
NA |
NA |
3.8% |
|
|
May 30 |
10:00 |
Pending Home Sales |
Apr |
|
2.0% |
-1.0% |
4.1% |
|
|
May 31 |
07:30 |
Challenger Job Cuts |
May |
|
NA |
NA |
11.2% |
|
|
May 31 |
08:15 |
ADP Employment Change |
May |
|
165K |
145K |
119K |
|
|
May 31 |
08:30 |
|
05/26 |
|
365K |
370K |
NA |
|
|
May 31 |
08:30 |
|
05/19 |
|
3250K |
3265K |
NA |
|
|
May 31 |
08:30 |
Q1 |
|
1.9% |
1.9% |
2.2% |
|
|
|
May |
08:30 |
Q1 |
|
1.5% |
1.5% |
1.5% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
31 |
|
|
|
|
|
|
|
|
|
May 31 |
09:45 |
|
May |
|
55.0 |
57.5 |
56.2 |
|
|
May 31 |
11:00 |
Crude Inventories |
05/26 |
|
NA |
NA |
0.883M |
|
|
Jun 01 |
08:30 |
|
May |
|
175K |
155K |
115K |
|
|
Jun 01 |
08:30 |
May |
|
185K |
172K |
130K |
|
|
|
Jun 01 |
08:30 |
|
May |
|
8.0% |
8.1% |
8.1% |
|
|
Jun 01 |
08:30 |
|
May |
|
0.1% |
0.2% |
0.0% |
|
|
Jun 01 |
08:30 |
|
May |
|
34.5 |
34.5 |
34.5 |
|
|
Jun 01 |
08:30 |
|
Apr |
|
0.2% |
0.3% |
0.4% |
|
|
Jun 01 |
08:30 |
|
Apr |
|
0.2% |
0.3% |
0.3% |
|
|
Jun 01 |
08:30 |
|
April |
|
0.2% |
0.2% |
0.2% |
|
|
Jun 01 |
10:00 |
|
May |
|
53.0 |
54.0 |
54.8 |
|
|
Jun 01 |
10:00 |
Apr |
|
0.0% |
0.5% |
0.1% |
|
|
|
Jun 01 |
14:00 |
|
May |
|
NA |
NA |
5.0M |
|
|
Jun 01 |
14:00 |
|
May |
|
NA |
NA |
6.0 |
|
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 |
1268.50 |
1291.50 |
1311.75 |
1339 |
1334 |
1353 |
|
June Nasda q |
D |
2420 |
2472 |
2515.50 |
2575.50 |
2586 |
2613 |
|
June Yen |
D |
123.92 |
124.75 |
125.47 |
126.49 |
126.42 |
127.26 |
|
June EC |
D |
122.83 |
124.00 |
123.62 |
125.88 |
127.3 |
129.43 |
|
June 10 Year |
U |
132026 |
133.09 |
133.16 |
134.11 |
134.02 |
134.15 |
|
June 30 Year |
PRD(U) |
145.25 |
146.24 |
147.05 |
148.29 |
128.20 |
149.17 |
|
July Soybea ns |
U |
13.13 |
13.48 |
13.66 |
13.99 |
14.20 |
14.57 |
|
July Corn |
D |
5.27 |
5.53 |
5.41 |
5.78 |
6.24 |
6.70 |
|
June Gold |
D |
1502 |
1537 |
1521.5 |
1572.9 |
1603 |
1634 |
|
July Silver |
D |
26.6 |
27.41 |
27.03 |
28.46 |
29.19 |
29.91 |
|
July Coppe r |
PRD(U) |
330 |
337 |
341 |
349 |
352 |
360 |
|
July Crude |
D |
87.05 |
88.88 |
89.11 |
91.89 |
92.94 |
95.17 |
|
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|
|
|
|
|
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