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GDP up 1.6, better than expected

8.27.10

This Week's Calendar

GDP up 1.6% and this was better than expected and sent bonds down to daily

support levels which should probably hold. Next up is Fed Chairman Bernanke.

He will give a speech at 10 but thereís no direct, live feed so his prepared remarks

will be instantly analyzed on their release.

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 24 10:00 Existing Home Sales Jul 4.60M 4.75M 5.37M

Aug 25 08:30 Durable Orders Jul 2.5% 3.1% -1.2%

Aug 25 08:30 Durable Goods -ex

Transportation

Jul 0.5% 0.5% -0.9%

Aug 25 10:00 New Home Sales Jul 300K 330K 330K

Aug 25 10:30 Crude Inventories 08/21 NA NA -0.818M

Aug 26 08:30 Initial Claims 08/21 475K 485K 500K

Aug 26 08:30 Continuing Claims 08/14 4500K 4515K 4478K

Aug 27 08:30 GDP - Second Estimate Q2 1.3% 1.4% 2.4%

Aug 27 08:30 GDP Deflator - Second

Estimate

Q2 1.8% 1.8% 1.8%

Aug 27 09:55 U Michigan Consumer

Sentiment - Final

August 69.6 69.4 69.6

(Current views, speculations and suggestions

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

only, not fundamentally biased.

Sept Emini S&P: negative with resistance at 1056.00

Sept Emini Nasdaq: negative with resistance at 1791.00

Sept Mini Dow: negative with resistance at 10006

Dec Gold: positive with support at 1233.20

Dec Silver: positive with support at 18.78

Dec Copper: negative with resistance at 336.00

Sept Yen: positive with support at 117.57

Sept Swiss: positive with support at 97.07

Sept Euro Currency: positive with support at 126.46

Sept Canadian: potential reversal day

Sept British Pound: potential reversal day

Sept Aussie: potential reversal day

Oct Crude: potential reversal day

Oct Nat Gas: negative with resistance at 3.925

Dec Wheat: negative with resistance at 705

Nov Beans: negative with resistance at 10.20

Dec Corn: positive but below daily support of 4.23

Sept Ten Year Notes: positive with support at 125.30

Sept 30 Year Bonds: positive with support at 135.10

March Eurodollar: positive with support at 99.47

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

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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