FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday January 14, 2001

Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

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"If a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original. The mistake family is so large that there is always one of them around" -Reminiscences of a Stock operator--

 

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Sunday, January 14, 2001

11:30 AM

                   The Sensational Stock and Bond Markets


March SP500
Nearby
Resistance is at 1334 and 1340 to 1346 and 1353.80…  However a close over 1346 is friendly and augurs for an eventual test of 1361.50 and more likely 1377 to 1383.  A close over 1383 augurs for a test of 1399.  Beyond that a resistance is at 1415 to 1421 and 1429…while a close over 1421 should be friendly and augur for an eventual test of 1437 and 1453 to 1459

 

Nearby Support should appear near 1322 and 1316. Below that support is at 1310 to 1304 and the 1274 to 1268 region….Under that Buyers should appear near 1256 and the 1238 to 1232 region … Traders who Sleep on a Bed of Nails can buy at 1238 and Hold for higher prices..  Initially  plan on Risking a close under 1232 for three Days in a row..

 

Traders should go long if a close over 1340.10 occurs

 

Trade Accordingly and Stay Tuned for Updates

 

Dow Jones Industrial Avg.

Resistance should appear near  10,580 to 10630. An extended trade over 10,630 is friendly and indicates a test of  10,680 then 10,757 Beyond that resistance is at 10,820 and 10,960 to 11,010

 

Nearby Support  is at 10,520 then 10,470. Below that a test of 10,360 and the 10,340 to 10,320 region is likely.

 

March Bonds

Resistance should appear near 103-16 and 104-12 . Beyond that  sellers should appear near 104-26 then 105-09 and the 105-23 region.

 

Support is at 102-20 then 102-02 to 101-28, under that  buyers should appear near the 101-17. Traders can buy at 101-29 and risk a close under 101-17 for three days in a row…

 

The Frenzied Forex Front

 

March Japanese Yen

Support should appear near 8529 under that a test of 8499 to 8484 is likely.. Below that   Buyers should appear near 8406 to 8391 Traders can buy at 8407 and Hold for higher prices… Below that support is at 8315 to 8300 and the 8225 to 8195 region.

 

Resistance should appear near 8560 to 8575 and 8589. A close over 8589 is friendly and augurs for a test of  8668 to 8683.. Beyond that a test of the  8762 to 8777 region is likely.. A close over 8777 is friendly and augurs for a test of 8856 to 8871..

Traders should go long if a close over 8575 occurs..

 

March Euro

Support should appear near 9445 to 9429 then 9383 and the 9347 to 9316 region. Below that support is at 9235 and the 9156 to 9140 region. Traders can buy a pullback at 9160 and risk  a close under 9140 for three days in a row…

 

Resistance is at 9526 to 9542  Beyond that sellers should appear near 9583 and the 9625 to 9641 region … Traders can sell at 9583 for a turn lower, risk a close over  9642 for two days in a row…Above that 9706 to 9737 should cap a rally..

 

Trade Accordingly..

 

March Swiss Franc

Resistance should appear near 6257 to 6270 . Beyond that resistance  should appear near the 6337 to 6350 region where sellers should appear and cap a rally for a bit. Traders can sell at 6337 and hold for lower prices risking a close over 6432 for three days in a row …

 

Support should appear near 6190 to 6165 a slip under augurs for a test of  6139 and eventually the 6113 to 6101 . Below that a test of  6035 to 6023 and the 5957 to 5945 region  is likely where buyers should appear and contain a decline..Traders can buy at 5958 for a bounce and risk a close under 5945 for two days in a row .

 

Traders should go short if a close under 6165 occurs..

 

Stay tuned for Flashes...

March  British Pound
Support
should appear near 1.4716 to 1.4710  Below that 1.4590 to 1.4530 should contain a decline for a bit …

Resistance is at  1.4840, a close over  1.4840  is friendly and augurs for a test of 1.4900 to 1.4960. Beyond that sellers should appear near 1.5112 and 1.5290 to1.5350.

 

Trade accordingly and stay tuned for flashes

 

March Canadian  Dollar
Support
should appear near 6673 to 6659..Traders can buy at 6673 and risk a close under 6659 for three days in a row.  Under that support is at 6623 and the 6591 to 6577 is region.   

Resistance is at 6707, a close over 6707 augurs for a test of  the 6741 to 6755 region,.Above that 6809 to 6836 should cap a rally..

