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European financial turmoil continues to pressure the markets

Top Day Recommendations

May 24

No apparent end to European financial turmoil continues to

pressure the markets. European stocks are at a six month low.

Gold has refound some buyers as the anti currency. 10 year

yield is pointed at 3%. National Manufacturing Index expands

while the market waits for existing home sales at 10.

Week of May 24 - May 28

Date ET Release For ActualBriefing.com Consensus Prior

Revised From

May 24 10:00Existing HomeSalesApr 5.7M 5.65M 5.4M

May 25 09:00Case-Shiller 20-city IndexMar 3.0% 2.8% 0.6%

May 25 10:00ConsumerConfidenceMay 58.1 58.3 57.9

May 25 10:00FHFA HousingPrice IndexMar NA NA -0.2%

May 26 08:30Durable Orders Apr 1.3% 1.4% -0.3%

May 26 08:30Durable Orders exTransportationApr 0.5% 0.5% 3.5%

May 26 10:00New Home Sales Apr 430 425 411

May 26 10:30Crude Inventories 05/22 NA NA 0.162M

May 27 08:30GDP - SecondEstimateQ1 3.3% 3.3% 3.2%

May 27 08:30GDP Deflator -Second EstimateQ1 0.9% 0.9% 0.9%

May 27 08:30Initial Claims 05/22 450K 455K NA

May 27 08:30ContinuingClaims05/22 4600K 4600K NA

May 28 08:30Personal Income Apr 0.4% 0.4% 0.3%

May 28 08:30Personal Spending Apr 0.0% 0.3% 0.6%

May 28 08:30PCE Prices - Core Apr 0.0% 0.1% 0.1%

May 28 09:45Chicago PMI May 60.0 60.0 63.8

May 28 09:55U. Michigan May 73.8 73.7 73.3

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

ConsumerSentiment

(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 1098.50

June Emini Nasdaq: negative with resistance at 1847.00

June Mini Dow: negative with resistance at 10266

June Gold: negative with resistance at 1187 and 1198

July Silver: negative with resistance at 18.13

July Copper: negative with resistance at 313 and 321

June Yen: positive with support at 109.80

June Swiss: negative with resistance at 87.60

June Euro Currency: positive with support at 123.66

June Canadian: negative with resistance at 94.91

June British Pound: negative with resistance at 145.40

June Aussie: negative with resistance at 83.69

July Crude: negative with resistance at 71.18 and 72.30

July Mini Natural Gas: negative with resistance at 4.26

July Wheat: negative with resistance at 4.79

July Beans: positive with support at 9.55

July Corn: potential reversal day

June Ten Year Notes: positive with support at 120.25

June 30 Year Bonds: possible reversal day

Sept Eurodollar: negative with resistance at 99.18

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

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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