Top Day Market News
5.31.12
ADP private jobs forecast comes in at 133K. The Street was looking for 150K. Service sector comes in stronger than expected while manufacturing and construction comes in weaker than expected. Overnight, Spanish bond yields dropped 17 basis points to 6.48% from 6.70%. Of course, the big number comes in tomorrow with monthly jobs. German 10 year at a record low of 1.259%.
Later today we get crude supply/demand figures which were delayed a day from the holiday Monday. Crude is still heavy even after yesterday’s drop. For the forst time in a while, gold was bought yesterday as a hedge against sovereign debt contagion.
Q1 GDP comes in at 1.9% vs 2.2% with weekly jobless claims at 373K.
|
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 |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 31 |
08:30 |
Q1 |
|
1.5% |
1.5% |
1.5% |
|
|
|
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 |
1299.50 |
1325 |
1334 |
1353 |
|
June Nasda q |
D |
2420 |
2472 |
2513.50 |
2554 |
2586 |
2613 |
|
June Yen |
PRD(U) |
123.92 |
124.75 |
125.86 |
127.46 |
126.42 |
127.26 |
|
June EC |
D |
122.83 |
124.00 |
122.80 |
124.64 |
127.3 |
129.43 |
|
June 10 Year |
U |
132026 |
133.09 |
133.30 |
135.15 |
134.02 |
134.15 |
|
June 30 Year |
U |
145.25 |
146.24 |
148.04 |
151.13 |
148.20 |
149.17 |
|
July Soybea ns |
U |
13.13 |
13.48 |
13.47 |
13.90 |
14.20 |
14.57 |
|
July Corn |
D |
5.27 |
5.53 |
5.52 |
5.67 |
6.24 |
6.70 |
|
June Gold |
D |
1502 |
1537 |
1539.5 |
1578 |
1603 |
1634 |
|
July Silver |
D |
26.6 |
27.41 |
27.51 |
28.30 |
29.19 |
29.91 |
|
July Coppe r |
D |
330 |
337 |
331 |
345 |
352 |
360 |
|
July Crude |
sD |
87.05 |
88.88 |
86.42 |
90.07 |
92.94 |
95.17 |
|
|
|
|
|
|
|
|
|
