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Yen up on risk avoidance, market showing erratic performance

Top Day Recommendations

7.07.10

A downgrade in earnings and higher yields on Spanish bonds

has pressured the equities market and the EC overnight. Yen

up on risk avoidance. ISM services index was disappointing

yesterday but had little immediate effect. Instead, the market

rallied, then fall all the way back to unchanged to then close

higher on the day in an erratic performance, at best. Oil

mirrored this performance. Bonds continue to move up in

price, down in yield with 130 being a target for the 30 year.

European markets down from .55 to down .87%. The Lebron

James watch may be mercifully over Thursday night. Of

course, the real sports story is Germany/Spain.

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 with resistance at 1041.00

Sept Emini Nasdaq: negative with resistance at 1762.00

Sept Mini Dow: negative with resistance at 9816

Aug Gold: positive with support at 1185.00

Sept Silver: negative with resistance at 18.05

Sept Copper: support 291.00

Sept Yen: positive with support at 113.96

Sept Swiss: positive with support at 93.97

Sept Euro Currency: positive with support at 125.10

Sept Canadian: negative with resistance at 95.46

Sept British Pound: negative with resistance at 152.20

Sept Aussie negative with resistance at 85.30

Aug Crude: negative with resistance at 73.50

Aug Nat Gas: negative with resistance at 4.83

Sept Wheat: positive with support at 4.96

Sept Beans: positive with support at 9.05

Sept Corn: positive with support at 3.63

Sept Ten Year Notes: potential reversal day

Sept 30 Year Bonds: positive with support at 127.10

Dec Eurodollar: positive with support at 99.27

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

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.

Please feel free to visit www.futureswithvision.com for those

without accts use 999999 and 2217 as a pin for access. (pin

changes monthly)

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

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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