Top Day Market News
7.03.12
Yesterday, ISM came in under 50. Stock market traded well despite that. NYSE closes early today with the closing bell at 1 PM. Bond market closes early as well. Tomorrow is closed for July 4th. The rest of the world remains open so caveat emptor.
Oil is higher overnight as the US increases its military presence in the Strait of Hormuz. There are currently eight mine sweepers in the region. Yesterday, there was a brief spike higher as Iran mentioned blockading the Strait as a response to the oil embargo. It should be expected that Iran will back away from its current rhetoric.
Factory orders at 10.
|
Week of July 02 - July 06 |
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|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 02 |
10:00 |
Jun |
|
51.5 |
52.2 |
53.5 |
|
|
|
Jul 02 |
10:00 |
May |
|
0.2% |
0.2% |
0.3% |
|
|
|
Jul 03 |
10:00 |
May |
|
0.5% |
0.4% |
-0.6% |
|
|
|
Jul 03 |
14:00 |
Jun |
|
NA |
NA |
4.7M |
|
|
|
Jul 03 |
14:00 |
Jun |
|
NA |
NA |
5.9M |
|
|
|
Jul 05 |
07:00 |
MBA Mortgage Index |
06/30 |
|
NA |
NA |
-7.1% |
|
|
Jul 05 |
07:30 |
Challenger Job Cuts |
Jun |
|
NA |
NA |
66.7% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 05 |
08:15 |
ADP Employment Change |
Jun |
|
110K |
105K |
133K |
|
|
Jul 05 |
08:30 |
06/30 |
|
385K |
385K |
386K |
|
|
|
Jul 05 |
08:30 |
06/23 |
|
3275K |
3283K |
3296K |
|
|
|
Jul 05 |
10:00 |
Jun |
|
53.0 |
53.0 |
53.7 |
|
|
|
Jul 05 |
11:00 |
Crude Inventories |
06/30 |
|
NA |
NA |
- 0.133M |
|
|
Jul 06 |
08:30 |
Jun |
|
100K |
100K |
69K |
|
|
|
Jul 06 |
08:30 |
Jun |
|
110K |
105K |
82K |
|
|
|
Jul 06 |
08:30 |
Jun |
|
8.1% |
8.2% |
8.2% |
|
|
|
Jul 06 |
08:30 |
Jun |
|
0.1% |
0.2% |
0.1% |
|
|
|
Jul 06 |
08:30 |
Jun |
|
34.5 |
34.4 |
34.4 |
|
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 |
|
Sept ES |
U |
1282.50 |
1319.50 |
1350.50 |
1369.25 |
1376.5 0 |
1396.50 |
|
Sept Nasda q |
U |
2463.75 |
2536.75 |
2602.50 |
2632.00 |
2649.5 0 |
2689..25 |
|
Sept Yen |
D |
122.97 |
124.16 |
124.70 |
126.41 |
126.53 |
127.71 |
|
Sept EC |
D |
123.10 |
124.89 |
125.13 |
126.57 |
127.75 |
128.82 |
|
Sept 10 Year |
D |
132.13 |
132.28 |
133.14 |
134.25 |
133.30 |
134.16 |
|
Sept 30 Year |
D |
146.09 |
147.04 |
148.08 |
151.13 |
149.13 |
150.27 |
|
Nov Soybea ns |
D |
13.73 |
14.00 |
14.27 |
14.66 |
14.41 |
14.67 |
|
Sept Corn |
U |
5.31 |
5.79 |
6.42 |
6.66 |
6.63 |
6.98 |
|
Aug |
D |
1524.40 |
1561.50 |
1588.50 |
1612.4 |
1621.7 |
1644.80 |
|
Gold |
|
|
|
|
|
0 |
|
|
Sept Silver |
D |
25.34 |
26.40 |
27.25 |
27.84 |
28.21 |
28.96 |
|
Sept Coppe r |
D |
320 |
335 |
344 |
352 |
358 |
366 |
|
Aug Crude |
U |
74.43 |
79.65 |
82.22 |
86.58 |
87.71 |
90.55 |
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