07.03.13
Top Day Recommendations
It’s a busy day in terms of economic releases. There are also early closings to contend with in front of the Fourth of July holiday.
ADP private jobs forecast comes out at 8:15. The number came in at +188 which beat consensus. This preliminary gauge to Friday’s big number will be followed by Thursday’s usual release of weekly jobless claims. Then there’s the Institute for Supply Management services index at 10 and finally crude inventories out at 10:30 AM.
Overnight, stocks in Europe fell sharply as Portugal’s coalition government broke apart and crude oil soared well over a $100 a barrel on Egyptian political turmoil.
Check with the trading desk on Early closings for some markets.
|
|
Week of July 01 - July 05 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
Jul 01 |
10:00 |
ISM Index |
Jun |
|
50.5 |
50.5 |
49.0 |
|
|
|
Jul 01 |
10:00 |
Construction Spending |
May |
|
0.5% |
0.5% |
0.4% |
|
|
|
Jul 02 |
10:00 |
Factory Orders |
May |
|
2.0% |
2.0% |
1.0% |
|
|
|
Jul 02 |
14:00 |
Auto Sales |
Jun |
|
NA |
NA |
5.3M |
|
|
|
Jul 02 |
14:00 |
Truck Sales |
Jun |
|
NA |
NA |
6.8M |
|
|
|
Jul 03 |
07:00 |
MBA Mortgage Index |
06/29 |
|
NA |
NA |
-3.0% |
|
|
|
Jul 03 |
07:30 |
Challenger Job Cuts |
Jun |
|
NA |
NA |
-41.2% |
|
|
|
Jul 03 |
08:15 |
ADP Employment Change |
Jun |
|
150K |
150K |
135K |
|
|
Jul 03 |
08:30 |
Initial Claims |
06/29 |
|
345K |
348K |
346K |
|
|
Jul 03 |
08:30 |
Continuing Claims |
06/15 |
|
2960K |
2955K |
2965K |
|
|
Jul 03 |
08:30 |
Trade Balance |
May |
|
-$42.0B |
-$40.8B |
-$40.3B |
|
|
Jul 03 |
10:00 |
ISM Services |
Jun |
|
53.5 |
54.0 |
53.7 |
|
|
Jul 03 |
10:30 |
Crude Inventories |
06/29 |
|
NA |
NA |
0.018M |
|
|
Jul 03 |
12:00 |
Natural Gas Inventories |
06/29 |
|
NA |
NA |
95 bcf |
|
|
Jul 05 |
08:30 |
Nonfarm Payrolls |
Jun |
|
175K |
165K |
175K |
|
|
Jul 05 |
08:30 |
Nonfarm Private Payrolls |
Jun |
|
190K |
179K |
178K |
|
|
Jul 05 |
08:30 |
Unemployment Rate |
Jun |
|
7.6% |
7.6% |
7.6% |
|
|
Jul 05 |
08:30 |
Hourly Earnings |
Jun |
|
0.2% |
0.2% |
0.0% |
|
|
Jul 05 |
08:30 |
Average Workweek |
Jun |
|
34.5 |
34.5 |
34.5 |
|
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 |
1526.75 |
1561.00 |
1590.50 |
1617 |
1622.7 5 |
1649.25 |
|
Sept Nasdaq |
U |
2775.50 |
2837.25 |
2889 |
2940 |
2941.5 0 |
2983.50 |
|
Sept Yen |
D |
98.95 |
99.91 |
90.89 |
100.99 |
102.50 |
104.13 |
|
Sept EC |
D |
128.87 |
129.55 |
128.95 |
130.53 |
131.25 |
132.23 |
|
Sept 10 Year |
D |
124.08 |
125.13 |
126.13 |
127.02 |
127.10 |
128.02 |
|
Sept 30 Year |
Prd (U) |
132.01 |
133.30 |
135.20 |
136.22 |
136.30 |
138.01 |
|
Nov Soybeans |
D |
12.28 |
12.40 |
12.34 |
12.60 |
12.74 |
12.96 |
|
Sept Corn |
D |
5.12 |
5.29 |
5.23 |
5.39 |
5.75 |
6.04 |
|
Aug Gold |
D |
1117 |
1175 |
1232.40 |
1260.6 |
1297.2 |
1359.6 |
|
Sept Silver |
U |
17.29 |
18.44 |
19.08 |
19.65 |
20.46 |
21.33 |
|
Sept Copper |
U |
283 |
299 |
310 |
318 |
311 |
316 |
|
Aug Crude |
U |
90.56 |
93.50 |
98.29 |
101.25 |
98.65 |
100.80 |
|
|
|
|
|
|
|
|
|