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Retail sales come in at negative 1.2%

Top Day Recommendations

6.11.10

Sort of a mixed overnight but Retail sales come in at negative

1.2%. This is a decline which was unexpected. Crude is lower

by a dollar on this while stocks retreat. Lower than expected is

disappointing; negative is worse. Bonds will rebound smartly

on this.

U of Michigan consumer sentiment out at 9:55.

Remember that June currencies come off on

Monday early morning. Get out or roll now.

This Week's Calendar

Click on a "Release" for Insight

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Jun 0715:00Consumer Credit Apr -$2.0B -$2.0B $2.0B

Jun 0910:00WholesaleInventoriesApr 0.5% 0.5% 0.4%

Jun 0910:30Crude Inventories 06/05 NA NA -1.90M

Jun 0914:00Fed's Beige Book Jun

Jun 1008:30Initial Claims 06/05 450K 450K 453K

Jun 1008:30Continuing Claims 05/29 4600K 4600K 4666K

Jun 1008:30Trade Balance Apr -$39.5B -$41.2B -$40.4B

Jun 1014:00Treasury Budget May NA $154.0B $189.6B

Jun 1108:30Retail Sales May 0.2% 0.3% 0.4%

Jun 1108:30Retail Sales exautoMay -0.2% 0.1% 0.4%

Jun 1109:55Mich Sentiment Jun 74.5 74.8 73.6

Jun 1110:00Business Apr 0.5% 0.5% 0.4%

Date ET Release For ActualBriefing.com Consensus Prior

RevisedFrom

Inventories

(Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamental.

Sept Emini S&P: negative with resistance at 1092.75

Sept Emini Nasdaq: negative with resistance at 1842.00

Sept Mini Dow: negative with resistance at 1019

Aug Gold: potential reversal day

July Silver: negative with resistance at 18.56

July Copper: positive with support at 281.00

Sept Yen: positive with support at 109.05

Sept Swiss: positive with support at 87.09

Sept Euro Currency: positive with support at 119.96

Sept Canadian: positive with support at 95.93

Sept British Pound: potential reversal day

Sept Aussie: positive with support at 82.45

July Crude: positive with support at 74.03

July Wheat: negative with resistance at 4.38

July Beans: negative with resistance at 9.47

July Corn: positive with support at 3.36

Sept Ten Year Notes: positive with support at 119.15

Sept 30 Year Bonds: positive with support at 121.28

Dec Eurodollar: positive with support at 99.16

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

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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