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NY State manufacturing index come in short and Japan's economy slacking

Top Day Recommendations

8.16.10

Week of August 16 - August 20

NY State Manufacturing Index comes in at 7.1 while consensus was looking for

7.5. Japanís economy grew at such a slow rate last quarter that China took over

2nd place. Japanís economy is being hurt by the strength of the Yen from an

export point of view. Net long term TIC flows (foreign investment in US debt

instruments) comes in at 10:00. 10 year is all the way down to 2.68%

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 16 08:30 NY Fed - Empire Manufacturing

Index

Aug 7.0 7.5 5.08

Aug 16 09:00 Net Long-Term TIC Flows May NA NA $35.4B

Aug 16 10:00 NAHB Housing Market Index Aug 15 14 14

Aug 17 08:30 Housing Starts Jul 550K 555K 549K

Aug 17 08:30 Building Permits Jul 570K 573K 586K

Aug 17 08:30 PPI Jul 0.1% 0.2% -0.5%

Aug 17 08:30 Core PPI Jul 0.1% 0.1% 0.1%

Aug 17 09:15 Industrial Production Jul 0.8% 0.6% 0.1%

Aug 17 09:15 Capacity Utilization Jul 74.8% 74.5% 74.1%

Aug 18 10:30 Crude Inventories 08/14 NA NA -2.99M

Aug 19 08:30 Initial Claims 08/14 470K 475K 484K

Aug 19 08:30 Continuing Claims 08/07 4500K 4500K 4452K

Aug 19 10:00 Leading Indicators Jul 0.1% 0.2% -0.2%

Aug 19 10:00 Philadelphia Fed Aug 8.0 7.5 5.10

(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 1085.50

Sept Emini Nasdaq: negative with resistance at 1833.50

Sept Mini Dow: negative with resistance at 10340

Dec Gold: positive with support at 1212.60

Sept Silver: potential reversal day

Sept Copper: negative with resistance at 331.50

Sept Yen: positive with support at 115.56

Sept Swiss: positive with support at 95.06

Sept Euro Currency: negative with resistance at 128.55

Sept Canadian: positive with support at 95.57

Sept British Pound: negative with resistance at 156.50

Sept Aussie negative with resistance at 89.73

Sept Crude: negative with resistance at 76.40

Sept Nat Gas: negative with resistance at 4.36

Dec Wheat: positive with support at 7.255

Nov Beans: positive with support at 10.23

Dec Corn: positive with support at 4.11

Sept Ten Year Notes: positive with support at 125.11

Sept 30 Year Bonds: positive with support at 131.08

March Eurodollar: positive with support at 99.43

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

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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