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The dollar slightly stronger off the number

Top Day Recommendations

12.10.07

The trade deficit contracts by 13%, an appreciable amount. The other

inflection point of the day will be the U of M consumer sentiment. The

dollar is slightly stronger off the number. Stocks continue to drift higher, a

seasonal tendency. Revision of the tax code is being aggressively mulled

by the Executive branch. Interest rates continue to back up. The navigation

of Wall St. Xmass parties continues to be as challenging as ocean

swimming.

This Week's Calendar Week of December 06 - December 10

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Dec 07 15:00 Consumer Credit Oct -$2.0B -$2.3B $2.1B

Dec 08 07:00 MBA Mortgage Applications 12/03 NA NA -16.5%

Dec 08 10:30 Crude Inventories 12/04 NA NA 1.07M

Dec 09 08:30 Initial Claims 12/04 420K 430K 436K

Dec 09 08:30 Continuing Claims 11/27 4250K 4250K 4270K

Dec 09 10:00 Wholesale Inventories Oct 0.5% 0.8% 1.5%

Dec 10 08:30 Trade Balance Oct -$43.0B -$44.4B -$44.0B

Dec 10 08:30 Export Prices ex-ag. Nov NA NA 0.7%

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

Dec 10 09:55 Mich Sentiment Dec 72.5 72.5 71.6

Dec 10 14:00 Treasury Budget Nov NA -$134.0B -$120.3B

Current views, speculations and suggestions

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

only, not fundamentally based or biased. PRD denotes a

Potential Reversal of trend Day

Mar Emini S&P: positive with support at 1222.00

Mar Emini Nasdaq: PRD

Mar Mini Dow: positive with support at 11360

Mar Yen: Positive wth support at 119.07

Mar Swiss: PRD

Mar Euro: negative with resistance at 133.10

Mar Canadian: PRD

Mar British Pound: negative with resistance at 158.20

Mar Aussie: negative with resistance at 97.72

Mar Ten Year: positive with support at 120.02

Mar 30 Year Bonds: negative with resistance at 122.23

Mar Wheat: positive with support at 7.82

Jan Beans: positive with support at 12.79

Mar Corn: PRD

Feb Gold: Positive with support at 1372

Mar Silver: Positive with support at 28.00

Mar Copper: positive with support at 406

Jan Crude: negative with resistance of 89.30

Jan Nat Gas: negative with resistance at 4.58

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

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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