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Monday, August 18, 2008 - Weekly e-Newsletter - Issue No.316

In this week's issue:

Economic Calendar

E-Mini Futures

Soybean Futures

Gold Futures

Crude Oil Futures

Currency Futures

ITTI's Top Systems

Employment Opportunities

Economic Calendar

Date

ET

Release

For

Consensus

Prior

Aug 19

08:30

Building Permits

Jul

949K

1091K

Aug 19

08:30

Core PPI

Jul

0.2%

0.2%

Aug 19

08:30

Housing Starts

Jul

963K

1066K

Aug 19

08:30

PPI

Jul

0.6%

1.8%

Aug 20

10:35

Crude Inventories

08/16

NA

-316K

Aug 21

08:30

Initial Claims

08/16

NA

450K

Aug 21

10:00

Leading Indicators

Jul

-0.2%

-0.1%

Aug 21

10:00

Philadelphia Fed

Aug

-14.1

-16.3

[View the complete international economic calendar]  [back to top]

E-Mini Futures Commentary

-Andrey Korchnoy, CTA, Sr. Systems Analyst

U.S. stocks rose for the third straight week after oil's retreat and better-than-estimated results from J.C. Penney Co. and Kohl's Corp. lifted consumer shares. The S&P is still down 12 percent this year, a retreat led by financial companies as losses stemming from the collapse of the U.S. housing market surpassed $500 billion. All 10 industries in the benchmark index for U.S. equities have fallen. Also, crude oil's 23 percent retreat since the July record of $147.27 a barrel has driven a four-week rebound in U.S. stocks.

[read more]  [back to top]

Soybean Futures Commentary

-Douglas McWilliams, Sr. Broker

November soybean futures opened Monday, August 11th at 1180; which was down just half a cent from the previous Friday’s close. Analysts called Monday’s session subdued, and reasoned that most traders were unwilling to take on too much exposure ahead the USDA crop report, which was due the next day. November soybeans managed to overcome the negative influence of lower crude, lower gold, and a stronger dollar and close the day in higher territory. November soybeans closed Monday at 1196; up 15 ˝ cents for the day. Monday afternoon the USDA released their crop progress report, and Tuesday, August 12th, before the pit session opened they released their updated planted acreage report. As a refresher, the last USDA report pegged 74.5 million acres for planted soybean acres.

[read more]  [back to top]

Gold Futures Commentary

-Trenton Kimminau, Margins Analyst/Futures Broker

The gold market traded lower last week. Prices on gold futures were pressured by a stronger dollar. We are now looking at the December expiration as the most actively traded contract. December gold futures lost 35.10 on Tuesday, 17 points on Thursday and lost 22.4 points on Thursday. For the week, gold futures dropped 71.3 points, and futures are down 2.14% since last Tuesday. The recent strength in the U.S. currency has caused selling pressure for the gold market.

[read more]  [back to top]

Currency Futures Overview

- Andrey Korchnoy, CTA/Sr. Systems Analyst 

The dollar climbed to the strongest level in almost six months against the euro and advanced to a seven-month high versus the yen as the European and Japanese economies shrank and crude oil dropped. Canada's dollar gained the most in more than a month this week after government reports showed the nation's trade surplus increased in June and manufacturing shipments exceeded forecasts. The pound slid for an 11th day against the dollar yesterday, the longest run of declines in at least 37 years, on speculation a recession will force the Bank of England to cut interest rates.

[read more]  [back to top]

Crude Oil Futures Overview

-Andrey Korchnoy, CTA, Sr. Systems Analyst

Crude Oil has tumbled 23 percent from the record $147.27 a barrel reached on July 11. Crude oil for September delivery fell $1.24, or 1.1 percent, to settle at $113.77 a barrel at 2:53 p.m. on the New York Mercantile Exchange. Oil touched $111.34 a barrel, the lowest since May 1, and declined 1.2 percent this week.

