Top Day Recommendations
8.31.11
ADP private jobs forecast shows a gain of only 7K in jobs with a downward revision for the previous month. Euro Zone unemployment is at 10% while German unemployment is at 7% thanks largely to government subsidized “short shift” jobs which cost about as much as unemployment benefits but at least result in productivity.
End of the month window dressing and short covering lifted equity indices yesterday. Volatility is about to explode again with Friday’s number being the catalyst.
Chicago area Purchasing Managers report at 9:45.
Week of August 29 - September 02
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Briefing.com |
Prior |
Revised |
|
|
|
|
|
|
|
|
Forecast |
Consensus |
|
From |
|
|
Aug |
08:30 |
Jul |
0.3% |
0.4% |
0.4% |
0.2% |
0.1% |
|
|
|
29 |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Aug |
08:30 |
Jul |
0.8% |
0.5% |
0.5% |
-0.1% |
-0.2% |
|
|
|
29 |
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Aug |
08:30 |
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 |
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 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Date |
ET |
Release |
For |
Actual |
Briefing.com Briefing.com |
Prior |
Revised |
|
|
|
|
|
|
|
|
Forecast |
Consensus |
|
From |
|
|
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 |
Aug |
|
51.0 |
53.0 |
58.8 |
|
|
|
|
31 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Aug |
10:00 |
Jul |
|
2.0% |
1.8% |
-0.8% |
|
|
|
|
31 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Aug |
10:30 |
Crude Inventories |
08/27 |
|
NA |
NA |
- |
|
|
|
31 |
|
2.213M |
|
|
|||||
|
|
|
|
|
|
|
|
|
||
|
Sep |
08:30 |
08/27 |
|
405K |
407K |
417K |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
08/20 |
|
3700K |
3630K |
3641K |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
Q2 |
|
-0.4% |
-0.5% |
-0.3% |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
Q2 |
|
2.3% |
2.4% |
2.2% |
|
|
|
|
01 |
Rev. |
|
|
|
|||||
|
|
|
|
|
|
|
|
|
||
|
Sep |
10:00 |
Aug |
|
47.0 |
48.5 |
50.9 |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
10:00 |
Construction |
Jul |
|
-0.3% |
0.0% |
0.2% |
|
|
|
01 |
Spending |
|
|
|
|||||
|
|
|
|
|
|
|
|
|
||
|
Sep |
15:00 |
Sep |
|
NA |
NA |
3.93M |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
15:00 |
Sep |
|
NA |
NA |
5.56M |
|
|
|
|
01 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
Aug |
|
75K |
73K |
117K |
|
|
|
|
02 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
Aug |
|
100K |
110K |
154K |
|
|
|
|
02 |
Payrolls |
|
|
|
|||||
|
|
|
|
|
|
|
|
|
||
|
Sep |
08:30 |
Aug |
|
9.2% |
9.1% |
9.1% |
|
|
|
|
02 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
Aug |
|
0.2% |
0.2% |
0.4% |
|
|
|
|
02 |
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
Sep |
08:30 |
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.
|
|
********************************************
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.