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Unemployment out on Friday

Top Day Recommendations

10.04.10

Week of October 04 - October 08

10 brings new factory orders. In the Eurozone, producer prices slow and there is

some fear of austerity measures kicking in. Nadaq quietly turns over on Friday.

With Swiss banks needing higher reserves, there is movement back into the sf/ec

cross rate from the long sf side. (see chart). Unemployment out on Friday. Chatter

continues about a possible terrorist attack in Europe.

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

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

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%

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 1147.50

Dec Emini Nasdaq: negative with resistance at 2011.50

Dec Mini Dow: positive with support at 10718

Dec Gold: positive with support at 1298.5

Dec Silver: positive with support at 21.55

Dec Copper: positive with support at 363.00

Dec Yen: positive with support at 119.43

Dec Swiss: positive with support at 101.86

Dec Euro Currency: positive with support at 136.60

Dec Canadian: potential reversal day

Dec British Pound: negative with resistance at 158.96

Dec Aussie: positive with support at 95.71

Nov Crude: positive with support at 80.28

Nov Nat Gas: potential reversal day

Dec Wheat: negative with resistance at 6.73

Nov Beans: positive with support at 10.21

Dec Corn: potential reversal day

Dec Ten Year Notes: negative with resistance at 126.20

Dec 30 Year Bonds: positive with support at 132.20

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

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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