05.30.03
Top Day Market News
Pending home sales at 10. The crude stats from the Energy Information Agency, the statistical arm of the Department of Energy, will be released at 10:30 AM. They were delayed of course by the observance of Memorial Day on Monday. The trade is looking for a draw in crude stocks of 500,000 barrels. The American Petroleum Institute, the industry tabulation, stated that crude stocks rose by 4.4 million barrels. Crude is lower going into the number based on reduced expectations for energy off-take from China.
The second estimate of first quarter GDP comes in at 2.4%. Initial jobless claims were higher by 10,000 to 354,000. These numbers are a little on the weak side and may encourage arguments against tapering quantitative easing which would be a stock market positive.
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Week of May 27 - May 31 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
May 28 |
09:00 |
Case-Shiller 20-city Index |
Mar |
|
10.0% |
10.1% |
9.3% |
|
|
|
May 28 |
10:00 |
Consumer Confidence |
May |
|
72.5 |
72.5 |
68.1 |
|
|
|
May 29 |
07:00 |
MBA Mortgage Index |
05/25 |
|
NA |
NA |
-9.8% |
|
|
|
May 30 |
08:30 |
Initial Claims |
05/25 |
|
345K |
340K |
340K |
|
|
|
May 30 |
08:30 |
Continuing Claims |
05/18 |
|
3000K |
3000K |
2912K |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
May 30 |
08:30 |
GDP - Second Estimate |
Q1 |
|
2.7% |
2.5% |
2.5% |
|
|
May 30 |
08:30 |
GDP Deflator - Second Estimate |
Q1 |
|
1.2% |
1.2% |
1.2% |
|
|
May 30 |
10:00 |
Pending Home Sales |
Apr |
|
0.0% |
1.5% |
1.5% |
|
|
May 30 |
10:30 |
Natural Gas Inventories |
05/25 |
|
NA |
NA |
89 bcf |
|
|
May 30 |
11:00 |
Crude Inventories |
05/25 |
|
NA |
NA |
- 0.338M |
|
|
May 31 |
08:30 |
Personal Income |
Apr |
|
-0.2% |
0.1% |
0.2% |
|
|
May 31 |
08:30 |
Personal Spending |
Apr |
|
0.1% |
0.1% |
0.2% |
|
|
May 31 |
08:30 |
PCE Prices - Core |
Apr |
|
0.1% |
0.1% |
0.0% |
|
|
May 31 |
09:45 |
Chicago PMI |
May |
|
49.5 |
49.3 |
49.0 |
|
|
May 31 |
09:55 |
Michigan Sentiment - Final |
May |
|
82.5 |
83.7 |
83.7 |
|
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 |
D |
1605 |
1626 |
1637 |
1656 |
1679.50 |
1709.25 |
|
Jun Nasdaq |
D |
2910 |
2951 |
29799 |
3010 |
3043 |
3094 |
|
Jun JY |
D |
9528 |
9714 |
97.83 |
99.60 |
10011 |
10122 |
|
Jun EC |
D |
127.35 |
128.27 |
128.56 |
129.97 |
130.05 |
130.91 |
|
Jun 10 Year |
D |
130.01 |
130.22 |
129.27 |
130.26 |
132.06 |
133.01 |
|
Jun 30 Year |
D |
140.25 |
142.25 |
140.13 |
142.10 |
144.28 |
146.13 |
|
July Soybeans |
U |
13.85 |
14.30 |
14.88 |
15.17 |
15.34 |
15.92 |
|
July Corn |
D |
6.15 |
6.36 |
6.54 |
6.71 |
6.73 |
6.90 |
|
June Gold |
D |
1301.3 |
13.43 |
1381 |
1397 |
1420 |
1455 |
|
July Silver |
D |
18.91 |
20.61 |
22.22 |
22.57 |
23.65 |
24.99 |
|
July Copper |
U |
317 |
323 |
324 |
332 |
338 |
347 |
|
July Crude |
U |
89.33 |
91.60 |
92.23 |
94.62 |
96.74 |
99.61 |
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