FuturesCom
Investment Publications
Dedicated to Excellence in Analysis
of Futures Markets
Bi-Weekly Investment Outlook (BW)
Sunday July 09, 2000
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock..
Softs
7690 Rockport Circle Lake Worth Florida 33467 Voice 561-433-2995 Fax 561-433-9243 http://www.futurescom.com
Courage in a Speculator is merely confidence to act on the decision of his mind
Sunday
July 09, 2000
4:00
AM
The Sensational Stock and
Bond Markets
Sept
SP500
Resistance is
near1496. Beyond that sellers should appear near 1496. A close over 1996 is
friendly and augurs for a test of 1509.20 to 1512.5 then 1517.70 and the 1529
to 1535 region
Support
is at 1490 then 1484. Below that buyers should appear near 1480.80 to
1478.20 Under that buyers should
appear near 1471.5. BW Traders can buy
at 1471.7 and hold for higher prices.. Below that support should appear near
1468 then 1461.50 to 1459 and the 1456 to 1453 region..
Aggressive BW Traders should go long if close over
1496.00 occurs.
Stay
Tuned for Updates
Trade
Accordingly..
Sept mini - NASDAQ 100
Nearby Support is
at 3867 to 3858 under that support is at 3832 to 3821 and the 3806 to 3795
region. Traders can buy at 3832 and
hold for higher prices.. Under that buyers should appear near 3743 to 3736 , which should stop a decline for a bit,
basis the close. Below that buyers should surface near 3682 to 3663 and the
3623 to 3613 region.
Nearby Resistance remains
near the 3909 to 3929 region where sellers should appear and cap a rally for a bit.
Beyond that a test of 3982 to 3992 is likely. A close over 3992 is friendly and augurs for a test of 4046 to 4056 and
beyond towards the 4096 to 4120 region is likely. Above that 4163 to 4183 offers resistance
Dow
Jones Industrial Avg.
Resistance
should appear near 10,680 . A close over 10,680 is friendly and augurs for an eventual test of
10,757 then 10,830. Beyond that resistance is at 10,880 and the 10,960 to
10,985 region
Support should appear near 10,630 then 10,580. Under that 10,510 to 10,475
should contain a decline. Under that
support should appear near 10,410 then 10,360 to 10,320.
Cash NASDAQ
Resistance is 4046 to 4056 and
4110 to 4120 Beyond that a test of the 4163 to 4183 region is likely to occur.
Above that resistance is near 4238 to 4249 then 4304 to 4315.
Support should appear
near 3992 to 3982 . Under that buyers
should be evident at 3929 to 3909 and the 3868 to 3857 region Below that support is at 3806 to 3795 which
should contain a decline for a bit. Below that buyers should appear near 3743
to 3736.
Trade Accordingly
Sept Bonds
Support should appear
near 97-08 then 96-28 . Traders can buy at 96-29 for a good turn higher, risk a
close under 96-07 for 2 days in a row.
Under that 95-26 to 95-18 should contain a decline. Below that Buyers should
appear near 95-04 and the 94-26 to 94-18 region.
Resistance is
at 97-22 then 98-07 to 98-11 , which
should cap a rally for, a bit..
A close over 98-16 is friendly and augurs for a test of 99-22.
The Frenzied Forex Front
Support should appear
near 9377 under that buyers should appear near 9435 to 9316.
Aggressive
trades can buy at 9348 for a bounce,
initially plan on risking a close under
9316 for two days in a row. Below that
support should appear near 9264 to 9235. Under that 9156 to 9140 should contain
a decline for a bit.
Resistance should
appear near 9417 and the 9429 to 9445
region.. A close over 9445 is friendly and augurs for a test of 9477 then 9526
to 9542. Beyond that sellers should appear near 9577 to 9583 and the 9625 to
9641 region.
Traders should go
long if a close over 9429 occurs.
Trade Accordingly and Stay Tuned for Flashes and Updates
Resistance should
appear near 6190. Traders can sell at 6190 for a turn lower, risk a close over
6228 for three days in a row. Above
that resistance should appear near 6257 to 6270.
Support should appear
near 6165 to 6158. A close under 6165 augurs for a test of 6139 then 6139 and
most likely the 6113 to 6101 region.. under that buyers should appear near 6080
to 6077
Traders should go
short if a close under 6165 occurs.
Stay tuned for Flashes...
Sept British Pound
Support should appear
near 1.5124.. Traders can buy at 1.5126 and risk a close under 1.5056 for three
days in a row.. Under that support is at 1.5058 and the 1.4960 to 1.4900 region below that support is at 1.4840
and 1.4714.
