Top Day Market News
6.04.12
Just factory orders today at 10. Bonds are off a bit today as they are priced for recession. At the end of last week, commodities as a group were at 18 month lows. Slowdowns in China, India and the ongoing sovereign debt crisis acted synergistically to drop yields to unsustainable levels. The yield in German two year paper was actually negative. They will give you back less money than you gave them two years from now. Focus last week shifted to Spain and away from Greece last week. Gold rallied on QE3 hopes in the wake of the dismal unemployment number. Technically, the EC had a key reversal on Friday, a higher high, a lower low and a higher close but will it get enough headlines to carry it higher?
|
Week of June 04 - June 08 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 04 |
10:00 |
|
Apr |
|
-0.3% |
0.1% |
-1.9% |
-1.5% |
|
Jun 05 |
10:00 |
|
May |
|
52.0 |
53.0 |
53.5 |
|
|
Jun 06 |
07:00 |
MBA Mortgage Index |
06/02 |
|
NA |
NA |
-1.3% |
|
|
Jun 06 |
08:30 |
|
Q1 |
|
-0.8% |
0.7% |
-0.5% |
|
|
Jun 06 |
08:30 |
|
Q1 |
|
2.2% |
2.3% |
-2.0% |
|
|
Jun 06 |
10:30 |
Crude Inventories |
06/02 |
|
NA |
NA |
2.213M |
|
|
Jun 06 |
14:00 |
Fed's Beige Book |
May |
|
|
|
|
|
|
Jun |
08:30 |
06/02 |
|
375K |
375K |
383K |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
07 |
|
|
|
|
|
|
|
|
|
Jun 07 |
08:30 |
|
05/26 |
|
3250K |
3250K |
3242K |
|
|
Jun 07 |
15:00 |
|
Apr |
|
$10.0B |
$12.7B |
$21.4B |
|
|
Jun 08 |
08:30 |
|
Apr |
|
-$49.9B |
-$49.9B |
- $51.8B |
|
|
Jun 08 |
10:00 |
Apr |
|
0.2% |
0.5% |
0.3% |
|
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 |
1233.25 |
1253.50 |
1251 |
1296.50 |
1314.5 0 |
1354.50 |
|
June Nasda q |
D |
2377 |
2416 |
249.00 |
2500.00 |
2532 |
2609 |
|
June Yen |
U |
124.14 |
126.10 |
127.13 |
128.89 |
124.91 |
130.76 |
|
June EC |
D |
121.05 |
122.59 |
123.13 |
124.87 |
125.96 |
127.79 |
|
Sept 10 Year |
U |
131.19 |
133.05 |
134.04 |
135.04 |
135.20 |
136.16 |
|
Sept 30 Year |
U |
144.31 |
148.26 |
148.07 |
154.07 |
156.11 |
156.25 |
|
July Soybea ns |
U |
12.70 |
13.07 |
13.21 |
13.62 |
13.91 |
14.39 |
|
July Corn |
D |
5.29 |
5.40 |
5.41 |
5.70 |
5.73 |
5.94 |
|
Aug Gold |
U |
1497.3 |
1562.4 |
1567 |
1654 |
1662.3 0 |
1697.0 |
|
July Silver |
D |
26.60 |
27.63 |
27.56 |
29.07 |
29.22 |
29.78 |
|
July Coppe r |
D |
316 |
324 |
325 |
336 |
345 |
358 |
|
July Crude |
D |
76.0 |
81.80 |
79.73 |
85.78 |
89.55 |
95.84 |
|
|
|
|
|
|
|
|
|
