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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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European markets down big

Top Day Recommendations

9.12.11

 

Continuing fears of a Greek default continues to weigh down the markets overnight. Added to this comes news of an explosion in a French nuclear reactor (just what the Euro Zone needs at this difficult time), First reports state that there isn’t a radiation leak from this event.

No eco releases today.

European finance ministers met over the weekend and apparently didn’t spend that much time on Greece. Consequently, European markets are getting hit this morning with the FTSE -2.48%, CZC – 4.8% and the Dax -3.3%.

 

Week of September 12 - September 1

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Sep

08:30

 Export Prices ex-ag.

Aug

 

NA

NA

0.5%

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Import Prices ex-oil

Aug

 

NA

NA

0.4%

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

Sep

14:00

 Treasury Budget

Aug

 

-$132.0B

-$132.0B

-

 

 

13

 

$90.5B

 

 

 

 

 

 

 

 

 

 

Sep

07:00

MBA Mortgage Index

09/10

 

NA

NA

-4.9%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

PPI

Aug

 

-0.1%

0.0%

0.2%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Core PPI

Aug

 

0.2%

0.2%

0.4%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Retail Sales

Aug

 

-0.5%

0.2%

0.5%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Retail Sales ex-auto

Aug

 

-0.2%

0.3%

0.5%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

10:00

 Business Inventories

Jul

 

0.4%

0.5%

0.3%

 

 

14

 

 

 

 

 

 

 

 

 

 

 

 

Sep

10:30

Crude Inventories

09/10

 

NA

NA

-

 

 

14

 

3.963M

 

 

 

 

 

 

 

 

 

 


 

 

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Sep

08:30

 Initial Claims

09/10

 

410K

410K

414K

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Continuing Claims

09/03

 

3700K

3700K

3717K

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

CPI

Aug

 

0.2%

0.2%

0.5%

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

 Core CPI

Aug

 

0.2%

0.2%

0.2%

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

Empire Manufacturing

Sep

 

-5.0

-4.0

-7.7

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

08:30

Current Account

Q2

 

-$121.0B

-$121.5B

-$119.3

 

 

15

Balance

 

 

 

 

 

 

 

 

 

 

 

Sep

09:15

 Industrial Production

Aug

 

-0.2%

0.0%

0.9%

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

09:15

 Capacity Utilization

Aug

 

77.0%

77.4%

77.5%

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

10:00

 Philadelphia Fed

Sep

 

-15.0

-10.0

-30.7

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

Sep

09:00

Net Long-Term TIC

Jul

 

NA

NA

$3.7B

 

 

16

Flows

 

 

 

 

 

 

 

 

 

 

 

Sep

09:55

 Mich Sentiment

Sep

 

53.0

56.3

55.7

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

N

1098.2

1134

1119

1187

1195

1233.50

 

5

 

 

 

 

 

 

S+P

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Emini Naz

PRD

2038

2103.50

2105

2214

2293.25

2309.50

 

 

 

 

 

 

 

 

 

(N)

 

 

 

 

 

 

 

Yen

P

127.34

128.22

128.45

130.38

130.19

131.28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EC

N

131.97

134.27

134.29

138.53

140.85

145.13

 

 

 

 

 

 

 

 

Dec 10

PRD

129.07

130.02

130.09

131.08

131.12

131.27

 

 

 

 

 

 

 

 

Year

(U)

 

 

 

 

 

 

 

Dec 30

P

138.04

139.23

140.01

142.03

142.13

143.16

 

 

 

 

 

 

 

 

Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

N

13.96

14.11

14.165

14.32

14.38

14.49

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

 

 

 

 

Dec Corn

P

7.09

7.22

7.25

7.41

7.57

7.78

 

 

 

 

 

 

 

 

Dec Gold

P

1729

1795

1826.9

1890

1925

1989

 

 

 

 

 

 

 

 

Dec Silver

N

38.69

40.06

40.28

42.53

43.12

44.81

 

 

 

 

 

 

 

 

Dec

N

388

394.50

389

409

411.00

421.80

 

 

 

 

 

 

 

 

Copper

 

 

 

 

 

 

 

 

Oct

N

79.60

83.30

83.60

89.28

90.59

94.17

 

 

 

 

 

 

 

 

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.