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Equities fall on the unemployment news.  Down 131k due to cuts in government sector

Top Day Recommendations

8.06.10

The dreaded unemployment report comes in at -131 due to cuts in government

sector but private payrolls up with the headline at 9.5% unemployment. Equities

fall initially with rates driven to record lows. Yen flies on this. There are bright

spots with manufacturing doing better. Underemployment rate at 16.8% exactly

where it was last year ATT.

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 02 10:00 Construction Spending Jun -0.4% -0.8% -0.2%

Aug 02 10:00 ISM Index Jul 53.0 54.2 56.2

Aug 03 08:30 Personal Income Jun 0.1% 0.1% 0.4%

Aug 03 08:30 Personal Spending Jun -0.1% 0.0% 0.2%

Aug 03 08:30 PCE Prices - Core Jun 0.1% 0.1% 0.2%

Aug 03 10:00 Factory Orders Jun -1.0% -0.5% -1.4%

Aug 03 10:00 Pending Home Sales Jun -5.0% -5.0% -30.0%

Aug 03 14:00 Auto Sales Jul NA 4.0M 3.70M

Aug 03 14:00 Truck Sales Jul NA 5.0M 4.8M

Aug 04 08:15 ADP Employment Change Jul 25K 25K 13K

Aug 04 10:00 ISM Services Jul 52.0 53.0 53.8

Aug 04 10:30 Crude Inventories 07/31 NA NA 7.31M

Aug 05 08:30 Continuing Claims 07/24 4500K 4530K 4565K

Aug 05 08:30 Initial Claims 07/31 460K 455K 457K

Aug 06 08:30 Nonfarm Payrolls Jul -100K -87K -125K

Aug 06 08:30 Nonfarm Payrolls - Private Jul 70K 82.5K 83K

Aug 06 08:30 Unemployment Rate Jul 9.6% 9.6% 9.5%

Aug 06 08:30 Hourly Earnings Jul 0.0% 0.1% -0.1%

Aug 06 08:30 Average Workweek Jul 34.1 34.1 34.1

Aug 06 15:00 Consumer Credit Jun -5.0B -5.7B -9.10B

(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 1116.75

Sept Emini Nasdaq: negative with resistance at 1912.00

Sept Mini Dow: positive with support at 105.81

Dec Gold: positive with support at 1187.20

Sept Silver: positive with support at 18.17

Sept Copper: positive with support at 331.45

Sept Yen: positive with support at 115.89

Sept Swiss: positive with support at 94.87

Sept Euro Currency: positive with support at 131.17

Sept Canadian: positive with support at 97.95

Sept British Pound: potential reversal day

Sept Aussie positive with support at 90.77

Sept Crude: positive with support at 81.55

Sept Nat Gas: positive with support at 4.49

Dec Wheat: positive with support at 7.74

Nov Beans: positive with support at 10.10

Dec Corn: positive with support at 4.055

Sept Ten Year Notes: positive with support at 123.08

Sept 30 Year Bonds: positive with support at 127.26

March Eurodollar: positive with support at 99.42

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

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.

 

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