06.03.13
Top Day Market News
Roll over to September Bonds and August Gold. Markets are clawing back some of their losses from Friday. We get the Institute for Supply Management at 10 as well as construction spending. The big number of the week will be the nonfarm payrolls number on Friday. The consensus is calling for the creation of about 175,000 jobs. The question now is if the economy comes in with stronger-than-expected numbers will this tip the Fed towards tapering sooner than later or does the fed need weaker than expected numbers to maintain quantitative easing. A news story indicated that hedge funds have switched their positions on crude oil to a long bias, may have encouraged buying this morning.
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Week of June 03 - June 07 |
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Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jun 03 |
10:00 |
ISM Index |
May |
|
49.5 |
50.9 |
50.7 |
|
|
|
Jun 03 |
10:00 |
Construction Spending |
Apr |
|
0.5% |
1.1% |
-1.7% |
|
|
|
Jun 03 |
14:00 |
Auto Sales |
May |
|
NA |
NA |
5.1M |
|
|
|
Jun 03 |
14:00 |
Truck Sales |
May |
|
NA |
NA |
6.8M |
|
|
|
Jun 04 |
08:30 |
Trade Balance |
Apr |
|
-$41.0B |
-$41.1B |
- $38.8B |
|
|
|
Jun 05 |
07:00 |
MBA Mortgage Index |
06/01 |
|
NA |
NA |
-8.8% |
|
|
|
Jun 05 |
08:15 |
ADP Employment Change |
May |
|
140K |
157K |
119K |
|
|
|
Jun 05 |
08:30 |
Productivity-Rev. |
Q1 |
|
0.9% |
0.6% |
0.7% |
|
|
|
|
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 05 |
08:30 |
Unit Labor Costs |
Q1 |
|
0.3% |
0.6% |
0.5% |
|
|
Jun 05 |
10:00 |
Factory Orders |
Apr |
|
1.5% |
1.5% |
-4.9% |
-4.0% |
|
Jun 05 |
10:00 |
ISM Services |
May |
|
52.5 |
53.5 |
53.1 |
|
|
Jun 05 |
10:30 |
Crude Inventories |
06/01 |
|
NA |
NA |
3.0M |
|
|
Jun 05 |
14:00 |
Fed's Beige Book |
Jun |
|
|
|
|
|
|
Jun 06 |
07:30 |
Challenger Job Cuts |
May |
|
NA |
NA |
-6.0% |
|
|
Jun 06 |
08:30 |
Initial Claims |
06/01 |
|
NA |
347K |
NA |
|
|
Jun 06 |
08:30 |
Continuing Claims |
05/25 |
|
NA |
2960K |
NA |
|
|
Jun 06 |
10:30 |
Natural Gas Inventories |
06/01 |
|
NA |
NA |
88 bcf |
|
|
Jun 07 |
08:30 |
Nonfarm Payrolls |
May |
|
170K |
164K |
165K |
|
|
Jun 07 |
08:30 |
Nonfarm Private Payrolls |
May |
|
185K |
174K |
176K |
|
|
Jun 07 |
08:30 |
Unemployment Rate |
May |
|
7.5% |
7.5% |
7.5% |
|
|
Jun 07 |
08:30 |
Hourly Earnings |
May |
|
0.2% |
0.2% |
0.2% |
|
|
Jun 07 |
08:30 |
Average Workweek |
May |
|
34.5 |
34.5 |
34.4 |
|
|
Jun 07 |
15:00 |
Consumer Credit |
Apr |
|
$10.0B |
$13.5B |
$8.0B |
|
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 |
1596 |
1611.50 |
1617.5 |
1649 |
1658 |
1688 |
|
Jun Nasdaq |
D |
2936 |
2996 |
2964 |
3009 |
3016 |
3056 |
|
Jun JY |
U |
9664 |
9799 |
9878 |
9983 |
10023 |
10112 |
|
Jun EC |
D |
127.37 |
128.60 |
129.32 |
130.47 |
130.84 |
131.85 |
|
Sept 10 Year |
D |
127.05 |
128.06 |
128.21 |
129.27 |
130.26 |
1332.13 |
|
Sept 30 Year |
D |
136.17 |
138.09 |
138.30 |
141.09 |
142.19 |
145.05 |
|
July Soybeans |
U |
14.47 |
14.78 |
14.95 |
15.37 |
15.34 |
15.59 |
|
July Corn |
D |
6.40 |
6.51 |
6.54 |
6.73 |
6.71 |
6.80 |
|
June Gold |
D |
1344 |
1365 |
1377 |
1414 |
1414.7 |
1442.4 |
|
July Silver |
D |
2149 |
21.64 |
21.94 |
22.69 |
22.60 |
23.41 |
|
July Copper |
U |
320 |
323 |
326 |
336 |
332 |
338 |
|
July Crude |
U |
88.67 |
90.14 |
91.07 |
93.36 |
94.50 |
97.39 |
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