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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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Durable Goods come in weaker than expected

                       Top Day Recommendations 

7.27.11

Durable goods came in weaker than expected at -2.1% which took stocks lower. Mortgage apps sluggish. Crude inventories out at 10:30 while the Fed’s Beige book at 2:00. Of course, all of this is overshadowed by the budget impasse which continues to just grind on. Crude oil continues to get pulled around by the vicissitudes of equities.

The sea got tired of me and threw me back on shore so I headed back to work. Question of the day: even though you know you’re holding the wrong key why do you insist on trying it in the lock?

    


Week of July 25 - July 29
 

Date

ET

Release

For

Actual

Briefing.com Forecast

Briefing.com Consensus

Prior

Revised From

Jul 26

09:00

Case-Shiller 20-city Index

May

-4.51%

-4.2%

-4.4%

-4.22%

-3.96%

Jul 26

10:00

Consumer Confidence

Jul

59.5

55.0

56.0

57.6

58.5

Jul 26

10:00

New Home Sales

Jun

312K

300K

320K

315K

319K

Jul 27

07:00

MBA Mortgage Purchase Index

07/23

-5.0%

NA

NA

+15.5%

 

Jul 27

08:30

Durable Orders

Jun

-2.1%

-0.1%

0.5%

1.9%

2.1%

Jul 27

08:30

Durable Orders -ex Transporation

Jun

0.1%

-0.2%

0.5%

0.7%

0.6%

Jul 27

10:30

Crude Inventories

07/23

 

NA

NA

-3.727M

 

Jul 27

14:00

Fed's Beige Book

Jul

 

 

 

 

 

Jul 28

08:30

Initial Claims

07/23

 

440K

415K

418K

 

Jul 28

08:30

Continuing Claims

07/16

 

3700K

3688K

3698K

 

Jul 28

10:00

Pending Home Sales

June

 

-3.5%

-3.0%

8.2%

 

Jul 29

08:30

GDP-Adv.

Q2

 

2.1%

1.7%

1.9%

 

Jul 29

08:30

GDP Deflator

Q2

 

1.8%

2.0%

2.0%

 

Jul 29

08:30

Employment Cost Index

Q2

 

0.5%

0.5%

0.6%

 

Jul 29

09:45

Chicago PMI

Jul

 

56.0

58.0

61.1

 

Jul 29

09:55

Michigan Sentiment - Final

Jul

 

62.5

63.8

63.8

 



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

1271

1305

1316.25

1335.50

1362

1383

Emini Naz

P

2281

2354

2401.00

2435

2465

2530

Yen

P

125.48

126.51

127.40

129.02

128.18

128.82

EC

P

138.22

140.83

143.87

145.56

145.09

146.74

Sep 10 Year

P

122.29

123.19

123.31

124.27

125.03

125.28

Sep 30 Year

P

123.17

124.22

125.01

126.11

127.01

128.07

Sept Soybeans

P

13.45

13.63

13.68

13.86

14.02

14.23

Sept Corn

P

6.42

6.60

6.80

6.95

7.18

7.47

August Gold

P

1567.5

1583.5

1609.4

1628.1

1613.0

1625.0

Sept Silver

P

37.06

38.58

40.14

41.53

41.24

42.38

Sept Copper

P

429.0

434.60

442

451

447.7

455.2

Sept

Crude

P

93.21

96.51

97.78

100.64

101.65

103.49

 

 

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.