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ADP private forecast comes in at -22k, slightly better than expected

Top Day Rec

02.03.10

ADP private forecast comes in at -22K while the market

was looking for -30K. Still within the standard deviation

of error. Rates are backing up on this, however.

Itís been an intriguing two days. Last Friday, it was hard

to find a bid to hit. Then with the dawn of February, the

markets find a new found resilience and rally bringing

us to where we are now. By the way, the 800 pound

gorilla putting on makeup in the green room is Fridayís

unemployment report.

Week of February 01 - February 05

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Feb 01 08:30Personal Income Dec 0.2% 0.3% 0.4%

Feb 01 08:30Personal Spending Dec 0.0% 0.3% 0.5%

Feb 01 10:00ConstructionSpendingDec -0.5% -0.5% -0.6%

Feb 01 10:00ISM Index Jan 56.1 55.2 55.9

Feb 02 10:00Pending HomeSalesDec -3.2% 1.1% -16.0%

Feb 02 14:00Auto Sales Jan NA NA 4.14M

Feb 02 14:00Truck Sales Jan NA NA 4.49M

Feb 03 07:30Challenger JobCutsJan NA NA -72.9%

Feb 03 08:15ADP EmploymentChangeJan -60K -40K -84K

Feb 03 10:00ISM Services Jan 51.2 50.9 50.1

Feb 03 10:30Crude Inventories 1/29 NA NA -3.89M

Feb 04 08:30Initial Claims 01/30 460K 454K 470K

Feb 04 08:30Continuing Claims 01/30 4550K 4600K 4602K

Feb 04 08:30Productivity-Prel Q4 6.2% 6.0% 8.1%

Feb 04 08:30Unit Labor Costs -PreliminaryQ4 -2.0% -2.5% -2.5%

Feb 04 10:00Factory Orders Dec 0.1% 0.6% 1.1%

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Feb 05 08:30Nonfarm Payrolls Jan -40K 13K -85K

Feb 05 08:30UnemploymentRateJan 10.1% 10.0% 10.0%

Feb 05 08:30AverageWorkweekJan 33.2 33.2 33.2

Feb 05 08:30Hourly Earnings Jan 0.2% 0.2% 0.2%

Feb 05 15:00Consumer Credit Dec -$12.3B -$9.5B -$17.5B

Current views, speculations and suggestions

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

only, not fundamental.

Mar ES: potential reversal day

NQ: potential reversal day

Mar potential reversal day

Apr Gold: more of the same: PRV

Mar Silver: a theme emerges

Mar Copper: neg with res at 316.00

Mar Yen: pos with support at 110.19

Mar Swiss: potential reversal day

Mar EC: potential reversal day

Mar Canadian: potential reversal day

Mar BP: potential reversal day

Mar Aussie: neg with res at 88.88

Mar Crude: potential reversal day

Mar Mini Nat Gas: potential reversal day

Mar Soybeans: neg with res at 9.35

Mar Wheat: neg with res at 4.95

Mar Ten Year: pos with support at 117.24

Mar 30 Year: pos with support at 117.23

June Eurodollar: pos with support at 99.585

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

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 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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