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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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Oil and silver took off yesterday

Top Day Recommendations

2.24

Just Michigan consumer sentiment and new home sales today. In the current skewed environment of market cycles, Friday is the new Thursday. For whatever reason, Monday is a day of regaining bearings; Tuesday and Thursday are the big market movers while Wednesday is a plateau day. Of course, all things change but this is the current map but as we all know the map is not the territory. Oil and silver took off yesterday while the oil story has a lot to do with refinery capacity or lack thereof as refineries switch over to gasoline. Higher oil only benefits the Middle East and Russia and hurts everyone else especially the world’s best customer, China and Japan who has severely cut back on its nuclear production. Equities moved higher but higher oil prices are not a positive for stocks as the cost of manufacture and transportation increase and cut into margins. We did not get the turn lower in stocks on the close and today looks like a flattening out of positions taken yesterday.

Week of February 20 - February 24

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Feb 07:00 MBA Mortgage Index 02/18   NA NA -1.0%  
22    
               
Feb 10:00 Existing Home Sales Jan   4.50M 4.63M 4.61M  
22    
               
Feb 08:30 Initial Claims 02/18   360K 355K 348K  
23    
               
Feb 08:30 Continuing Claims 02/11   3500K 3450K 3426K  
23    
               
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Feb 10:00 FHFA Housing Price Dec   NA NA 1.0%  
23 Index    
             
Feb 11:00 Crude Inventories 02/18   NA NA -  
23   0.171M  
             
Feb 09:55 Michigan Sentiment - Feb   73.5 73.0 72.5  
24   Final            
Feb 10:00 New Home Sales Jan   320K 315K 307K  
24    
               

MARKET PLACE

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 P 1325 1342 1354.25 1327.50 1369 1378
           
ES              
Mar D 2517 2549 2579 2623 2607 2632
           
Nasdaq              
Mar D 123.2 124.57 124.08 125.25 128.25 130.61
5          
Yen            
             
Mar U 128.2 129.94 132.51 134.65 133.04 134.49
           
EC   9          
             
Mar 10 PRD(U) 129.2 130.13 130.15 131.13 131.19 132.08
           
Year   9          
             
               
Mar 30 PRD(U) 140.1 141.19 141.30 143.06 143.13 144.22
           
Year   2          
             
Mar U 12.16 12.41 12.68 12.82 12.69 12.98
           
Soybea              
ns              
March PRD(U) 6.11 6.26 6.28 6.44 6.516 6.616
           
Corn              
April U 1691. 1708.2 1766 1792 1740.7 1756.2
2          
Gold            
             
Mar D 31.91 32.59 34.65 36.03 33.96 34.70
           
Silver              
Mar D 355 363 374 383 385 398
           
Copper              
April U 97.74 101.06 105.94 110.63 104.82 107.82
           
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.