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The health care bill passes but there is so much yet to be determined

Top Day Recommendations

March 22, 2010

No eco data points for the second day in a row. The health care bill passes

but there is so much yet to be determined that itís difficult to determine the

ultimate shakeout. Fear of sovereign debt default has stocks lower.

Week of March 22 - March 26

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

Mar 23 10:00Existing Home Sales Feb 4.75M 5.00M 5.05M

Mar 23 10:00FHFA Home Price Index Jan -1.2% -0.9% -1.6%

Mar 24 08:30Durable Orders Feb -1.0% 0.5% 2.6%

Mar 24 08:30Durable Orders ex Auto Feb 0.6% 0.5% -1.0%

Mar 24 10:00New Home Sales Feb 290K 315K 309K

Mar 24 10:30Crude Inventories 03/20 NA NA 1.01M

Mar 25 08:30Continuing Claims 03/13 4500K 4560K 4579K

Mar 25 08:30Initial Claims 03/20 460K 450K 457K

Mar 26 08:30GDP - Third Estimate Q4 5.9% 5.9% 5.9

Mar 26 08:30GDP Deflator - Third EstimateQ4 0.4% 0.4% 0.4%

Mar 26 09:55Michigan Sentiment - Final Mar 73.4 73.0 72.5

(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 1142.50

June Emini Nasdaq: positive with support at 1908.00

June Mini Dow: positive but below daily support of 1056

April Gold: negative with resistance at 1123.00

May Silver: potential reversal day

May Copper: neg with resistance at 341

June Yen: positive with support at 110.05

June Swiss: potential reversal day

June Euro Currency: negative with resistance at 136.08

June Canadian: potential reversal day

June British Pound: negative with resistance at 151.80

June Aussie: potential reversal day

May Crude: potential reversal day

April Mini Natural Gas: negative with resistance at 4.305

May Soybeans: positive with support at 9.545

May Wheat: negative with resistance at 4.94

May Sugar: negative with resistance at 19.29

June Ten Year Notes: potential reversal day

June 30 Year Bonds: positive with support at 117.13

Sept Eurodollar: negative with resistance at 99.48

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

International Markets

June Bund: negative with resistance at

June Dax: positive with support at

**********

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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