Better Sense of Consumer Confidence Moving Stock Futures Higher

Top Day Rec

05.18

No eco news today.

Indian stock market up big after election results.

Loew’s higher on better earnings and a sense of better consumer confidence.

Working from home, sick with something I wouldn’t even want to give to a dog I was afraid of.

      

May 19	08:30	Building Permits	Apr		530K	530K	516K
May 19	08:30	Housing Starts	Apr		525k	527K	510K
May 20	10:30	Crude Inventories	05/15		NA	NA	-4.63M
May 20	14:00	FOMC Minutes	04/29		NA	NA	NA
May 21	08:30	Initial Claims	05/16		600k	NA	610K
May 21	10:00	Leading Indicators	Apr		0.5%	0.6%	-0.3%
May 21	10:00	Philadelphia Fed	May		-18.0	-18.0	NA

 

 

Current views, speculations and suggestions

 

June Yen: pos but below support of 104.78.  Unwinds of risk aversion.  

June Swiss: positive with support at 88.45

June EC: positive with support at 134.05   

June Canadian: positive with support at 84.34

June BP:  pos with support at 150.97.     

June ES: neg with res at 903

June NQ: pos with support at 1339  

June Russell: neg with res at 488    

June Mini Dow: neg with res at 8450

Jun Gold: positive with support at 9256    

July Silver: pos with support at 13.69

July crude: positive with support at 56.00         

July Soybeans: positive with support at 11.05

July Wheat: positive with support at 5.625

June Ten Year: positive with support at 121.05       

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International Markets

June Bund: neg with res at 121.78        

June Dax: pos with support at 4689

NK: neg with res at 9258  

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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.   

 

 Please feel free to visit www.vfmarkets.com.  For those without accts use 999999 and 5236 as a pin for access.  (pin changes monthly) 

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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

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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.