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Worries over Irish debt acquisition pressures the EC overnight

Top Day Recommendations

11.08.10

China has apparently flipped on their stance towards QE2 now saying that it

should be helpful. On Friday, they had indicated that QE2 was a currency

manipulation, something that they have been continually accused of. Currency

wars are temporarily called off.

Worries over Irish debt acquisition pressured the EC overnight. There are no data

points today. Job creation was better than expected on Friday.

Week of November 08 - November 12

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Nov 09 10:00 Wholesale Inventories Sep 1.5% 0.6% 0.8%

Nov 10 07:00 MBA Mortgage Applications 11/05 NA NA -5%

Nov 10 08:30 Initial Claims 11/06 450K 450K 457

Nov 10 08:30 Continuing Claims 10/30 4350K 4350K 4340K

Nov 10 08:30 Trade Balance Sep -$43.0B -$45.0B -46.3B

Nov 10 08:30 Export Prices ex-ag. Oct NA NA 0.3%

Nov 10 08:30 Import Prices ex-oil Oct NA NA 0.3%

Nov 10 10:30 Crude Inventories 11/06 NA NA 1.95M

Nov 10 14:00 Treasury Budget Oct -$140.0B -$140.0B -$176.4B

Nov 12 09:55 Mich Sentiment Nov 68.5 69.0 67.7

Current views, speculations and suggestions

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

only, not fundamentally biased. PRD denotes a Potential

Reversal of trend Day

Dec Emini S&P: positive with support at 1208.00

Dec Emini Nasdaq: positive with support at 2170

Dec Mini Dow: positive with support at 11299

Dec Gold: positive with support at 1355

Dec Silver: Positive with support at 25.75

Dec Copper: positive with support at 388.00

Yen: negative with resistance at 123.77

Dec Swiss: Positive with support at 103.16

Dec Euro Positive with support at 138.72

Dec Canadian: Positive with support at 99.30

Dec British Pound: negative with resistance at 163.00

Dec Aussie: Positive with support at 100.47

Dec Crude: positive with support at 86.05

Nov Nat Gas:

Dec Wheat: PRD

Jan Beans: Positive with support at 12.73

Dec Corn: Positive with support at 5.83

Dec Ten Year Notes: Positive with support at 127.00

Dec 30 Year Bonds: Positive with support at 129.28

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

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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