Navigation

OPEN ACCOUNT NOW ONLINE!
Home
Managed Futures
Online Futures Trading
Futures Trading Systems
Free $45 Investor Kit

Quotes and Charts

Single Stock Futures

Emini
S&P, Nasdaq, Dow

Free Futures Kits
Futures Education Center
Research
Rates
 
   

Consumer confidence helps trigger rally in gold and oil futures

Top Day Recommendations

7.28.10

Durable Goods orders come in at 0.6%.

Yesterday, consumer confidence helped to trigger a rout in

gold and oil. In gold, it was a potential reversal day to begin

with and fundamentally it was an exit of hedge buyers against

a Euro meltdown. We still remain in a post bubble

deleveraging period characterized by slow growth, low rates,

high unemployment with a technical inverted head and

shoulders formation.

Week of July 26 - July 30

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Jul 26 10:00 New Home Sales Jun 295K 310K 300K

Jul 27 09:00 Case-Shiller 20-city Index May 4.0% 4.0% 3.81%

Jul 27 10:00 Consumer Confidence Jul 51.0 51.0 52.9

Jul 28 08:30 Durable Orders Jun 1.0% 1.0% -0.6%

Jul 28 08:30 Durable Orders ex Transporation Jun 0.5% 0.5% 1.6%

Jul 28 10:30 Crude Inventories 07/24 NA NA 0.360M

Jul 28 14:00 Fed's Beige Book Jul

Jul 29 08:30 Initial Claims 07/24 450K 464K 464K

Jul 29 08:30 Continuing Claims 07/17 4550K 4550K 4487K

Jul 30 08:30 GDP-Adv. Q2 3.0% 2.5% 2.7%

Jul 30 08:30 Chain Deflator-Adv. Q2 0.7% 1.1% 1.1%

Jul 30 08:30 Employment Cost Index Q2 0.5% 0.5% 0.6%

Jul 30 09:45 Chicago PMI Jul 58.5 56.5 59.1

Jul 30 09:55 U Michigan Sentiment - Final Jul 67.5 67.5 66.

(Current views, speculations and suggestions

good till close of business today). These are technical in nature

only, not fundamental.

Sept Emini S&P: positive with support at 1105.00

Sept Emini Nasdaq: positive with support at 1876.00

Sept Mini Dow: positive with support at 104.42

Aug Gold: negative with resistance at 1177.00

Sept Silver: positive with support at 17.39

Sept Copper: positive with support at 317.00

Sept Yen: positive with support at 113.30

Sept Swiss: positive with support at 93.80

Sept Euro Currency: positive with support at 129.43

Sept Canadian: positive with support at 95.85

Sept British Pound: positive with support at 154.82

Sept Aussie positive but below support at 89.06 at 1:31 am

Sept Crude: negative with resistance at 79.19

Sept Nat Gas: potential reversal day

Sept Wheat: positive with support at 6.15

Sept Beans: potential reversal day

Sept Corn: negative with resistance at 3.81

Sept Ten Year Notes: positive with support at 122.02

Sept 30 Year Bonds: positive with support at 125.30

March Eurodollar: positive with support at 99.37

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

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.

 

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.

 

Futures Trading Systems

Managed Futures | Online Futures Trading | Futures Trading Systems | Futures Kits
United Futures Trading | Emini | Futures Broker

 

Futures & Commodity Research & News

Want to contact a licensed broker? Give us a call at 800-840-5617