Navigation

OPEN ACCOUNT NOW ONLINE!
Home
Managed Futures
Online Futures Trading
Futures Trading Systems
Free $45 Investor Kit

Quotes and Charts

Single Stock Futures

Emini
S&P, Nasdaq, Dow

Free Futures Kits
Futures Education Center
Research
Rates
 
   

EC is higher on currency unwinds, markets remain defensive going into holiday and the unemployment numbers

Top Day Recommendations

6.30.10

European banks had a less than expected draw on ECB funds

for this refunding cycle and this is being interpreted to signify

that the general health of the region may be better than

originally feared. EC is higher on currency unwinds, especially

against the Swiss, from record levels. (see chart).

Otherwise, markets remain defensive going into the holiday

and the unemployment numbers.

ADP sees only 13K private sector job adds. Moribund.

Consumer confidence at 19 along with the Chicago Purchasing

Managers and crude inventories,

Week of June 28 - July 02

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Jun 28 08:30 Personal Income May 0.5% 0.5% 0.4%

Jun 28 08:30 Personal Spending May 0.1% 0.1% 0.0%

Jun 28 08:30 PCE Prices May 0.1% 0.1% 0.1%

Jun 29 09:00 Case-Shiller 20-city Index Apr 3.0% 3.4% 2.3%

Jun 29 10:00 Consumer Confidence Jun 63.5 62.0 63.3

Jun 30 08:15 ADP Employment Change Jun 75K 61K 55K

Jun 30 09:45 Chicago PMI Jun 58.0 59.0 59.7

Jun 30 10:30 Crude Inventories 06/26 NA NA 2.02M

Jul 01 08:30 Continuing Claims 06/19 4500K 4510K 4548K

Jul 01 08:30 Initial Claims 06/26 460K 458K 457K

Jul 01 10:00 Construction Spending May -1.0% -0.9% 2.7%

Jul 01 10:00 ISM Index Jun 59.0 59.0 59.7

Jul 01 10:00 Pending Home Sales May -12.5% -10.5% 6.0%

Jul 01 14:00 Auto Sales Jun NA 4.0M 3.9M

Jul 01 14:00 Truck Sales Jun NA 5.1M 5.2M

Jul 02 08:30 Nonfarm Payrolls Jun -145K -100K 431K

Jul 02 08:30 Unemployment Rate Jun 9.8% 9.8% 9.7%

Jul 02 08:30 Hourly Earnings Jun 0.0% 0.1% 0.3%

Jul 02 08:30 Average Workweek Jun 34.2 34.2 34.2

Jul 02 10:00 Factory Orders May -1.0% -0.7% 1.2%

(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 1063.25

Sept Emini Nasdaq: neg with res at 1819.00

Sept Mini Dow: potential reversal day

Aug Gold: positive with support at 1231.30

Sept Silver: negative with resistance at 18.83

Sept Copper: support 287.00

Sept Yen: positive with support at 112.25

Sept Swiss: positive with support at 92.10

Sept Euro Currency: potential reversal day

Sept Canadian: negative with resistance at 96.10

Sept British Pound: negative with resistance at 151.29

Sept Aussie positive with daily support at 83.37

Aug Crude: negative with resistance at 77.75

Aug Nat Gas: negative with resistance at 4.69

Sept Wheat: negative with resistance at 4.62

Sept Beans: negative with resistance at 9.33

Sept Corn: negative with resistance at 3.39

Sept Ten Year Notes: positive with daily support of 122.06

Sept 30 Year Bonds: positive with support at 126.14

Dec Eurodollar: neg with res at 99.24

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

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.

 

Futures Trading Systems

Managed Futures | Online Futures Trading | Futures Trading Systems | Futures Kits
United Futures Trading | Emini | Futures Broker

 

Futures & Commodity Research & News

Want to contact a licensed broker? Give us a call at 800-840-5617