FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday May 20th, 2001
Socio Economics, Stock Index Futures: Nasdaq - SP500 - Dow Jones Industrial Avg.
Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Index Flashes Morning Comments Special Reports
7690 Rockport Circle, Lake Worth Florida 33467, Tel: 1- 561-433-2995 http://www.futurescom.com
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"Among the hazards of speculation the happening of the unexpected -I might even say the unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"
--Reminiscences of a Stock Operator--
Sun May 20th, 2001
4:30 AM
Recommended Open Positions are at the end of the letter, Stay tuned for Flashes and Updates.
The Sensational Stock and Bond Markets
June SP500
Nearby Resistance is at 1304 to 1307 and 1310… A close over 1310 is friendly and augurs for a test of 1322 and eventually the 1334 to1346 region. Beyond that a trade towards 1361.50 and the 1377 to 1383 region is likely.. if it holds..
Nearby Support should appear near 1289 then 1274 and 1271 to 1268 , under that buyers should appear near 1260.50 and 1253 , which should hold basis the close.. Traders can buy at 1260.70 for a good bounce and hold for higher prices… …Below that the 1238 to 1232 region should contain a decline ..Under that support is at 1217.50 and 1203 to 1192.. .
Aggressive Traders should go long if a close over 1310 occurs.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Nearby Resistance should appear near 11,330 to 11,360 region. Beyond that a test of 11,500 is likely.. a close over 11,500 is friendly and augurs for a test of 11,640 to 11,690.
Support is at 11,255 then 11,155 under that support should appear near 11,010 to 10,960 and 10,820 , below that buyers should appear near 10,757 and the 10,680 to 10,630 region .Under that support is at 10,580.
June Bonds
Resistance should appear near 101-07 and 101-23 to 101-26 region. Above that resistance is at 102-17 and the 103-07 region.
Support is at 100-07 under that buyers should appear near 99-22 then 99-07 and the 98-22 to 98-17 region.
The Frenzied Forex Front
Support should appear near 8084 and the 8044 to 8029 region . Below that buyers should appear near the 7954 to 7939.region. Below that support is at 7865 to 7835, which should contain a decline..
Nearby Resistance should appear near the 8119 to 8134 region. A close over 8134 is friendly and augurs for a test 8194 to 8223 and eventually the 8300 to 8314 region..
BW Traders should go long if a close over 8134 occurs..
Nearby Support should appear near 8777 to 8762 .. A close under 8762 augurs for a test of 8683 to 8668.. Under that buyers should appear near the 8589 to 8560 region...
Nearby Resistance is at the 8816 and the 8856 to 8871 region.. Traders can sell at 8816 and risk a close over 8871 for three days in a row.. . Beyond that sellers should appear near 8901 and the 8934 to 8964 region..Above that 9001 and the 9040 to 9060 offer resistance and should cap a rally.. .
Traders can go short if a close under 8762 occurs..
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near 5767 and 5792 to 5805, Traders can sell at 5765 and risk a close over 5805 for three days in a row. Beyond that resistance is at 5830 and the 5855 to 5880 region. Above that sellers should appear near 5945 to 5957…
Support should appear near 5729 to 5716 region where buyers should appear… A close under 5716 is negative and augurs for a test of the 5653 to 5640 region .Below that buyers should appear near the 5577 to 5553 region Stay tuned for Flashes...
Aggressive Traders can go short if a close under 5716 occurs..
June British Pound
Support should appear near 1.4336 then 1.4292 and the 1.4210 to 1.4150 region, which should contain a decline for a bit Failure there augurs for an eventual test of 1.3990..
Traders can buy at 1.3992 and hold for higher prices.. Below that 1.3830 to 1.3770 should contain a decline..
Resistance is at 1.4442, beyond that sellers should appear near 1.4530 to 1.4590. Traders can sell at 1.4550 for a turn lower and risk a close over 1.4590 for three days in a row.. Beyond that sellers should appear near 1.4714 and the 1.4840 to 1.4960 region.