 

Trade Accordingly and Stay tuned for FuturesCom's  Forex Flashes 

 

                                                 Precious Metals

 

April Gold

Support  should appear near the 266.3 Below that support at the 262.0 to 261.2 region should hold.. Traders can buy at 262 and hold for higher prices…

Resistance is at 269.3 and the  271.6 to 272.4 region, a close over 272.4 is friendly and augurs for a test of 275.8 to 277.5.

 

Traders should go long if a close over 272.4 occurs..

 

March  Copper
Support
is at 8405 to 8390 and the 8315 to 8300 region. Traders can buy at 8320 and hold for higher prices.. Below that support is at 8225 to 8190 and should contain a decline…under that 8135 to 8115 bring out buyers from the woodwork

 

Resistance should appear near 8485 to 8500, a close over 8500 is friendly and augurs for a test of 8560 to 8590 and most likely the 8760 to 8775 region… Beyond that a test of 8855 to 8870 and beyond is likely

 

Traders should go long if a close over 8500 occurs..

 

March Silver
Support  remains near 461 Below that buyers should appear near 458.5 to 457
and the 451.5 to 450 region.. Traders can buy at 458.5 and hold for higher prices

Risk  a close under 449 for three days in a row…

 

Resistance is at  464 to 465.5 and the 469.5 to 471.5 region. A close over 471.5 is friendly and augurs for a test of 477.5 to 478.5 and beyond to 484.5 to 485.5

 

Traders should go long if a close over 471.5 occurs.

 

Trade Accordingly and  stay tuned for Flashes

The Exciting Energies

March Crude 
Resistance
is at  2883 and the 2928 to 2937 region, Beyond that sellers should appear near  2972 to 2990, Traders can sell at 2972 for a turn lower and risk a close over 2990 for three days in a row.  Above that resistance is at 3036 to 3045 and the 3092 to 3102 region, which should cap a rally for a bit.  

 

Support is at the 2829 to 2820 and 2775 to 2758, under that buyers should appear near 2725 to 2716 and the 2672 to 2663 region.  Below that 2620 to 2612 should hold for a bit. Under that 2568 to 2552 should bring out buyers ..Traders can buy at 2568 for a bounce and hold for higher  prices. Risk a close under 2552 for three days in a row. Under that buyers should appear near 2519 to 2511 while  2469 to 2461 should contain a sharp decline …

 

Stay Tuned for Updates…

 

March Unleaded Gas
Support
should appear near 8590 to 8565, below that support is at the 8405 to 8390 region. A close under 8390 augurs for a test of 8225 to 8190 and the 8045 to 8025.

 

Resistance is at 8762 to 8777 then 8855 to 8870 and the 9040 to 9060 region.
Beyond that sellers should appear near 9140 to 9160, Traders can sell at 9135 and risk a close over 9160 for three days in a row.

 

 

March Heating Oil

Resistance is at 8115 to 8135, above that sellers should appear near 8300 to 8315 beyond that resistance is at 8484 to 8500..Traders can sell at 8500 and hold for lower prices, risk a close over 8590 for three days in a row  Beyond that sellers should appear near 8760 to 8770 and the 8855 to 8875 region. 

 

Support is near 8045 to 8030, a slip under augurs for a test of 7955 to 7935. Under that 7865 to 7835 offers support… a close under 7835 is negative and augurs for a test of  

7690 to 7675, under that support is at 7515 to 7485 and the 7430 to 7415 region

 

Traders should go short if as close under 8030 occurs

 

 

Stay Tuned for Energy Updates

 

The Grand Grains

March Soybeans

Nearby Support  is at 478 3/4 to 477 1/2. Below that buyers should step in near 471 3/4 to 4691/2 provide support.. Under that support is at  465 to 464 3/4 and the 458 1/4 to 457 region.. Traders can buy at 458 1/4 and hold for higher prices..

 

Nearby Resistance is at 484 3/4 to 485 3/4. an extended trade over 485 3/4 is friendly and augurs for a test of 4911/2 to 492 3/4.. A close over 492 3/4 augurs for an eventual test of 503 3/4 to 506 3/4

 

Traders should go long if a close over 492 3/4 occurs.

 

March Soy Meal
R
esistance 
should appear near 180.8 to 182.2   A close over 182.2 augurs for a test of 185.8 to 186.5 and the 190.2 to 190.9 region.

