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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

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9247 Broadway
Suite EE
Merrillville, IN 46410

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China continues to slow.

11.04.2014

Top Day Market News

In the early morning, there was some modest short covering in the currencies against the dollar as equities were slightly lower on consolidation while crude oil continued to track lower.

Today we get factory orders. Not a big number. We continue to look at non-farm payroll at the end of the week as being the statement number to set the tone for the month. The dollar continued to strengthen while the S+P spun in place.

Yesterday, the Yen continued lower as the BOJ continues to expand monetary base. As for the US, the numbers were split: manufacturing activity was higher than expected while construction spending was lower. China continues to slow. Eurozone manufacturing activity is slightly higher than expected.


Week

of

November 03 - November 07


 

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Nov 03

10:00

ISM Index

Oct

 

55.9

56.2

56.6

 

Nov 03

10:00

Construction Spending

Sep

 

1.1%

0.7%

-0.8%

 

Nov 03

14:00

Auto Sales

Oct

 

NA

NA

5.6M

 

Nov 03

14:00

Truck Sales

Oct

 

NA

NA

7.5M

 

Nov 04

08:30

Trade Balance

Sep

 

-$42.0B

-$40.1B

-

$40.1B

 

Nov 04

10:00

Factory Orders

Sep

 

-0.5%

-0.5%

-10.1%

 

Nov 05

07:00

MBA Mortgage Index

11/01

 

NA

NA

-6.6%

 

Nov 05

08:15

ADP Employment Change

Oct

 

235K

220K

213K

 

Nov 05

10:00

ISM Services

Oct

 

58.0

58.0

58.6

 

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Nov 05

10:30

Crude Inventories

11/01

 

NA

NA

2.061M

 

Nov 06

07:30

Challenger Job Cuts

Oct

 

NA

NA

-24.4%

 

Nov 06

08:30

Initial Claims

11/01

 

290K

285K

287K

 

Nov 06

08:30

Continuing Claims

10/25

 

2375K

2380K

2384K

 

Nov 06

08:30

Productivity-Prel

Q3

 

1.5%

1.4%

2.3%

 

Nov 06

08:30

Unit Labor Costs

Q3

 

1.0%

0.9%

-0.1%

 

Nov 06

10:30

Natural Gas Inventories

11/01

 

NA

NA

87 bcf

 

Nov 07

08:30

Nonfarm Payrolls

Oct

 

275K

235K

248K

 

Nov 07

08:30

Nonfarm Private Payrolls

Oct

 

250K

228K

236K

 

Nov 07

08:30

Unemployment Rate

Oct

 

6.0%

5.9%

5.9%

 

Nov 07

08:30

Hourly Earnings

Oct

 

0.2%

0.2%

0.0%

 

Nov 07

08:30

Average Workweek

Oct

 

34.6

34.6

34.6

 

Nov 07

15:00

Consumer Credit

Sep

 

$12.0B

$16.0B

$13.5B

 

 

Numbers below 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

Support and Resistance Grid

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Dec ES

U

1917

1963

2000

2017

2018

2062

Dec Nasdaq

U

3951

4041

4125

4173

4200

4259

Dec Yen

D

86.27

88.30

86.83

88.07

91.69

94.35

Dec EC

D

123.10

124.18

124.52

125.56

127.04

128.22

Dec 10 Year Note

D

125.17

125.30

125.30

126.19

127.00

127.21

Dec 30 Year Bond

D

139.16

140.00

140.15

141.21

142.01

143.02

Jan Soybeans

U

9.41

9.95

10.13

10.42

10.81

11.13

Dec Corn

U

3.36

3.56

3.68

3.75

3.99

4.01

Dec Gold

D

1114.80

1144

1155

1175

1219

1264

Dec Silver

D

14.63

15.40

15.57

16.36

17.16

18.16

Dec Copper

U

297.60

301.40

303.50

310.00

310.20

315.10

Dec Crude

D

77.52

78.13

76.18

80.68

82.50

84.44