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Phone: 312.920.0212
Fax: 855.994.4111


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9247 Broadway
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Merrillville, IN 46410

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More money flows into gold

Top Day Recommendations

7.18.11

Just long term TIC flows today, foreign investment in US debt instruments. Stress tests for European banks were taken with a grain of salt, maybe even a box of Morton’s as they just weren’t that stressful. Consequently, as the tests were able to be closely read over the weekend, there was a movement out of the EC, out of equities and more money flows to gold. Spreads between EC and Greek debt have blown out to record levels. The US debt ceiling impasse continues to linger with no resolve in site. It’s officially a high volatility summer.

Week of July 18 - July 22

Date ET Release For Actual Briefing.com Forecast Briefing.com Consensus Prior Revised From
Jul 18 09:00 Net Long-Term TIC Flows May NA NA $30.6B
Jul 18 10:00 NAHB Housing Market Index Jul 14 14 13
Jul 19 08:30 Housing Starts Jun 570K 570K 560K
Jul 19 08:30 Building Permits Jun 600K 609K 609K 612K
Jul 20 07:00 MBA Mortgage Purchase Index 07/16 NA NA -5.1%
Jul 20 10:00 Existing Home Sales Jun 4.90M 4.93M 4.81M
Jul 20 10:30 Crude Inventories 07/16 NA NA -3.124M
Jul 21 08:30 Initial Claims 07/16 390K 411K 405K
Jul 21 08:30 Continuing Claims 07/9 3700K 3700K 3727K
Jul 21 10:00 Philadelphia Fed Jul 0.0 0.0 -7.70
Jul 21 10:00 Leading Indicators Jun 0.3% 0.3% 0.8%
Jul 21 10:00 FHFA Housing Price Index May NA NA 0.8%

Read more: http://www.briefing.com/investor/calendars/economic/2011/07/18-22/#ixzz1SDKegZlf

- 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 1272 1293 1295 1320 1337 1361
Emini Naz N 2268 2395 2321 2365 2401 2447
Yen P 122.21 124.37 126.27 126.83 128.09 129.65
EC N 136.14 138.61 14.07 141.65 143.05 145.05
Sep 10 Year P 122.27 123.27 124.13 125.10 125.19 126.12
Sep 30 Year P 123.05 124.19 125.12 126.26 127.15 128.29
Sept Soybeans P 13.08 13.45 13.64 13.93 14.07 14.31
Sept Corn P 5.91 6.46 6.75 7.12 7.33 7.65
August Gold P 1523 1558 1579 1605 1612 1630
Sept Silver P 33.24 36.26 38.19 40.20 40.43 42.41
Sept Copper P 426 434 436 444 446 451
Aug Crude P 91.09 94.29 95.72 98.25 99.95 102.41

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.