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Equities futures higher this morning on the percention of economic strength

Top Day Recommendations

March 29, 2010

The equity market had an opportunity to roll over

on Friday but saved itself by rallying in the final hour.

Greece needs to raise 21 billion in fresh debt by the

end of May. Equities higher this morning on the perception

of economic strength. The only fly in the ointment is

that rates are backing up with the yield on the 10 year

note at 3.85% End of quarter volatility to be expected this week

with a short week due to Good Friday exacerbating things.

Not much reaction to Personal Income and Spending.

The deflator (implied rate of inflation)comes in as expected.

Week of March 29 - April 02

Date ET Release For Actual Briefing.com Consensus Prior

RevisedFrom

Mar 29 08:30Personal Income Feb 0.1% 0.1% 0.1%

Mar 29 08:30Personal Spending Feb 0.5% 0.3% 0.5%

Mar 29 08:30PCE Prices - Core Feb 0.1% 0.1% 0.0%

Mar 30 09:00Case-Shiller 20-cityIndexJan -1.0% -0.6% -3.1%

Mar 30 10:00Consumer Confidence Mar 48.5 50.0 46.0

Mar 31 08:15ADP EmploymentChangeMar 0K 40K -20K

Mar 31 09:45Chicago PMI Mar 61.7 61.0 62.6

Mar 31 10:00Factory Orders Feb 0.8% 0.5% 1.7%

Mar 31 10:30Crude Inventories 03/27 NA NA 7.25M

Apr 01 08:30Continuing Claims 03/20 4650K 4600K 4648K

Apr 01 08:30Initial Claims 03/27 450K 440K 442K

Apr 01 10:00Construction Spending Feb -1.3% -1.0% -0.6%

Apr 01 10:00ISM Index Mar 56.0 57.0 56.5

Apr 01 14:00Auto Sales Mar NA NA 3.7M

Apr 01 14:00Truck Sales Mar NA NA 4.2M

Apr 02 08:30Nonfarm Payrolls Mar 75K 190K -36K

Apr 02 08:30Unemployment Rate Mar 9.8% 9.7% 9.7%

Apr 02 08:30Average Workweek Mar 33.8 33.9 33.8

Apr 02 08:30Hourly Earnings Mar 0.1% 0.2% 0.1%

(Current views, speculations and suggestions

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

only, not fundamental.

June Emini S&P: positive with support at 1157.00

June Emini Nasdaq: positive with support at 1939

June Mini Dow: positive with support at 1075

June Gold: negative with resistance at 1114.00

May Silver: potential reversal day

May Copper: potential reversal day

June Yen: negative with resistance at 108.40

June Swiss: positive with support at 93.26

June Euro Currency: negative with resistance at 135.20

June Canadian: negative with resistance at 97.78

June British Pound: negative with resistance at 149.85

June Aussie: negative with resistance at 90.83

May Crude: positive with support at 79.20

May Mini Natural Gas: negative with resistance at 4.00

May Soybeans: positive with support at 9.44

May Wheat: negative with resistance at 4.70

May Sugar:

June Ten Year Notes: negative with resistance at 116.05

June 30 Year Bonds: negative with resistance at 115.23

Sept Eurodollar: negative with resistance at 94.43

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

International Markets

June Bund:

June Dax:

**********

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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