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Cisco misses and put more pressure on equity values

Top Day Recommendations

8.12.10

As world markets continue to weigh and assay the Federal Reserveís

golden deliberations, Cisco missed last night and that was enough to

continue to pressure equity values. Crude continues to head towards $75 a

barrel.

Nikkei flirting with entering a bear market. Europe attempting to buck the

trend.

Weekly unemployment claims come in at +2K to 484K. Gold takes off as the

anti-currency.

Week of August 09 - August 13

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 10 08:30 Productivity-Prel Q2 0.1% 0.1% 2.8%

Aug 10 08:30 Unit Labor Costs Q2 1.3% 1.4% -1.3%

Aug 10 10:00 Wholesale Inventories Jun 0.0% 0.4% 0.5%

Aug 10 14:15 FOMC Rate Decision Aug 10 0.25% 0.25% 0.25%

Aug 11 08:30 Trade Balance Jun -$43.0B -$42.5B -42.3B

Aug 11 10:30 Crude Inventories 08/07 NA NA -2.78M

Aug 11 14:00 Treasury Budget Jul -$169.0B -$169.0B -$180.7B

Aug 12 08:30 Initial Claims 08/07 465K 465K 479K

Aug 12 08:30 Continuing Claims 07/31 4500K 4550K 4537K

Aug 12 08:30 Export Prices ex-ag. Jul NA NA -0.2%

Aug 12 08:30 Import Prices ex-oil Jul NA NA -0.6%

Aug 13 08:30 CPI Jul 0.1% 0.2% -0.1%

Aug 13 08:30 Core CPI Jul 0.1% 0.1% 0.2%

Aug 13 08:30 Retail Sales Jul 0.5% 0.5% -0.5%

Aug 13 08:30 Retail Sales ex-auto Jul 0.4% 0.2% -0.1%

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 13 09:55 Mich Sentiment Aug 67.0 70.0 67.80

Aug 13 10:00 Business Inventories Jun 0.2% 0.2% 0.1%

(Current views, speculations and suggestions

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

only, not fundamental.

Sept Emini S&P: potential reversal day

Sept Emini Nasdaq: negative with resistance at 1857.00

Sept Mini Dow: potential reversal day

Dec Gold: positive with support at 1192.00

Sept Silver: negative with resistance at 18.23

Sept Copper: negative with resistance at 331.00

Sept Yen: positive with support at 116.47

Sept Swiss: positive with support at 94.09

Sept Euro Currency: negative with resistance at 130.89

Sept Canadian: potential reversal day

Sept British Pound: negative with resistance at 158.10

Sept Aussie negative with resistance at 4.41

Sept Crude: potential reversal day

Sept Nat Gas: negative with resistance at 4.41

Dec Wheat: potential reversal day

Nov Beans: potential reversal day

Dec Corn: positive with support at 4.06

Sept Ten Year Notes: positive with support at 125.07

Sept 30 Year Bonds: positive with support at 130.12

March Eurodollar: positive with support at 99.48

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

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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