[read more]  [back to top]

Automated Trading System Results

Hypothetical Performance Results from ITTI,
Our Featured Automated Systems Vendor

 

Top Futures Systems of the Last 12 Months
 

Click on any of the above systems to view complete report. Past performance in not necessarily indicative of future results.  Please review the entire ITTI Systems Risk Disclosure at the bottom of this email.  Hypothetical performance results last updated 8/10/2008. The annual % return is calculated based on the net return. The net return is calculated as gross - $25 allowance for commissions and fees.

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*Requesting for day trading margins does not indicate a customer’s trading activity will be more profitable and/or losses will be limited. Customer acknowledges the high degree of risk involved in commodity futures and options trading are not decreased by having liberal day-trading margins, nor does it guarantee or assume that the customer will make a profit and/or limit his losses. You should not request for this promotional item unless you agree that it is suitable for you. Exchange minimum margins for overnight trading apply. The $300 day trading margins are only available to PATS clients. The margins are only valid for up to 20 lots for clients in the U.S. and up to 10 lots for clients outside of the U.S. Margins are subject to change without notice. Please consult your broker for more detailed information. Additional restrictions may apply.

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Automated Trading System Results
Please note past performance does not guarantee future results and no such claims are being made or implied. There is a risk of loss in futures, forex and systems trading. All demo accounts used to display the performance results of these trade recommendations for use in conveying to you the value of the system and all trading records presented on this website are hypothetical. The systems performance shown above does not consider systems subscription fees and includes $25 allowance per trade for slippage, commissions and fees.

All offers are subject to change without notice.  Margins are subject to change without notice.  Void where prohibited.  Offers cannot be combined unless otherwise stated.

RISK DISCLOSURE: Futures trading contains substantial risk, is not for every trader, and only risk capital should be used. Any form of trading, including options, hedging and spreads contains risk. Past performance is not indicative of future results. Margins are subject to change without notice. All promotions are subject to change without notice and void where prohibited.

There is a risk of loss in futures, forex and options trading. There is risk of loss trading futures, forex and options online. Please trade with capital you can afford to lose. Past performance in not necessarily indicative of future results. Nothing in this site is intended to be a recommendation to buy or sell any futures or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. Readers are solely responsible for how they use the information and for their results. Global Futures Exchange & Trading Co., Inc. does not guarantee the accuracy or completeness of the information or any analysis based thereon.

ITTI Systems Trading Risk Disclosure
There is a risk of loss in futures, forex and options trading. There is risk of loss trading futures, forex and options online. Please trade with capital you can afford to lose. Past performance in not necessarily indicative of future results. Nothing in this site is intended to be a recommendation to buy or sell any futures or options market. All information has been obtained from sources, which are believed to be reliable, but accuracy and thoroughness cannot be guaranteed. Readers are solely responsible for how they use the information and for their results. International Technical Trading Institute, LLC does not guarantee the accuracy or completeness of the information or any analysis based thereon.

Hypothetical performance results have many inherent limitation, 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, hypothetical trading does not involve financial risk, and no hypothetical 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 account for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

International Technical Trading Institute, LLC has had little or no experience in trading actual accounts for itself or for customers. Because there are no actual trading results to compare to the hypothetical performance results customers should be particularly wary of placing undue reliance on these hypothetical performance results.

Commission Rule 4.41(c)(1) applies to "any publication, distribution or broadcast of any report, letter, circular, memorandum, publication, writing, advertisement or other literature…." Commission Rule 4.41(b) prohibits any person from presenting the performance of any simulated or hypothetical futures account or futures interest of a CTA, unless the presentation is accompanied by a disclosure statement. The statement describes the limitations of simulated or hypothetical futures trading as a guide to the performance that a CTA is likely to achieve in actual trading.

Additional Risk Disclosure Document for System Traders: Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses. There have been no promises, guarantees or warranties suggesting that any trading will result in a profit or will not result in a loss.