Top Day Market News
7.09.12
Friday’s unemployment number came in below expectations and for the majority of the session it was “risk off.” Most asset classes were sold off except for bonds. The number wasn’t bad enough to immediately suggest that the Fed would be prompted to enter another round of stimulus, however. At around 2:30, a Wall Street journal article suggested that QE3 was still on the table and even though this wasn’t particularly fresh news, the particular source was credible enough for shorts to cover.
The big numbers this week will be coming out of China as they report GDP. Of course, they have just lowered interest rates twice in the past month so the anticipation is for week eco numbers.
Even with poor tape action over the past two sessions, the VIX closed at complacent levels.
After the bell, earnings season begins in earnest with Alocoa.
|
Week of July 09 - July 13 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 09 |
15:00 |
May |
|
$10.0B |
$9.5B |
$6.5B |
|
|
|
Jul 11 |
07:00 |
MBA Mortgage Index |
07/07 |
|
NA |
NA |
-6.7% |
|
|
Jul 11 |
08:30 |
|
May |
|
-$50.6B |
-$48.9B |
- $50.1B |
|
|
Jul 11 |
10:00 |
May |
|
0.2% |
0.3% |
0.6% |
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
|
|
|
|
|
|
|
|
|
|
Jul 11 |
10:30 |
Crude Inventories |
07/07 |
|
NA |
NA |
- 4.270M |
|
|
Jul 11 |
14:00 |
FOMC Minutes |
6/20 |
|
|
|
|
|
|
Jul 12 |
08:30 |
07/07 |
|
360K |
375K |
374K |
|
|
|
Jul 12 |
08:30 |
06/30 |
|
3300K |
3300K |
3306K |
|
|
|
Jul 12 |
08:30 |
Jun |
|
NA |
NA |
-0.5% |
|
|
|
Jul 12 |
08:30 |
Jun |
|
NA |
NA |
-0.1% |
|
|
|
Jul 12 |
14:00 |
|
Jun |
|
NA |
NA |
- $43.1B |
|
|
Jul 13 |
08:30 |
Jun |
|
-0.8% |
-0.6% |
-1.0% |
|
|
|
Jul 13 |
08:30 |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
|
Jul 13 |
09:55 |
Jul |
|
72.0 |
73.5 |
73.2 |
|
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 |
PRD(D) |
1323.50 |
1337.50 |
1331 |
1363 |
1370.5 0 |
1389.00 |
|
Sept Nasda q |
U |
2553.00 |
2561 |
2560.50 |
2639.00 |
2646 |
2683 |
|
Sept Yen |
D |
124.28 |
124.97 |
125.08 |
126.23 |
126.29 |
126.92 |
|
Sept EC |
D |
120.01 |
121.42 |
121.79 |
123.74 |
125.53 |
128.23 |
|
Sept 10 Year |
PRDU) |
132.28 |
133.20 |
134.01 |
134.23 |
134.24 |
135.04 |
|
Sept 30 Year |
PRD(U) |
147.00 |
148.14 |
149.04 |
150.24 |
150.22 |
151.16 |
|
Nov Soybeans |
D |
14.45 |
15.06 |
14.98 |
15.33 |
16.06 |
16.46 |
|
Sept Corn |
U |
6.10 |
6.52 |
6.87 |
7.16 |
7.25 |
7.56 |
|
Aug Gold |
D |
1545.70 |
1564.30 |
1554 |
1600.80 |
1613.6 0 |
1644.30 |
|
Sept Silver |
D |
25.92 |
26.48 |
26.61 |
27.50 |
25.02 |
29.00 |
|
Sept Copper |
D |
330 |
336 |
337 |
347 |
351 |
360 |
|
Aug Crude |
PRD(D) |
78.18 |
81.15 |
83.27 |
86.38 |
88.03 |
91.94 |
|
|
|
|
|
|
|
|
|
