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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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Crude oil and gold remain strong

Top Day Recommendations

11.08.11

Usually, markets don’t like uncertainty. This morning, faced with the uncertainty over budget vote in Italy and the ramifications for the political life of Berlusconi and while waiting for the name of the new Greek Prime Minister, equity markets are buoyant. The belief is that Europe is avoiding potential recession. That remains to be seen, obviously. Yields in the United States are backing up. Crude oil remains strong, overall, although overbought. Gold rallied strongly yesterday as the alternative currency. It curiously slammed on the brakes just below $1800 an ounce and failed to breach that level overnight.

Today is yet again an open day in terms of economic releases. Stocks will continue to be bought on breaks. With all the turmoil, the EC persists in its resilience. Perception is reality. Price is truth.

Week of November 07 - November 11

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Nov 15:00 Consumer Credit Sep   $5.0B $5.0B -$9.5B  
07    
               
Nov 07:00 MBA Mortgage Index 11/05   NA NA +0.2%  
09    
               
Nov 10:00 Wholesale Sep   0.9% 0.6% 0.4%  
09 Inventories    
             
Nov 10:30 Crude Inventories 11/05   NA NA 1.826M  
09    
               
Nov 08:30 Initial Claims 11/05   400K 400K 397K  
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
10                
Nov 08:30 Continuing Claims 10/29   3700K 3690K 3683K  
10    
               
Nov 08:30 Export Prices ex-ag. Oct   NA NA 0.3%  
10    
               
Nov 08:30 Import Prices ex-oil Oct   NA NA 0.2%  
10    
               
Nov 08:30 Trade Balance Sep   -$46.0B -$45.8B -$45.6B  
10    
               
Nov 14:00 Treasury Budget Oct   NA -$105B -  
10   $140.4B  
             
Nov 09:55 Mich Sentiment Nov   60.0 61.5 60.9  
11    
               

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 WS1 DS DR WR1 WR2
Dec ES D 1174.50 1212.75 1240 1267 1285.00 1319.00
           
Dec U 2223.50 2287.50 2335 2405 2406.50 2461.50
           
Nasdaq              
Dec U 122.00 125.01 128 128.51 131.50 135.60
           
Yen              
Dec EC D 132.85 135.30 137 138.34 140.90 144.00
           
Dec 10 U 126.24 128.16 129.19 130.29 131.14 132.20
           
Year              
               
Dec 30 U 133.21 137.11 140.20 142.29 143.29 146.25
           
Year              
Jan D 11.72 11.96 11.92 12.17 12.38 12.55
           
Soybea              
ns              
Dec U 6.20 6.38 6.48 6.57 6.66 6.77
           
Corn              
Dec U 1647 1701 1763 1809 1777 1823
           
Gold              
Dec U 30.55 32.35 34.11 35.27 35.69 37.24
           
Silver              
Dec U 331 347 363 376 371 387
           
Copper              
Dec U 87.08 90.75 93.79 96.67 96.51 98.60
           
Crude              

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.