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Chicago-land Purchasing Manager's Index at 10 and Crude Inventories at 10:30

Top Day Rec

12.30.09

As the week unwinds, just the Chicago-land Purchasing

Managerís Index at 10 and Crude Inventories soon

thereafter. After drifting higher over the past few

sessions, the market seems to be hitting the reset

button this morning with a modicum of dollar strength

pressing certain sectors lower.

This Week's Calendar

Date ET Release For Actual Briefing.com Consensus Prior

Revised

From

Dec 29 09:00CaseShiller 20 City Oct -7.60% -7.10% -9.36%

Dec 29 10:00 Consumer Confidence

Dec 54.5 53.0 49.5

Dec 30 09:45Chicago PMI Dec 56.0 55.1 56.1

Dec 30 10:30Crude Inventories 12/25 NA NA -4.84M

Dec 31 08:30Initial Claims 12/26 445K 460K 452K

Dec 31 08:30Continuing Claims 12/19 5100K 5100K 5076K

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 1115.00

NQ: pos with support at 1862.00

Mar Mini Dow: pos with support at 1040

Feb Gold: neg with res at 1105

Mar Silver: pos with support at 16.78

Mar Copper: pos with support at 329.50

Mar Yen: neg with res at 109.20

Mar Swiss: pos with support at 96.10

Mar EC: pos with support at 143.01

Mar Canadian: pos with support at 95.26

Mar BP: neg with res at 160.19

Mar Aussie: pos with support at 88.01

Feb Crude: pos with support at 78.10

Feb Mini Nat Gas: pos with support at 5.68

Mar Soybeans: neg with res at 10.54

Mar Wheat: pos with support at 5.356

Mar Ten Year: neg with res at 115.27

Mar 30 Year : neg with res at 115.22

June Eurodollar: neg with res at 99.35

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

International Markets

Mar Bund: potential reversal day

Mar Dax: neg with res at 6030

**********

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.

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

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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