Trade accordingly and stay tuned for flashes
June Canadian Dollar
Support should appear near the 6509 to 6496 and 6482... Under that support should appear near 6456 and the 6430 to 6417 region. Under that 6350 to 6337 should hold…
Nearby Resistance is at 6543...A close over 6543 augurs for a test of 6577 to 6591 and eventually the 6659 to 6672 region… Traders can sell at 6659 for a turn lower and risk a close over 6762 for three days in a row
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
June Gold
Nearby Support should appear near 282.9 to 282 and the 277.5 to 275.8 region ..Traders can buy at 277.5 and hold for higher prices… Below that 272.4 to 271.6 should contain a decline for a bit.. Under that support is at 267.20 to 266.3.
Resistance is at 292.8 and 293.3 However a close over 293.3 is friendly and augurs for a test of 297.2 to 299 and the 303.6 to 304.5 region. Beyond that sellers should appear near 309.2 to 310.2 and the 314.8 to 315.7 region.
Traders should go long If a close over 293.3 occurs.
July Copper
Support is at 7780 to 7765 and the 7690 to 7675 region. Under that support is at 7515 to 7485 and the 7430 to 7415 region..Below that buyers should appear near 7345 to 7325 and contain a decline.. ..
Resistance should appear near 7935 to 7955 and the 8025 to 8045 region…Beyond that
a trade towards 8115 to 8135 is likely… Above that sellers should appear near 8195 to 8225 and cap a rally for a bit.. Beyond that a test of 8300 to 8315 is likely to occur..
July Silver
Support should appear near 451.5 to 450.5 and 444 .5 to 442.5 Traders can buy at 452 and risk a close under 441 for three days in a row.. Under that support is at 438 to 437 and 431.5 to 430.5 , under that 425 to 423.5 should hold.
Resistance is at 463.5 to 465. A close over 465 is friendly and augurs for a test of 469 to 471.5 and beyond to 477 to 478.5 Above that a test of 484 to 485.5 is likely..
Traders should go long if a close over 458.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
July Crude
Nearby Resistance is at 3036 to 3045..Above that resistance is at 3092 to 3102 and the 3148 to 3157 region. Beyond that sellers should appear near 3194 to 3213 and cap a rally.. Traders can sell at 3192 and hold for lower prices.. Risk a close over 3215 for three days
in a row. Beyond that Resistance is at 3319 to 3328..
Support is at 2980 to 2972 , a close under augurs for a test of 22937 to 2928 and eventually the 2880 to 2874 region Under that buyers should appear near 2829 to 2820. Traders can buy at 2829 for a bounce and risk a close under 2820 for three days in a row ..Below that support near 2775 to 2758 and the 2724 to 2716 region..
Aggressive traders can go short if a close under 2972 occurs..
Stay Tuned for Updates…
July Unleaded Gas
Support should appear near 9835 to 9820 and 9740 to 9705, a close under augurs for a test of 9640 to 9625 and eventually the 9545 to 9520 region. Under that a trade towards 9345 is likely.
Resistance is at 9920 to 9935 and the 1000 to 10050 region Beyond that resistance should appear near 10320 to 10360 and 10470 and the 10580 to 10680 region.. Traders can sell at 10580 and hold for lower prices.. Risk a close over 10680 for three days in a row..
July Heating Oil
Resistance is at 8045 then 8195 to 8225 and the 8300 to 8315 region. Beyond that sellers should appear near 8390 to 8405 and the 8480 to 8510 region.
Support is near 7955 to 7935.. a close under 7935 is negative and augurs for a test of 7865 to 7835 and the 7780 to 7765 region. Below that support is at 7690 to 7675. Under that a test of 7605 to 7580 is likely ..
Stay Tuned for Energy Updates
The Grand Grains
Resistance is at 450 1/2 to 451 1/2 and the 457 1/4 to 458 1/2 region. Beyond that a test of 463 1/2 to 465 and eventually 469 to 471 1/2 is likely
Traders should go long if a close over 451 1/2 occurs..
July Soy Meal
Resistance should appear near 164.2 to 165.5 .. A close over 165.5 is friendly and augurs for a test of 168.9 to 169.6 and the 173.1 to 173.8 region.
