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CONTACT INFORMATION

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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Lots of overnight sound and fury

Top Day Recommendations

 10.21.11

                  

Lots of overnight sound and fury probably signifying next to nothing. It’s difficult to hold positions going into this weekend given the ongoing, fluid, confusing situation in the euro zone. First there’s a summit meeting to address the expansion of the European bail out fund, then there’s not a meeting, or at least not a definitive meeting, or maybe the real meeting will be held on Wednesday, than France and Germany have come to a conclusion about how to leverage the bailout fund, then they haven’t come to a conclusion about how to leverage the bailout fund, etc. etc. etc. and tomorrow and tomorrow and tomorrow creeps into this petty pace of day-to-day. The euro zone crisis is the crisis of 2011 to try men’s souls. Before it is solved it will drive us all mad

No eco data points today.

Look for crude oil to stall out at 8735 and the NASDAQ to stall out at 2333 even though Verizon doubled its profits.

Week of October 17 - October 21

Date

ET

Release

For

Actual

Briefing.com  Briefing.com

Prior

Revised

 

 

 

 

 

 

Forecast

Consensus

 

From

 

Oct

08:30

Empire Manufacturing

Oct

 

-5.0

-4.0

-8.82

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

Oct

09:15

 Industrial Production

Sep

 

0.1%

0.2%

0.2%

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

Oct

09:15

 Capacity Utilization

Sep

 

77.5%

77.5%

77.4%

 

 

17

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

PPI

Sep

 

0.3%

0.2%

0.0%

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Core PPI

Sep

 

0.1%

0.1%

0.1%

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

Oct

09:00

Net Long-Term TIC

Aug

 

NA

NA

$9.5B

 

 

18

Flows

 

 

 

 

 

 

 

 

 

 

 

Oct

10:00

NAHB Housing

Oct

 

14

14

14

 

 

18

Market Index

 

 

 

 

 

 

 

 

 

 

 

Oct

07:00

MBA Mortgage Index

10/15

 

NA

NA

+1.3%

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

CPI

Sep

 

0.3%

0.3%

0.4%

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Core CPI

Sep

 

0.2%

0.2%

0.2%

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Housing Starts

Sep

 

575k

595k

571K

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Building Permits

Sep

 

600k

610k

620K

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

10:30

Crude Inventories

10/15

 

NA

NA

1.344M

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

Oct

14:00

Fed's Beige Book

Oct

 

 

 

 

 

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Initial Claims

10/15

 

400k

404k

404K

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

Oct

08:30

 Continuing Claims

10/08

 

3700k

3690k

3670K

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

Oct

10:00

 Existing Home Sales

Sep

 

5.10M

4.94M

5.03M

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

Oct

10:00

 Philadelphia Fed

Oct

 

-5.0

-9.6

-17.5

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

Oct

10:00

 Leading Indicators

Sep

 

0.3%

0.3%

0.3%

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend

 

U is Up

D is Down

PRD is Potential Reversal Day

S2 is Weekly strong support

S1 is Weekly good support

DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance

R2 is Weekly Strong Resistance 

Levels are for the most active futures contract

 

Daily Support and Resistance

 

                                  Trend              WS2                 W S1          DS                    DR

WR1             WR2

Dec Emini

U

1134

1176

1196.2

1230.00

1241

1264

 

 

 

 

 

 

 

 

S+P

 

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

Dec Emini

PRD

2147

2257

2268

2333

2423

2479

 

 

 

 

 

 

 

 

Naz

(D)

 

 

 

 

 

 

 

Dec Yen

U

127.89

128.75

129.84

130.90

130.83

132.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dec EC

U

1319

1353

136.62

138.50

1404

1422

 

 

 

 

 

 

 

 

Dec 10

U

126.25

127.14

128.10

129.04

128.22

129.18

 

 

 

 

 

 

 

 

Year

 

 

 

 

 

 

 

 

Dec 30

D

135.20

137.01

138.12

139.29

140.20

142.26

 

 

 

 

 

 

 

 

Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov

D

11.17

11.93

12.08

12.42

13.11

13.52

 

 

 

 

 

 

 

 

Soybeans

 

 

 

 

 

 

 

 

Dec Corn

D

5.74

6.07

6.37

6.63

6.63

6.87

 

 

 

 

 

 

 

 

Dec Gold

D

1617

1649

1596.2

1663

1703

1735

 

 

 

0

 

 

 

 

 

 

 

 

 

 

 

 

Dec Silver

D

30.27

31.22

29.68

31.97

33.11

34.05

 

 

 

 

 

 

 

 

Dec

D

316

329

298

331

342

357

 

 

 

 

 

 

 

 

Copper

 

 

 

 

 

 

 

 

Dec

PRD

81.14

84.21

84.48

87.38

88.88

90.48

 

 

 

 

 

 

 

 

Crude

(D)

 

 

 

 

 

 

 

 

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.