10-02-2013
Top Day Market News
Second day of shutdown and the markets continue to trade without over reaction. Grains continue to erode in value with corn at a three year low. Harvest pressures have seldom been so pronounced. Aussie worked lower overnight as their trade deficit came in worse than expected. Gold was trying to lift off of eight week lows. With the Department of Energy closed we won’t get the weekly storage and usage numbers.
Today we also get the ADP private jobs forecast number at 8:15.
|
|
Week of September 30 - October 04 |
||||||
|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
|
Sep 30 |
09:45 |
Chicago PMI |
Sep |
52.0 |
53.7 |
53.0 |
|
|
Oct 01 |
10:00 |
ISM Index |
Sep |
54.0 |
55.1 |
55.7 |
|
|
Oct 01 |
10:00 |
Construction Spending |
Aug |
0.3% |
0.4% |
0.6% |
|
|
Oct 01 |
14:00 |
Auto Sales |
Sep |
NA |
NA |
5.6M |
|
|
Oct 01 |
14:00 |
Truck Sales |
Sep |
NA |
NA |
7.0M |
|
|
Oct 02 |
07:00 |
MBA Mortgage Index |
09/28 |
NA |
NA |
5.5% |
|
|
Oct 02 |
08:15 |
ADP Employment Change |
Sep |
180K |
170K |
176K |
|
|
Oct 02 |
10:30 |
Crude Inventories |
09/28 |
NA |
NA |
2.635M |
|
|
Oct 03 |
07:30 |
Challenger Job Cuts |
Sep |
NA |
NA |
56.5% |
|
|
Oct 03 |
08:30 |
Initial Claims |
09/28 |
315K |
315K |
305K |
|
|
Date |
ET |
Release |
For |
Briefing.com Forecast |
Briefing.com Consensus |
Prior |
|
Oct 03 |
08:30 |
Continuing Claims |
09/21 |
2850K |
2825K |
2823K |
|
Oct 03 |
10:00 |
Factory Orders |
Aug |
0.3% |
0.3% |
-2.4% |
|
Oct 03 |
10:00 |
ISM Services |
Sep |
58.0 |
57.4 |
58.6 |
|
Oct 03 |
10:30 |
Natural Gas Inventories |
09/28 |
NA |
NA |
87 bcf |
|
Oct 04 |
08:30 |
Nonfarm Payrolls |
Sep |
165K |
183K |
169K |
|
Oct 04 |
08:30 |
Nonfarm Private Payrolls |
Sep |
180K |
180K |
152K |
|
Oct 04 |
08:30 |
Unemployment Rate |
Sep |
7.3% |
7.3% |
7.3% |
|
Oct 04 |
08:30 |
Hourly Earnings |
Sep |
0.2% |
0.2% |
0.2% |
|
Oct 04 |
08:30 |
Average Workweek |
Sep |
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 |
|
Dec ES |
D |
1663.50 |
1674 |
1669 |
1696 |
1701 |
1718 |
|
Dec Nasdaq |
U |
3178 |
3201 |
3221 |
3260 |
3246 |
3260 |
|
Dec Yen |
U |
100.15 |
100.+0 |
101.58 |
102.65 |
102.28 |
102.78 |
|
Dec EC |
U |
134.14 |
134.67 |
134.75 |
135.75 |
135.70 |
136.20 |
|
DEC 10 Year |
PRD(D) |
124.18 |
125.14 |
125.30 |
126.12 |
126.27 |
127.12 |
|
DEC 30 Year |
PRD(D) |
130.17 |
132.00 |
132.21 |
133.13 |
134.10 |
135.05 |
|
Nov Soybeans |
D |
12.94 |
13.07 |
12.54 |
12.76 |
13.30 |
13.40 |
|
Dec Corn |
D |
4.42 |
4.46 |
4.30 |
4.44 |
4.59 |
4.645 |
|
Dec Gold |
D |
1289.3 |
1312.60 |
1266.40 |
1321 |
1352.5 |
1368.7 |
|
Dec Silver |
D |
19.93 |
21.51 |
20.54 |
21.80 |
23.08 |
24.37 |
|
Dec Copper |
U |
313 |
321 |
323 |
332 |
337 |
344 |
|
Nov Crude |
D |
100.5 |
101.63 |
100.37 |
102.72 |
104.55 |
106.29 |
|
|
|
|
|
|
|
|
|
