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Weekly jobless claims down 6K and trade deficit narrows

Top Day Rec 3.11.10

Weekly jobless claims down 6K. Trade deficit narrows

as the appetite for foreign cars adjusts. Other than that,

not much blowing in the wind. A paucity of eco data. A

big bond sale at the long end later in the day. Chinese

inflation continues unabated. Interesting story in the

Times recently about Shanghai real estate. Roll over for

stock index futures.

Week of March 08 - March 12

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Mar 10 10:00WholesaleInventoriesJan -0.1% 0.2% -0.8%

Mar 10 10:30Crude Inventories 03/06 NA NA 4.03M

Mar 10 14:00Treasury Budget Feb -$223.0B -$210.0B -$42.6B

Mar 11 08:30ContinuingClaims2/27 4550K 4495K 4500K

Mar 11 08:30Initial Claims 03/06 445K 460K 469K

Mar 11 08:30Trade Balance Jan -$37.2B -$41.0B -$40.2B

Mar 12 08:30Retail Sales Feb -0.2% 0.2% 0.5%

Mar 12 08:30Retail Sales exautoFeb 0.2% 0.0% 0.6%

Mar 12 09:55Mich Sentiment Mar 74.6 73.8 73.6

Mar 12 10:00BusinessInventoriesJan 0.0% 0.2% -0.2%

Current views, speculations and suggestions

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

only, not fundamental.

June Emini S&P: positive with support at 1133.50

June Emini Nasdaq: positive with support at 1892.00

June Mini Dow: positive but below daily support of 1048

April Gold: negative with resistance at 1123.00

May Silver: positive with support at 16.48

May Copper: negative with resistance at 342.00

June Yen: positive with support at 110.03

June Swiss: positive with support at 9289

June Euro Currency: negative with resistance at 137.05

June Canadian: positive with support at 96.77

June British Pound: negative with res at 150.89

June Aussie: positive with support at 89.96

April Crude: positive with support at 79.75

April Mini Natural Gas: negative with resistance at 4.61

May Soybeans: positive with support at 9.32

May Wheat: really negative with resistance at 4.89

May Sugar: negative with resistance at 2044

June Ten Year Notes: positive with support at 116.14

June 30 Year Bonds: positive with support at 115.17

Sept Eurodollar: negative with resistance at 99.45

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

International Markets

June Bund: negative with resistance at 122.79

June Dax: positive with support at 5897

**********

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.

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

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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