FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday Feb 11, 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 Morning Comments Special Reports Index Flashes
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If the Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out.--- Arthur Koestler
Sunday, Feb 11, 2001
5:30 AM
Recommended Open Positions are at the end of the letter…Stay tuned for Flashes and Updates..
The Sensational Stock and Bond Markets
March SP500
Nearby Resistance is at 1322 and extended trade over is friendly and augurs for a test of 1334 to1340. Beyond that a resistance is at 1346 and 1353.8 while an extended trade or close over 1353.8 indicates an eventual test of 1361.50.
Nearby Support should appear near1310 to 1304.. Under that buyers should appear near 1289 and the 1274 to 1268 region.
Traders should go long if a close over 1346.10 occurs
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 10,820 .. However an extended trading period over 10,820 does indicate an eventual test of 10,960 to 11,010.
Support is at 10,757 then 10,680 to 10,630 and 10,580 under that support should appear near 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 105-09 and 105-23 . Beyond that sellers should appear near 106-07 and the 106-23 region. Beyond that an eventual test of 107-22 is likely.
Support is at 104-17 then 103-26, under that buyers should appear near the 103-11 and the 102-26 to 102-17 region.
The Frenzied Forex Front
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 8589 occurs..
March Euro
Support should appear near 9235 and the 9156 to 9140 region. Below that support is at 9060 to 9040 ..Traders can buy a pullback at 9060 and risk a close under 9040 for three days in a row..
Resistance is at 9316 to 9347.. Above that sellers should appear near 9383 then 9429 to 9445.. Beyond that resistance is at 9583 and the 9625 to 9641 region.. Traders can sell at 9624 and hold for lower prices.
Trade Accordingly and stay tuned for Updates.
March Swiss Franc
Resistance should appear near 6068 then 6101 to 6113 and the 6165 to 6190 to 6190 region. Beyond that resistance should appear near the 6257 to 6270 and 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 6355 for three days in a row …
Support should appear near 6035 to 6023 then 5957 to 5945 and the 5880 to 5855, region, where buyers should appear and contain a decline..Traders can buy at 5881
for a bounce and risk a close under 5855 for Three days in a row .
Stay tuned for Flashes...
March British Pound
Support should appear near .4386 and should contain a decline for a bit …Below that support is at 1.4110 to 1.4150
Resistance is at 1.4530 to 1.4590 and 1.4710,a close over 1.4712 is friendly and augurs for a test of 1.4840 to 1.4900. Beyond that sellers should appear near 1.4960.
Trade accordingly and stay tuned for flashes
March Canadian Dollar
Support should appear near 6623 and the 6591 to 6577 is region.
Under that buyers should appear near 6509 to 6483..
Resistance is at 6659 to 6673 and 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 261.2 region.. Below that support is at 256.8 to 255.2.
Resistance is at 266 to 267.5 and 269.3, a close over 269.3 is friendly and augurs for a test of 271.5 to 272.5 and eventually 275.8 to 277.5.
March Copper
Support is at 8190 and 8135 to 8115..Below that Buyers should appear near 7865 to 7835.. Traders can buy at 7865 and hold for higher prices..
Resistance should appear near 8300 to 8315, a close over 8315 is friendly and augurs for a test of 8485 to 8500 then 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 8315 occurs..
March Silver
Support should appear near 451 1/2 to 450.. Below that buyers should appear near 445 to 442.5 Traders can buy at 443.5 and hold for higher prices
Risk a close under 437 for three days in a row…
Resistance is at 458.5 and the 4463.5 to 465 region. A close over 465 is friendly and augurs for a test of 469.5 to 471.5 and beyond to 477.5 to 478.5
Traders should go long if a close over 465.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
April Crude
Resistance is at 3092 to 3102 region and the 3148 to 3157 region..Beyond that sellers should appear near 3194 to 3213 and the 3261 to 3270 region.. Traders can sell at 3271 and hold for lower prices..Above that 3319 to 3328 offers resistance.
