09-04-2013
Top Day Market News
Welcome to Wednesday that feels like a Tuesday. The main feature to the day will be the release of the Fed’s beige book at 2PM. Overnight, Aussie and Canada are momentarily higher on improved prospects for Chinese growth while crude and gold are under profit taking pressures. Finally, after Monday’s “half trading day” the market has had time to recycle and get back to establishing truer trading ranges. The possible military response against Syria remains on the front burner. 39.1 billion trade deficit is a four year best.
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Week of September 02 - September 06 |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
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Sep 03 |
10:00 |
ISM Index |
Aug |
53.0 |
53.6 |
55.4 |
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Sep 03 |
10:00 |
Construction Spending |
Jul |
0.3% |
0.5% |
-0.6% |
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|
Sep 04 |
07:00 |
MBA Mortgage Index |
08/31 |
NA |
NA |
-2.5% |
|
|
Sep 04 |
08:30 |
Trade Balance |
Jul |
-$41.5B |
-$38.2B |
-$34.2B |
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|
Sep 04 |
14:00 |
Auto Sales |
Aug |
NA |
NA |
5.6M |
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|
Sep 04 |
14:00 |
Truck Sales |
Aug |
NA |
NA |
6.8M |
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|
Sep 04 |
14:00 |
Fed's Beige Book |
Sep |
NA |
NA |
NA |
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Sep 05 |
07:30 |
Challenger Job Cuts |
Aug |
NA |
NA |
2.3% |
|
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Sep 05 |
08:15 |
ADP Employment Change |
Aug |
210K |
180K |
200K |
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Sep 05 |
08:30 |
Initial Claims |
08/31 |
335K |
333K |
331K |
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|
Sep 05 |
08:30 |
Continuing Claims |
08/24 |
2975K |
2977K |
2989K |
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Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Sep 05 |
08:30 |
Productivity-Rev. |
Q2 |
1.8% |
1.5% |
0.9% |
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Sep 05 |
08:30 |
Unit Labor Costs |
Q2 |
1.0% |
1.0% |
1.4% |
|
Sep 05 |
10:00 |
Factory Orders |
Jul |
-4.0% |
-3.7% |
1.5% |
|
Sep 05 |
10:00 |
ISM Services |
Aug |
54.0 |
54.5 |
56.0 |
|
Sep 05 |
10:30 |
Natural Gas Inventories |
08/31 |
NA |
NA |
67 bcf |
|
Sep 05 |
11:00 |
Crude Inventories |
08/31 |
NA |
NA |
2.986M |
|
Sep 06 |
08:30 |
Nonfarm Payrolls |
Aug |
210K |
177K |
162K |
|
Sep 06 |
08:30 |
Nonfarm Private Payrolls |
Aug |
215K |
180K |
161K |
|
Sep 06 |
08:30 |
Unemployment Rate |
Aug |
7.5% |
7.4% |
7.4% |
|
Sep 06 |
08:30 |
Hourly Earnings |
Aug |
0.2% |
0.2% |
-0.1% |
|
Sep 06 |
08:30 |
Average Workweek |
Aug |
34.5 |
34.5 |
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
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Trend |
WS2 |
WS1 |
DS |
DR |
WR1 |
WR2 |
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Sept ES |
D |
1598.75 |
1615.50 |
1629 |
1649 |
1658.0 |
1684.00 |
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Sept Nasdaq |
PRD(D) |
2998 |
3038 |
3070 |
3107 |
3133.5 |
3187.75 |
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Sept Yen |
U |
99.99 |
100.93 |
99.85 |
101.48 |
103.05 |
104.23 |
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Sept EC |
D |
10.33 |
131.20 |
131.29 |
132.18 |
133.47 |
134.87 |
|
DEC 10 Year |
PRD(D) |
122.31 |
123.19 |
123.02 |
123.31 |
124.26 |
125.12 |
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DEC 30 Year |
U |
129.16 |
130.23 |
129.10 |
131.10 |
132.20 |
133.10 |
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Nov Soybeans |
D |
13.07 |
13.32 |
13.60 |
14.04 |
13.96 |
14.34 |
|
Dec Corn |
D |
4.56 |
4.69 |
4.65 |
4.89 |
5.01 |
5.20 |
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Dec Gold |
U |
1360.60 |
1378.40 |
1384 |
1427 |
1424 |
1451.8 |
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Dec Silver |
D |
22.29 |
22.92 |
22.61 |
24.93 |
24.67 |
25.79 |
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Dec Copper |
D |
311 |
317 |
325 |
333 |
334 |
345 |
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Oct Crude |
D |
101.84 |
104.90 |
105.55 |
110.17 |
111.48 |
115.20 |
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