Support is at 161.5 to 160.9 and the 157.6 to 156.9 region. Traders can buy at 157.70 and hold for higher prices.. Under that support is at 153.5 to 152.9
July Soybean Oil
Support is near the 1459 to 1453 region. Under that support is at 1421 to 1415, while 1383 to 1377 should contain a decline…
Resistance should appear near 1484 to 1496, a close over 1496 is friendly and augurs for a test of 1529 to 1535 and the 1569 to 1576 region. Beyond that sellers should appear near 1609 to 1615.
July Corn
Resistance should appear near 203 1/2 to 204 1/4 , a close over 204 1/2 augurs for a test of 208 to 208 3/4 and the 212 3/4 to 213 1/2 region.
Support should appear near 198 1/4 under that support is at 195 3/4 to 194 3/4 .. Below that 191 to 190 3/4 should hold..
Traders should go long If a close over 204 1/4 occurs.
July Wheat
Support should appear near 271 3/4 .. Under that support is at .267 1/4 to 266 1/2
and 262 to 261 1/2.. Traders can buy at 266 3/4 and risk a close under 261 1/2 for three days in a row.. Below that buyers should appear near 256 3/4 to 255 1/4..
Resistance is at 275 1/2 to 277 3/4, a close over is friendly and augurs for a test of 282 to 282 3/4 and 287 1/2 to 288 1/4. Beyond that a test of 292 3/43 to 293 3/4 is likely..
Traders should go long if a close over 272 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
July Cotton
Nearby Support should appear near 4380 to 4370 then 4315 to 4305 and the 4250 to 4235 region.. Below that buyers should appear near 4165 to 4185 and the 4120 to 4110 region.. Traders can buy at 4120 for turn higher, risk a close under 4045 for three days in a row.
Resistance is at 4425 to 4445, an extended trade over augurs for a test of 4505 to 4515 and the 4570 to 4585 region..A close over 4585 is friendly and augurs for a test of 4635 to 4650 and eventually the 4695 to 4720 region
Aggressive Traders can go long if a close over 4445 occurs..
July Coffee
Support is near 6590 to 6570 and 6510 to 6485. Below that buyers should appear near 6430 to 6415 and the 6350 to 6335 region. Traders can buy at 6435 for a turn higher, risk a close under 6335 for three days in a row.. Below that 6270 to 6255 should contain a decline for a bit..Under support should appear near 6190 to 6165 and the 6115 to 6100 region.
Resistance should appear near 6655 to 6670, a close over 6670 augurs for a test of 6740 to 6755 and the 6810 to 6835 region.. .An extended trade over 6835 indicates a trade towards 6910 to 6920 and the 6990 to 7005 region Above that resistance is near
7145 to 7170
Traders should go long if a close over 6670 occurs
July Sugar
Resistance should appear near 907 to 912 and the 932 to 941 region. Traders can sell at 907 and risk a close over 941 for three days in a row… Beyond that 968 to 972 should a
cap a rally for a bit..
Support should appear near 882 to 877, a close under augurs for a test of 852 to 847 and 835 which should contain a decline for a bit…under that support is at 823 to 814 Traders can buy at 824 and risk a close under 814 for two days in a row.
July Cocoa
Support is at 1101 to 1096 and 1068 to 1058.. Traders can buy at 1083 and risk a close under 1058 for three days in a row. under that support should appear near 1036 to 1032 and should contain a decline basis the close .
Resistance should appear near 1130 to 1136 and 1164 to 1169. a close over 1169 is friendly and augurs for a test of 1192 to 1203 and the 1232 to 1238 region..Above that resistance at 1268 to 1274 should cap a rally for a bit Traders can go short for a turn lower at 1268 , risk a
close over 1310 for three days in a row.
Traders should go long if a close over 1115 occurs.
June Cattle
Support is near 7172 to 7142 and the 7087 to 7072, under that support is at 7002 to 6992 and the 6922 to 6912 region…
Resistance is at 7242 to 7257 and the 7327 to 7342 region. Beyond that sellers should appear near 7412 to 7427... Above that 7487 to 7512 should cap a rally…
June Hogs
Support is at 6757 to 6742 and 6672 to 6657 . A slip under augurs for a test of 6592 to 6572. Under that support is at 6512 to 6487 Below that Buyers should appear near 6432 to 6417
Under that 6357 to 6332 should hold.