Resistance is
at 1.5290 to 1.5350 then 1.5520 , beyond that sellers should appear near then
1.5690 to 1.5760 region.. Traders can sell at 1.5690 and hold for lower
prices..
Trade Accordingly and stay tuned for Flashes.
Sept Canadian Dollar
Nearby
Support is at 6755 to 6741
then 6707 . Traders can buy at 6755 for a turn higher, risk a close under 6741
for three days in a row. Under that buyers should appear near 6673 to 6659.
Resistance is
at 6782 then 6836 to 6845.. Beyond that
sellers should appear near the 6858 to 6871reigion
Trade Accordingly and
Stay tuned for FuturesCom's Forex
flashes
Precious
Metals
Aug Gold
Support is at282.8 to 282.1 and the 280.10 to 279.70 region. Traders can buy at 280.10 for a turn higher
, risk a close under 279.70 for three days in a row.
Resistance is at 285.2 to 286.1 a close over 285.3 is friendly and augurs for
a test of 287.4 to 288.3 Above that
sellers should appear near 290.1 and the 292.8 to 293.7 region.
Sept Copper
Support is at 8135 to
8115 under that support is at 8045 to 8025. Below that support is at 7955 to
7930.. Traders can buy at 8120 for a turn higher , risk a close under 7930 for
3 days in a row. Under that buyers
should appear near 7865 to 7835.
Resistance should
appear near 8165 and 8195 to 8225.. A close over 8165 is friendly and augurs
for a test of the 8300 to 8315 region. Above that a test of 8390 to
8405 is likely.
Traders should go
long if a close over 8165 occurs.
Sept Silver
Support should appear
at 499.5 to 497.. Under that buyers should appear near 492.5 to 491.5, which
should contain a decline basis the close for, a bit. Below that buyers should
appear near 486 to 484.5. Traders can buy at 486 and hold for higher prices…
Risk a close under 484.5 for three days in a row.
Resistance is at 504 to 506.5. A close over
506.5 is friendly and augurs for a test
of 520 to 521.5 then 525.5 to 528.5 region and eventually the 534 to 536 region…
if it holds
Traders should go long if a close over 506.5 occurs
Stay tuned for Flashes
The Exciting Energies
Aug Crude
Resistance is
at 3036 to 3045. Beyond sellers should appear near 3072 and the 3092 to 3102 region. Traders can sell at
3071 and risk a close over 3102 for three days in a row. Above that resistance is at 3148 to 3157 and
the 3194 to 3202 region and 3213 . Beyond that sellers should appear near 3261
to 3270.
Trade Accordingly
Aug Unleaded Gas
Support should appear near 9235 and 9156 to 9140..Under that buyers
should appear near 9060 to 9040 and the 8965 to 8935 region. Below that 8871 to 8856 offers support. Under that 8775 to 8760 should hold for a
bit. Under that buyers should appear near 8685 to 8650 .. Aggressive traders
can buy at 8670 and hold for higher prices.
Resistance should appear near 9316 to 9345 beyond that 9425 to 9445
should cap an early rally for a bit..
High Risk traders can sell at 9425 and hold for lower prices. Above that
resistance should appear near 9526 to
9542. Above that sellers should appear near 9625 to 9640 and the 9705 to 9735
region. Beyond that 9835 to 9875 should cap rally.
Aug Heating Oil
Resistance is at 7949 to 7955 and the 8030 to 8045 region. Traders can sell at 8020 and risk a close over 8045 for two days
in a row. Above that sellers should
appear near 8120 to 8135 and the 8300 to 8315 region. Beyond that resistance should appear near 8390 to 8405.
Support is near 7865
to 7835 and the 7777 to 7763 region. A close under 7763 is negative and augurs
for a test of 7690 to 7675 then 7600 to 7580 and the 7515 to 7480 region ,
which should contain a decline over the near term…Traders can buy at 7505 for a
bounce ,risk a close under 7410 for two days in a row. Below that Support
should appear near 7345 to 7325..
Stay Tuned for Energy Updates
The Grand Grains
Support should appear
near 465 to 463 3/4 then 458 1/2 to 457. A close under 457 is negative and
augurs for a test of 451 1/2 to 450 3/4.. Under that 439 to 437 should hold.
Resistance is
at 469 1/2 to 471 1/2 and the 477 1/2 to 479 region. A close over 478 3/4 is
Friendly and augurs for a test of 484 to 486. Beyond that a test of the 491 to
497 region is likely.
Traders should go
long if a close over 471 3/4 occurs.
