US trade deficit comes in at 36.5 billion up 18% while import
prices are higher due to higher oil prices
Top Day Rec
Happy Friday the 13th. Templar Knights should take
the day off.
Overnight, the US trade deficit comes in at 36.5 billion up
18%. Import price are also higher due to higher oil prices.
of Michigan consumer sentiment will set the tone for the shank
of the day.
Overnight, Euro area grows by 0.4% and this modest expansion
puts the brakes on yesterday’s slide. Crude fell on very low
production numbers and builds in supplies showing a lack of
economic demand and this blunted gold’s advance.
views, speculations and suggestions
till close of business today). These are technical in nature
only, not fundamental.
Dec ES: pos with support at
Dec NQ: pos with support at
Dec Mini Dow: pos with support
Dec Gold: pos with support at
Dec Silver: pos with support at
Dec Copper: neg with res at
Dec Yen: neg with res at 111.64
Dec Swiss: neg with res at 99.20
Dec EC: neg with res at 149.75
Dec Canadian: pos with support
Dec BP: neg with res at 166.80
Dec Aussie: neg with res at
Dec Crude: pos with support at
Jan Soybeans: potential reversal
Mar Wheat: pos with support at
Dec Ten Year: pos with support
Dec Bund: pos with support at
Dec Dax: pos with support at
Dec NKD pos with support at
N.B.: if you initiate a trade
using ANY of these numbers use a STOP at least equivalent to 2
˝%. 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.
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.