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Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

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9247 Broadway
Suite EE
Merrillville, IN 46410

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Potentially a quantum change day.

12.06.2013

Top Day Market News

The Big One. Non Farm Payrolls. To taper or not to taper. The market finds itself in a sensitive spot going into this number (can it be any other way?). Heard that it was the first five session decline since 1996. That’s difficult to believe.

At any rate, The Street is looking for 185K in NFP. Stronger than that will intensify the taper talk while a weaker number will suggest QE Infinity.

Be nimble. Be as flat as you can be. Potentially a quantum change day.

ECB left rates unchanged yesterday and this took that currency higher. There was no fresh news with the BOE rate decision and the currency, unfortunately, sagged. Current interest rate structure doesn’t favor metals. Only an abysmal jobs number can change this structure.

 

Week of December 02 - December 06

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Dec 02

10:00

ISM Index

Nov

 

55.0

55.5

56.4

 

Dec 02

10:00

Construction  Spending

Sep

 

0.3%

0.4%

0.6%

 

Dec 02

10:00

Construction  Spending

Oct

 

0.3%

0.3%

NA

 

Dec 03

14:00

Auto Sales

Nov

 

NA

NA

5.4M

 

                   

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Dec 03

14:00

Truck Sales

Nov

 

NA

NA

6.5M

 

Dec 04

07:00

MBA Mortgage Index

11/30

 

NA

NA

-0.3%

 

Dec 04

08:15

ADP Employment Change

Nov

 

175K

160K

130K

 

Dec 04

08:30

Trade Balance

Oct

 

-$40.5B

-$40.5B

-$41.8B

 

Dec 04

10:00

New Home Sales

Sep

 

410K

432K

421K

 

Dec 04

10:00

New Home Sales

Oct

 

410K

420K

NA

 

Dec 04

10:00

ISM Services

Nov

 

55.0

55.0

55.4

 

Dec 04

10:30

Crude Inventories

11/30

 

NA

NA

2.953M

 

Dec 04

14:00

Fed's Beige Book

Dec

 

NA

NA

NA

 

Dec 05

07:30

Challenger Job Cuts

Nov

 

NA

NA

-4.2%

 

Dec 05

08:30

Initial Claims

11/30

 

335K

330K

316K

 

Dec 05

08:30

Continuing Claims

11/23

 

2850K

2850K

2776K

 

Dec 05

08:30

GDP - Second Estimate

Q3

 

3.1%

3.0%

2.8%

 

Dec 05

08:30

GDP Deflator -  Second Estimate

Q3

 

1.8%

1.9%

1.9%

 

Dec 05

10:00

Factory Orders

Oct

 

-1.0%

-1.0%

1.7%

 

Dec 05

10:30

Natural Gas Inventories

11/30

 

NA

NA

-13 bcf

 

Dec 06

08:30

Nonfarm Payrolls

Nov

 

185K

188K

204K

 

Dec 06

08:30

Nonfarm Private  Payrolls

Nov

 

200K

200K

212K

 

Dec 06

08:30

Unemployment Rate

Nov

 

7.2%

7.2%

7.3%

 

Dec 06

08:30

Hourly Earnings

Nov

 

0.2%

0.2%

0.1%

 

Dec 06

08:30

Average Workweek

Nov

 

34.5

34.5

34.4

 

Dec 06

08:30

Personal Income

Oct

 

0.5%

0.3%

0.5%

 

Dec 06

08:30

Personal Spending

Oct

 

0.3%

0.3%

0.2%

 

 

 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Dec 06

08:30

PCE Prices - Core

Oct

 

0.1%

0.1%

0.1%

 

Dec 06

09:55

Mich Sentiment

Dec

 

77.0

75.1

75.1

 

Dec 06

15:00

Consumer Credit

Oct

 

$15.0B

$15.8B

$13.7B

 

 

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 nigh

Levels are for the most active futures contract

Daily Support and Resistance

 

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Dec ES

D

1791

1797.50

1779

1791

1811

1819

Dec Nasdaq

U

3391

3439

3497

3490

3515

3544

Dec Yen

U

134.33

136.10

97.33

98.62

135.64

136.99

Dec EC

U

134.33

136.10

135.86

137.21

135.64

136.99

Mar 10 Year Note

D

126.01

126.11

123.29

124.28

127.00

127.11

Mar 30 Year Bond

PRD(D)

131.04

131.21

128.11

129.11

132.24

133.10

Jan Soybeans

U

12.97

13.11

1308

1335

13.48

13.60

Mar Corn

U

4.15

4.19

427

437

4.31

4.37

Feb Gold

D

1213.20

1231.80

1203.5

1244

1236.0

1276

March Silver

D

19.27

19.65

19.00

20.00

20.38

20.73

March Copper

U

313

316

320

325

325

330

Jan Crude

U

92.00

93.40

96.98

9790

95.80

96.90