Traders should go short if a close under 3036 occurs.
Stay Tuned for Updates…
April Unleaded Gas
Support should appear near 9445 to 9420. A close under 9420 augurs for a test of 9345 to 9315 and the 9235 region.. under that support is at 9060 to 9040 and the 8875 to 8855 region.. Traders can buy at 8875 and risk a close under 8760
for three days in a row.
Resistance is at 9535 to 9545 then 9625 to 9640 and the 9705 to 9740 region.
Traders can sell at 9705 and risk a close over 9840 for three days in a row. Beyond that Resistance should appear near 9920 to 9935 then 10020 to 10035 and the
10105 to 10140 region.
April Heating Oil
Resistance is at 8030 to 8045 then 8195 to 8225, above that sellers should appear near 8300 to 8315 beyond that resistance is at 8485 to 8500. Traders can sell at 8485 and hold for lower prices, risk a close over 8590 for three days in a row
Support is near 7865 to 7835 a close under 7835 is negative and augurs for a test of
7690 to 7675 and 7515 to 7485.. Below that support is at 7430 to 7415 and the
7345 to 7325 region...
Traders should go short if as close under 7835 occurs
Stay Tuned for Energy Updates
The Grand Grains
Nearby Support is at 451 1/2 to 450 1/4 and 444 3./4 to 442 1/4..
Traders can buy at 445 and hold for higher prices.. Below that support should appear near 438 1/4 to 437
Nearby Resistance is at 457 1/4 to 458 1/2 beyond that resistance is at 469 1/2 to 471 3/4 and the 477 1/2 to 478 3/4 region Beyond that resistance is at 484 1/2 to 485 3/4.
Traders should go Long if a close over 458 1/2 occurs.
March Soy Meal
Resistance should appear near 164.2 to 165 then 168.9 to 169.6 and the
173.1 to 173.8 region.
Support is at 161.5 to 160.9 and 158.0 to 156.0
March Soybean Oil
Support is near 1421 to 1415.. Traders can buy at 1421 and hold for higher prices…
Under that buyers should appear near 1383 to 1377
Resistance should appear near 1453 to 1459 and 1484 to 1496 then 1529 to 1535.
March Corn
Resistance should appear near 211 3/4 to 231 1/2 then 217 to 218 1/2 ..
Beyond resistance is at 221 3/4 to 222 3/4.
Support should appear near 208 3/4 to 208, under that a test of 204 1/4 to 203 1/2 is likely.. Below that support is at 195 1/2 to 194 3/4.
March Wheat
Support should appear near 262 to 261 1/2 and 257 to 255 1/2..
Resistance is at 266 1/2 to 267 1/2. A close over 267 1/2 is friendly and augurs for a test of 271 3/4 to 272 1/2 and more likely the 275 3/4 to 277 1/2 region.
Traders should go long if a close over 267 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
May Cotton
Nearby Support should appear near 5725 to 5715 . Under that buyers should appear near 5655 to 5640 and the 5580 to 5555 region.. Traders can buy at 5580 and hold for higher prices…Below that support is at 5505 to 5490.
Resistance is at 5855 to 5880 and 5945 to 5955, a close over 5955 is friendly and augurs for a test of 6025 to 6035 … Beyond that sellers should appear near
the 6105 to 6115 region.
Traders should go long if a close over 5955 occurs.
May Coffee
Support is near 6510 to 6485 and the 6430 to 6415 region..Below that Buyers should appear near 6350 to 6335 and the 6270 to 6255 region. Traders can buy at 6335 and hold for higher rpices… Under that buyers should appear near 6115 to 6100 and the 6035 to 6025 region.
Nearby Resistance should appear near the 6655 to 6675 then 6740 to 6755.
Beyond that a test of 6810 to 6835 and the 6905 to 6920 region is likely.. A close over 6920 is friendly and augurs for a test of 7075 to 7085
Traders should go long if a close over 6675 occurs
May Sugar
Resistance is at 968 to 972 and the 1000 to 1005 region… Above that sellers should appear near 1032 to 1036.
