In this post:
1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports
4. Highlighted Earnings Releases
1. Market Commentary
Next two days are full of economic reports and ahead of Labor Day weekend.
I expect even higher volatility the next two trading days.
Wishing you a great trading month in September.
Our weekly newsletter, includes a good article on volume/ open interest along with Holiday Trading Hours.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
GOOD TRADING!
2. Support and Resistance Levels!
| Contract (Sept. 2011) | SP500 (big & Mini) | Nasdaq100 (big & Mini) | Dow Jones (big & Mini) | Mini Russell |
| Resistance 3 | 1244.33 | 2300.83 | 11823 | 755.33 |
| Resistance 2 | 1231.42 | 2275.17 | 11721 | 743.47 |
| Resistance 1 | 1219.83 | 2252.58 | 11620 | 734.03 |
| Pivot | 1206.92 | 2226.92 | 11518 | 722.17 |
| Support 1 | 1195.33 | 2204.33 | 11417 | 712.73 |
| Support 2 | 1182.42 | 2178.67 | 11315 | 700.87 |
| Support 3 | 1170.83 | 2156.08 | 11214 | 691.43 |
| Contract | Dec. Gold | Sept. Euro | Oct. Crude Oil | Dec. Bonds |
| Resistance 3 | 1865.0 | 1.4672 | 92.56 | 138 10/32 |
| Resistance 2 | 1850.7 | 1.4601 | 90.88 | 137 29/32 |
| Resistance 1 | 1845.6 | 1.4522 | 89.81 | 137 16/32 |
| Pivot | 1831.3 | 1.4451 | 88.13 | 137 3/32 |
| Support 1 | 1826.2 | 1.4372 | 87.06 | 136 22/32 |
| Support 2 | 1811.9 | 1.4301 | 85.38 | 136 9/32 |
| Support 3 | 1806.8 | 1.4222 | 84.31 | 135 28/32 |
3. Economic Reports Thursday September 1st, 2011
Unemployment Claims
8:30am USD
Revised Nonfarm Productivity q/q
8:30am USD
Revised Unit Labor Costs q/q
8:30am USD
ISM Manufacturing PMI
10:00am USD
Construction Spending m/m
10:00am USD
ISM Manufacturing Prices
10:00am USD
Natural Gas Storage
10:30am USD
Total Vehicle Sales
All Day USD
FOMC Member Duke Speaks
12:00pm USD
Economics Report Source: http://www.forexfactory.com/calendar.php
4. Today’s Highlighted Earnings Releases
| SYMBOL | COMPANY | EVENT TITLE | EPS ESTIMATE | EPS ACTUAL | PREV. YEAR ACTUAL | DATE/TIME (ET) |
| SAI | Saic Inc | Q2 2012 SAIC Inc Earnings Release | $ 0.35 | n/a | $ 0.42 | 31-Aug AMC |
| BF.B | Brown Forman Corp | Q1 2012 Brown-Forman Corporation Earnings Release | n/a | n/a | n/a | 31-Aug BMO |
| JOYG | Joy Global Inc | Q3 2011 Joy Global Inc Earnings Release | $ 1.53 | n/a | $ 1.13 | 31-Aug BMO |
| CJES | C&J Energy Services Inc | Q2 2011 C&J Energy Services Inc Earnings Release | n/a | n/a | n/a | 31-Aug AMC |
| CWTR | Coldwater Creek Inc | Q2 2011 Coldwater Creek Inc Earnings Release | -$ 0.22 | n/a | $ 0.02 | 31-Aug AMC |
| GCO | Genesco Inc | Q2 2012 Genesco Inc Earnings Release | $ 0.10 | n/a | -$ 0.02 | 31-Aug |