Dec Soybean Meal
Support should appear near 149.6 to 148.4 and the
145.9 to 145.3 region . Under that
142.1 to 141.5 should
hold. Traders can buy at 145.90 and hold for higher prices. Risk a close under
145.3 for three days in a row.
Resistance is
at 152.9 153.5, a close over 153.5 is friendly and augurs for a test of 156.9
to 157.6. Beyond that resistance is at 159.2 and 160.9 to 161.5
Dec SoyBean Oil
Support is near 1642. Under that support is at 1615 to 1609
and the
1576 to 1569 region
Resistance should
appear near 1655 and 1672 then 1689 to
1696 and 1731 to 1738
Dec Corn
Resistance should appear near 203 1/2 to 204 14 and 208 to 209 1/2..
Beyond that a test of 212 1/2 to 213 3/4 is likely.
Support should
appear 199 3/4 to 198 1/2 under that buyers should appear near 195 1/2 to 194
1/2 and the 190 3/4 to 190 1/2 region.
Sep Wheat
Support is at 251 3/4 to 249 under that support is at 247 to 246
1/4. Traders can buy at
249 1/4 and risk a close under 245 3/4 for two days in a
row.
Resistance is at 255 1/2 to 256 3/4, a close over 256 3/4 is friendly
and augurs for a test of 261 1/2 to 262 beyond that a test of the 266 1/4 to
267 1/2 region is likely
Trade Accordingly and Stay Tuned for Updates in the Grain
Markets
Dec Cotton
Support should appear near 5730 and 5715 to 5705 . Below that buyers
should appear near 5655 to 5640 and the 5575 to 5545 region. Traders can buy at
5655 and hold for higher prices..Under that 5505 to 5490 should hold.
Resistance is at 5792 to 5805 beyond that resistance is at 5845 to 5865
then 5880. A close over 5880 is
friendly and augurs for a test of 5945
to 5955 and eventually the 6020 to 6035 region.
Trade
Accordingly
Sept Coffee
Support is at 8225 to
8190..Below that support should appear near 8160 and 8045 to 8030 under that
buyers should appear near the 7955 to 7935 region. Below that 7775 to 7760 should hold.
Resistance should
appear near 8390 to 8405, a close over 8410 is friendly and augurs for a test
of 8760 to 8775. Above a test of 8855 is likely.
Oct Sugar
Support is at 854 to 847 then
823 to 814. Below that support should
appear near 795.
Resistance is at 877 to 882, Beyond that sellers should appear near 907
to 912 and 922
Sept Cocoa
Resistance is at 852 and the 877
to 882 region.
Support is at 847 and 839 to 835 under that buyers should appear
near 823 to 814.
Aug Cattle
Support is near 6717. Traders
can buy at 6717 and hold for higher prices under that support is at 6672 to
6657. Below that support is at 6627 and the 6592 to 6577 region.
Resistance is
at 6742 to 6757, a close over 6757 is friendly and indicates a test of 6807 and
the 6822 to 6837 region. Beyond that resistance should appear near 6922,
traders can sell at 6922 and hold for lower prices.
Resistance should
appear near 7072 to 7087. Beyond that sellers should appear near 7142 to 7172,
Traders can sell at 7142 for a turn lower, risk a close over 7277 for three
days in a row.
Support should appear near 7037 and the 7002 to 6987 region, below
that support is at 6922 to 6912 and
6877 under that the 6837 to 6807 region should hold
Support is a 8967 to
8932 and 8872 then 8872 to 8857. Below that support is at 8777 to 8762 Under that buyers should appear near the 8682 to 8667 region.
Below that 8587 to 8557 should contain a decline.
Resistance is at 9037 to 9062 and the 9137 to 9157 region. Where sellers
should appear, beyond that a test of
9237 is likely. Above that resistance is at 9317 to 9347. Above that sellers
should appear near the 9427 to 9442
region
Stay tuned for Livestock Updates.
A ship in Harbor is Safe.. But that's not what ships are
built for.
Happy Trading
Sunday July 9 ,2000
3: 35 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 IS 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 @ 2000 FuturesCom investment Publications All
Rights Reserved
FuturesCom is Not Responsible for electronic or transmission
errors.
