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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 higher on Moody's downgrades of Ireland

Top Day Recommendations

7.13.011

Moody’s downgrades Ireland last night and this took the dollar higher but this in turn was offset by China’s growth rate which comes in higher than expected. Of course, China remains the world’s best customer and this stopped the EC from incurring further damage and lifted US equities. With continuing growth and an expanding money supply, China is not finished raising rates.

The Fed Chairman speaks at 10, usually not an inspiring event. There will be a rush of price changes at 10 as the speed readers digest his pre-released speech. Crude inventories out at 10:30. Gold had an interesting 5 dollar spike at 7:30 am on higher than expected UK jobless claims. Stock rallies will be faded.

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%
Date ET Release For Actual Briefing.com Forecast Briefing.com Consensus Prior Revised From
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 N 1313 1324 1296.25 1324.25 1355 1368
Emini Naz N 2323 2366 2327 2383 2436 2464
Yen P 121.74 122.91 124.85 126.77 124.18 125.45
EC N 139.41 140.37 138.61 140.87 144.48 146.83
Sep 10 Year P 121.08 122.15 123.24 125.06 124.13 125.05
Sep 30 Year P 121.28 123.13 125.26 127.09 125.22 126.18
Sept Soybeans P 12.88 13.16 13.37 13.67 13.60 13.76
Sept Corn N 6.02 6.22 6.35 6.81 6.54 6.66
August Gold P 1465.80 1505.2 1544 1577 1565 1585
Sept Silver P 32.69 34.68 34.81 37.27 37.78 39.98
Sept Copper P 421 431 433.50 442.85 448 455
Aug Crude P 91.66 94.68 94.30 98.25 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.