06.07.13
Top Day Recommendations
The unemployment number comes in at +175. The Street was looking for 163K. So this is a beat. Revisions were to the downside. Fiscal headwinds due to sequestration have yet to provide a real impediment to the market. Yesterday, currencies went ballistic to the upside with unwinding of the Yen carry trade. Money has been coming out of Japanese stocks and back into cash. Draghi’s comments yesterday at the ECB meeting were positive for the currency as he indicated that there was no need to achieve a zero interest rate target
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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% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
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 |
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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 |
1604.50 |
1632.50 |
1658 |
1688 |
|
Jun Nasdaq |
D |
2936 |
2996 |
2922 |
2965 |
3016 |
3056 |
|
Jun JY |
U |
96.64 |
97.99 |
100.83 |
106.32 |
100.23 |
101.12 |
|
Jun EC |
U |
127.37 |
128.60 |
131.12 |
133.44 |
130.84 |
131.85 |
|
Sept 10 Year |
PRD( U) |
127.05 |
128.06 |
129.07 |
130.12 |
130.26 |
1332.13 |
|
Sept 30 Year |
PRD( U) |
136.17 |
138.09 |
140.04 |
142.00 |
142.19 |
145.05 |
|
July Soybeans |
U |
14.47 |
14.78 |
15.19 |
15.34 |
15.34 |
15.59 |
|
July Corn |
D |
6.40 |
6.51 |
657 |
666 |
6.71 |
6.80 |
|
Aug Gold |
D |
1344 |
1365 |
1396 |
1429 |
1414.7 |
1442.4 |
|
July Silver |
D |
2149 |
21.64 |
22.36 |
22.94 |
22.60 |
23.41 |
|
July Copper |
U |
320 |
323 |
329 |
335 |
332 |
338 |
|
July Crude |
U |
88.67 |
90.14 |
93.83 |
95.49 |
94.50 |
97.39 |
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