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FOMC decision this afternoon at 2:15 on interest rates

Top Day Rec

01.27.10

The dreaded FOMC decision this afternoon at 2:15

about interest rates and the general state of the

economy. Sort of an ecomic state of the Union. Itís

always good to be as flat as possible going into these

events as they can leave behind fractured trend lines in

a blink of an eye.

Crude inventories at 10:30. Builds are expected. Other

than that, position squaring and white noise. Gold being

sold off in the wake of option expirations.

Week of January 25 - January 29

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFromJan 2510:00

Existing HomeSalesDec 6.00M 5.90M 6.54M

Jan 2609:00Case-Shiller 20-city Index

Nov -4.60% -5.00% -7.28%

Jan 2610:00ConsumerConfidence

Jan 52.1 53.5 53.3

Jan 2610:00FHFA Home PriceIndex

Nov 0.3% 0.1% 0.6%

Jan 2710:00New Home Sales Dec 345K 370K 355K

Jan 2710:30Crude Inventories 1/22 NA NA -0.471M

Jan 2714:15FOMC RateDecision

1/27 0.25% 0.25% 0.25%

Jan 2808:30Initial Claims 01/23 455K 450K 482K

Jan 2808:30Continuing Claims 01/16 4615K 4600K 4599K

Jan 2808:30Durable Orders Dec NA 2.0% 0.2%

Jan 2908:30GDP-Adv. Q4 6.4% 4.6% 2.2%

Jan 2908:30Chain Deflator-Adv.Q4 1.3% 1.3% 0.4%

Jan 2908:30Employment CostIndexQ4 0.2% 0.4% 0.4%

Date ET Release For Actual Briefing.com Consensus Prior

Revised

From

Jan 2909:45Chicago PMI Jan 55.0 57.4 58.7

Jan 2909:55

University of

Michigan

Sentiment

Jan 72.4 73.0 72.8

Current views, speculations and suggestions

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

only, not fundamental.

Mar ES: neg with res at 1097

Mar NQ: neg with res at 1818.00

Mar Mini Dow: neg with res at 1023

Apr Gold: potential trend reversal day

Mar Silver: neg with res at 17.30

Mar Copper: pos with support at 329.80

Mar Yen: pos with support at 111.30

Mar Swiss: pos with support at 95.18

Mar EC: neg with res at 141.60

Mar Canadian: neg with res at 94.90

Mar BP: neg with res at 162.30

Mar Aussie: pos with support at 88.89

Mar Crude: neg with res at 75.40

Mini Nat Gas: neg with res at 57.64

Mar Soybeans: neg with res at 9.53

Mar Wheat: neg with res at 4.99

Mar Ten Year: pos with support at 117.18

Mar 30 Year: pos with support at 117.29

June Eurodollar: pos with support at 99.585

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

International Markets

Mar Bund: neg with res at 123.50

Mar Dax: potential reversal day

**********

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. 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.

 

*The risk of loss exists in futures and commodity investing. Past performance is not indicative of future results or performance. Only risk capital should be used when making investments in the commodity markets.

 

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