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Swine Flue Wrecking Havoc in the Global MarketsTop Day Rec 04.27.09 Over the weekend, Larry Summers wasn’t particularly positive about the US economy and this inspired some selling in the equity market. Another negative was the swine flu story as the incidence of cases grows with kids returning from spring break in Mexico. Also, GM seems to be preparing for structured bankruptcy.
Current views, speculations and suggestions
June Yen: pos with support at 102.27 June Swiss: positive with support at 86.22 June EC: positive with support at 130.25 June Canadian: positive with support at 8195 June BP: neg with res at 147.70. June ES: positive with support at 832.00 June NQ: positive with support at 1320 June Russell: positive with support at 455 June Mini Dow: pos with support at 7770 Jun Gold: pos with support at 900 May Silver: pos with support at 12.73 June crude: positive with support at 48.00 July Soybeans: pos but below daily support of 10.13 July Wheat: positive but below daily support of 5.32 June Ten Year: positive with support at 121.08 ************** International Markets June Bund: neg with res at 123.05 June Dax: pos with support at 4510 NK: pos with support at 8743 *********** 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.
******************************************** 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.
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