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It will cost the ECB 1 trillion dollars to protect its currency against the Greek debt disaster

Top Day Recommendations

May 10

How much does time cost? Nearly 1 trillion dollars apparently.

Thatís how much buying some time cost for the ECB to protect

its currency against the Greek debt disaster. The Fed has also

opened its currency swap operation. With this package in

place, what will the Greek response be towards

implementation of austerity measures? Will this money enable

the schism between north and south to only continue?

Certainly observance of austerity measures will lead to an

economic contraction, if they are observed.

No eco releases this morning.

Week of May 10 - May 14

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

May 11 10:00WholesaleInventoriesMar 0.5% 0.5% 0.6%

May 12 08:30Trade Balance Mar -$39.5B -$40.0B -$39.7B

May 12 10:30Crude Inventories 05/08 NA NA 2.75M

May 12 14:00Treasury Budget Apr NA -$20.0B -$20.9B

May 13 08:30ContinuingClaims05/08 4600K 4590K 4594K

May 13 08:30Initial Claims 05/08 440K 440K 444K

May 13 08:30Export Prices exag.Apr NA NA 0.6%

May 13 08:30Import Prices exoilApr NA NA 0.2%

May 14 08:30Retail Sales Apr 0.6% 0.2% 1.9%

May 14 08:30Retail Sales exautoApr 0.7% 0.5% 0.9%

May 14 09:15CapacityUtilizationApr 73.7% 73.8% 73.2%

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

May 14 09:15IndustrialProductionApr 0.6% 0.6% 0.1%

May 14 09:55Mich Sentiment May 73.7 73.5 72.2

May 14 10:00BusinessInventoriesMar 0.4% 0.4% 0.5%

(Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamental.

June Emini S&P: negative with resistance at 1155

June Emini Nasdaq: negative with resistance at 1958

June Mini Dow: negative with resistance at 10750

June Gold: positive with support at 1184.00

July Silver: positive with support at 17.72

July Copper: negative with resistance at 324.00

June Yen: positive with support at 105.34

June Swiss: negative with resistance at 91.15

June Euro Currency: negative but above resistance at 129.25

June Canadian: negative with resistance at 97.88

June British Pound: negative with resistance at 150.04

June Aussie: negative but above resistance at 89.85

June Crude: negative with resistance at 79.60

June Mini Natural Gas: positive with support at 3.78

July Wheat: positive with support at 5.00

July Beans: positive with support at 9.51

July Corn: positive with support at 3.67

June Ten Year Notes: positive with support at 117.31

June 30 Year Bonds: positive with support at 119.24

Sept Eurodollar: negative but above resistance at 99.35

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

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

HYPOTHETICAL 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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