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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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European sovereign debt is the new subprime market

Top Day Recommendations

11.11.11

The above date only occurs once a century, so enjoy it. It is also Armistice Day, the day of remembrance for the end of hostilities on the Western front of World War I. It’s a government holiday and consequently the government bond market is closed. Italy approves its budget deal now paving the way for the probable (as having been previously promised) exit for Berlusconi. Italy did sell $5 billion of one-year bonds yesterday but at a rate of 6%, up from 3.5% just one month ago. European sovereign debt is the new subprime market. Crude oil is up $.68 in early trade and is heading for its best one-week run since 2009. Crude oil is just one of many contradictions that are currently in play.

Tie up your loose ends and enjoy the weekend.

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 1222 1260 1285.00 1319.00
           
Dec U 2223.50 2287.50 2278 2336 2406.50 2461.50
           
Nasdaq              
Dec U 122.00 125.01 128.54 129.42 131.50 135.60
           
Yen              
Dec EC D 132.85 135.30 134.93 137.42 140.90 144.00
           
Dec 10 U 126.24 128.16 129.27 130.27 131.14 132.20
           
Year              
               
Dec 30 U 133.21 137.11 140.07 142.21 143.29 146.25
           
Year              
Jan D 11.72 11.96 11.59 11.83 12.38 12.55
           
Soybea              
ns              
Dec U 6.20 6.38 6.39 6.56 6.66 6.77
           
Corn              
Dec U 1647 1701 1738 1778 1777 1823
           
Gold              
Dec U 30.55 32.35 33.37 34.58 35.69 37.24
           
Silver              
Dec D 331 347 331 342 371 387
           
Copper              
Dec U 87.08 90.75 95.87 99.02 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.