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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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No restructuring of Greek debt

Top Day Recommendations

5.20.11

No data points today except for Canadian retail sales which came in on the soft side and consequently took the currency lower. Bundesbank says German growth rate slowing a bit. FX option expiration day as well as grain options expiry. There apparently, as of this moment, will not be a restructuring of Greek debt and this has hit the EC and lifted the SF on crosses. Restructuring has been renamed "reprofiling." Interesting how crisis can generate its own nomenclature to deflect its reality somehow. A rose by any other name would…Linked- in was the story of the day, yesterday. It’s always amusing when an IPO is trading at a massive multiple of projected revenues, not earnings, revenues. The above the line number. Oh well, it’s spring and time for tulips. If only their shelf life was longer.

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 P 1311 1322.50 1335 1346 1352` 1369
S+P
Emini Naz P 2338.50 2363.50 2357 2377 2400.50 2431
Yen P 121.97` 122.84 121.88 123.02 124.68 125.65
EC N 138.21 139.60 141.352 143.48 143.46 145.69
10 Year P 121.05 121.26 122.022 122.27 123.02 123.20
30 Year P 122.21 123.17 124 125.03 125.07 126.01
Soybeans P 12.88 13.08 13.69 13.89 13.55 13.804
Corn P 6.234 6.526 7.40 7.58 7.174 7.53
June Gold N 1450.3 1472.2 1485 1506 1521.4 1548.7
July Silver P 28.53 31.94 34.38 35.61 39.10 42.87
July Copper N 375 387.7 402 415 410.80 421.10
July Crude N 90.83 94.86 97.96 100.57 104.20 109.08

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.