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Retail sales come in better than expected at 0.3%

Top Day Rec 3.12.10

Retail sales came in better than expected at 0.3% which

further removes the threat of a double dip recession. At

least thatís the first blush consensus. This eco release

continues to lift the market higher. Yesterday was a 17

month high. U of Michigan consumer confidence later.

The real problem with Greece is its pension

commitments. Hair dressers can retire at the age of 50

due to the chemicals used in their trade while

broadcasters can retire at 55 due to the threat of

bacterial infection from the microphones they use.

Future pension commitments are equivalent to 858% of

their GDP.

Week of March 08 - March 12

Date ET Release For ActualBriefing.com Consensus Prior

Revised

From

Mar 10 10:00

Wholesale

Inventories

Jan -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 08:30

Continuing

Claims

2/27 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 08:30

Retail Sales exauto

Feb 0.2% 0.0% 0.6%

Mar 12 09:55Mich Sentiment Mar 74.6 73.8 73.6

Mar 12 10:00

Business

Inventories

Jan 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 1138.00

June Emini Nasdaq: positive with support at 1911.00

June Mini Dow: positive but below daily support of 1048

April Gold: negative with resistance at 1118.00

May Silver: positive with support at 16.70

May Copper: negative with resistance at 343.00

June Yen: potential reversal day

June Swiss: positive with support at 9322

June Euro Currency: above daily resistance of 137.25

June Canadian: positive with support at 96.95

June British Pound: negative with res at 151.35 (higher today on better

housing prices)

June Aussie: positive with support at 90.25

April Crude: positive with support at 81.50

April Mini Natural Gas: negative with resistance at 4.55

May Soybeans: positive with support at 9.18

May Wheat: really negative with resistance at 4.86

May Sugar: negative with resistance at 2047

June Ten Year Notes: potential reversal day

June 30 Year Bonds: positive with support at 115.16

Sept Eurodollar: negative with resistance at 99.44

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

International Markets

June Bund: negative with resistance at 122.66

June Dax: positive with support at 5914

**********

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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