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Overnight, EC is lower on the idea that austerity measures will result in an economic contraction

Top Day Recommendations

6.01.10

As if you never left. Overnight, EC is lower on the idea that

austerity measures will result in an economic contraction. A

decline in Chinaís Purchasing Managerís Index suggests an

economic pullback there. Other currencies skewed with British

higher and the Aussie significantly lower. ISM index at 10.

Week of May 31 - June 04

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

Jun 0110:00ConstructionSpendingApr -0.2% 0.1% 0.2%

Jun 0110:00ISM Index May 59.5 58.9 60.4

Jun 0210:00Pending Home Sales Apr 3.5% 3.5% 5.3

Jun 0210:30Crude Inventories 05/29 NA NA 2.46M

Jun 0214:00Auto Sales May NA 4.1M 3.9M

Jun 0214:00Truck Sales May NA 4.8M 4.9M

Jun 0308:15ADP EmploymentChangeMay 60K 56K 32K

Jun 0308:30Productivity-Rev. Q1 3.3% 3.4% 3.6%

Jun 0308:30Unit Labor Costs Q1 -1.4% -1.6% -1.6%

Jun 0308:30Initial Claims 05/29 450K 455K 460K

Jun 0308:30Continuing Claims 05/22 4600K 4600K 4607K

Jun 0310:00Factory Orders Apr 2.0% 1.7% 1.3%

Jun 0310:00ISM Services May 55.7 55.5 55.4

Jun 0408:30Nonfarm Payrolls May 500K 500K 290K

Jun 0408:30Unemployment Rate May 10.0% 9.8% 9.9%

Jun 0408:30Hourly Earnings May 0.1% 0.1% 0.0%

Jun 0408:30Average Workweek May 34.2 34.1 34.1

(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 1096.00

June Emini Nasdaq: negative with resistance at 1867.00

June Mini Dow: negative with resistance at 10189

Aug Gold: positive with support at 1213

July Silver: negative with resistance at 18.67

July Copper: negative with resistance at 313.50

June Yen: positive with support at 109.24

June Swiss: negative with resistance at 86.90

June Euro Currency: negative with resistance at 123.32

June Canadian: negative with resistance at 96.03

June British Pound: negative with resistance at 145.75

June Aussie: negative with resistance at 84.85

July Crude: negative with resistance at 74.80

July Mini Natural Gas: positive with support at 425.00

July Wheat: negative with resistance at 4.68

July Beans: negative with resistance at 9.50

July Corn: potential reversal day

June Ten Year Notes: positive with support at 120.15

June 30 Year Bonds: positive with support at 122.31

Sept Eurodollar: positive with support at 99.13

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

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

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.

 

*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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