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(ES) Financial News Schedule – Monday 2/6/12
Fundamentals, February 3, 2012; 9:13pm

Financial News Schedule – Monday 2/6/12

(CL) Commodity Calendar - Monday 2/6/2012
Fundamentals, February 3, 2012; 9:11pm

Commodity Calendar - Monday 2/6/2012

(SB) Weekly Softs Recap
Fundamentals, February 3, 2012; 9:10pm

ICE monitored U.S. cotton stockpiles as of Feb 2 rose to 62,794 bales, the most in 1-1/2 months.



(LC) Weekly Meats Comment
Fundamentals, February 3, 2012; 9:09pm

The USDA’s Jan 27 bi-annual cattle report that showed the U.S. cattle herd on Jan 1 fell -2.1% y/y to 90.77 million head, the smallest since 1952, while the beef-cow herd totaled 29.88 million head, down -3.1% y/y and the lowest figure for the date in 50 years.  The total number of calves born during 2011 was estimated at 35.31 million, down -1.1% from 2010 and the smallest number since 1950.



(ES) Market Recap - Financials, Metals & Energy for Friday, Feb 3
Fundamentals, February 3, 2012; 9:08pm

Jan non-farm payrolls rose +243,000, more than expectations of +145,000 and the largest gain in 20 months.  Jan manufacturing payrolls rose by +50,000, bigger than expectations of +13,000 and their biggest increase in a year.  The Jan U.S. unemployment rate unexpectedly fell -0.2 to 8.3%, better than expectations of no change at 8.5% and its lowest level in 3 years.



(CL) Option Analytics and Technical Data
Technicals, February 3, 2012; 6:46pm

See attached PDFs


(AC) CFTC Commitments of Traders Recap
Fundamentals, February 3, 2012; 2:48pm


(HG) Copper Technicals Constructive Above Minimum $3.7630
Technicals, February 3, 2012; 11:40am

Today's stock market and payroll report-related bid to copper prices renders the recent sell-off attempt a 3-wave affair as labeled in the 240-min chart below.  Left unaltered by new lows below Wed''s 3.7630 low and short-term risk parameter, this 3-wave dip is considered a corrective sequence consistent with a


(SI) Waning Silver Strength Near 50% Retrace Defines $32.93 S-T Risk Parameter
Trade Strategies, February 3, 2012; 9:40am

The 240-min chart below details the past week's labored continuation of the past month's broader, impressive recovery.  And as a result of yesterday's gains to another round of new highs, the market has defined


(C) CBOT Grains Pre-Open Comment
Fundamentals, February 3, 2012; 8:44am


(ES) Payrolls Reinforce S&P Technical Strength, Threaten T-Notes With Momentum Failure
Technicals, February 3, 2012; 8:35am

Today's clear breakout above recent 1327-to-1330-area highs and resistance detailed in the 240-min chart below chalks up last week's short-term bearish divergence in momentum as merely a corrective dip and reinstates the broader developing bull trend.  As a direct result of this morning's strength, the market has defined


(CT) Cotton Divergence Defines $0.9269 Low, S-T Risk Parameter, Exposing Rebound
Technicals, February 3, 2012; 7:05am

Following 25-Jan's bearish divergence in momentum that defined 24-Jan's 99.47 high as the end of a nice 5-wave Elliott sequence up from 14-Dec's 84.25 low shown in the daily log chart below, we anticipated at least a larger-degree correction or reversal of the Dec-Jan rally.  And as a result of the past couple weeks' relapse, that 99.47 high remains intact as a


(ES) Overnight Developments - Financials, Metals & Energy
February 3, 2012; 6:49am

The dollar is weaker, Treasuries are little changed and commodities rose, with gold at a fresh 2-month high, on speculation U.S. payrolls data for Jan will show at least a...

(ES) RJOMRT Previews & Perspectives for Friday, Feb 3
February 2, 2012; 10:48pm

  • Unemployment report expected to support ongoing theme of stronger U.S. economic growth
  • ISM non-manufacturing index expected to show back-to-back increase
  • Factory orders expected to confirm pickup in orders at year-end
  • OPEC output posted 3-year high in December



(ES) Market Recap - Financials, Metals & Energy for Thursday, Feb 2
Fundamentals, February 2, 2012; 10:17pm

Weekly initial U.S. unemployment claims fell -12,000 to 367,000, greater than expectations of -6,000 to 371,000, while weekly continuing claims plunged -130,000 to a 3-1/3 year low of 3.437 million, a bigger decline than expectations of -19,000 to 3.535 million.




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