07.05.13
Top Day Market News
Recall that the ADP private jobs forecast came in at 188K. The Government’s number was +195K, stonger than expected. This will give traders the idea that the economy is strong enough to begin tapering QE. Part time workers increased by over 300K.
Yesterday, Europe rallied strongly as the ECB and Bank of England both indicated that rates there would remain low interminably. The ensuing equity rally migrated across the pond to the US and only served to further strengthen the dollar.
Crude soared on Wednesday on Egyptian unrest.
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Week of July 01 - July 05 |
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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 |
1613 |
1629 |
1622.7 |
1649.25 |
|
Sept Nasdaq |
U |
2775.50 |
2837.25 |
2944.50 |
2977 |
2941.5 |
2983.50 |
|
Sept Yen |
D |
98.95 |
99.91 |
99.45 |
100.37 |
102.50 |
104.13 |
|
Sept EC |
D |
128.87 |
129.55 |
128.67 |
130.08 |
131.25 |
132.23 |
|
Sept 10 Year |
D |
124.08 |
125.13 |
125.20 |
126.16 |
127.10 |
128.02 |
|
Sept 30 Year |
D |
132.01 |
133.30 |
134.18 |
135.27 |
136.30 |
138.01 |
|
Nov Soybeans |
D |
12.28 |
12.40 |
|
|
12.74 |
12.96 |
|
Sept Corn |
D |
5.12 |
5.29 |
|
|
5.75 |
6.04 |
|
Aug Gold |
D |
1117 |
1175 |
1236.90 |
1256.60 |
1297.2 |
1359.6 |
|
Sept Silver |
U |
17.29 |
18.44 |
19.13 |
19.79 |
20.46 |
21.33 |
|
Sept Copper |
U |
283 |
299 |
311 |
317 |
311 |
316 |
|
Aug Crude |
U |
90.56 |
93.50 |
100.32 |
101.88 |
98.65 |
100.80 |
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