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All eyes are on the G-20 meeting and the dialog

Top Day Recommendations

11.11.10

Week of November 08 - November 12

This is Veteranís Day and a government holiday. Eyes are on the g-20

meeting and the dialog, both spoken and unspoken, between China and the

US. Just recently, China was claiming that QE2 was nothing short of a

currency manipulation, something that the Chinese are continually

criticized for. Siemens raises dividend to reflect better business

conditions. There was money to be made on the Australian open as the

Australian Employment figures were a wildly mixed bag. The

report showed the Australian economy added 29,700 jobs in

October, higher than median forecast while the headline

Unemployment Rate unexpectedly ticked higher to 5.4 percent

as better labor market conditions brought an inflow of

discouraged workers back into the job market pushing the

Participation Rate up to 65.9 percent, the highest on record. On

this, the currency spiked higher, then lower, then regressed to

the median and all trades stood.

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 1205

Dec Emini Nasdaq: PRD

Dec Mini Dow: negative with resistance at 11351

Yen: negative with resistance at 122.76

Dec Swiss: negative with resistance at 103.43

Dec Euro negative with resistance at 138.40

Dec Canadian: Positive with support at 99.32

Dec British Pound: negative with resistance at 161.79

Dec Aussie: Negative with resistance at 100.55

Dec Ten Year Notes: negative with resistance at 127.12

Dec 30 Year Bonds: negative with resistance at 129.21

Dec Wheat: PRD

Jan Beans: Positive with support at 13.12

Dec Corn: negative with resistance at 5.76

Dec Gold: positive with support at 1385.00

Dec Silver: Positive with support at 26.18

Dec Copper: positive with support at 393.50

Dec Crude: Positive with support at 86.55

Dec Nat Gas: positive with support at 3.96

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

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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