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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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Bonds are lower after yesterday's surge

Top Day Recommendations

4.11

Europe led the way lower yesterday as spreads on sovereign debt widened. After the close, Alcoa beats earnings estimates. Italy has a fairly decent bond auction. Yen is lower on sounds from the BOJ about easing rates. Then we get the oil inventory numbers at 10:30 while the real key will be at 2pm and the release of the Fed’s Beige Book. The markets have been having outsized reactions to these Fed reports lately. Bonds are lower after yesterday’s surge as stocks regain traction.

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
 
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
   
               
Date
ET
Release
For
Actual
Briefing.com Briefing.com
Prior
Revised
         
Forecast
Consensus
 
From
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
1346
1374
1414
1439
50
         
ES
           
             
June
D
2682
2718
2672
2734
2790
2827
           
Nasdaq
             
June
U
119
120.87
122.73
124.57
123.85
124.96
           
Yen
             
June
D
128.2
129.55
130.44
131.30
133.02
135.18
           
EC
 
4
         
             
June
U
127.3
129.16
131.03
131.29
131.26
132.20
           
10
 
1
         
             
Year
             
June
U
135.0
137.21
140.12
142.04
141.18
142.28
           
30
 
2
         
             
Year
             
May
D
13.97
14.15
14.14
14.44
14.41
14.52
           
Soybea
             
ns
             
May
PRD(D)
6.37
6.504
6.21
6.47
6.67
6.76
           
Corn
             
June
PRD(U)
1570
1600
1640.5
1672.0
1672
1715
           
Gold
             
May
U
29.68
30.70
31.21
32.04
33.02
34.31
           
Silver
             
May
PRD(D)
365
371
360
374
391
402
           
Copper              
May D 98.88 101.09 100.14 102.42 105.50 107.70
           
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.