Top Day Recommendations

07.01.09

An even better news day than yesterday with the private ADP jobs forecast possibly opening a window to Thursday’s early release of the Unemployment data at 8:15 am (came in at 473K which, if this is correct, is better than the guesstimates out there for Thursday’s number), the ISM index and then crude oil inventories at 10:30.

Domestic markets closed Friday to observe the 4th on the 3rd.

Metals and equities were hurt yesterday by lower than expected consumer confidence.

Current views, speculations and suggestions (good till close of business today)

Sept Yen: possible reversal day (down)
Sept Swiss: pos with support at 91.77
Sept EC: pos with support at 139.75
Sept Canadian: neg with res at 86.70
Sept BP:  neg with res at 165.40
Sept ES: pos with support at 907.50
Sept NQ: pos with support at 1464
Sept Mini Dow: neg with res at 8488
Aug Gold: positive with daily support of 920
July Silver: pos with support at 13.35
Aug crude: pos with support at 6850
Nov Soybeans: neg with res at 10.23
Sept Wheat: neg with res at 5.62
Sept Ten Year: pos with support at 115.26

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International Markets

Sept Bund:  pos with support at 120.82
Sept Dax: neg with res at 4956
NKD: neg with res at 1098

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N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%. Repeat: use Stops.  Don’t think about using Stops. 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.