Fitch Ratings downgrades Portuguese debt, fear and loathing ahead of a British budget announcements drive the pound lower

Top Day Recommendations

March 24, 2010

Durable goods comes in at +0.5 a bit weaker than forecast but a positive. Fitch

downgrades Portuguese debt. Fear and loathing ahead of a British budget

announcement helps drive the pound lower. Pimco suggests steering clear of

British debt. A growing consensus of an eventual Greek default weighs on the Battle lines are being drawn regarding the Health bill. New home sales at 10.

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

(Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamental.

June Emini S&P: positive with support at 1162.00

June Emini Nasdaq: positive with support at 1947.00

June Mini Dow: positive but below daily support of 10753

June Gold: negative with resistance at 1110.00

May Silver: negative with resistance at 17.20

May Copper: neg with resistance at 340.60

June Yen: positive but through support at 110.25

June Swiss: positive but through support at 93.68

June Euro Currency: negative with resistance at 135.47

June Canadian: negative with resistance at 98.59

June British Pound: negative with resistance at 150.97

June Aussie: positive with support at 90.24

May Crude: positive with support at 80.30

May Mini Natural Gas: negative with resistance at 4.210

May Soybeans: positive with support at 9.580

May Wheat: negative with resistance at 4.80

May Sugar: negative with resistance at 18.59

June Ten Year Notes: positive but through support at 117.05

June 30 Year Bonds: positive but through support at 117.07

Sept Eurodollar: potential reversal day

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International Markets

June Bund: positive with support at 123.24

June Dax: positive with support at 5958

**********

N.B.: if you initiate a trade using ANY of these

numbers use a STOP at least equivalent to 2 ½%.

Repeat: use Stops. Don’t think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a Stop or if

it’s a steep initial requirement, use half. But

whatever you do, stop thinking about any other

alternative and use Stops.

********************************************

Futures trading entails considerable risk and is not for

everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past

performance is not a guarantee of future results.

Charles Kespert

***********************

HYPOTHETICAL PERFORMANCE RESULTS HAVE

MANY INHERENT LIMITATIONS, SOME OF WHICH

ARE DESCRIBED BELOW. NO REPRESENTATION IS

BEING MADE THAT ANY ACCOUNT WILL OR IS

LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR

TO THOSE SHOWN. IN FACT, THERE ARE

FREQUENTLY SHARP DIFFERENCES BETWEEN

HYPOTHETICAL PERFORMANCE RESULTS AND THE

ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY

ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL

PERFORMANCE RESULTS IS THAT THEY ARE

GENERALLY PREPARED WITH THE BENEFIT OF

HINDSIGHT. IN ADDITION, AL TRADING DOES NOT

INVOLVE FINANCIAL RISK, AND NO

HYPOTHETIOTHETICAL TRADING RECORD CAN

COMPLETELY ACCOUNT FOR THE IMPACT OF

FINANCIAL RISK IN ACTUAL TRADING. FOR

EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR

TO ADHERE TO A PARTICULAR TRADING PROGRAM

IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS

WHICH CAN ALSO ADVERSELY AFFECT ACTUAL

TRADING RESULTS. THERE ARE NUMEROUS OTHER

FACTORS RELATED TO THE MARKETS IN GENERAL

OR TO THE IMPLEMENTATION OF ANY SPECIFIC

TRADING PROGRAM WHICH CANNOT BE FULLY

ACCOUNTED FOR IN THE PREPARATION OF

HYPOTHETICAL PERFORMANCE RESULTS AND ALL

OF WHICH CAN ADVERSELY AFFECT ACTUAL

TRADING RESULTS.