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Gold and Currency markets influenced by a rise in the price of Irish credit default

Top Day Recommendations

9.28.10

Week of September 27 - October 01

A rise in the price of Irish credit default swaps influenced both the gold and

currency markets overnight. The EC had a range of over 200 points and gold

spiked lower. The Case Shiller 20 city index will give anecdotal information about

the state of housing while consumer confidence is expected to have declined.

Players looking for a decisive move through 1300 in gold are getting frustrated

and that frustration is leading to liquidation and that liquidation is leading to the

possible creation of a complex top. While Los Angeles register temperatures in

the triple digits yesterday NY continues to get buffeted by rain. The grass is

always greener.

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Sep 28 09:00 Case-Shiller 20-city Index Jul 3.1% 3.4% 4.23%

Sep 28 10:00 Consumer Confidence Sep 54.0 52.9 53.5

Sep 29 10:30 Crude Inventories 09/25 NA NA 0.970M

Sep 30 08:30 GDP - Third Estimate Q2 1.6% 1.6% 1.6%

Sep 30 08:30 GDP - Deflator Q2 1.9% 1.9% 1.9%

Sep 30 08:30 Initial Claims 09/25 450K 457K 465K

Sep 30 08:30 Continuing Claims 09/18 4450K 4450K 4489K

Sep 30 09:45 Chicago PMI Sep 55.0 56.0 56.7

Oct 01 08:30 Personal Income Aug 0.3% 0.3% 0.2%

Oct 01 08:30 Personal Spending Aug 0.3% 0.3% 0.4%

Oct 01 08:30 PCE Prices - Core Aug 0.1% 0.1% 0.1%

Oct 01 09:55 U Michigan Consumer

Sentiment - Final

Sep 67.0 67.1 66.6

Oct 01 10:00 Construction Spending Aug -0.7% -0.5% -1.0%

Oct 01 10:00 ISM Index Sep 55.0 54.5 56.3

Oct 01 14:00 Auto Sales Sep NA 3.8M 3.7M

Oct 01 14:00 Truck Sales Sep NA 4.9M 4.96M

in Current views, speculations and suggestions

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

only, not fundamentally biased.

Dec Emini S&P: negative with resistance at 1154.00

Dec Emini Nasdaq: positive with support at 1991.50

Dec Mini Dow: positive with support at 10667

Dec Gold: positive with support at 1286.00

Dec Silver: positive with support at 20.97

Dec Copper: positive with support at 354.00

Dec Yen: positive with support at 118.38

Dec Swiss: positive with support at 101.09

Dec Euro Currency: positive with support at 133.83

Dec Canadian: positive with support at 96.56

Dec British Pound: positive with support at 157.46

Dec Aussie: positive with support at 94.55

Nov Crude: negative with resistance at 77.25

Nov Nat Gas: positive with support at 382

Dec Wheat: negative with resistance at 7.24

Nov Beans: positive with support at 11.10

Dec Corn: positive with support at 5.005

Dec Ten Year Notes: positive with support at 124.295

Dec 30 Year Bonds: positive with support at 131.07

March Eurodollar: positive with support at 99.55

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

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

HYPOTHETICAL 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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