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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

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

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Yen continues to be spread against other currencies

Top Day Recommendations

4.10

Markets are generally quiet this morning as Europe reenters the fray from the respite purchased from the holiday. European debt spreads are widening this morning and European stocks are at two month lows with Frankfort down 1.1% and Britain down 1%. Alcoa kicks off the earnings season today after the close. The Yen continues to be spread against other currencies.

It’s another quiet news day in terms of releases with just wholesale inventories at 10.

We have recalibrated the technical levels for the week now that all markets are up and trading.

Week of April 09 - April 13

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Apr 10:00 Wholesale Feb   0.3% 0.5% 0.4%  
10 Inventories    
             
Apr 07:00 MBA Mortgage Index 04/07   NA NA 4.8%  
11    
               
Apr 08:30 Export Prices ex-ag. Mar   NA NA 0.5%  
11    
               
Apr 08:30 Import Prices ex-oil Mar   NA NA -0.1%  
11    
               
Apr 10:30 Crude Inventories 04/07   NA NA 9.009M  
11    
               
Apr 14:00 Treasury Budget Mar   NA NA -  
11   $188.2B  
             
Apr 14:00 Fed's Beige Book Apr          
11          
               
Apr 08:30 Initial Claims 04/07   355K 355K 357K  
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
12                
Apr 08:30 Continuing Claims 03/31   3350K 3350K 3338K  
12    
               
Apr 08:30 PPI Mar   0.8% 0.3% 0.4%  
12    
               
Apr 08:30 Core PPI Mar   0.2% 0.2% 0.2%  
12    
               
Apr 08:30 Trade Balance Feb   -$53.0B -$52.0B -$52.6B  
12    
               
Apr 08:30 CPI Mar   0.5% 0.3% 0.4%  
13    
               
Apr 08:30 Core CPI Mar   0.2% 0.2% 0.1%  
13    
               
Apr 09:55 Mich Sentiment Apr   75.5 76.1 76.2  
13    
               

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 1347. 1367 1370.2 1387.50 1414 1439
50   5      
ES          
             
June D 2682 2718 2715 2744.75 2790 2827
           
Nasdaq              
June U 119 120.87 122.31 123.50 123.85 124.96
           
Yen              
June PRD (U) 128.2 129.55 130.62 131.65 133.02 135.18
           
EC   4          
             
June U 127.3 129.16 130.29 131.10 131.26 132.20
1          
10            
             
Year              
June U 135.0 137.21 140.03 141.10 141.18 142.28
           
30   2          
             
Year              
May D 13.97 14.15 14.20 14.57 14.41 14.52
           
Soybea              
ns              
May U 6.37 6.504 6.435 6.59 6.67 6.76
           
Corn              
June D 1570 1600 1637.1 1656.7 1672 1715
           
Gold       0      
             
May U 29.68 30.70 31.18 31.97 33.02 34.31
           
Silver              
May U 365 371 368 377 391 402
           
Copper              
May D 98.88 101.09 101.31 103.10 105.50 107.70
           
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.