06.06.13
Top Day Market News
Weekly jobless claims come in at 346,000, down 11,000 while the continuing claims number comes in at 2.95 million. Both are a little bit better than expected. We see slight selling pressure the bonds. The markets are otherwise largely unmoved by this data point. Of course we get the big number, nonfarm payrolls, the headline unemployment number, hourly earnings, average workweek all tomorrow at the strike at 8:30 AM. Today is potential reversal day for crude but it looks like it’s saving itself. Stocks were trying to claw back some of yesterday’s losses but are stalling at median levels.
Yesterday, the Fed’s Beige Book was a bit more upbeat in tone than many had expected. Of course, many are still looking for the effects of sequestration to provide an inexorable drag on the economy.
|
|
Week of June 03 - June 07 |
||||||||
|
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% |
|
|
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 |
1598 |
1625 |
1658 |
1688 |
|
Jun Nasdaq |
D |
2936 |
2996 |
2921 |
2966 |
3016 |
3056 |
|
Jun JY |
U |
96.64 |
97.99 |
99.86 |
101.37 |
100.23 |
101.12 |
|
Jun EC |
U |
127.37 |
128.60 |
130.54 |
131.50 |
130.84 |
131.85 |
|
Sept 10 Year |
D |
127.05 |
128.06 |
129.075 |
129.26 |
130.26 |
1332.13 |
|
Sept 30 Year |
D |
136.17 |
138.09 |
139.30 |
141.05 |
142.19 |
145.05 |
|
July Soybeans |
U |
14.47 |
14.78 |
15.21 |
15.46 |
15.34 |
15.59 |
|
July Corn |
D |
6.40 |
6.51 |
6.53 |
6.65 |
6.71 |
6.80 |
|
Aug Gold |
D |
1344 |
1365 |
1386.1 |
1407.5 |
1414.7 |
1442.4 |
|
July Silver |
D |
2149 |
21.64 |
22.26 |
22.71 |
22.60 |
23.41 |
|
July Copper |
U |
320 |
323 |
334 |
339 |
332 |
338 |
|
July Crude |
U |
88.67 |
90.14 |
93.27 |
94.94 |
94.50 |
97.39 |
|
|
|
|
|
|
|
|
|
