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Top Day Recommendations

Bernanke gives more hints of possible treasury buy backs

10.05.10

Week of October 04 - October 08

Institute for Supply Management number should be a market mover at 10.

European stocks were better today, breaking a string of losses. Moodyís says that

itís impressed with Greek debt restructuring. Bernanke gives more hints of

possible treasury buy backs yesterday. US stocks are drafting the European push.

Eurozone retail sales come in with a big miss, down 0.4%5 versus an expectation

of 2.2%. Stock rally should find head winds after the 9:30 opening

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Oct 04 10:00 Factory Orders Aug -0.7% -0.4% 0.1%

Oct 04 10:00 Pending Home Sales Aug 1.0% 1.0% 5.2%

Oct 05 10:00 ISM Services Sep 51.0 51.8 51.5

Oct 06 07:00 MBA Mortgage Application 10/01 NA NA -0.8%

Oct 06 08:15 ADP Employment Change Sep 20K 18K -10K

Oct 06 10:30 Crude Inventories 10/02 NA NA -0.475M

Oct 07 08:30 Initial Claims 10/02 450K 455K 453K

Oct 07 08:30 Continuing Claims 09/25 4450K 4450K 4457K

Oct 07 15:00 Consumer Credit Aug -$3.0B -$3.0B -$3.6B

Oct 08 08:30 Nonfarm Payrolls Sep -18K 0K -54K

Oct 08 08:30 Nonfarm Private Payrolls Sep 60K 70K 67K

Oct 08 08:30 Unemployment Rate Sep 9.7% 9.7% 9.6%

Oct 08 08:30 Hourly Earnings Sep 0.1% 0.1% 0.3%

Oct 08 08:30 Average Workweek Sep 34.2 34.2 34.2

Oct 08 10:00 Wholesale Inventories Aug 0.5% 0.4% 1.3%

Current views, speculations and suggestions are

good till close of business today. These are strictly technical in

nature only, not fundamentally informed or biased.

Dec Emini S&P: negative with resistance at 1143.50

Dec Emini Nasdaq: negative with resistance at 1996.00

Dec Mini Dow: positive with support at 10632

Dec Gold: positive with support at

Dec Silver: positive with support at

Dec Copper: positive with support at

Dec Yen: positive with support at 118.80

Dec Swiss: positive with support at 102.35

Dec Euro Currency: positive with support at 136.31

Dec Canadian: negative with resistance at 97.98

Dec British Pound: potential reversal day

Dec Aussie: positive with support at 95.24

Nov Crude: positive with support at 80.29

Nov Nat Gas: negative with resistance at 3.76

Dec Wheat: negative with resistance at 6.54

Nov Beans: potential reversal day

Dec Corn: positive with support at 4.59

Dec Ten Year Notes: negative with resistance at 126.24

Dec 30 Year Bonds: positive with support at 132.15

March Eurodollar: positive with support at 99.56

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

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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