10.01.12
Top Day Market News
Welcome to the first Monday in October and the convening of the Supreme Court. The dollar is weaker this morning as there was generally a good feeling in the wake of Spanish bank stress tests. The weaker dollar helped to ignite another charge towards 1800 by gold.
ISM services index at 10 along with construction spending. As you can tell by the grid below, we have several markets pulling in different directions. Experience suggests that when this condition prevails, technicals dominate. The bond market, generally considered to be the “smartest” of all the markets seems largely unmoved by the gyrations in the peripherals.
Week of October 01 - October 05
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
Revised From |
|
Oct 01 |
10:00 |
Sep |
49.2 |
49.7 |
49.6 |
|||
|
Oct 01 |
10:00 |
Aug |
0.1% |
0.4% |
-0.9% |
|||
|
Oct 02 |
14:00 |
Sep |
NA |
NA |
5.3M |
|||
|
Oct 02 |
14:00 |
Sep |
NA |
NA |
6.3M |
|||
|
Oct 03 |
07:00 |
MBA Mortgage Index |
09/29 |
NA |
NA |
+2.8% |
||
|
Oct 03 |
08:15 |
ADP Employment Change |
Sep |
100K |
133K |
201K |
||
|
Oct 03 |
10:00 |
Sep |
52.0 |
53.0 |
53.7 |
|||
|
Oct 03 |
10:30 |
Crude Inventories |
09/29 |
NA |
NA |
-2.446M |
||
|
Oct 03 |
14:00 |
FOMC Minutes |
9/12 |
|||||
|
Oct 04 |
07:30 |
Challenger Job Cuts |
Sep |
NA |
NA |
-36.9% |
||
|
Oct 04 |
08:30 |
09/29 |
370K |
365K |
359K |
|||
|
Oct 04 |
08:30 |
09/22 |
3275K |
3273K |
3271K |
|||
|
Oct 04 |
10:00 |
Aug |
-5.5% |
-6.0% |
2.8% |
|||
|
Oct 05 |
08:30 |
Sep |
120K |
120K |
96K |
|||
|
Oct 05 |
08:30 |
Sep |
130K |
130K |
103K |
|||
|
Oct 05 |
08:30 |
Sep |
8.2% |
8.1% |
8.1% |
|||
|
Oct 05 |
08:30 |
Sep |
0.1% |
0.2% |
0.0% |
|||
|
Oct 05 |
08:30 |
Sep |
34.5 |
34.4 |
34.4 |
|||
|
Oct 05 |
15:00 |
Aug |
$5.0B |
$5.0B |
-3.3B |
Actual refers to the actual figures after their release.
Briefing.com Forecast refers to Briefing.com's forecast.
Briefing.com Consensus represents the market consensus estimate for each indicator.
Prior represents the last actual for each indicator. In cases where the release is a revision to an earlier estimate, as is possible with GDP, productivity, and U of Michigan sentiment, the last actual refers to the preliminary estimate for the same period. After a report is released, the Prior column reflects the prior figure as revised.
The Revised From column lists the prior number as it was originally reported, ie before revision.
Not included: Mitsubishi and Redbook chain store indexes are released every Tuesday morning. M2 is released every Thursday at 16:30 ET.
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 |
|
Dec |
U |
1450.50 |
1419.75 |
1427.50 |
1443.50 |
1452.50 |
1471.50 |
|
Dec Nasdaq |
D |
2708.50 |
2750.50 |
2780.75 |
2811.25 |
2845.50 |
2898.50 |
|
Dec Yen |
U |
127.32 |
127.82 |
127.87 |
128.99 |
129.02 |
129.72 |
|
Dec EC |
D |
127.45 |
128.30 |
128.17 |
129.39 |
129.50 |
130.50 |
|
DEC Sept 10 Year |
U |
132.03 |
132.25 |
133.09 |
133.24 |
134.02 |
134.15 |
|
Dec 30 Year |
U |
145.15 |
147.14 |
148.30 |
150.02 |
150.26 |
152.07 |
|
Nov Soybeans |
D |
15.20 |
15.63 |
15.69 |
16.23 |
16.32 |
16.63 |
|
Dec Corn |
D |
6.87 |
7.22 |
7.22 |
7.73 |
7.73 |
7.90 |
|
DEC Gold |
U |
1718 |
1745 |
1766.9 |
1792.80 |
1793.50 |
1813.50 |
|
Dec Silver |
D |
32.70 |
33.61 |
34.29 |
35.22 |
35.18 |
35.86 |
|
Dec Copper |
U |
363 |
369 |
372 |
379 |
379 |
384 |
|
Oct Crude |
D |
87.60 |
89.63 |
90.79 |
93.41 |
93.88 |
95.66 |
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