9.04.12
Top Day Market News
Here we go. This is a Tuesday which will feel like a Monday. Oil has drifted higher on the idea of further stimulus. The same commentary could be applied to gold. The market is now waiting for the ECB meeting which occurs in two days. The tactical problem remains in place, ECB President Draghi is comfortable with buying maturities of three year duration to bring down borrowing costs while Merkel is opposed to this.
The Institute for Supply Management factory index is out at 10. The Street is looking for a reading of 50.00, up for 49.8 in July.
|
Week of September 03 - September 07 |
||||||||
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 04 |
10:00 |
|
Aug |
|
49.0 |
50.0 |
49.8 |
|
|
Sep 04 |
10:00 |
Jul |
|
0.5% |
0.5% |
0.4% |
|
|
|
Sep 04 |
14:00 |
|
Aug |
|
NA |
NA |
5.0M |
|
|
Sep 04 |
14:00 |
|
Aug |
|
NA |
NA |
6.0M |
|
|
Sep 05 |
07:00 |
MBA Mortgage Index |
09/01 |
|
NA |
NA |
-4.3% |
|
|
Sep 05 |
08:30 |
|
Q2 |
|
1.8% |
1.8% |
1.6% |
|
|
Sep 05 |
08:30 |
Q2 |
|
1.4% |
1.4% |
1.7% |
|
|
|
Sep |
07:30 |
Challenger Job Cuts |
Aug |
|
NA |
NA |
-44.5% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
06 |
|
|
|
|
|
|
|
|
|
Sep 06 |
08:15 |
ADP Employment Change |
Aug |
|
150K |
140K |
163K |
|
|
Sep 06 |
08:30 |
|
09/01 |
|
375K |
375K |
374K |
|
|
Sep 06 |
08:30 |
|
08/25 |
|
3300K |
3300K |
3316K |
|
|
Sep 06 |
10:00 |
|
Aug |
|
51.0 |
52.2 |
52.6 |
|
|
Sep 06 |
11:00 |
Crude Inventories |
09/01 |
|
NA |
NA |
3.778M |
|
|
Sep 07 |
08:30 |
|
Aug |
|
140K |
130K |
163K |
|
|
Sep 07 |
08:30 |
Aug |
|
155K |
145K |
172K |
|
|
|
Sep 07 |
08:30 |
|
Aug |
|
8.2% |
8.3% |
8.3% |
|
|
Sep 07 |
08:30 |
|
Aug |
|
0.2% |
0.2% |
0.1% |
|
|
Sep 07 |
08:30 |
|
Aug |
|
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 |
D |
1384.50 |
1394.50 |
1396.25 |
1413 |
1415.5 0 |
1425.25 |
|
Sept Nasdaq |
D |
2702 |
2745 |
2749 |
2789 |
2796.0 0 |
2821.00 |
|
Sept Yen
|
U |
126.39 |
127.03 |
127.46 |
128.01 |
128.12 |
128.57 |
|
Sept EC
|
U |
123.90 |
124.86 |
125.05 |
126.49 |
126.59 |
127.36 |
|
DEC Sept 10 Year
|
U |
132.06 |
132.30 |
133.03 |
134.02 |
134.18 |
135.00 |
|
Dec 30 Year
|
U |
147.29 |
149.21 |
150.08 |
152.05 |
152.14 |
153.15 |
|
Nov Soybeans
|
U |
16.72 |
17.14 |
17.46 |
17.72 |
17.84 |
18.13 |
|
|
|
|
|
|
|
|
|
|
Dec Corn
|
D |
7.78 |
7.89 |
7.92 |
8.17 |
8.14 |
8.28 |
|
DEC Gold
|
U |
1630.00 |
1661.3 |
1657.90 |
1706.3 |
1709.7 |
1726.8 |
|
Dec Silver
|
U |
29.74 |
30.76 |
30.55 |
32.70 |
32.26 |
32.84 |
|
Dec Copper
|
PRD(U) |
335 |
340 |
342 |
350 |
351 |
356 |
|
Oct Crude
|
U |
92.30 |
94.43 |
95.01 |
98.37 |
98.20 |
98.84 |
|
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|
|
|
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