Markets are higher in the belief that the Fed will keep rates
unchanged at 2:15 this afternoon`
Top Day Rec
Overnight, foreign equity markets are higher in the belief
that the Fed will keep rates unchanged at 2:15 this afternoon.
FTSE is better by .68, Dax by 1.08 and CAC by 1.45. Gold is
higher, a record high as perhaps the fruition of Fed policy.
12.8 trillion in stimulus and negative real rates of interest
has to express itself and the bubble seems to have a golden
Will the Fed use the communiquť to at least try to talk up the
dollar? Thatís the question.
Also, some interesting election results last night at the
gubernatorial level as voters push back, mainly motivated by
higher property taxes. Higher unemployment and higher property
taxes is hardly a delicious mix for any incumbent.
ADP private jobs survey sees the economy lost 203K jobs, more
Crude inventories at 10:35.
Game 6 at the Stadium. Donít forget your MLB approved parkas.
views, speculations and suggestions
till close of business today). These are technical in nature
Dec ES: potential reversal day
Dec NQ: potential reversal day
Dec Mini Dow: neg with res at
9785 and 9850
Dec Gold: potential reversal day
Dec Silver: potential reversal
Dec Copper: neg with res at 3.04
Dec Yen: neg with res at 111.20
Dec Swiss: neg with res at 98.07
Dec EC: neg with res at 148.00
Dec Canadian: potential reversal
Dec BP: pos with support at
Dec Aussie: neg with res at
Dec Crude: pos with support at
Jan Soybeans: potential reversal
Dec Wheat: neg with res at 5.29
Dec Ten Year: neg with res at
Dec Bund: potential reversal day
Dec Dax: neg with res at 5442
Dec NKD neg with res at 990.60
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.
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.