09.28.09

A quiet day in terms of eco news due in part to the holiday. Overnight, stocks are slightly higher on M&A activity while the dollar is slightly stronger and crude slightly weaker. Trends should continue.

Current views, speculations and suggestions
(good till close of business today). These are technical in nature only.

Dec Yen: potential reversal day (up)
Dec Swiss: positive with support at 96.25
Dec EC: positive with support at 145.56.
Dec Canadian: neg with res at 92.08
Dec BP:  neg with res at 160.29(even the BOE welcomes a lower Sterling).

Still being crossed against the EC as this chart shows:

Dec ES: neg with res at 1048.00
Dec NQ: neg with res at 1708
Dec Mini Dow: neg with res at 9672
Dec Gold: neg with res at 996.70
Dec Silver: neg with res at 16.32
Dec Copper: neg with res at 276
Nov Crude: res at 67.05
Nov Soybeans: neg with res at 9.33
Dec Wheat: neg with res at 4.68
Dec Ten Year:  pos with support at 117.20

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

International Markets

Dec Bund: pos with support at 121.04
Dec Dax:  neg with res at 5662
Dec NKD pos with support at 100.63

***********

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. Some find it appropriate to look at the margin requirement and use that as a stop or if it’s a steep initial requirement, use half.

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.