9.05.12
Top Day Market News
Overnight, the EC recouped losses as it’s believed that Mario Draghi will announce “unlimited” bond buying by the ECB to help drive down rates and restore stability to the Euro zone. The Aussie was under pressure after it was announced that the economy expanded less than expected. Of course, the Aussie is a barometer of Chinese strength/weakness and Chinese stocks have been trading at 3 year lows. The ECB bond buying is said to be limited to government 3 year paper. At the same time, Germany remains resistant to this plan and will try to limit it as much as possible. As a possible harbinger of US equity market direction, FedEx projected its first quarterly decline in 3 years.
|
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% |
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Sep 05 |
08:30 |
Q2 |
|
1.4% |
1.4% |
1.7% |
|
|
|
Sep 06 |
07:30 |
Challenger Job Cuts |
Aug |
|
NA |
NA |
-44.5% |
|
|
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 |
1397.25 |
1412.25 |
1415.5 0 |
1425.25 |
|
Sept Nasdaq |
PRD(U) |
2702 |
2745 |
2751 |
2790.50 |
2796.0 0 |
2821.00 |
|
Sept Yen
|
U |
126.39 |
127.03 |
127.31 |
127.76 |
128.12 |
128.57 |
|
Sept EC
|
U |
123.90 |
124.86 |
125.13 |
126.17 |
126.59 |
127.36 |
|
DEC Sept 10 Year
|
U |
132.06 |
132.30 |
133.07 |
133.22 |
134.18 |
135.00 |
|
Dec 30 Year |
U |
147.29 |
149.21 |
150.24 |
151.23 |
152.14 |
153.15 |
|
|
|
|
|
|
|
|
|
|
NovSoybeans
|
PRD(D) |
16.72 |
17.14 |
17.52 |
17.86 |
17.84 |
18.13 |
|
Dec Corn
|
D |
7.78 |
7.89 |
7.96 |
8.14 |
8.14 |
8.28 |
|
DEC Gold
|
U |
1630.00 |
1661.3 |
1681 |
1702.5 |
1709.7 |
1726.8 |
|
Dec Silver
|
U |
29.74 |
30.76 |
31.83 |
32.72 |
32.26 |
32.84 |
|
Dec Copper
|
U |
335 |
340 |
343 |
350 |
351 |
356 |
|
Oct Crude
|
U |
92.30 |
94.43 |
94.40 |
96.79 |
98.20 |
98.84 |
|
|
|
|
|
|
|
|
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