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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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China sneezes and the world catches cold

Top Day Recommendations

3.06

China, China, China. China sneezes and the world catches cold. And this morning, the chill has spread to Europe and from Europe the winds have arrived at Wall and Broad. So, we have profit taking in stocks and the second visit of new lows in Gold after the end of the month, technical spectacular with a monthly new high, a monthly new low and a lower close on the last trading day of the month. Looks like the consensus is for a correction. Potential short term trend reversals populate the list today. Also, Super Tuesday for the politically minded.

Week of March 05 - March 09

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Mar 10:00 Factory Orders Jan   -2.3% -1.9% 1.1%  
05    
               
Mar 10:00 ISM Services Feb   57.0 56.0 56.8  
05    
               
Mar 07:00 MBA Mortgage Index 03/03   NA NA -0.3%  
07    
               
Mar 08:15 ADP Employment Feb   250K 220K 170K  
07 Change    
             
Mar 08:30 Productivity-Rev. Q4   0.8% 0.9% 0.7%  
07    
               
Mar 08:30 Unit Labor Costs - Q4   1.1% 1.1% 1.2%  
07 Rev    
             
Mar 10:30 Crude Inventories 03/03   NA NA 4.160M  
07    
               
Mar 15:00 Consumer Credit Jan   $10.0B $13.4B $19.3B  
07    
               
Mar 07:30 Challenger Job Cuts Feb   NA NA 38.9%  
08    
               
Mar 08:30 Initial Claims 03/03   355K 355K 351K  
08    
               
Mar 08:30 Continuing Claims 02/25   3450K 3405K 3402K  
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
08                
Mar 08:30 Nonfarm Payrolls Feb   250K 207K 243K  
09    
               
Mar 08:30 Nonfarm Private Feb   275K 220K 257K  
09 Payrolls    
             
Mar 08:30 Unemployment Rate Feb   8.3% 8.3% 8.3%  
09    
               
Mar 08:30 Hourly Earnings Feb   0.2% 0.2% 0.2%  
09    
               
Mar 08:30 Average Workweek Feb   34.5 34.5 34.5  
09    
               
Mar 08:30 Trade Balance Jan   -$48.0B -$48.1B -  
09   $48.8B  
             
Mar 10:00 Wholesale Inventories Jan   0.6% 0.6% 1.0%  
09    
               

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 PRD(D) 1342 1355.50 1352.5 1370.00 1379.50 1390.50
    0      
ES            
             
Mar PRD(D) 2552. 2598.00 2582 2638 2669.50 2695.50
           
Nasdaq   50          
             
Mar D 120.2 121.26 122.22 123.81 124.11 125.97
           
Yen   7          
             
Mar D 129.9 131.03 131.27 132.60 133.93 135.92
4          
EC            
             
june 10 U 129.1 130.09 130.23 131.05 131.28 132.21
6          
Year            
             
               
june 30 D 137.1 139.12 140.17 141.15 143.24 146.09
7          
Year            
             
May U 12.57 12.95 13.145 13.33 13.51 13.705
           
Soybea              
ns              
May U 6.21 6.38 6.46 6.66 6.665 6.78
           
Corn              
April PRD (D) 16.26. 1669.60 1692.8 1716.4 1773.9 1835.4
Gold   8          
             
May D 31.64 33.21 33.18 34.57 36.96 39.15
           
Silver              
May PRD(D) 373 382 377. 391 397 404
           
Copper              
April PRD(D) 101.5 104.04 105.67 108.46 109.75 113.00
           
Crude   8          
             
               

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.