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Open market committee meeting and rate decision on 2:15 pm.

Top Day Recommendations

6.23.10

Day two of the Federal Reserveís Open Market Committee meeting and

their rate decision to be released at approximately 2:15 this afternoon.

New home sales out at 10. They are expected to have slowed.

Caveat Emptor before you Carpe Diem. On Fed day the market can go

anywhere it wants to by several standard deviations. Tread lightly.

Week of June 21 - June 25

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Jun 22 10:00 Existing Home Sales May 6.10M 6.10M 5.77M

Jun 22 10:00 FHFA Housing Price Index Apr NA NA 0.3%

Jun 23 10:00 New Home Sales May 450K 427K 504K

Jun 23 10:30 Crude Inventories 06/19 NA NA 1.69M

Jun 23 14:15 FOMC Rate Decision Jun 23 0.25% 0.25% 0.25%

Jun 24 08:30 Durable Orders May -1.8% -1.4% 2.8%

Jun 24 08:30 Durable Orders exTransportationMay 1.3% 1.25% -1.1%

Jun 24 08:30 Initial Claims 06/19 460K 458K 472K

Jun 24 08:30 Continuing Claims 06/19 4600K 4580K 4571K

Jun 25 08:30 GDP - Third Estimate Q1 3.0% 3.0% 3.0%

Jun 25 08:30 GDP Deflator Q1 1.0% 1.0% 1.0%

Jun 25 09:55 U Michigan Sentiment - Final Jun 75.3 75.5 75.5

(Current views, speculations and suggestions

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

only, not fundamental.

Sept Emini S&P: potential reversal day

Sept Emini Nasdaq: potential reversal day

Sept Mini Dow: positive with support at 10308

Aug Gold: positive with support at 1228.20

July Silver: negative with resistance at 19.06

July Copper: potential reversal day

Sept Yen: positive with support at 110.07

Sept Swiss: positive with support at 89.72

Sept Euro Currency: negative with resistance at 123.37

Sept Canadian: potential reversal day

Sept British Pound: negative with resistance at 148.86

Sept Aussie potential reversal day

Aug Crude: positive reversal day

July Nat Gas: negative with resistance at 4.86

July Wheat: negative with resistance at 4.64

July Beans: negative with resistance at 9.69

July Corn: positive with support at 3.48

Sept Ten Year Notes: positive with daily support of 120.21

Sept 30 Year Bonds: positive with support at 123.24

Dec Eurodollar: positive with support 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

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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