FuturesCom Investment Publications
Bi-Weekly Investment Outlook, September 17, 2000

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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.  FuturesCom’s Bookstore

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Sunday, September 17, 2000

9:00 AM
*we have added  links to daily charts as of Friday for the Bi-Weekly, just Click the hyperlink.

 

 

                   The Sensational Stock and Bond Markets


Dec SP500
Resistance is at 1490 then 1494 to 1496.  Above that resistance is at 1508.70.

A close over 1508.70 is friendly and augurs for a test of 1512.50. Beyond That Sellers should appear near 1520.80 top 1521.70. Above that a test of 1527 to 1529 and eventually the 1535 to 1540 region is likely  to occur..

 

Support is at 1472.8 to 1471.5  Under that Buyers should appear near 1459 and the 1456 to 1453 region .. Below that support  should appear near 1438 and the

1421 to 1418 region.

 

Trade Accordingly

 

Dec mini - NASDAQ 100
Nearby Support
is at 3709. Under that buyers should appear near  3682 to 3663 and the 3646 to 3623 region. Below that buyers should appear near 3613 to 3594 and the 3563 to 3553 region. Under that  3386 to 3377 should contain a decline. 

 

Nearby Resistance should appear near 3736 to 3743. A close over 3643 is friendly and augurs for a test of 3795 to 3806 and eventually the 3858 to 3867 region. Beyond that resistance should appear near 3909 to 3929 and the 3982 to 3992 region.

 

Dow Jones Industrial Avg.

Resistance should appear near 10,960 to 11,010.  Beyond that Good Sellers should surface near 11,155 the 11,192 to 11,227 region.

 

Support should appear near 10,870 and 10,830. Under that support should appear near 10,757 then 10,680 and the 10,630 to 10,580 region. Which should contain a decline basis the close over the near term.  

 

Cash NASDAQ
Resistance
should appear near 3858 to 3867. Beyond that sellers  should appear near 3909 to 3929. Above that a test of 3982 to 3992 is likely to occur. A close over 3992 is friendly and augurs for a test of 4046 to 4045 and eventually the 4110 to 4120 region.

 

Support should appear near 3832 and the 3806 to 3795 region.. Under that  support is at  3743 to 3736 ,  which should contain a decline for a bit. Below that buyers should appear near 3682 to 3663. Under that 3623 to 3613 should contain a decline basis the close over the near term.

 

Trade Accordingly

 

Dec Bonds

 

Support should appear near  97-24 and 97-06.. Under that Buyers should appear near 96-26 and contain a decline. Below that support should appear near the 96-13 to

96-09 region.

 

Resistance is at 98-28 and the 99-07 to 99-13 region. Above that resistance is at

100-09 and the 100-25 region, which should cap a rally..

 

 

The Frenzied Forex Front

 

Dec Japanese-Yen

Support should appear near 9445 to 9429. Below that support should appear near the  9388 to 9379 region.. Under that 9347 to 9316 should contain a decline. Traders can buy at 9348 and hold for higher prices.. Below  that 9237 should hold.

 

Resistance should appear near 9487. A close over 9487 is friendly and augurs for a test of the 9526 to 9542 region. Beyond that a test of 9586 and the 9625 to 9641 region is more likely than not to occur..

 

 

Trade Accordingly and Stay Tuned for Flashes and Updates

 

Dec Swiss Franc

Resistance should appear near 5686  Above that sellers should appear near 5716 to 5729 and 5760. Beyond that Sellers should appear near 5792 to 5805. 

 

Support should appear near the 5640 and the 5577 to 5553 region .which should contain a decline for a bit. Under that  support is at 5505 to 5490 and 5430 to 5418.

 

Stay tuned for Flashes...

Dec Euro

Resistance  should appear near 8668 to 8683. Beyond that sellers should appear near 8762 to 8777 and the 8850 to 8870 region.

 

Support is at 8589 to 8562  under that buyers should appear near 8500 to 8485 region

Below that 8405 to 8390 should contain a decline. 

 

Trade Accordingly..

 

 

Dec British Pound
Support
should appear near the 1.3830  to 1.3770. Below that 13460 to 1.3340 should contain a decline. 

 

Resistance is at 1.4150 to 1.4210 and the 1.4530 to 1.4590 region.

 

Dec Canadian Dollar
Support
is at  6741 region under that buyers should appear near  6707. A close under 6707 is negative and augurs for a test of  6673 to 6659.

