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Phone: 312.920.0212
Fax: 855.994.4111


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

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Brittan wants a complete ban

Top Day Recommendations

1.11.12

Eco releases finally pick up with the release of the Dept. of Energy supply and demand figures and then the release of the Fed’s Beige book at 2 pm EST.

Overnight, ratings agencies are suggesting that the ECB must buy more euro debt to support the union. Also, concerns over the pension obligations in the Zone have pressured the EC overnight while news from the German Federal Statistics office that the German economy weakened in the fourth quarter pressured oil overnight. Be mindful of the weekly oil inventory report today before getting too short this market. There’s declension among EU nations about an Iranian oil embargo. Brittan wants a complete ban while others want conditional restrictions on Iranian oil.

Week of January 09 - January 13

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Jan 15:00 Consumer Credit Nov   NA NA $7.6B  
09    
               
Jan 10:00 Wholesale Nov   NA NA 1.6%  
10 Inventories    
             
Jan 07:00 MBA Mortgage 01/07   NA NA -3.7%  
11 Purchase Index    
             
Jan 10:30 Crude Inventories 01/07   NA NA 2.209M  
11    
               
Jan 14:00 Fed's Beige Book Jan          
11          
               
Jan 08:30 Initial Claims 01/07   NA NA 372K  
12    
               
Jan 08:30 Continuing Claims 12/31   NA NA 3595K  
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
12                
Jan 08:30 Retail Sales Dec   NA NA 0.2%  
12    
               
Jan 08:30 Retail Sales ex-auto Dec   NA NA 0.2%  
12    
               
Jan 10:00 Business Inventories Nov   NA NA 0.8%  
12    
               
Jan 14:00 Treasury Budget Dec   NA NA -  
12   $78.1B  
             
Jan 08:30 Trade Balance Nov   NA NA -  
13   $43.5B  
             
Jan 08:30 Export Prices ex-ag. Dec   NA NA -0.1%  
13    
               
Jan 08:30 Import Prices ex-oil Dec   NA NA -0.2%  
13    
               
Jan 09:55 Mich Sentiment Jan   NA NA 69.9  
13    
               

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 U 1249.50 1261.00 1276.50 1293.75 1284.00 1294.50
           
ES              
Mar U 2281.50 2316.00 2347 2379 2373.00 2394.00
           
Nasdaq              
Mar U 128.76 129.36 130.03 130.40 130.63 131.30
           
Yen              
Mar PRD 124.57 125.93 127.12 128.30 129.75 132.21
           
EC (U)            
Mar 10 U 129.25 130.08 130.15 130.295 131.02 131.13
           
Year              
               
Mar 30 D 140.04 141.18 142.06 143.11 144.07 145.14
           
Year              
Mar U 11.60 11.78 12.13 12.39 12.29 12.62
           
Soybea              
ns              
March U 6.24 6.33 6.47 6.57 6.58 6.73
           
Corn              
Feb U 1540 1578 1613.50 1645.50 1644 1671
           
Gold              
Mar U 26.94 27.82 29.05 30.44 29.65 30.61
           
Silver              
Mar U 329 346 343 355 351 360
           
Copper              
Feb U 97.77 99.94 101.22 103.33 104.09 106.07
           
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.