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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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FOMC Meeting at 2:00 pm. The American Petroleum Institute numbers constructive

Top Day Recommendations

5.18.11

 
Federal Open Market Committee Meeting notes at 2:00 pm. Weekly supply and demand figures regarding crude oil and its products out at 10:30. The American Petroleum Institute numbers last night were constructive. UK jobless data released last night. Also, Bank of England released their minutes from their last meeting as well. Tokyo condo sales were weaker than expected. Moody’s cuts the credit ratings of four Aussie banks. Other than that, markets remain a whipsaw wonder. Bulls can’t afford to be long on bearish days while bears can’t afford to be in the market on bullish days.  The question remains to be answered: will the end of the second round of quantitative easing be a de-facto tightening leading to a stronger dollar? Will just the normalization of interest rates to a nominal level see gold trading at 1364.80, the EC at 134.98 and crude at 82.60? Don’t touch that dial.        

Week of May 16 - May 20

Date

ET

Release

For

Actual

Briefing.com

Consensus

Prior

Revised From

May 16

08:30

Empire Manufacturing

May

 

17

18

21.7

 

May 16

09:00

Net Long-Term TIC Flows

Mar

 

NA

NA

$26.9B

 

May 16

10:00

NAHB Housing Market Index

May

 

16

16

16

 

May 17

08:30

Housing Starts

Apr

 

530K

565K

549K

 

May 17

08:30

Building Permits

Apr

 

570K

590K

594K

 

May 17

09:15

Industrial Production

Apr

 

0.4%

0.5%

0.8%

 

May 17

09:15

Capacity Utilization

Apr

 

77.5%

77.7%

77.4%

 

May 18

07:00

MBA Mortgage Index

05/13

 

NA

NA

+8.2%

 

May 18

10:30

Crude Inventories

05/14

 

NA

NA

3.781M

 

May 18

14:00

FOMC Minutes

May

 

 

 

 

 

May 19

08:30

Initial Claims

05/14

 

400K

420K

434K

 

May 19

08:30

Continuing Claims

05/07

 

3700K

3713K

3756K

 

May 19

10:00

Existing Home Sales

Apr

 

5.40M

5.22M

5.10M

 

May 19

10:00

Philadelphia Fed

May

 

15

17.5

18.5

 

May 19

10:00

Leading Indicators

Apr

 

0.1%

0.0%

0.4%

 

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 S+P

P

1311

1322.50

1317

1333.30

1352`

1369

Emini Naz

N

2338.50

2363.50

2322

2349

2400.50

2431

Yen

P

121.97`

122.84

122.09

123.66

124.68

125.65

EC

PRD

138.21

139.60

141.42

143.08

143.46

145.69

10 Year

P

121.05

121.26

122.19

123.07

123.02

123.20

30 Year

P

122.21

123.17

124.26

125.28

125.07

126.01

Soybeans

P

12.88

13.08

13.21.

13.51

13.55

13.804

Corn

P

6.234

6.526

7.034

7.29

7.174

7.53

June Gold

N

1450.3

1472.2

1468.2

1494.6

1521.4

1548.7

July Silver

PRD

 

28.53

31.94

32.84

35.03

39.10

42.87

July Copper

N

375

387.7

395

408

410.80

421.10

June Crude

N

90.83

94.86

95.35

98.14

104.20

109.08

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.