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 Better than expected German Consumer Confidence helping the stock futures

Top Day Rec

08.18.09

A slight rebound overnight helped along by better than expected German consumer confidence. Several data points out at 8:30 including building permits and housing starts along with the Producer Price Index. September crude expires this week so look for volatility.   

 

Aug 17

08:30

Empire Manufacturing

Aug

 

5.00

2.20

-0.55

 

Aug 17

09:00

Net Long-Term TIC Flows

Jun

 

NA

$17.5B

-$19.8B

 

Aug 18

08:30

Building Permits

Jul

 

565K

576K

570K

 

Aug 18

08:30

Core PPI

Jul

 

0.1%

0.1%

0.5%

 

Aug 18

08:30

Housing Starts

Jul

 

580K

598K

582K

 

Aug 18

08:30

PPI

Jul

 

-0.2%

-0.2%

1.8%

 

Aug 19

10:30

Crude Inventories

08/14

 

NA

NA

+2.52M

 

Aug 20

08:30

Initial Claims

08/15

 

550K

553K

558K

 

Aug 20

10:00

Leading Indicators

Jul

 

0.6%

0.6%

0.7%

 

Aug 20

10:00

Philadelphia Fed

Aug

 

1.0

-2.0

-7.5

 

Aug 21

10:00

Existing Home Sales

Jul

 

5.10M

5.00M

4.89M

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

             
                           

Current views, speculations and suggestions

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

 

Sept Yen: pos with support at 105.05

Sept Swiss: potential reversal day   

Sept EC: potential reversal day   

Sept Canadian: neg with res at 91.02

Sept BP:  neg with res at 164.80         

Sept ES: possible reversal day

Sept NQ: possible reversal day  

Sept Mini Dow: potential reversal day

Dec Gold: neg with res at 947      

Sept Silver: potential reversal day  

Sept Copper: potential reversal day   

Sept crude: neg with res at 67.88      

Nov Soybeans: neg with res at 9.775  

Dec Wheat: neg with res at 5.08

Sept Ten Year:  pos with support at 117.08   

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

International Markets

Sept Bund: pos with support at 121.75

Sept Dax:  neg with res at 5288

NKD: neg with res at 103.00  

***********  

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.

 

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

    

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.

 

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