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Equities are higher after an abysmal June

Top Day Recommendations

7.06.10

Back to a post holiday Tuesday that will feel like a Monday.

Swinging into action today, equities are higher after an

abysmal June and 12 consecutive days of distribution in the

NASDAQ. Bond yields are suggesting a 12% chance of a

double dip recession, according to some observers.

Institute of Supply Management out at 10, measuring the

service sector.

Will budget cutting and austerity measures succeed or is the

way out of this economic morass more stimulus? That seems to

be the current lines of debate.

The Queen will be visiting lower Manhattan today including

Ground Zero and Hanover Square.

Week of July 05 - July 09

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Jul 06 10:00 ISM Services Jun 55.4 55.0 55.4

Jul 07 10:30 Crude Inventories 07/03 NA NA -2.01M

Jul 08 08:30 Continuing Claims 06/26 4600K 4600K 4616K

Jul 08 08:30 Initial Claims 07/03 465K 460K 472K

Jul 08 15:00 Consumer Credit May -$2.5B NA -$3.0B $1.0B

Jul 09 10:00 Wholesale Inventories May 0.3% 0.4% 0.4%

(Current views, speculations and suggestions

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

only, not fundamental.

Sept Emini S&P: negative but above resistance at 1021.00

Sept Emini Nasdaq: neg but above daily resistance of 1733.00

Sept Mini Dow: negative but above daily resistance at 9666

Aug Gold: positive with support at 1201.30

Sept Silver: negative with resistance at 18.01

Sept Copper: support 289.90 and above daily resistance at

299.00

Sept Yen: potential reversal day

Sept Swiss: potential reversal day

Sept Euro Currency: positive with support at 124.80

Sept Canadian: negative with resistance at 94.84

Sept British Pound: negative with resistance at 152.46

Sept Aussie negative but above daily resistance at 83.72

Aug Crude: negative with resistance at 73.29

Aug Nat Gas: negative with resistance at 4.91

Sept Wheat: positive with support at 4.96

Sept Beans: negative with resistance at 9.26

Sept Corn: positive with support at 3.70

Sept Ten Year Notes: negative daily resistance at 123.00

Sept 30 Year Bonds: positive with support at 126.19

Dec Eurodollar: positive with support at 99.25

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

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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