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IBM disappoints after the close and Goldman's earnings less than expected

Top Day Recommendations

7.20.10

IBM disappointed after the close. Goldmanís earnings came in

less than expected.

Housing starts in June come in lower than expected with

building permits higher than expected. Almost a wash.

The tone of the market continues to be soft, without conviction.

Uncertainty prevails. Maybe itís the weather? Astrological

considerations?

Week of July 19 - July 23

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Jul 19 10:00 National Homebuilders

Association Index

July NA NA 17

Jul 20 08:30 Building Permits Jun 560K 575K 574K

Jul 20 08:30 Housing Starts Jun 570K 570K 593K

Jul 21 10:30 Crude Inventories 07/17 NA NA -5.06M

Jul 22 08:30 Initial Claims 07/17 440K 445K 429K

Jul 22 08:30 Continuing Claims 07/10 4600K 4600K 4681K

Jul 22 10:00 Existing Home Sales Jun 5.40M 5.04M 5.66M

Jul 22 10:00 Leading Indicators Jun -0.4% -0.4% NA

(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 1070

Sept Emini Nasdaq: negative with resistance at 1823.00

Sept Mini Dow: negative with resistance at 10123

Aug Gold: potential reversal day

Sept Silver: potential reversal day

Sept Copper: negative with resistance at 298.00

Sept Yen: positive with support at 114.81

Sept Swiss: potential reversal day

Sept Euro Currency: positive with support at 128.18

Sept Canadian: negative with resistance at 95.50

Sept British Pound: potential reversal day

Sept Aussie negative with resistance at 87.12

Sept Crude: negative with resistance at 78.00

Sept Nat Gas: negative with resistance at 4.55

Sept Wheat: potential reversal day

Sept Beans: potential reversal day

Sept Corn: positive with support at 3.69

Sept Ten Year Notes: positive with support at 122.26

Sept 30 Year Bonds: positive with support at 127.06

March Eurodollar: positive with support at 99.36

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

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.

There is no failure, only feedback.

 

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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