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Case Shiller and Consumer
Confidence report at 9 and 10, respectively

Top Day Recommendations

December 28th

Along with the rest of the Northeast, still digging out. A dribble of eco data with Case Shiller and Consumer

Confidence at 9 and 10 respectively. Stronger Yen hurt the Nikkei overnight. French GDP less than

expected. Home prices in the US are expected to have declined.

Transportation in and out of NY remains dicey. Supposedly itís to be balmy by the weekend. As the house

shakes from gusting winds, itís hard to believe.

Australian floods may put upward price pressure on sugar.

Thin trading conditions at year end exacerbate price moves.

Week of December 27 - December 31

Date ET Release For Actual Briefing.com Consensus Prior Revised

From

Dec 28 09:00 Case-Shiller 20-city Index Oct -0.2% NA 0.59%

Dec 28 10:00 Consumer Confidence Dec 56.0 56.1 54.1

Dec 29 07:00 MBA Mortgage Applications 12/24 NA NA -18.6%

Dec 29 10:30 Crude Inventories 12/25 NA NA -5.33M

Dec 30 08:30 Initial Claims 12/25 415K 416K 420K

Dec 30 08:30 Continuing Claims 12/18 4000K 4030K 4064K

Dec 30 09:45 Chicago PMI Dec 61.5 62.5 62.5

Dec 30 10:00 Pending Home Sales Nov -3.0% -1.8% 10.4%

Read more: http://briefing.com/Investor/Public/Calendars/EconomicCalendar.htm#ixzz19GkrQbw0

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 1225 1239 1247 1256 1261 1269

Emini NQ P 2191 2211 2213 2240 2244 2259

Yen P 118.31 119.54 120.60 121.36 121.36 121.90

EC PRD 129.71 130.41 130.82 132.25 131.90 132.69

10 year P 118.19 119.03 119.08 120.24 120.14 121.10

30 year N 119.03 119.25 120.04 121.29 121.19 122.23

Soybeans P 12.73 13.11 13.48 13.87 13.71 13.92

Corn P 5.90 6.02 6.10 6.19 6.20 6.26

Gold P 1361.1 1370.1 1374.7 1395.1 1390.5 1401.9

Silver P 28.44 28.86 28.92 29.68 29.66 30.03

Copper P 410.3 418.05 422 431.70 431.70 432.50

Crude P 86.35 88.88 90.38 91.75 92.78 94.18

Sugar P 31.35 32.66 33.26 34.01 34.67 35.37

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

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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