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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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Weekly jobless claims better than expected

Top Day Recommendations

12.22.11

Running a tad late on Xmass week. Weekly jobless claims better than expected while Q3 estimate of GDP a bit of a non event. Mario Draghi will speak today on the heels of the greater than expected liquidity injection. Yesterday’s crude inventories saw a plunge of 10 million barrels leaving supplies at their lowest levels in 2 years. There should be a caveat however. Refiners are taxed year end on their inventory so they want as little product as possible on hand on the last day of December. Trading population continues to thin.

Week of December 19 - December 23

Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Dec 10:00 NAHB Housing Dec   19 19 20  
19 Market Index    
             
Dec 08:30 Housing Starts Nov   600K 627K 628K  
20    
               
Dec 08:30 Building Permits Nov   625K 633K 653K  
20    
               
Dec 07:00 MBA Mortgage Index 12/17   NA NA 4.1%  
21    
               
Dec 10:00 Existing Home Sales Nov   5.20M 5.03M 4.97M  
21    
               
Dec 10:30 Crude Inventories 12/17   NA NA -  
21   1.932M  
             
Dec 08:30 Initial Claims 12/17   380K 380K 366K  
22    
               
Dec 08:30 Continuing Claims 12/10   3650K 3650K 3603K  
22    
               
Dec 08:30 GDP - Third Estimate Q3   2.0% 2.0% 2.0%  
22    
               
Date ET Release For Actual Briefing.com Briefing.com Prior Revised
          Forecast Consensus   From
Dec 08:30 GDP Deflator - Third Q3   2.5% 2.5% 2.5%  
22 Estimate    
             
Dec 09:55 Michigan Sentiment - Dec   68.0 68.0 67.7  
22 Final    
             
Dec 10:00 Leading Indicators Nov   0.3% 0.3% 0.9%  
22    
               
Dec 10:00 FHFA Housing Price Oct   NA NA -0.1%  
22 Index    
             
Dec 08:30 Durable Orders Nov   3.2% 2.0% -0.5% -0.7%
23  
  Dec 08:30 Personal Income Nov 0.0% 0.2% 0.4%
  23
             
  Dec 08:30 Personal Spending Nov 0.4% 0.3% 0.1%
  23
             
  Dec 08:30 PCE Prices - Core Nov 0.1% 0.1% 0.1%
  23
             
  Dec 10:00 New Home Sales Nov 315K 313K 307K
  23
  Dec   Durable Goods          
  08:30 Orders -ex Dec -0.2% 0.3% 1.1% 0.7%
  23
    Transportation          
               

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
Mar PRD 1164 1187 1223 1249 1244 1277
           
ES (U)            
Mar D 2149 2191 2208 2280 2298 2363
           
Nasdaq              
Mar D 127.76 128.62 128.01 128.82 129.18 129.66
           
Yen              
Mar D 127.08 128.72 129.88 131.74 132.93 135.50
           
EC              
Mar 10 PRD 129.01 130.31 130.05 130.24 131.25 132. 13
           
Year (D)            
               
Mar 30 PRD 139.02 142.06 142.22 144.05 146.31 148.22
           
Year (D)            
Mar U 10.92 11.16 11.47 11.73 11.51 11.63
           
Soybea              
ns              
March U 5.61 5.72 6.05 6.23 5.85 6.12
           
Corn              
Feb D 1471 1536 1599.60 1635 1692 1783
           
Gold              
Mar D 25.87 27.80 28.84 29.92 31.98 34.23
           
Silver              
Mar PRD 304 319 335 343 353 372
           
Copper (U)            
Feb U 8730 90.65 97.23 99.68 99.40 Wow
           
Crude             4.80
             
               

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.