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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 stocks were are a bit better in front of the durable goods orders

Top Day Recommendations

3.28

This morning stocks were are a bit better in front of the durable goods orders. Durable goods came out and were a little bit disappointing and the market has trimmed to those gains subsequently. Also stocks had caught an earlier bid due to remarks from Federal Reserve Chairman Bernanke that the economy had made gains but those gains may not be sustainable. Of course this gave the impression of more stimulus in the future. Other than that, we get the IEA numbers regarding the most recent supply numbers for crude oil and its products at 10:30. The API numbers last night showed a build and also there is renewed talk of release of oil from strategic reserves by both the US and France and this has sent crude oil down to its outside support for the day of 105.98. Outside support on heating oil comes in at 320.50 while gasoline is through its daily support of 335.40. Dollar strength is also pressure gold which needed to close above 1690.20 yesterday and failed. Daily support in gold is at 1668.50. Equities are trying to cling to their games despite negative forces from other markets probably due to month and short covering and window-dressing.

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%
 
Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
26
               
Mar
09:00
Case-Shillerclick on
Jan
 
-4.0%
-3.8%
-4.0%
 
27
file 20-city 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%
 
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 1397 1415.50 1407 1421
           
ES              
June D 2677 2703 2762 2786 2751 2774
           
Nasdaq              
June PRD(D) 117.7 119.51 119.94 121.60 122.61 123.90
0          
Yen            
             
June D 130.7 131.73 132.78 133.81 133.35 133.96
6          
EC            
             
June U 127.0 128.02 129.03 130.05 129.21 130.08
           
10   3          
             
Year              
June U 134.0 135.30 137.18 139.10 138.29 140.00
           
30   2          
             
Year              
May U 13.21 13.43 13.63 13.93 13.77 14.00
           
Soybea              
ns              
May D 6.14 6.30 6.21 6.40 6.69 6.92
           
Corn              
April D 1610. 1635.00 1668.50 1695.0 1678 1695
           
Gold   3          
             
May U 30.12 31.16 32.05 33.04 33.16 34.12
           
Silver              
May U 365 373 383 390 390 399
           
Copper              
May U 102.4 104.60 105.98 107.86 108.80 110.85
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