Resistance is at  6755 and 6782 , beyond that a test of  6809 and the 6823  to 6836 region is likely.

 

Pick your Poison ,Trade Accordingly and Stay tuned for FuturesCom's  Forex flashes 

 

                                                 Precious Metals

 

Dec Gold

Support is at 272.4 to 271.6 and the 267.2 to 266.3 region.

 

Resistance is at  277.5 and 279.7 beyond that a test of 282 to 282.8 is likely

 

Dec  Copper
 
Support
is at 9235 and 9155 to 9140,a close under 9140 augurs for a test of  9060 to 9035 and the 8965 to 8935 region. Below that support is at 8870 to 8885 .. Traders can buy at 8865 for a bounce , risk a close under 8760 for 3 days in a row.

 

Resistance should appear near 9315 to 9345 and the 9425 to 9445, above that a test of 9525 to 9545 is likely.. Traders can sell at 9525 and risk a close over 9645 for three days in a row.

 

Dec Silver
 Support should appear at  near 492.5 to 491 and 485.5 to 484.5. Under that buyers should appear near 478 1/2 to 477 and the 472 to 469.5 region.. Traders can buy at 472 and hold for higher prices..

 

Resistance is at 497 to 499 and 505.5 to 506.5 . Beyond that a test of 512 to 514 and the 520 to 521.5 region is likely.

 

Trade Accordingly and  stay tuned for Flashes

The Exciting Energies

Nov  Crude
 
Resistance
is at 3493 to 3503 and 3553 to 3563 which should Cap a rally for a bit..

Beyond that sellers should appear near 3613 to 3623.  Traders  can sell at 3612 and hold for lower prices.. risk close over 3625 for three days in a row..Above that 3663 to 3682 should cap a rally.

 

Support is at 3443 to 3425. A close under 3425 augurs for a test of 3386 to 3377 and eventually the 3328 to 3319 region. Below that buyers should appear near 3270 to 3261 and the 3213 to 3194 region.

 

Nov  Unleaded Gas
Support
should appear near  9345 to 9315 region. Under that a test of  9235 and 9160 to 9140 is likely.. Below that  buyers should appear near 9060 to 9040 and the 8965 to 8935 region. 

 

Resistance should appear near  9425 to 9445 , beyond that sellers should appear near 9545 and the 9625 to 9645 region. A close over 9645 is friendly and augurs for a test of 9705 to 9737. Beyond that resistance should appear near  9920 to 9940. Above that Sellers should be evident at 1.0020 to 1.0040.. Traders can sell at 1.0020 and risk a close over 1.0105 for three days in a row. Beyond that 1.0155 should cap a rally.

 

Nov Heating Oil
Resistance
is at 1.0300 to 1.0360 and 1.0420.. Above that sellers should appear near 1.0580 to 1.0630 and the 1.0680 to 1.0734 and should cap the rally for a bit. 

 

Support is near 1.0175 to 1.0135.  A close under 1.0105 is negative and augurs for a test of to 9945 and the 9855 to 9815 region. Below that buyers should appear near   

9735 to 9705. 

 

Traders should go short if a close under 1.0105 occurs.

 

Stay Tuned for Energy Updates

 

The Grand Grains

Nov  Beans

Support should appear near the 478 3/4 to 477 1/2 region where buyers should step in and contain a decline.  Below that support is at 468 1/2 and the  465 to 463 region.

 

Resistance is at 484 1/2 to 485 3/4 and 488 3/4.  A close over 485 3/4 is friendly and augurs for an eventual  test of 497 3/4 to 499,  which should cap a rally for a bit.

Beyond that sellers should appear near 503 1/2 to 506 1/2.

 

Dec Soybean Meal
 
Resistance
 should appear near 165.6 and the 168.9 to 169.6 region . Above that  sellers should appear near 171.5 and the 173.1 to 173.8  region.

 

Support is at 164.2 and the 161.5 to 160.9 region. Below that 157.6 to 156.9

should hold..

 

Dec SoyBean Oil
Support
is near the1576 to 1569 region. Under that 1535 to 1529 should contain the decline for a bit.

 

Resistance should appear near 1596 then 1609 to 1615  Beyond that a test of 1628 and the 1642 to 1655 region is likely.

