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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


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United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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This morning’s news is being dominated by a speech from Fed Chairman Ben Bernanke

Top Day Recommendations

3.26

This morning’s news is being dominated by a speech from Fed Chairman Ben Bernanke. I don’t know if many expected to see the Chairman giving a detailed overview of the economy at this early hour. At any rate, he appears to be explaining the unemployment situation, it’s recent improvement and its structural difficulties. He’s even introducing some pretty arcane stuff including the Beverage curve. The market is generally responding favorably with stocks higher, Yen lower, dollar weaker crude and gold higher. Other than this, all the market has to deal with today is pending home sales at 10.

30
               
Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
Mar
10:00
Pending Home Sales
Feb
 
0.5%
0.5%
2.0%
 
26
   
               
Mar
09:00
Case-Shiller 20-city
Jan
 
-4.0%
-3.8%
-4.0%
 
27
Index
   
             
Mar
10:00
Consumer Confidence
Mar
 
71.0
70.0
70.8
 
27
   
               
Mar
07:00
MBA Mortgage Index
03/24
 
NA
NA
-7.4%
 
28
   
               
Mar
08:30
Durable Orders
Feb
 
2.5%
2.5%
-3.7%
-4.0%
28
 
               
Mar
08:30
Durable Orders -ex
Feb
 
0.5%
1.0%
-3.0%
-3.2%
28
Transportation
 
             
Mar
10:30
Crude Inventories
03/24
 
NA
NA
-
 
28
 
1.160M
 
             
Mar
08:30
Initial Claims
03/24
 
350K
350K
348K
 
29
   
               
Mar
08:30
Continuing Claims
03/17
 
3400K
3385K
3352K
 
29
   
               
Mar
08:30
GDP - Third Estimate
Q4
 
3.0%
3.0%
3.0%
 
Date
ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
29
           
Mar
08:30
GDP Deflator - Third
Q4
0.9%
0.9%
0.9%
29
Estimate
 
Mar
08:30
Personal Income
Feb
0.3%
0.4%
0.3%
 
30
             
 
Mar
08:30
Personal Spending
Feb
0.8%
0.6%
0.2%
 
30
             
 
Mar
08:30
PCE Prices - Core
Feb
0.1%
0.1%
0.2%
 
30
             
 
Mar
09:45
Chicago PMI
Mar
62.0
62.0
64.0
 
30
             
 
Mar
09:55
Michigan Sentiment -
Mar
73.5
74.3
74.3
 
30
Final
           

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
             
               
June
D
1366
1380
1384
1404
1407
1421
           
ES
             
June
D
2677
2703
2710
2764
2751
2774
           
Nasdaq
             
June
U
117.7
119.51
119.90
122.06
122.61
123.90
0
         
Yen
           
             
June
D
130.7
131.73
132.10
133.14
133.35
133.96
           
EC
 
6
         
             
June
U
127.0
128.02
128.07
129.12
129.21
130.08
           
10
 
3
         
             
Year
             
June
U
134.0
135.30
137.00
138.12
138.29
140.00
           
30
 
2
         
             
Year
             
May
U
13.21
13.43
13.53
13.81
13.77
14.00
           
Soybea
             
ns
             
May
PRD(U)
6.14
6.30
6.37
6.51
6.69
6.92
           
Corn
             
April
D
1610.
1635.00
1647
1681
1678
1695
           
Gold
 
3
         
             
May
U
30.12
31.16
31.70
32.86
33.16
34.12
           
Silver
             
May
U
365
373
377
386
390
399
           
Copper
             
May
U
102.4
104.60
103.67
108.36
108.80
110.85
5
         
Crude
           
             
               

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.