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PPI gain for a second consecutive month

Top Day Recommendations

10.14.10

Week of October 11 - October 15

Producer Prices gain for a second consecutive month while the trade deficit

widens and weekly unemployment claims continue to ratchet higher. Of course,

the claims figure is troubling. Many had thought the economy would be adding

jobs at least by now. Apparently not. A jobless recovery continues.

Oil inventories out today at 10:30, delayed a day due to the Columbus Day holiday

observed Monday.

Overnight, HK dollar trades at levels not seen since 1981. Dollar continues to be

ramped in front of the vagueness of QE2. Buy the rumor, sell the details. Isn't a

radically weak dollar stimulus enough to spur exports?

Decision day for OPEC but itís difficult to see them upending the table as the

porridge tastes just right. Even though they say they need oil between $90 to $100

a barrel to finance infrastructure and development, they are blowing smoke. This

is a spec driven top and should be enjoyed as such.

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Oct 12 14:00 Minutes of FOMC Meeting 9/21

Oct 13 07:00 MBA Mortgage Applications 10/08 NA NA -0.2%

Oct 13 08:30 Export Prices ex-ag. Sep NA NA 0.5%

Oct 13 08:30 Import Prices ex-oil Sep NA NA 0.3%

Oct 13 10:30 Crude Inventories 10/09 NA NA 3.09M

Oct 13 14:00 Treasury Budget Sep -$32.0B -$32.0B -$46.6B

Oct 14 08:30 Initial Claims 10/09 450K 449K 445K

Oct 14 08:30 Continuing Claims 10/02 4450K 4450K 4462K

Oct 14 08:30 PPI Sep 0.1% 0.2% 0.4%

Oct 14 08:30 Core PPI Sep 0.1% 0.1% 0.1%

Oct 14 08:30 Trade Balance Aug -$40.0B -$44.5B -$42.8B

Oct 15 08:30 CPI Sep 0.1% 0.2% 0.3%

Oct 15 08:30 Core CPI Sep 0.1% 0.1% 0.1%

Oct 15 08:30 Retail Sales Sep 0.2% 0.4% 0.4%

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Oct 15 08:30 Retail Sales ex-auto Sep 0.1% 0.4% 0.6%

Oct 15 08:30 NY Fed - Empire Manufacturing

Survey

Oct 3.0 6.0 4.10

Oct 15 09:55 Mich Sentiment Oct 67.0 68.6 68.2

Oct 15 10:00 Business Inventories Aug 0.4% 0.5% 1.0%

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: positive with support at 1165.50

Dec Emini Nasdaq: positive with support at 2039.00

Dec Mini Dow: positive with support at 10964

Dec Gold: positive with support at 1354.00

Dec Silver: positive with support at 23.45

Dec Copper: positive with support at 375.00

Dec Yen: positive with support at 122.11

Dec Swiss: positive with support at 103.75

Dec Euro Currency: positive with support at 139.10

Dec Canadian: potential reversal day

Dec British Pound: positive with support at 158.00

Dec Aussie: positive with support at 97.84

Nov Crude: positive with support at 81.95

Nov Nat Gas: potential reversal day

Dec Wheat: negative with resistance at 7.18

Nov Beans: positive with support at 11.78

Dec Corn: positive with support at 5.52

Dec Ten Year Notes: positive with support at 126.27

Dec 30 Year Bonds: negative with resistance at 133.27

March Eurodollar: positive with support at 99.63

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

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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