7.31.2014
Top Day Market News
Yesterday, interest rates backed up as GDP came in at 4%. This was higher than expected and suggested that the Fed may be induced to raise rates sooner rather than later. Argentina went into “selective default.” Traders say they had anticipated this but then, when it happens, anticipation turns into reality which turns into a feeling that’s not quite so comfortably abstract. Crude fell through $100 a barrel. The dollar, thanks to the GDP number, was stronger against all its major counterparts. The market will now be gearing up for non-farm payrolls on Friday. The Street had been looking for
+281K out of the ADP private jobs forecast but only got a dyslectic reading of +218.
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MWee |
k of July 28 - August 0 |
1 |
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Jul 28 |
10:00 |
Pending Home Sales |
Jun |
|
-1.5% |
-0.8% |
6.1% |
|
|
Jul 29 |
09:00 |
Case-Shiller 20-city Index |
May |
|
10.5% |
10.0% |
10.8% |
|
|
Jul 29 |
10:00 |
Consumer Confidence |
Jul |
|
86.5 |
85.6 |
85.2 |
|
|
Jul 30 |
07:00 |
MBA Mortgage Index |
07/26 |
|
NA |
NA |
2.4% |
|
|
Jul 30 |
08:15 |
ADP Employment Change |
Jul |
|
225K |
215K |
281K |
|
|
Jul 30 |
08:30 |
GDP-Adv. |
Q2 |
|
3.6% |
3.2% |
-2.9% |
|
|
Jul 30 |
08:30 |
Chain Deflator-Adv. |
Q2 |
|
2.5% |
2.1% |
1.3% |
|
|
Jul 30 |
10:30 |
Crude Inventories |
07/26 |
|
NA |
NA |
- 3.969M |
|
|
Jul 30 |
14:00 |
FOMC Rate Decision |
Jul |
|
0.25% |
0.25% |
0.25% |
|
|
Jul 31 |
07:30 |
Challenger Job Cuts |
Jul |
|
NA |
NA |
-20.2% |
|
|
Jul 31 |
08:30 |
Initial Claims |
07/26 |
|
310K |
310K |
284K |
|
|
Jul 31 |
08:30 |
Continuing Claims |
07/19 |
|
2525K |
2525K |
2500K |
|
|
Jul 31 |
08:30 |
Employment Cost Index |
Q2 |
|
0.4% |
0.4% |
0.3% |
|
|
Jul 31 |
09:45 |
Chicago PMI |
Jul |
|
60.0 |
61.8 |
62.6 |
|
|
Jul 31 |
10:30 |
Natural Gas Inventories |
07/26 |
|
NA |
NA |
90 bcf |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Aug 01 |
08:30 |
Nonfarm Payrolls |
Jul |
|
250K |
220K |
288K |
|
|
Aug 01 |
08:30 |
Nonfarm Private Payrolls |
Jul |
|
240K |
225K |
262K |
|
|
Aug 01 |
08:30 |
Unemployment Rate |
Jul |
|
6.1% |
6.1% |
6.1% |
|
|
Aug 01 |
08:30 |
Hourly Earnings |
Jul |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 01 |
08:30 |
Average Workweek |
Jul |
|
34.5 |
34.5 |
34.5 |
|
|
Aug 01 |
08:30 |
Personal Income |
Jun |
|
0.5% |
0.4% |
0.4% |
|
|
Aug 01 |
08:30 |
Personal Spending |
Jun |
|
0.2% |
0.4% |
0.2% |
|
|
Aug 01 |
08:30 |
PCE Prices - Core |
Jun |
|
0.2% |
0.2% |
0.2% |
|
|
Aug 01 |
09:55 |
Michigan Sentiment - Final |
Jul |
|
82.5 |
82.0 |
81.3 |
|
|
Aug 01 |
10:00 |
ISM Index |
Jul |
|
56.0 |
55.9 |
55.3 |
|
|
Aug 01 |
10:00 |
Construction Spending |
Jun |
|
-0.5% |
0.3% |
0.1% |
|
|
Aug 01 |
14:00 |
Auto Sales |
Jul |
|
NA |
NA |
5.9M |
|
|
Aug 01 |
14:00 |
Truck Sales |
Jul |
|
NA |
NA |
7.5M |
|
Numbers below 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
Support and Resistance Grid
|
|
Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
|
Sept ES |
U |
1954 |
1957 |
1957 |
1974 |
1984 |
1998 |
|
Sept Nasdaq |
U |
3870 |
3913 |
3953 |
3983 |
3994 |
4033 |
|
Sept Yen |
D |
97.65 |
97.98 |
96.82 |
97.83 |
98.69 |
99.15 |
|
Sept EC |
D |
133.38 |
137.86 |
133.69 |
134.17 |
135.14 |
135.88 |
|
Sept 10 Year Note |
D |
124.21 |
124.31 |
124.08 |
125.07 |
125.19 |
125.28 |
|
Sept 30 Year Bond |
U |
137.07 |
134.30 |
136.29 |
138.19 |
139.05 |
139.13 |
|
Nov Soybeans |
D |
10.28 |
10.56 |
10.53 |
10.94 |
11.08 |
11.34 |
|
Sept Corn |
D |
3.550 |
3.56 |
3.54 |
3.64 |
3.69 |
3.75 |
|
Aug Gold |
D |
1273.50 |
1291 |
1284.30 |
1301.60 |
1322 |
1336.50 |
|
Sept Silver |
D |
19.65 |
20.37 |
20.46 |
21.71 |
21.19 |
21.58 |
|
Sept Copper |
D |
312.50 |
318.80 |
321 |
325 |
329 |
333 |
|
Sept Crude |
D |
999.66 |
100.77 |
98.67 |
100.92 |
103.22 |
104.56 |
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