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 The dollar remains strong going into year end

Top Day Rec

12.22.09

The third estimate of GDP comes in at 2.2% against an expectation of

2.8%, a sizeable miss of a metric.

OPEC keeps quotas unchanged as expected.

The dollar remains strong going into year end (at least before the

release of the GDO estimate) with the Sterling breaking 160.00. Only

currency bucking the trend is the Canada, affectionately referred to the

Loonie in FX circles. Dollar strength pressures gold towards the target

of 1072.50.

Single family home sales at 10. Wall Street beginning to thin out ahead

of Xmas.

This Week's Calendar

Date ET Release For ActualBriefing.com Consensus Prior

Revised

From

Dec 22 08:30GDP - Third Estimate Q3 2.8% 2.8% 2.8%

Dec 22 08:30GDP Prices - Third Estimate Q3 0.5% 0.5% 0.5%

Dec 22 10:00Existing Home Sales Nov 5.95M 6.25M 6.10M

Dec 23 08:30Personal Income Nov 0.6% 0.5% 0.2%

Dec 23 08:30Personal Spending Nov 0.8% 0.7% 0.7%

Dec 23 08:30PCE Prices Nov 1.7% 1.6% 0.2%

Dec 23 08:30PCE Prices - Core Nov 0.1% 0.1% 0.2%

Dec 23 09:55Mich Sentiment-Rev Dec 74.5 73.7 73.4

Dec 23 10:00New Home Sales Nov 420K 439K 430K

Dec 23 10:30Crude Inventories 12/18 NA NA -3.69M

Dec 24 08:30Initial Claims 12/19 465K 470K 480K

Dec 24 08:30Continuing Claims 12/12 5200K 5175K 5186K

Dec 24 08:30Durable Goods Orders Nov 1.2% 0.5% -0.6%

Dec 24 08:30

Durable Goods Orders ex

Auto

Nov 0.3% 1.0% -1.3

Current views, speculations and suggestions

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

only, not fundamental.

Mar ES: pos with support at 1106.00

Mar NQ: pos with support at 1820.00.

Mar Mini Dow: potential reversal day

Feb Gold: neg with res at 1102.50

Mar Silver: pos with support at 16.65

Mar Copper: potential reversal day

Mar Yen: neg with res at 110.50

Mar Swiss: neg with res at 96.16

Mar EC: neg with res at 143.50

Mar Canadian: potential reversal day

Mar BP: neg with res at 161.20

Mar Aussie: neg with res at 87.96

Feb Crude: pos with support at 72.85

Feb Mini Nat Gas: pos with support at 5.45

Mar Soybeans: neg with res at 10.21

Mar Wheat: pos with support at 5.15

Mar Ten Year: neg with res at 117.25

Mar 30 Year : neg with res at 117.13

June Eurodollar: neg with res at 99.43

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

International Markets

Mar Bund: pos with support at 122.46

Mar Dax: neg with res at 5966

**********

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.

changes monthly)

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

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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