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Jobless was only 36k, better than expected

Top Day Rec 3.05.10

Job loss was only 36K, better than expected and this

lifts stocks early. Headline number remains the same.

This also led to early dollar strength but the metrics of

this report are so clouded by a lack of days and a surfeit

of horrible weather that many have already questioned

its relevance. Currencies are being dominated by

spreads: the risk appetite/ aversion trade of the Yen/EC,

the commodity currency spread of the Cad/AUD, the

Greek sensitive spread of the EC/CHF.

This Week's Calendar

Click on a "Release" for Insight

Date ET Release For Actual Briefing.comConsensus Prior

RevisedFrom

Mar 01 08:30Personal Income Jan 0.1% 0.3% 0.4% 0.3% 0.4%

Mar 01 08:30Personal Spending Jan 0.5% 0.6% 0.4% 0.3% 0.2%

Mar 01 08:30PCE Prices - Core Jan 0.0% 0.0% 0.0% 0.1%

Mar 01 10:00ConstructionSpendingJan -0.3% -0.6% -1.2%

Mar 01 10:00ISM Index Feb 59.1 58.0 58.4

Mar 02 14:00Auto Sales Feb NA NA 3.8M

Mar 02 14:00Truck Sales Feb NA NA 4.4M

Mar 03 07:30Challenger JobCuts YoYFeb NA NA -70.4%

Mar 03 08:15ADP EmploymentChangeFeb -35K -10K -22K

Mar 03 10:00ISM Services Feb 51.3 51.0 50.5

Mar 03 10:30Crude Inventories 2/26 NA NA 3.03M

Mar 03 14:00Fed's Beige Book Mar NA NA NA

Mar 04 08:30Initial Claims 02/27 515K 475K 495K

Mar 04 08:30Continuing Claims 02/20 4600K NA 4617K

Mar 04 08:30Productivity-Rev. Q4 6.4% 6.2% 6.2%

Mar 04 08:30Unit Labor Costs Q4 -4.4% -4.4% -4.4%

Mar 04 10:00Factory Orders Jan 2.7% 1.2% 1.0%

Mar 04 10:00Pending Home Jan -1.0% 1.7% 1.0%

Date ET Release For Actual Briefing.comConsensus Prior

RevisedFromSales

Mar 05 08:30UnemploymentRateFeb 10.0% 9.8% 9.7%

Mar 05 08:30Nonfarm Payrolls Feb -55K -20K -20K

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

Mar 05 08:30AverageWorkweekFeb 33.9 33.7 33.9

Mar 05 15:00Consumer Credit Jan -$5.6B -$3.8B -$1.7B

Current views, speculations and suggestions

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

only, not fundamental.

March Emini S&P: positive with support at 1165.00

March Emini Nasdaq: positive with support at 1850.00

March Mini Dow: positive with support at 10380

April Gold: neg with resistance at 1141

May Silver: positive with support at 17.02

May Copper: positive with support at 333.75

Mar Yen: positive with support at 111.14

Mar Swiss: positive with support at 91.96

Mar Euro Currency: negative with resistance at 137.70

Mar Canadian: positive with support at 96.37

Mar British Pound: negative with res at 151.08

Mar Aussie: positive with support at 89.60

April Crude: positive with support at 79.60

April Mini Natural Gas: negative with resistance at 4.72

May Soybeans: positive with support at 9.31

May Wheat: negative with resistance at 5.11

June Ten Year Notes: positive with support at 116.29

June 30 Year Bonds: positive with support at 116.21

Sept Eurodollar: potential reversal day

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

International Markets

June Bund:

June 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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