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Focus is on jobless claims and durable goods

Top Day Recommendations

12.23.07

Last trading day of the week with a raft of eco indicators. Durabale goods

orders could be a market mover. The focus is also on jobless claims as

there have been so many conflicting reports about job creation or lack of

same over the past few months. U of Michigan consumer confidence will

add a spin to the day but the main thing to remember is that this is the

biggest get away day of the year so everyone is looking at these numbers

with one foot out the door.

Bonne Fete. Happy Holidays.

Week of December 20 - December 24

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Dec 22 07:00 MBA Mortgage Applications 12/17 NA NA -2.3%

Dec 22 08:30 GDP - Third Estimate Q3 2.7% 2.7% 2.5%

Dec 22 08:30 GDP Deflator - Third Estimate Q3 2.3% 2.3% 2.3%

Dec 22 10:00 Existing Home Sales Nov 4.87M 4.65M 4.43M

Dec 22 10:00 FHFA Home Price Index Oct NA NA -0.7%

Dec 22 10:30 Crude Inventories 12/18 NA NA -9.85M

Dec 23 08:30 Personal Income Nov 0.1% 0.2% 0.5%

Dec 23 08:30 Personal Spending Nov 0.5% 0.5% 0.4%

Dec 23 08:30 PCE Prices - Core Nov 0.1% 0.1% 0.0%

Dec 23 08:30 Durable Orders Nov -1.8% -1.0% -3.3%

Dec 23 08:30 Durable Goods Orders - ex

Transporation

Nov 0.7% 1.0% -2.7%

Dec 23 08:30 Initial Claims 12/18 415K 424K 420K

Dec 23 08:30 Continuing Claims 12/11 4050K 4075K 4135K

Dec 23 09:55 University of Michigan Sentiment

- Final

Dec 75.5 75.0 74.2

Dec 23 10:00 New Home Sales Nov 290K 303K 283K

Read more: http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz18bo5U51b

Current views, speculations and suggestions

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

only, not fundamentally based or biased.

Legend:

P is positive

N is Negative

PRD is Potential Trend Reversal Day

S2 is strong support

S1 is good support

DS is Daily Support

DR is Daily Resistance

R1 is Good resistance

R2 is Strong Resistance

S1, S2, R1, R2 change once, weekly

Levels are for the most active futures contract.

DAILY SUPPORT AND RESISTANCE

Trend S2 S1 DS DR R1 R2

Emini SP P 1221 1229 1250 1256 1244.50 1250.50

Emini NQ P 2181.50 2197.50 2231 2239 2227.50 2242.50

Yen P 117.10 118.20 119.42 120.04 120.63 121.94

EC N 129.00 130.37 130.45 131.51 134.00 136.29

10 year P 117.19 118.29 119.14 120.11 121.00 122.04

30 year N 117.05 119.08 119.27 121.00 122.28 124.13

Soybeans P 12.32 12.65 13.19 13.35 13.23 13.47

Corn P 5.58 5.77 7.67 7.94 6.07 6.18

Gold P 1334.9 1355.5 1382 1390 1402.80 1429.50

Silver N 27.55 28.38 29.16 29.41 30.02 30.82

Copper P 400.80 408.90 425 430.50 424.00 431.00

Crude P 86.10 87.48 90.08 90.99 90.03 91.30

Sugar P 27.74 30.12 32.47 33.62 33.92 35.34

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

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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