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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Release of FOMC minutes today

                               Top Day Recommendations

8.30.11

 

Back from vacation and waltzing with Irene. Big deal of the day should be the release of the FOMC minutes at 2:00 pm. Hard to believe that the end of the week will bring September with it and the start of college football. Weak Euro Zone confidence numbers pressures the EC overnight. It should take a day or two to get back into the rhythm and lose the rust.

 

 

 

Week of August 29 - September 02

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Aug

08:30

 Personal Income

Jul

0.3%

0.4%

0.4%

0.2%

0.1%

 

29

 

 

 

 

 

 

 

 

 

 

Aug

08:30

 Personal Spending

Jul

0.8%

0.5%

0.5%

-0.1%

-0.2%

 

29

 

 

 

 

 

 

 

 

 

 

Aug

08:30

 PCE Prices - Core

Jul

0.2%

0.2%

0.2%

0.2%

0.1%

 

29

 

 

 

 

 

 

 

 

 

 

Aug

10:00

Pending Home Sales

Jun

-1.3%

-1.0%

-1.4%

2.4%

 

 

29

 

 

 

 

 

 

 

 

 

 

 

Aug

09:00

Case-Shiller 20-city

Jun

 

-5.0%

-4.7%

-4.51%

 

 

30

Index

 

 

 

 

 

 

 

 

 

 

 

Aug

10:00

 Consumer Confidence

Aug

 

50.0

52.0

59.5

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

Aug

14:00

FOMC Minutes

Aug. 9

 

 

 

 

 

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aug

07:00

MBA Mortgage Index

08/27

 

NA

NA

-2.4%

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

Aug

07:30

Challenger Job Cuts

Aug

 

NA

NA

59.4%

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

Aug

08:15

ADP Employment

Aug

 

100K

100K

114K

 

 

31

Change

 

 

 

 

 

 

 

 

 

 

 

Aug

09:45

 Chicago PMI

Aug

 

51.0

53.0

58.8

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 


 

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Aug

10:00

 Factory Orders

Jul

 

2.0%

1.8%

-0.8%

 

 

31

 

 

 

 

 

 

 

 

 

 

 

 

Aug

10:30

Crude Inventories

08/27

 

NA

NA

-

 

 

31

 

2.213M

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Initial Claims

08/27

 

405K

407K

417K

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Continuing Claims

08/20

 

3700K

3630K

3641K

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Productivity-Rev.

Q2

 

-0.4%

-0.5%

-0.3%

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Unit Labor Costs -

Q2

 

2.3%

2.4%

2.2%

 

 

01

 Rev.

 

 

 

 

 

 

 

 

 

 

 

Sep

10:00

 ISM Index

Aug

 

47.0

48.5

50.9

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

10:00

Construction

Jul

 

-0.3%

0.0%

0.2%

 

 

01

Spending

 

 

 

 

 

 

 

 

 

 

 

Sep

15:00

 Auto Sales

Sep

 

NA

NA

3.93M

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

15:00

 Truck Sales

Sep

 

NA

NA

5.56M

 

 

01

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Nonfarm Payrolls

Aug

 

75K

73K

117K

 

 

02

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Nonfarm Private

Aug

 

100K

110K

154K

 

 

02

Payrolls

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Unemployment Rate

Aug

 

9.2%

9.1%

9.1%

 

 

02

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Hourly Earnings

Aug

 

0.2%

0.2%

0.4%

 

 

02

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Average Workweek

Aug

 

34.3

34.3

34.3

 

 

02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend

P is Positive

N is Negative

 

PRD is Potential Reversal Day

 

S2 is strong support

 

S1 is good support

 

DS is Daily Support

 

DR is Daily Resistance

 

R1 is Good Resistance

 

R2 is Strong Resistance

 

Levels are for the most active futures contract

 

Daily Support and Resistance

 

Trend             S2                S1                DS                DR                 R1

R2

Sept Emini

P

1081.30

1128.

1184

1220

1200.00

1235.75

 

 

 

 

 

 

 

 

S+P

 

 

50

 

 

 

 

 

 

 

 

 

 

 

 

 

Emini Naz

P

1971

2067

2177

2244

2214

2265

 

 

 

 

 

 

 

 

Yen

P

127.87

129.1

129.73

130.50

131.24

132.07

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

EC

P

142.56

143.6

144.15

145.50

145.46

146.12

 

 

 

 

 

 

 

 

 

 

 

8

 

 

 

 

 

Sep 10 Year

N

128.16

129.1

129.10

130.21

131.02

131.28

 

 

 

 

 

 

 

 

 

 

 

2

 

 

 

 

 

Sep 30 Year

N

133.20

135.2

136.01

138.30

140.19

143.02

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

P

13.51

13.87

14.28

14.56

14.42

14.61

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

 

 

 

 

Dec Corn

P

7.105

7.387

7.57

7.77

7.81

7.965

 

 

 

 

 

 

 

 

Dec Gold

P

1605.00

1718.

1766

1867

1931.20

2030.80

 

 

70

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec Silver

N

36.14

38.96

40.00

42.40

44.44

47.11

 

 

 

 

 

 

 

 

Dec Copper

N

387.50

399.3

408

416.00

417.80

424.50

 

 

 

 

 

 

 

 

 

 

 

0

 

 

 

 

 

Oct

P

79.03

82.29

85.71

88.22

87.70

89.85

 

 

 

 

 

 

 

 

Crude

 

 

 

 

 

 

 

 

 

 

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%.

 

Repeat: use Stops. Don’t think about using Stops.

 

Use Stops. Some find it appropriate to look at the margin requirement and use that as a Stop or if it’s 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.