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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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Metals continue to rally

Top Day Recommendations

4.20.11

IBM has a big beat and this defeats, for the moment at least, the S+P downgrade for the US economy. It’s a lite day for eco news with just existing home sales and the crude inventories numbers in play. Risk is back on today with the EC up 190 and the Yen lower on crosses. German producer prices come in less than expected. Metals continue their ebullience. Original rough projections posited gold at 1542 by Mid-summer but Midsummer might be closer than you think. Today is already starting out as one of those days where things just simply don’t work. Got bumped off the subway due to switching problems in Brooklyn. Then I make coffee without water and I’m having data feed problems. What’s next?

The definition of synergy: the cheapest possible way of doing business.

This Week's Calendar

Week of April 18 - April 22

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Apr 18 10:00 NAHB Housing Market Index Apr 17 17 17
Apr 19 08:30 Housing Starts Mar 500K 520K 479K
Apr 19 08:30 Building Permits Mar 530K 538K 517K
Apr 20 07:00 MBA Mortgage Purchase Index 04/15 NA NA -6.7%
Apr 20 10:00 Existing Home Sales Mar 5.15M 5.00M 4.88M
Apr 20 10:30 Crude Inventories 04/16 NA NA 1.627M
Apr 21 08:30 Initial Claims 04/16 370K 390K 412K
Apr 21 08:30 Continuing Claims 04/16 3650K 3650K 3680K
Apr 21 10:00 Philadelphia Fed Apr 30 32.9 43.4
Apr 21 10:00 Leading Indicators Mar 0.2% 0.2% 0.8%
Apr 21 10:00 FHFA Housing Price Index Feb NA NA -0.3%

Current views, speculations and suggestions.

They are good till close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend

P is Positive

N is Negative

PRD is Potential Reversal Day

S2 is strong support

S1 is good support

DS is Daily Support

DR is Daily Resistance

R1 is Good Resistance

R2 is Strong Resistance

Levels are for the most active futures contract

Daily Support and Resistance

Trend S2 S1 DS DR R1 R2

Emini P 1283 1301 1298.50 1319.50 1333 1347
S+P
Emini Naz N 2260 2285 2286 2242 2234 2358
Yen P 116.33 118.33 120.61 121.64 121.46 122.59
EC P 142..73 143.05 142.26 144.28 145.44 146.74
10 Year P 117.13 118.19 119.21 120.14 120.15 121.04
30 Year P 116.26 118.26 120.09 121.26 121.28 122.30
Soybeans N 12.615 12.965 13.47 13.665 13.865 14.41
Corn PRD 7.104 7.26 7.53 7.685 7.705 7.99
June Gold P 1429.6 1458.3 1488.7 1506.9 1502.4 1517
May Silver P 38.59 40.82 43.05 45.05 44.16 45.28
May Copper N 40.39 41.47 418.70 430.50 44.47 46.05
June Crude P 10.23 105.31 105.96 108.86 113.46 117.53

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.