Navigation

OPEN ACCOUNT NOW ONLINE!
Home
Managed Futures
Online Futures Trading
Futures Trading Systems
Free $45 Investor Kit

Quotes and Charts

Single Stock Futures

Emini
S&P, Nasdaq, Dow

Free Futures Kits
Futures Education Center
Research
Rates
 
   

Welcome to 2010.  Construction spending at 10, then ISM

Top Day Rec

01.04.10

HNY. Welcome to 2010. Here we go, again.

Markets are a reflection of human nature and inclination.

Fear, hope and greed take turns dominating price

action, three strands that weave their way into the fabric

of the market. As we set out, hope seems to be the

predominant theme, at least for the overnight action.

Construction spending at 10, then ISM.

This Week's Calendar

Date ET Release For Actual Briefing.com Consensus Prior

Revised

From

Jan 0410:00 Construction Spending Nov -0.1% -0.5% 0.0%

Jan 0410:00ISM Index Dec 55.3 54.1 53.6

Jan 0510:00Factory Orders Nov 0.1% 0.5% 0.6%

Jan 0510:00 Pending Home Sales Nov 2.0% -3.0% 3.7%

Jan 0514:00Auto Sales Dec NA NA 3.8M

Jan 0514:00Truck Sales Dec NA NA 4.6M

Jan 0607:30Challenger Job Cuts Dec NA NA -72.3%

Jan 0608:15 ADP Employment Report

Dec -125K -75K -169K

Jan 0610:00ISM Services Dec 52.0 50.5 48.7

Jan 0610:30Crude Inventories 12/31 NA NA -1.54M

Jan 0708:30Initial Claims 01/02 455K 445K 432K

Jan 0708:30Continuing Claims 12/26 4900K 5040K 4981K

Jan 0808:30Average Workweek Dec 33.2 33.2 33.2

Jan 0808:30Hourly Earnings Dec 0.1% 0.2% 0.1%

Jan 0808:30Nonfarm Payrolls Dec -25K 0K -11K

Jan 0808:30 Unemployment Rate Dec 10.2% 10.1% 10.0%

Jan 0810:00 Wholesale Inventories Nov -0.2% -0.3% 0.3%

Jan 0815:00Consumer Credit Nov -$7.0B -$5.0B -$3.5B

Current views, speculations and suggestions

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

only, not fundamental.

Mar ES: pos with support at 1105.25

NQ: pos with support at 1866.50

Mar Mini Dow: pos with support at 1031.20

Gold: neg but above daily res of 1113.50

Mar Silver: pos with support at 16.75

Mar Copper: pos with support at 332.50

Mar Yen: neg with res at 108.40

Mar Swiss: pos with support at 96.25

Mar EC: negh with res at 144.15

Mar Canadian: pos with support at 95.02

Mar BP: potential reversal day

Mar Aussie: pos with support at 88.72

Feb Crude: pos with support at 79.00

Mini Nat Gas: neg with res at 60.20

Mar Soybeans: positive with support at 10.39

Mar Wheat: pos with support at 5.47

Mar Ten Year: neg with res at 115.27

Mar 30 Year : neg with res at 115.31

June Eurodollar: neg with res at 99.34

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

International Markets

Mar Bund: neg with res at 121.50

Mar Dax: neg with res at 6038

**********

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

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

Repeat: use Stops. Donít think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a stop or if

itís a steep initial requirement, use half.

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

 

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.

 

Futures Trading Systems

Managed Futures | Online Futures Trading | Futures Trading Systems | Futures Kits
United Futures Trading | Emini | Futures Broker

 

Futures & Commodity Research & News

Want to contact a licensed broker? Give us a call at 800-840-5617