Top Day Recommendations

11.28.08

No eco news today. Black Friday is so named as it is the first day of the calendar year when brick and mortar retailers begin to go from being in the red to being in the black. Crude is lower on the belief that new production reductions will not be enough to counter contracting demand. Yield on the 10 year continues to head to 2.62%, currently at 2.97%.

Trading conditions are obviously thin on the day after.

Caveat emptor: Early close today for the stock market at Wall and Broad at 1:00 pm.

News Releases

Current views, speculations and suggestions

Dec Yen: potential reversal day
Dec Swiss: pos but below daily support of 82.85
Dec EC:  pos but below daily support of 128.00
Dec Canadian: positive with support at 80.28
Dec BP:  positive with support at 152.00
Dec ES: positive with support at 870.00
Dec NQ: negative with res at 1200.00
Dec Russell: positive with support at 456
Dec Mini Dow: positive with support at 856
Dec Silver: neg with res at 10.27
Dec Gold:  pos with support at 805
Jan Crude: neg with res at 56.20
Jan Soybeans:  neg with res at 8.96
Mar Wheat:  neg with res at 5.64
Dec Ten Year: pos and above daily res of 122.18
Mar Sugar: neg with res at 11.96

International Markets:

Dec Euro Bund: pos with support at 121.02
Dec Dax: pos with support at 4558

N.B.: if you initiate a trade using any of these numbers use a stop equivalent to 2 ½%. Repeat: 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.