 

Support is at 173.8 to 1.731. Traders can buy at 173.8 and hold for higher prices . Below that support is at 169.6 to 168.9 and the 165.5 to 164.2 region

 

Traders should go long if a close over 182.2 occurs.

 

March Soybean Oil
Support
is near the 1459  to 1453 region and 1421 to 1415…

Traders can buy at 1421 and hold for higher prices…

 Resistance should appear near the 1496 then 1529 to 1535 and 1569 to1576.  

 

March Corn
Resistance should appear near 221 3/4 to 222 3/4 beyond resistance is at 226 3/4

Support  should appear near 218 1/2 to 217. Below that support is at 213 1/2 to 212 3/4

 

March Wheat

Support  should appear near 285 3/4 and the 282 3/4 to 282 region .. Traders can buy at 283 and hold for higher prices. Risk a close under 275 for three days in a row.

Under that buyers should appear near 277 1/2  to 275 and the 272 1/2 to 271 3/4 region.

 

Resistance is at 292 3/4 to 293 3/4. A close over 293 3/4 is friendly and augurs for a test of 297 1/4 to 299 and more likely the 303 3/4 to 304 1/2 region… if it holds;;   

 

Traders should go long if a close over 293 3/4 occurs.

 

Trade Accordingly and Stay Tuned for Updates in the Grain Markets

 

The Satisfying Softs

March Cotton

Nearby Support should appear near 6100 . Under that buyers should appear near  6035 to 6020..  Traders can buy at 6035 and hold  for the pull…

 

Resistance is at 6255 to 6270 then  6335 to 6350, a close over 6350 is friendly and augurs for a test of 6415 to 6430 .

 

Traders should go long if a close over 6350 occurs.

 

March  Coffee
S
upport
is near 6485  below that buyers should appear near the  6430 to 6415 region , which should hold. Traders can buy at 6435 and hold for higher prices.. Below that Buyers should appear near 6350 to 6335 and the 6270 to 6255 region.  Under that buyers should appear near 6115 to 6100..

 

Resistance should appear near 6575 to 6590 . A close over 6595 is friendly and augurs for a test of 6655 to 6675 and the 6740 to 6755 region..Beyond that a test of 6810 to 6835 and the 6905 to 6920 region is likely..

 

Traders should go long if a close over 6595 occurs

 

March Sugar
Resistance
is at 1032 to 1036 and the 1058 to 1068 region is likely to occur… Above that sellers should appear near 1096 to1101.

 

Support should appear near 1000 and  972 to 968. Under that 941 to 932 offers support. Traders can buy at 972 and risk a close under 932 for two days in a row , under that support should appear near 912 to 907 and the 882 to 877 region.

 

Trade Accordingly

 

March Cocoa
Support
is at 852 to 847 and the 823 to 814 region.  Traders can buy at 852 and risk a close under 814 for three days in a row. Under that 795 to 791 should contain a decline..

 

Resistance is at  877 to 882  Beyond that sellers should appear near the 907 to 912 region..A close over 912 is friendly and augurs for a test of 932 to 941.

 

 

The Lively Livestock

 

Feb Cattle
Support
is near 7937, an extended trade under  7937 is negative and augurs for a test of  7867  to 7837 and the 7777 to 7762 region.

 

Resistance is at the 8020 to 8045 region. .Beyond that sellers should appear near

8117 to 8137 and the 8192 to 8222 region..

 

Traders should go short if a close under 7937 occurs

 

Feb Hogs

Support should appear near 5652 to 5642, a close under 5642 is negative and augurs for a test of 5577 to 5552 and eventually the 5507 to 5492 region Under that buyers should appear near 5432 to 5417..

 

Resistance should appear near 5717 to 5732.. Beyond that sellers should appear near   5792 to 5807 and Cap a rally for a bit   Beyond that resistance is at 5852 to 5882 and the 5942 to 5957 region..

 

Traders should go short if a close under 5642 occurs.

Stay tuned for updates..

 

Feb Bellies

Support is at 6592 to 6577 and the 6512 to 6487 region. Under that buyers should appear near  the 6432 to 6417 region.. A close under 6417 is negative and augurs for a test of 6352 to 6337 and the 6272 to 6257 region. Below that Support is at 6192 to 6162 and the 6037 to 6022 region..

