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EC worse on Greek default concerns.  Goldman Sachs testimony today

Top Day Recommendations

April 27

Case Schiller out at 9 am with anecdotal evidence concerning the

housing industry. Prices are expected to have increased. Overnight, the

Yen is better, EC worse on Greek default concerns. The entertainment

of the day should be the Senate testimony of Goldman Sachs as to the

potential conflict of interest that was involved with the marketing of

virtual CDO’s. The hearing will begin at 10. Yesterday was just so much

“running in mud” as the market waits for Wednesday’s Federal Open

Market Committee meeting decision on rates. Oil continues to leak in

the Gulf yet oil is lower in price, a negative for bulls. It’s not the news,

it’s how the market responds to the news that’s key.

Week of April 26 - April 30

Date ET Release For Actual Briefing.com Consensus Prior

Revised From

pr 27 09:00Case-Shiller 20-cityIndex (y/y)Feb 0.7% 1.1% -0.7%

Apr 27 10:00ConsumerConfidenceApr 54.0 53.7 52.5

Apr 28 10:30Crude Inventories 04/24 NA NA 1.89M

Apr 28 14:15FOMC RateDecision4/28 0.25% 0.25% 0.25%

Apr 29 08:30Continuing Claims 04/17 4625K 4625K 4646K

Apr 29 08:30Initial Claims 04/24 435K 440K 456K

Apr 30 08:30GDP-Adv. Q1 1.8% 3.2% 5.6%

Apr 30 08:30Chain Deflator-Adv.Q1 0.9% 0.9% 0.5%

Apr 30 08:30Employment CostIndexQ1 0.5% 0.5% 0.5%

Apr 30 09:45Chicago PMI Apr 59.5 59.8 58.8

Apr 30 09:55Mich Sentiment Apr 72.0 71.5 69.5

(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 1201.50

June Emini Nasdaq: positive with support at 2034.00

June Mini Dow: positive with support at 11083

June Gold: positive with support at 1146.00

July Silver: positive with support at 18.19

May Copper: potential reversal day

June Yen: negative with resistance at 106.77

June Swiss: negative with resistance at 9335

June Euro Currency: negative with resistance at 133.98

June Canadian: negative with resistance at 100.17

June British Pound: positive with support at 153.12

June Aussie: positive with support at 91.71

June Crude: negative with resistance at 85.31

May Mini Natural Gas: negative with resistance at 4.32

July Wheat: potential reversal day

July Beans: positive with support at 9.95

July Corn: potential reversal day

June Ten Year Notes: positive with support at 116.10

June 30 Year Bonds: negative with resistance at 117.25

Sept Eurodollar: negative with resistance at 99.44

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

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.

 

*The risk of loss exists in futures and commodity investing. Past performance is not indicative of future results or performance. Only risk capital should be used when making investments in the commodity markets.

 

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