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Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

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9247 Broadway
Suite EE
Merrillville, IN 46410

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Bonds and Yen up, EC and Crude down

Top Day Recommendations

6.10.11

A light news day with just the release of the import price index which came in higher than expected. I guess the year on year comparison really stands out at +12.5%. The expectation was 11.2%. Jean Claude Trichet is talking again about "strong vigilance" which is code for higher rates. The Bundesbank raises German growth forecasts to 3.1%, up from 2.5%. UK manufacturing index comes in softer than expected. China may raise rates over the weekend. French industrial production comes in softer as well. Balance of Trade for Chinese come sin soft as well, an Aussie dollar negative. Risk off this morning with Bonds up 17, Yen up, EC down, crude down. ES has rolled forward to September as front month forward. Still targets 1250.

Week of June 06 - June 10

Date ET Release For Actual Briefing.com Consensus Prior Revised From
Jun 07 15:00 Consumer Credit Apr $6.5B $6.0B $6.0B
Jun 08 07:00 MBA Mortgage Index 06/04 NA NA -4.0%
Jun 08 10:30 Crude Inventories 06/03 NA NA 2878K
Jun 08 14:00 Fed's Beige Book Jun
Jun 09 08:30 Initial Claims 06/04 430K 423K 422K
Jun 09 08:30 Continuing Claims 05/28 3700K 3688K 3711K
Jun 09 08:30 Trade Balance Apr -$47.5B -$48.7B -$48.2B
Jun 09 10:00 Wholesale Inventories Apr 0.8% 0.9% 1.1%
Jun 10 08:30 Export Prices ex-ag. May NA NA 1.0%
Date ET Release For Actual Briefing.com Consensus Prior Revised From
Jun 10 08:30 Import Prices ex-oil May NA NA 0.6%
Jun 10 14:00 Treasury Budget May NA NA -$135.9B

- Numbers are good up until the 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

Some of these numbers are badly skewed due to Monday’s holiday when some markets were closed, others open

Trend S2 S1 DS DR R1 R2

Sept Emini S+P N 1259.50 1277.90 1271 1290 1331 1366
Emini Naz N 2221 2254 2229 2261 2350 2413
Yen P 121.30 122.95 124.15 125.06 125.58 126.58
EC P 141.15 143.78 143.65 146.20 147.57 148.95
Sep 10 Year P 121.30 122.12 122.29 123.26 124.01
Sep 30 Year P 122.29 124.03 124.20 126.04 126.12 127.15
Soybeans P 13.47 13.80 13.70 140.09 14.33 14.53
Corn P 7.26 7.46 7.65 7.99 7.69 7.84
August Gold P 1492.70 1515.1 1525.7 1551 1549.7 1561.9
July Silver N 32.56 35.29 36.13 37.85 39.80 41.57
July Copper PRD 386.50 402.30 401.50 413.50 426.60 435.0
July Crude P 95.42 97.99 100.00 102.66 103.26 105.96

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.