Top Day Market News
6.05.12
We just get the Institute for Supply Management Service Index this morning at 10. Overnight, there was a drop in German factory orders and the Australia cut rates. The European Central Bank meets tomorrow. It also seems that Germany is more open to establishing a euro zone bad debt pool and paying that off over 25 years. This isn’t suggesting the issuance of a euro bond or jointly issued debt; the Germans regard a euro bond as unconstitutional. Even the idea of a common bad debt pool could take years to implement as it would involve treaty alterations and Italy and France may even regard this idea as inadequate. The elections in Greece on June 17th could even result in more elections.
|
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 |
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jun 07 |
08:30 |
|
06/02 |
|
375K |
375K |
383K |
|
|
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 |
1262.50 |
1291.50 |
1314.5 0 |
1354.50 |
|
June Nasda q |
D |
2377 |
2416 |
2441.50 |
2507.00 |
2532 |
2609 |
|
June Yen |
U |
124.14 |
126.10 |
127.00 |
128.12 |
124.91 |
130.76 |
|
June EC |
PRD(U) |
121.05 |
122.59 |
124.15 |
125.88 |
125.96 |
127.79 |
|
Sept 10 Year |
U |
131.19 |
133.05 |
133.16 |
134.21 |
135.20 |
136.16 |
|
Sept 30 Year |
U |
144.31 |
148.26 |
150.10 |
152.07 |
156.11 |
156.25 |
|
July Soybea ns |
U |
12.70 |
13.07 |
13.29 |
13.66 |
13.91 |
14.39 |
|
July Corn |
D |
5.29 |
5.40 |
5.60 |
5.76 |
5.73 |
5.94 |
|
Aug Gold |
U |
1497.3 |
1562.4 |
1606 |
1637 |
1662.3 0 |
1697.0 |
|
July Silver |
D |
26.60 |
27.63 |
27.74 |
28.93 |
29.22 |
29.78 |
|
July Coppe r |
D |
316 |
324 |
324 |
341 |
345 |
358 |
|
July Crude |
D |
76.0 |
81.80 |
82.00 |
86.36 |
89.55 |
95.84 |
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