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CPI comes in lower than expected, a surprise

Top Day Recommendations

May 19

Apparently, Germany is failing at attempting get other countries to ban

speculation in the form of naked short selling. Merkel also wants to

introduce new taxes on financial markets to return government

hegemony. Consumer Price Index comes in lower than expected, a

surprise. This only allows the Fed to keep rates indefinitely low. This

allows the EC to have a mini relief rally as traders stand in a very

crowded plank.

This Week's Calendar

Click on a "Release" for Insight

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

May 17 09:00Net Long-TermTIC FlowsFeb NA 40.0 47.1

May 18 08:30Building Permits Apr 715K 680K 680K

May 18 08:30Core PPI Apr 0.0% 0.1% 0.1%

May 18 08:30Housing Starts Apr 675K 656K 626K

May 18 08:30PPI Apr 0.1% 0.1% 0.7%

May 19 08:30Core CPI Apr 0.0% 0.0% 0.0%

May 19 08:30CPI Apr 0.0% 0.1% 0.1%

May 19 10:30Crude Inventories 05/15 NA NA 1.95M

May 20 08:30Continuing Claims 05/15 4600K 4600K 4627K

May 20 08:30Initial Claims 05/15 440K 440K 444K

May 20 10:00Leading Indicators Apr 0.2% 0.2% 1.4%

May 20 10:00Philadelphia Fed May 22 21.3 20.2

(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 1127.50

June Emini Nasdaq: negative with resistance at 1899

June Mini Dow: negative with resistance at 10549

June Gold: negative with resistance at 1227.50

July Silver: negative with resistance at 19.13

July Copper: negative with resistance at 308.50

June Yen: positive with support at 107.78

June Swiss: negative with resistance at 88.36

June Euro Currency: negative with resistance at 123.81

June Canadian: positive with support at 95.58

June British Pound: negative with resistance at 144.60

June Aussie: negative with resistance at 87.19

July Crude: negative with resistance at 74.60

June Mini Natural Gas: positive with support at 4.26

July Wheat: negative with resistance at 4.72

July Beans: positive with support at 9.47

July Corn: negative with resistance at 3.624

June Ten Year Notes: positive with support at 119.17

June 30 Year Bonds: negative with resistance at 124.05

Sept Eurodollar: negative with resistance at 99.30

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

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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