Top Day Recommendations
7.06.12
Unemployment number today with the jobs creation forecast at 100K.
ADP private jobs forecast came in yesterday better than expected. So did initial claims. Maybe it was just too hot to wait in the unemployment line. These numbers are seasonally adjusted. Going forward maybe they should be temperature adjusted. That said, price action for equities wasn’t that great considering the ECB and Chinese rate cuts and the Bank Of England decided to continue its bond buying program (its own version of QE).
Crude was under pressure last night as the Japanese nuclear startup may reduce crude oil consumption by 60K barrels a day and the Norwegian government was expected to intervene in the current strike.
Stay out of the heat over the weekend.
|
Week of July 02 - July 06 |
||||||||
|
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% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 05 |
07:30 |
Challenger Job Cuts |
Jun |
|
NA |
NA |
66.7% |
|
|
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 |
1346.50 |
1372.0 |
1376.5 0 |
1396.50 |
|
Sept Nasda q |
U |
2463.75 |
2536.75 |
2605 |
2658.50 |
2649.5 0 |
2689..25 |
|
Sept Yen |
D |
122.97 |
124.16 |
124.44 |
125.74 |
126.53 |
127.71 |
|
Sept EC |
D |
123.10 |
124.89 |
122.19 |
125.53 |
127.75 |
128.82 |
|
Sept 10 Year |
D |
132.13 |
132.28 |
133.21 |
134.12 |
133.30 |
134.16 |
|
Sept 30 Year |
D |
146.09 |
147.04 |
148.14 |
149.27 |
149.13 |
150.27 |
|
Nov Soybea ns |
Prd(U) |
13.73 |
14.00 |
15.03 |
15.52 |
14.41 |
14.67 |
|
Sept Corn |
U |
5.31 |
5.79 |
6.76 |
7.30 |
6.63 |
6.98 |
|
Aug Gold |
D |
1524.40 |
1561.50 |
1583.4 |
1623.4 |
1621.7 0 |
1644.80 |
|
Sept Silver |
D |
25.34 |
26.40 |
26.96 |
28.20 |
28.21 |
28.96 |
|
Sept Coppe r |
D |
320 |
335 |
343 |
353 |
358 |
366 |
|
Aug Crude |
U |
74.43 |
79.65 |
85.08 |
88.63 |
87.71 |
90.55 |
|
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