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Spending rises to the best level in six months but was in line with expectations

Top Day Recommendations

May 3

Overnight, the EU has proposed a 145 billion dollar rescue

package but passage is not assured. Personal Income and

Spending failed to move the market. Spending rose to the best

level in six months but was in line with expectations. Bonds are

pressured by the Greek bailout package. Oil continues to gush

in the Gulf and oil continues to hold gains. NYC subway

system a mess this morning due to a monsoon. No 5 train.

Unemployment number on Friday.

Week of May 03 - May 07

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

May 03 08:30Personal Income Mar NA 0.3% 0.0%

May 03 08:30Personal Spending Mar NA NA NA

May 03 10:00ConstructionSpendingMar NA NA NA

May 03 10:00ISM Index Apr NA NA NA

May 03 14:00Auto Sales Apr NA NA NA

May 03 14:00Truck Sales Apr NA NA NA

May 04 10:00Factory Orders Mar NA NA NA

May 05 08:15ADP EmploymentChangeApr NA NA NA

May 05 10:00ISM Services Apr NA NA NA

May 05 10:30Crude Inventories 05/01 NA NA 1.96M

May 06 08:30Continuing Claims 05/01 NA NA NA

May 06 08:30Initial Claims 05/01 NA NA NA

May 06 08:30Productivity-Prel Q1 NA NA NA

May 07 08:30AverageWorkweekApr NA NA NA

May 07 08:30Hourly Earnings Apr NA NA NA

May 07 08:30Nonfarm Payrolls Apr NA NA NA

May 07 08:30UnemploymentRateApr NA NA NA

May 07 15:00Consumer Credit Mar NA NA NA

(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 1175.00

June Emini Nasdaq: negative with resistance at 2031.00

June Mini Dow: positive with support at 10888

June Gold: positive with support at 1171.50

July Silver: potential trend reversal day

July Copper: negative with resistance at 338.60

June Yen: potential trend reversal day

June Swiss: positive with support at 91.90

June Euro Currency: positive with support at 131.60

June Canadian: negative with resistance at 99.37

June British Pound: positive with support at 151.65

June Aussie: positive with support at 91.70

June Crude: positive with support at 84.60

June Mini Natural Gas: potential reversal day

July Wheat: positive with support at 4.956

July Beans: positive with support at 9.932

July Corn: positive with support at 3.654

June Ten Year Notes: positive with support at 117.15

June 30 Year Bonds: potential reversal day

Sept Eurodollar: negative with resistance at 99.43

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

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

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

Repeat: use Stops. Donít think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a Stop or if

itís 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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