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You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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The Dollar soars due to several factors

                   Top Day Recommendations

7.12.011

The dollar soared, for a while, overnight but walking into the office those gains were tempered by a couple of factors. There’s been a call for a special summit on the Euro zone debt crisis for Friday. Also, this is earnings week and Fastinal, a major materials supplier that does global business reported better than expected earnings. As for a negative note, the Chinese money supply expanded at a greater than expected rate so maybe their last hike isn’t their last as some had speculated.

 
Balance of trade comes in worse than expected but this doesn’t damage the S+P. BOT does mean the US is exporting.  
 
Overnight, there were a few more examples of flight from fear trades, specifically the EC/SF cross as pictured below. 
 
 
 
 
And as rates plunge on fear buying, the NOB (notes against bonds) moves impressively. 
 
 
      
   

Week of July 11 - July 15
 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jul 12

08:30

Trade Balance

May

 

-$44.0B

-$44.0B

-$43.7B

 

Jul 13

07:00

MBA Mortgage Index

07/09

 

NA

NA

-5.2%

 

Jul 13

08:30

Export Prices ex-ag.

Jun

 

NA

NA

0.5%

 

Jul 13

08:30

Import Prices ex-oil

Jun

 

NA

NA

0.4%

 

Jul 13

10:30

Crude Inventories

07/09

 

NA

NA

-0.889M

 

Jul 13

14:00

Treasury Budget

Jun

 

-$45.0B

-$45.0B

-$68.4B

 

Jul 13

14:00

FOMC Minutes

Jun 22

 

 

 

 

 

Jul 14

08:30

Initial Claims

07/09

 

425K

418K

418K

 

Jul 14

08:30

Continuing Claims

07/02

 

3700K

3700K

3681K

 

Jul 14

08:30

Retail Sales

Jun

 

-0.3%

-0.2%

-0.2%

 

Jul 14

08:30

Retail Sales ex-auto

Jun

 

-0.1%

0.0%

0.3%

 

Jul 14

08:30

PPI

Jun

 

-0.2%

-0.2%

0.2%

 

Jul 14

08:30

Core PPI

Jun

 

0.2%

0.2%

0.2%

 

Jul 14

10:00

Business Inventories

May

 

0.9%

0.9%

0.8%

 

Jul 15

08:30

CPI

Jun

 

-0.1%

-0.1%

0.2%

 

Jul 15

08:30

Core CPI

Jun

 

0.2%

0.2%

0.3%

 

Jul 15

08:30

Empire Manufacturing

Jul

 

0.0

1.0

-7.8

 

Jul 15

09:15

Industrial Production

Jun

 

0.3%

0.2%

0.1%

 

Jul 15

09:15

Capacity Utilization

Jun

 

77.0%

76.8%

76.7%

 

Jul 15

09:55

Mich Sentiment

Jul

 

70.0

71.4

71.5

 



Read more: http://www.briefing.com/investor/calendars/economic/2011/07/11-15/#ixzz1RnVyAEfK


 -

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend 

P is Positive 

N is Negative 

PRD is Potential Reversal Day 

S2 is strong support 

S1 is good support 

DS is Daily Support  

DR is Daily Resistance 

R1 is Good Resistance 

R2 is Strong Resistance

Levels are for the most active futures contract

 

                        Daily Support and Resistance

             Trend            S2                S1                DS                DR                 R1                 R2

 

Sept Emini S+P

PRD (D)

1313

1324

1295.5

1334

1355

1368

Emini Naz

PRD (D)

2323

2366

2344

2397

2436

2464

Yen

PRD (U)

121.74

122.91

124.09

125.23

124.18

125.45

EC

PRD (D)

139.41

140.37

139.02

141.44

144.48

146.83

Sep 10 Year

PRD (U)

121.08

122.15

13.29

124.28

124.13

125.05

Sep 30 Year

PRD (U)

121.28

123.13

125.03

126.26

125.22

126.18

Sept Soybeans

P

12.88

13.16

13.25

13.51

13.60

13.76

Sept Corn

N

6.02

6.22

6.26

6.48

6.54

6.66

August Gold

P

1465.80

1505.2

1541.6

1557.1

1565

1585

Sept Silver

P

32.69

34.68

35.17

36.58

37.78

39.98

Sept Copper

PRD (D)

421

431

432.90

441.30

448

455

Aug Crude

PRD (D)

91.66

94.68

93.93

96.54

99.15

101.82

 

 

N.B.: if you initiate a trade using ANY of these

numbers use a STOP at least equivalent to 2 ½%.

Repeat: use Stops. Don’t think about using Stops.

Use Stops. Some find it appropriate to look at the

margin requirement and use that as a Stop or if

it’s 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.