FuturesCom Investment Publications
Value as of 7-7 $84,512.30
BW Recommended Open positions : None
Archives: http://www.futurescom.com/bwparc.htm
BW Recommended open positions: None
2-13-2000 Value $ 55,000.00 tracking year starting
value
2-27-2000 Value $
59,066.80
3-12-2000 Value $ 63,730.30
3-24-2000 Value $ 69,409.10
4-07-2000 Value $ 62,140.20
4-20-2000 Value $ 73,984.10
5-05-2000 Value $ 65,494.15
5-20-2000
Value $
71,574.35
6-02-2000 Value $ 84,691.80
6-16-2000 Value $ 84,965.55
7-07-2000 Value $ 84,512.30
Morning Comments ( MC )
Value as of 7-7 $63,123.65
Recommended open positions : None
Archives : http://www.futurescom.com/mcper00.html
2-13-2000 Value $ 50,000.00 tracking year starting value
2-27-2000 Value $ 55,716.25
3-12-2000 Value $ 63,826.25
3-24-2000 Value $ 52,361.25
4-07-2000 Value $ 55,572.50
4-20-2000 Value $ 55,845.00
5-05-2000 Value $ 58,606.40
5-20-2000 value $ 55,900.15
6-02-2000 Value $ 55,538.65
6-16-2000 Value $ 56,723.65
7-07-2000 Value $ 63,123.65
-------------------------------------------------------------------
http://www.futurescom.com/indexfl.htm
Recommended Open positions and Value
Value as of 7-07 $ 212,450.70
Open Index Positions :
Long 1 Sept SP500 1494.50 avg
Long 2 Sept Dow 10640
2-13-2000 Value $ 150,455.70 Tracking year starting value
2-24-2000 Value $ 158,205.70
3-12-2000 Value $ 167,205.70
3-24-2000 Value $ 135,355.70
4-07-2000 Value $ 158,305.70
4-20-2000 Value $ 159.005.70
5-05-2000 Value $ 161,480.70
5-20-2000 Value $ 177,605.70
6-02-2000 Value $ 196,540.70
6-16-2000 Value $ 201,000.70
7-07-2000 current Value $
212,4540.70
-------------------------------------------------------------------
Premier Service
Value as of 7-07-2000 $ 906,504.50
Archives : http://www.futurescom.com/premier.htm
2-09-1998 Value $
101,863.95 Inception Value
* 2-23-1999 Value $ 404,088.95 * 1999 Tracking year begins
Jan 1-2000 Value $ 741,034.25
1-13-2000 Value $ 776,191.75
1-27-2000 Value $ 769,104.25
2-13-2000 Value $ 803,392.25
*2-24-2000 Value $ 786,154.75 * 2000 Tracking
year begins
3-12-2000 Value $ 821,000.25
3-24-2000 Value $ 771,287.75
4-07-2000 Value $ 841,609.25
4-20-2000 Value $ 868,714.25
5-05-2000 Value $ 901,741.25
5-20-2000 Value $ 895,394.25
6-02-2000 Value $ 919,360.15
6-16-2000 Value $ 906,058.25
7-07-2000 Current Value $ 906,504.50
Recommended Positions :
Long 4 Aug
Bean 532
Long 4 Dec
Cotton 6025
Long 4 Sept
Coffee at 9270 avg
Short 4 Aug Crude 3001
Long 5 Sept SP500 1473 Avg.
Long 2 Sept e-NDU 3965
-------------------------------------------------------------------------------------------
Combined Value of All Programs : 1,266,591.15
Starting Value Feb 1997 $
55,000.00 (BW only)
Combined Value Feb 1998 $ 156,863.95 (BW Only)
Combined Value Feb 1999 $ 510,797.05 (BW and Premier only)
Combined Value 12-31-1999 $ 985,301.15 (BW, MC,
Premier)
Combined Value Feb 2000* $ 1,041,610.45 ( BW, MC, Premier)
*Tracking Year Begins: Feb 13 ,2000 for BW, MC &
Index. Feb 24 for Premier
Index program is new for yr. 2000
Combined Value Feb 27, 2000 $ 1,057,161.35
Combined Value March 12, 2000 $ 1,115,762.50
Combined Value March 24 ,2000 $ 1,028,413.80
Combined Value April 9, 2000 $ 1,117,627.65
Combined Value April , 20 2000 $ 1,157,549.05
Combined value May 05, 2000 $ 1,187,322.50
Combined Value May 20, 2000 $ 1,200.474.45
Combined Value June 2, 2000 $ 1,255,931.30
Combined Value June 16, 2000 $ 1,248,748.15
Current Combined Value July 7,2000 $
1,266,591.15
--------------------------------------------------------------------------------------------------------
Material Assumptions:
FuturesCom’s Tracking Begins and Ends during February . Starting Value
was established at $55,000 Feb. 12 1997.
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.
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 @
2000 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or
transmission errors.