Resistance is at 6907 to 6922 an extended trade over augurs for a test of the 6987 to 7002 region.. A close over 7002 is friendly and augurs for a test of 7072 to 7087 and eventually the 7142 to 7172 region. Beyond that a test of 7242 to 7257 is likely.
Trade Accordingly and stay tuned for updates
July Hogs
Support is at 6487 below that Buyers should appear near 6432 to 6417 and the 6357 to 6332 region. …Traders can buy at 6437 for a turn higher , risk a close under 6417 for three days in a row.. Under that 6272 to 6257 should contain a decline for bit…Below that buyers should appear near 6192 to 6167 and 6112 to 6102. ..
Resistance is at 6577 to 6592, close over 6592 is friendly and augurs for a test of 6657 to 6672 and eventually the 6742 to 6757 region …Above that sellers should appear near the 6807 to 6837 region..
Traders should go long if a close over 6592 occurs.
Support is at 7777 to 7762 and the 7687 to 7672 region. Below that buyers should appear near 7607 to 7587 and the 7512 to 7487 region..Below that support is at 7427 to 7412 and the 7342 to 7327 region..
Nearby resistance is at 7937 to 7957, a close over is friendly and indicates a test of the 8025 to 8045 region.. Beyond that an eventual trade towards 8192 to 8227 is likely.. Above that resistance should appear near 8297 to 8317 , while a close over 8317 augurs for a test of 8392 to 8407 and the 8487 to 8502 region..
Stay tuned for Livestock Updates and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Sunday May 20, 2001
10:00 AM
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.
FuturesCom Investment Publications Positions and Performance: as of 5-18-2001
Value of All Programs Combined:
Feb 1997 $ 55,000.00 Beginning Tracking Value.
Feb 1998 $ 156,863.95
Feb 1999 $ 510,797.05
Feb 2000 $ 1,041,610.45
Feb 2001 $ 1,306,413.50
April 20,2001 $ 1,481,030.75
May 04,2001 $ 1,557,215.15
May 18,2001 $ 1,619,439.95
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95
Feb 1999 $ 404,088.95
Feb 2000 $ 786,154.75
Feb 2001 $ 986,850.25
April 20,2001 $ 1,068,567.75
May 04, 2001 $ 1,129,611.50
May 18,2001 $ 1,172,555.25
Recommended Open Positions as of 5-18-2001
Long 5 July Silver 448
Long 10 July Hogs 6590 avg
Long 10 July Wheat 281 3/4
Long 10 June Yen 8184 avg
Long 5 July Coffee 6585
Long 10 July Soybeans 442 avg
Long 2 June SP500 1253.50
Short 5 June EC 8736
Long 5 July Soymeal 163.5
Index Program
Archives: http://www.futurescom.com/index01.htm
02-23-2000 Inception Value $ 150,455.70
03-09-2001 Value $ 190,850.70
04-20-2001 Value $ 254,750.70
05-04-2001 Value $ 263,775.70
05-18-2001 Value $ 272,225.70
Recommended Open position as of 05-18-2001:
Long June SP500 1289
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
02-11-2001 Value $ 55,000.00 (tracking year starting value)
04-20-2001 $ 60,898.50
05-04-2001 $ 63,777.90
05-18-2001 current $ 70,653.70
Recommended Open positions as of 5-18-2001:
Short July Crude Oil 2919
Long June Hogs 6852
Long June Canadian Dollar 6497
Long July Wheat 278 1/2
Long 2 July coffee 6665 avg
Short June Heating Oil 7960
Long July Beans 443 1/4
Long June Yen 8180
Long July Copper 7875
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Morning Comments ( MC) Day Trades
Archives : http://www.futurescom.com/mcper01.html
02-11-2000 Value $ 50,000.00 (tracking year starting value)
04-20-2001 $ 73,101.25
05-04-2001 $ 76,337.75
05-18-2991 current $ 80,292.75
Recommended Open positions as of 5-18-2001: NONE
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Set Aside:
2000 BW & MC Gains $ 23,712.55
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Material Assumptions:
BW 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. MC tracking Begins and Ends in Feb. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Gains from BW and MC for year 2000 were set aside..
Premier and Index programs tracking year Begins and ends during Late Feb to Early March. 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.
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