 

Nearby resistance is at 6657 to 6672 and 6742 to 6757.  Beyond sellers should appear near the 6807 to 6837 region. Beyond that resistance should appear near 6907 to 6917 then 6987 to 7002 and the 7072 to 7087 region..  Traders can sell at 7072 and hold for lower prices..  Beyond that 7142 to 7172 should cap a rally..

 

 

Aggressive Traders can go short if a close under 6577 occurs…

 

Stay tuned for Livestock Updates and Flashes 

 

A ship in Harbor is Safe.. But that's not what ships are built for

 

Happy Trading !

Bill 

Sunday January 14, 2001

4:25 PM

 

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.

 

Copyright @ 2001 FuturesCom investment Publications All Rights Reserved

FuturesCom is Not Responsible for electronic or transmission errors.

 

FuturesCom Investment Publications Performance and Positions as of  01-12-2001 

Description of Services
Value of All Programs Combined:
Feb 1997              $    55,000.00  Starting Value

Feb 1998              $   156,863.95  
Feb 1999              $   510,797.05
12-31-1999           $   985,301.15

02-13-2000           $ 1,041,610.45
12-29-2000           $ 1,347,458.70  
01-12-2001           $ 1,469,458.05
-----------------------------------------------------------------------
Premier Service Flashes
Archives :   http://www.futurescom.com/premier.htm        

02-09-1998  Inception Value         $    101,863.95  Inception Value

01-01-2000   Value                         $    741,034.25 

02-24-2000  Value                          $    786,154.75 

12-29-2000 Value                           $ 1,018,532.80 

01-12-2001 Value                           $ 1,090,096.50

                   

Recommended Open Positions as of 1-12-2001
Est. Margin Required $ 225,000  (25 % of Market Value)

 

Long 5  March Silver 460
Long 4 Dec SP500 1328 avg   

Long 5 Feb Gold 273.4

Long 5 March Soybeans 498 1/2

Long 15 March Yen 8776 avg

Long 5 March Dow 10930

Short 20 Feb Hogs 5630 avg
Short 8 Feb Bellies 6582
Long 5 March Copper 8275

 

Bi Weekly Investment Outlook(BW)

Archives:  http://www.futurescom.com/bwparc.htm
02-13-2000 Value                              $ 55,000.00 tracking year starting value

08-18-2000 Value                              $ 70,417.90  6 month

12-29-2000 Value                              $ 77,577.80
01-12-2000 Value                              $ 84,333.45
Tracking Year to Date                   + $ 29,333.45   + 53.5 %

 

Recommended Open positions as of 1-12-2001
est. Margin Req $6500.00 ( 8 % of market Value)

Long March Soybeans 506 3/4
Long March Corn 227 3/4

Short Feb Bellies 6427

Short Feb Hogs 5600
Long March British Pound 1.4840

 

Morning Comments ( MC )        

Archives : http://www.futurescom.com/mcper00.html
02-13-2000 Value                              $  50,000.00  tracking year starting value
12-29-2000 Value                              $  53,597.40
01-12-2001 Value                              $  65,702.40

Gain  Tracking Year to Date            $  15,702.40  +30 %  

Recommended Open positions as of 1-12-2001 

None

 -------------------------------------------------------------------

Index Program   
Archives: http://www.futurescom.com/indexfl.htm

02-13-2000 Inception Value        $ 150,455.70

12-29-2000 Value                         $ 197,750.70
01-11-2001 Value                         $  229,325.70
 Gains Tracking Year to Date     $    78,870.00    + 52 %

Recommended Open positions as of 01-12-2001 
NONE

-------------------------------------------------------------------------------------------

Material Assumptions:
FuturesCom’s Tracking Begins and Ends during February.
Starting  Value was established at $55,000 for BW in Feb. 12 1997 and each year there after.  Gains from the Bi-Weekly Investment Outlook(BW) during 1997 funded the Premier Service in 1998. Gains from the BW in 1998 funded the Morning Comments (MC) in 1999. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Each trade is derived from FuturesCom's Bi-Weekly Investment  Outlooks, Morning Comments, Index Flashes , Premier Flashes and updates that pertain to the same. The slippage and fees are computed at $ 50.00 per round turn trade, and charged upon exit. Prices are derived from Entry and exits of related Futures Contracts.  Updates of trade results are periodically made to http://www.futurescom.com

 

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, 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 ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET 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.

 

Copyright @ 2001 FuturesCom investment Publications All Rights Reserved

FuturesCom is Not Responsible for electronic or transmission errors.