Support should appear near 941 to 932 under that support should appear near 912 to 907 and the 882 to 877 region.
May Cocoa
Support is at 1005 to 1000 and 972 to 968. Under that support is at 941 to 932…
Traders can buy at 973 and risk a close under 932 for three days in a row. Under that 912 to 907 should contain a decline..
Resistance is at 1058 to 1068 Beyond that sellers should appear near the 1096 to 1101. Above that resistance is at 1164 to 1169.. Traders can sell at 1164 and risk a close over 1169 for three days in a row..
April Cattle
Support is near 7902 then 7867 to 7837 and 7777 to 7762 an extended trade under 7762 is negative and augurs for a test of 7687 to 7672 and the 7602 to 7587 region. . Below that 7512 to 7487 should hold. Traders can buy at 7512 for a turn higher risk a close under 7412 for three days in a row..
Nearby Resistance is at 7957.. Beyond that resistance should appear near the 8027 to 8047 region. .Above that sellers should appear near 8117 to 8137.. Traders can sell at 8117 And risk a close over 8227 for three days in a row.
Traders should go short if a close under 7837 occurs
April Hogs
Support is at 5652 to 5642. A close under 5642 is negative and augurs for a test of 5577 to 5552 .. Under that buyers should appear near 5507 to 5492. A close under 5492 is negative and augurs for a test of 5432 to 5417..
Nearby resistance is at 5717 to 5732 and 5792 to 5807. Beyond that resistance should appear near 5852 to 5882.. Traders can sell at 5852 and hold for lower prices .. Above that reistance should appear near the 5942 to 5947 region. Above that Sellers should appear near 6022 to 6037 and cap a rally..
Traders should go short if a close under 5642 occurs.
Support is at 6922 to 6907 then 6837 to 6807 and the 6757 to 6742 region. Below that a test of 6592 to 6577 is likely. A close under 6577 is negative and augurs for a test of 6432 to 6417 .. Under that buyers should appear near 6352 to 6337 and the 6272 to 6257 region.
Nearby resistance is at 6987 to 7002 and the 7072 to 7087 region.. Beyond resistance is near 7142 to 7172 .. Beyond that Sellers should appear near 7242 to 7272 and the 7327 to 7342 region , Traders can sell at 7322 and hold for lower prices..
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 Feb 11, 2001
12:00 Noon
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 2-11-2001
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
01-26-2001 $ 1,556,450.90
02-11-2001 $ 1,501,778.50
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
02-09-1998 Inception Value $ 101,863.95 Inception Value
02-23-1999 Value $ 404,088.95
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
01-26-2001 Value $ 1,155,139.00
02-11-2001 Value $ 1,132,340.25
Recommended Open Positions as of 2-11-2001
Long 4 March Yen 8442
Long 5 March Copper 8350
Long 5 March Coffee 6750
Long 5 March Wheat 283 1/4
Long 5 May Beans 475 1/2
Short 5 May Bean 500 Calls 7 1/2
Long 10 June Short 10 April Hogs 612
Short 8 April hogs 5797 avg
Long 4 March SP500 1333.1 avg
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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)
Recommended Open positions as of 2-11-2001: Long March SP500 1377
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Index Program
Archives: http://www.futurescom.com/indexfl.htm
02-13-2000 Inception Value $ 150,455.70
12-29-2000 Value $ 197,750.70
01-12-2001 Value $ 229,325.70
01-26-2001 Value $ 242,325.70
02-11-2001 Value $ 227,650.70
Recommended Open positions as of 02-11-2001 Long March 2 SP500 1351.75 avg
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper00.html
02-11-2000 Value $ 50,000.00 tracking year (starting value)
Recommended Open positions as of 2-11-2001:
Long 2 March SP500 1335.10
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Set Aside
BW & MC Gains $ 36,787.55
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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.
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