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Leading Economic Indicators weak dud to an exogenous event; Goldman

Top Day Recommendations

April 19

Just Leading Economic Indicators this morning. The balance of the

week is weak in terms of data points. Of course, the market got the

exogenous event that could derail it with the SEC complaint against

Goldman. The fact that Goldman lost 90 million on the deal isn’t

material. It was the truth or lack of truth in advertising. Although

lower, the markets are fairly stable. On a positive note, Citigroup says

that bad loan costs decline and 50% of flights may be resumed today in

Europe.

Happy Patriots day in Massachusetts with the reenactment of “Don’t

shoot till you see the whites of their eyes” on Lexington common having

already occurred at 5 am , the marathon and the Sox playing at 11 am.

This Week's Calendar

Click on a "Release" for Insight

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

Apr 19 10:00Leading Indicators Mar 1.0% 1.0% 0.1%

Apr 21 10:30Crude Inventories 04/17 NA NA -2.20M

Apr 22 08:30Initial Claims 04/17 440K 455K 484K

Apr 22 08:30Continuing Claims 04/10 4600K 4600K 4639K

Apr 22 08:30PPI Mar 0.7% 0.5% -0.6%

Apr 22 08:30Core PPI Mar 0.1% 0.1% 0.1%

Apr 22 10:00Existing HomeSalesMar 5.30M 5.30M 5.02M

Apr 22 10:00FHFA Home PriceIndexFeb -0.2% -0.2% -0.6%

Apr 23 08:30Durable Orders Mar 0.7% 0.2% 0.9%

Apr 23 08:30Durable Orders exautoMar 0.2% 0.6% 1.4%

Apr 23 10:00New Home Sales Mar 340K 325K 308K

(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 1179.25

June Emini Nasdaq: positive with support at 1993.50

June Mini Dow: positive with support at 1091

June Gold: positive with support at 1124.20

July Silver: positive with support at 17.42

May Copper: possible reversal day

June Yen: positive with support at 107.71

June Swiss: negative with resistance at 94.65

June Euro Currency: negative with resistance at 135.62

June Canadian: potential reversal day

June British Pound: positive but below daily support at 152.78

June Aussie: potential reversal day

June Crude: negative with resistance at 8625

May Mini Natural Gas: negative with resistance at 415

May Wheat: potential reversal day

June Ten Year Notes: positive with support at 116.195

June 30 Year Bonds: positive with support 116.11

Sept Eurodollar: positive with support at 99.51

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

N.B.: if you initiate a trade using ANY of these

numbers use a STOP at least equivalent to 2 ˝%.

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.

 

 

 

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