 

Dec Corn
Resistance should appear near 194 3/4 to 195 1/2 .., beyond that sellers should appear near 198 1/4 to 199 3/4  and the 202 to 203 1/4 region.

 

Support  should appear near 186 1/2 to 185 3/4, below that buyers should appear near

182 1/4 to 180 and the 178 to 177 1/2 region.  

 

Dec Wheat
Support
 should appear near 251 3/4 to 251. Below that buyers should step in near the 246 to 246 region..Under that support is at 242 to 241, below that 237 to 235 1/2

should hold.

 

Resistance is at 261 1/2 to 262 . A close over 262 1/2 is friendly and augurs for a test of 271 3/4 to 272 1/2.

 

Trade Accordingly and Stay Tuned for Updates in the Grain Markets

 

The Satisfying Softs

Dec Cotton

Support should appear near 6430 to 6415 under that buyers should appear near 6350 to 6335. Traders can buy at 6350 and hold for higher prices..Below that support is at 6170 to 6255 and the 6190 to 6165 region.

 

Resistance is at 6480 to 6510 and 6575 to 6590 . Beyond that resistance is at 6655 to 6675.  A close over 6675 is friendly and augurs for a test of  6740 to 6755 and eventually the 6810 to 6835 region.

 

Trade Accordingly

 

Dec  Coffee
Support
is near the 8025 under that support should appear near 7955 to 7940 then 7900 and the 7865 to 7835 region. Traders can buy at 7865 and hold for higher prices.

Below that buyers should appear near 7775 to 7755 and the 7690 to 7675  region.

 

Resistance should appear near 8115 to 8135 and 8170 to 8195 then 8225. A close

over 8225 augurs for a test of 8300 to 8315 then 8390 to 8405 and eventually the 8560 to 8590 region.

 

 

March  Sugar
Resistance
is at 1000 to 1005.  Beyond that Resistance should appear near 1015 and the 1032 to 1032 region.

 

Support is at 972 to 968 . Under that buyers should appear near  940 to 932 and the 912 to 907 region.

 

Trade Accordingly

 

Dec Cocoa
Resistance
is at 814 to 823 and 835. Beyond that sellers should appear near 847 to 852.

 

Support  is at 808 and  795 to 791. Below that  buyers should appear near

779 and the 767 to 763 region.

 

 

 

The Lively Livestock

 

Oct Cattle
Support
is near 6757 to 6742  Below that buyers should appear near the

6672 to 6657 region.

 

Resistance is at  6807 and the 6822 to 6837 region . Beyond that a test of 6887 and the 6907 to 6922 region is likely.

 

Oct hogs
 Support should appear near 5432 to 5417  Below that buyers should appear near 5382 and the 5357 to 5347 region.  Under that 5317 should hold.. Below that buyers should appear near 5212 to 5200.

 

Resistance should appear near 5492 to 5507 and  the 5552 to 5577 region. Beyond that resistance should appear near 5607 and the 5637 to 5652 region. Above that Sellers should appear near 5712 to 5732,  traders can sell at 5717 and hold for lower prices.

 

 

Feb Bellies
Support is at 6272 to 6242 and the 6192 to 6167 region. Below that support  should appear near the 6112 to 6102 region.  Under that buyers should step in near 5957 to 5942.. Traders can buy at 5957 and hold for higher prices..

 

Resistance is at 6337 to 6352, a Close over 6352 is friendly and augurs for a test of 6417 to 6432 and the 6482 to 6507 region, where sellers should appear, beyond that resistance is at 6577 to 6590 . Above that sellers should appear near 6657 to 6672

 

Stay tuned for Livestock Updates…

 

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

 

Happy Trading

Bill 

Sunday Sept 17, 2000

1:15 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

 

Bi Weekly Investment Outlook(BW) 

Archives:  http://www.futurescom.com/bwparc.htm

Recommended Open positions as of 9-17-00 

Long Dec Swiss 5688

Long Dec British Pound 1.6188

Long Dec Yen 9581

Long Dec Bonds 99-07

Long Dec Gold 279.9

Long 2 Dec SP500 1505 Avg

Long 2 Nov Beans 506 avg

Long Dec Wheat 262 1/4

Long Dec Cotton 6350

Long Feb Bellies 6352

Long Dec Bean Oil 1628

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

Recommended Open positions as of 9-17-00 

Long Dec Sept SP500 1500.50

Long 2 Dec Mini Nasdaq 3820