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NYSE volume hits the third slowest trading day of the year

Top Day Recommendations

8.31.10

Week of August 30 - September 03

NYSE volume yesterday made for the third slowest trading day of the year.

German unemployment drops by 17K for the 14th consecutive monthly

improvement. The headline number remains 7.6%.

Could be a noisy day with Case Schiller housing report at 9, Chicago Purchasing

Managerís Index then Consumer Confidence to be followed by the minutes of the

last Federal Reserve Open Market Committee meeting at 2 pm.

August lived up (or down) to its expectations as the fourth worst trading month of

the year for equities. September is the worst (reputation only).

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Aug 30 08:30 Personal Income Jul 0.2% 0.2% 0.0%

Aug 30 08:30 Personal Spending Jul 0.2% 0.3% 0.1%

Aug 30 08:30 PCE Prices - Core Jul 0.1% 0.1% 0.0%

Aug 31 09:00 Case-Shiller 20-city Index Jun 3.0% 3.5% 4.61%

Aug 31 09:45 Chicago PMI Aug 58.0 57.5 62.3

Aug 31 10:00 Consumer Confidence Aug 49.5 50.0 50.40

Aug 31 14:00 Minutes of FOMC Meeting 08/10

Sep 01 08:15 ADP Employment Change Aug 0K 13K 42K

Sep 01 10:00 Construction Spending Jul -0.5% -0.7% 0.1%

Sep 01 10:00 ISM Index Aug 53.0 53.0 55.5

Sep 01 10:30 Crude Inventories 08/28 NA NA 4.11M

Sep 01 14:00 Auto Sales Aug NA 3.9M 3.8M

Sep 01 14:00 Truck Sales Aug NA 5.1M 5.14M

Sep 02 08:30 Initial Claims 08/28 475K 475K 473K

Sep 02 08:30 Continuing Claims 08/21 4460K 4435K 4456K

Sep 02 08:30 Productivity-Rev. Q2 -1.4% -1.6% -0.9%

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Sep 02 08:30 Unit Labor Costs Q2 1.1% 1.1% 0.2%

Sep 02 10:00 Factory Orders Jul 0.1% 0.3% -1.2%

Sep 02 10:00 Pending Home Sales Jul -1.0% 0.0% -2.6%

Sep 03 08:30 Nonfarm Payrolls Aug -106K -118K -131K

Sep 03 08:30 Nonfarm Payrolls - Private Aug 10K 42K 71K

Sep 03 08:30 Unemployment Rate Aug 9.6% 9.6% 9.5%

Sep 03 08:30 Hourly Earnings Aug 0.1% 0.1% 0.2%

Sep 03 08:30 Average Workweek Aug 34.2 34.2 34.2

Sep 03 10:00 ISM Services Aug 51.0 53.2 54.3

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 1063.00

Sept Emini Nasdaq: negative with resistance at 1796.00

Sept Mini Dow: negative with resistance at 10135

Dec Gold: positive with support at 1233.00

Dec Silver: positive with support at 18.86

Dec Copper: negative with resistance at 346.00

Sept Yen: positive with support at 116.88

Sept Swiss: positive with support at 97.08

Sept Euro Currency: positive with support at 126.28

Sept Canadian: positive with support at 93.98

Sept British Pound: negative with resistance at 155.44

Sept Aussie: positive with support at 88.77

Oct Crude: positive with support at 73.40

Oct Nat Gas: negative with resistance at 3.89

Dec Wheat: positive with support at 6.92

Nov Beans: negative with resistance at 10.30

Dec Corn: positive with daily support of 4.34

Sept Ten Year Notes: positive with support at 125.08

Sept 30 Year Bonds: positive with support at 133.31

March Eurodollar: positive with support at 99.51

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

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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