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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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It’s a light economic release day for the US

Top Day Recommendations

1.04.12

It’s a light economic release day for the US with just factory orders coming out at 10 o’clock. Overnight, Portuguese auctions go fairly well. The United Kingdom purchasing managers index came in higher than expected. The United States continues to patrol the Straits of Hormuz.

What a strange day in the Emini S+P yesterday: it makes its high on the gap higher opening, holds the gap but has a narrow 10 handle range and closes below the opening so it’s a day of distribution. Now that doesn’t happen every day.

German employment at its best levels since reunification.

Commuting on the New York City subway system at this time of year is more daunting than usual. With a windchill of 2° this morning, everyone on the subway is three times their normal size due to layers. At least impact is attenuated.

Week of January 02 - January 06

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Jan 10:00 ISM Index Dec   53.2 53.4 52.7  
03    
               
Jan 10:00 Construction Nov   0.2% 0.5% 0.8%  
03 Spending    
             
Jan 14:00 FOMC Minutes 12/13          
03          
               
Jan 07:00 MBA Mortgage Index 12/31   NA NA -2.6%  
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
04                
Jan 10:00 Factory Orders Nov   2.6% 2.1% -0.4%  
04    
               
Jan 14:00 Auto Sales Dec   NA NA 4.36M  
04    
               
Jan 14:00 Truck Sales Dec   NA NA 5.98M  
04    
               
Jan 07:30 Challenger Job Cuts Dec   NA NA -12.8%  
05    
               
Jan 08:15 ADP Employment Dec   200K 180K 206K  
05 Change    
             
Jan 08:30 Initial Claims 12/31   375K 375K 381K  
05    
               
Jan 08:30 Continuing Claims 12/24   3650K 3620K 3601K  
05    
               
Jan 10:00 ISM Services Dec   53.0 53.0 52.0  
05    
               
Jan 11:00 Crude Inventories 12/31   NA NA 3.899M  
05    
               
Jan 08:30 Nonfarm Payrolls Dec   165K 150K 120K  
06    
               
Jan 08:30 Nonfarm Private Dec   200K 170K 140K  
06 Payrolls    
             
Jan 08:30 Unemployment Rate Dec   8.7% 8.7% 8.6%  
06    
               
Jan 08:30 Hourly Earnings Dec   0.1% 0.2% -0.1%  
06    
               
Jan 08:30 Average Workweek Dec   34.3 34.3 34.3  
06    
               

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend

U is Up

D is Down

PRD is Potential Reversal Day

S2 is Weekly strong support

S1 is Weekly good support

DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance

R2 is Weekly Strong Resistance

Levels are for the most active futures contract

Daily Support and Resistance

  Trend WS2 WS1 DS DR WR1 WR2
Mar PRD 1231.50 1242 1264 1277 1253 1271
           
ES (D)            
Mar U 2232 2353 2306 2326 2296 2371
           
Nasdaq              
Mar U 127.64 128.87 130.12 130.74 130.78 131.46
           
Yen              
Mar PRD 127.50 128.58 129.91 130.92 130.87 132.06
           
EC (U)            
Mar 10 U 129.08 130.06 130.12 130.25 131.20 132.05
           
Year              
               
Mar 30 U 140.26 142.26 142.24 143.22 146.01 147.08
           
Year              
Mar U 11..28 11.50 12.18 12.40 11.86 11.99
           
Soybea              
ns              
March U 5.68 5.94 6.52 6.64 6.34 6.50
           
Corn              
Feb PRD 1481 1524 1575 1617 1609 1652
           
Gold (U)            
Mar U 24.67 26.27 28.40 30.23 29.34 30.82
           
Silver              
Mar U 327 335 342 356 349 353
           
Copper              
Feb U 96.24 97.64 100.68 104.20 101.22 103.18
           
Crude              
               

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.