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All trends seem negative except for the Yen and Interest Rates on risk aversion

Top Day Rec

01.29.10

A bitterly cold morning could be warmed by the release

of Advance Gross Domestic Product, the deflator

(implied rate of inflation), the employment cost index

then Chicago Purchasing Manager’s Index which will be

usurped 5 minutes later by the University of Michigan’s

sentiment indicator. Maybe these numbers will produce

some heat if not much light as yesterday had a certain

“je ne sais quois” about it, a sort of soggy dismal

feeling when the only buying felt like short covering.

Check the list of markets below: all trends are negative

except for the Yen and Interest rates on risk aversion.

Looks like the world’s going to cash for the moment.

Advance GDP comes in better than expected due to

inventories.

Week of January 25 - January 29

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

Jan 2510:00Existing HomeSalesDec 6.00M 5.90M 6.54M

Jan 2609:00Case-Shiller 20-city IndexNov -4.60% -5.00% -7.28%

Jan 2610:00ConsumerConfidenceJan 52.1 53.5 53.3

Jan 2610:00FHFA Home PriceIndexNov 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 RateDecision1/27 0.25% 0.25% 0.25%

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

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%

Jan 2909:45Chicago PMI Jan 55.0 57.4 58.7

Jan 2909:55University ofMichiganSentimentJan 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 1097.00

Mar NQ: neg with res at 1807.00

Mar Mini Dow: neg with res at 1021

Apr Gold: neg with res at 1096.00

Mar Silver: neg with res at 16.63

Mar Copper: neg with res at 319.70

Mar Yen: pos on risk aversion with support at 110.60

Mar Swiss: neg with res at 95.49

Mar EC: neg with res at 140.41

Mar Canadian: neg with res at 94.49

Mar BP: neg with res at 162.30

Mar Aussie: neg with res at 89.80

Mar Crude: neg with res at 74.45

Mar Mini Nat Gas: neg with res at 5.25

Mar Soybeans: neg with res at 9.39

Mar Wheat: neg with res at 4.89

Mar Ten Year: pos with support at 117.11

Mar 30 Year: pos with support at 117.22

June Eurodollar: pos with support at 99.57

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

International Markets

Mar Bund:

Mar Dax:

**********

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.

 

*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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