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ECB keeps rates unchanged and the EC trades at new lows

Top Day Recommendations

May 6

Weekly jobless claims come in at -7K. Productivity is better as

labor costs fall.

ECB keeps rates unchanged and the EC trades at new lows.

Trichet says rates are appropriate. EC is almost down 4% for

the week. BP is calm ahead of todayís elections. Gold is better

on safe haven buying. So is the Swiss. Greek protests turn

deadly yesterday. Itís hard to see this resolving without

massive complications. How long ago was it that many were

looking to replace the dollar as the worldís reserve currency

with the Euro? No, donít think so. Crude is pointing at $75 a

barrel. Supplies are just too high when matched against

demand.

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 08:30Average Apr NA NA NA

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Workweek

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: potential reversal day

June Emini Nasdaq: negative with resistance at 1992.50

June Mini Dow: potential reversal day

June Gold: positive with support at 1161.50

July Silver: potential reversal day

July Copper: negative with resistance at 323.60

June Yen: potential reversal day

June Swiss: negative with resistance at 90.43

June Euro Currency: negative with resistance at 129.48

June Canadian: negative with resistance at 97.59

June British Pound: negative with resistance at 151.58

June Aussie: potential reversal day

June Crude: negative with resistance at 82.15

June Mini Natural Gas: positive with support at 3.92

July Wheat: positive with support at 5.04

July Beans: positive with support at 9.716

July Corn: positive with support at 3.656

June Ten Year Notes: positive with support at 118.04

June 30 Year Bonds: potential reversal day

Sept Eurodollar: negative with resistance at 99.37

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

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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