FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday April 9, 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
A Trader should not swear eternal allegiance to either a bull or bear side.
His concern lies with being right.
Sunday, April 09, 2000
5:00 AM
The Sensational Stock and Bond Markets
June SP500
Resistance should appear near 1535 then 1542.70 to 1545.90 . Above that sellers should appear near 1552 and 1563.5. A close over 1552 is friendly and augurs for a test of 1569 to 1576. Beyond that sellers should appear near 1593 and the 1609 to 1615 region where sellers should appear. Traders can sell at 1609 and hold for lower prices. Initially plan on risking a close over 1615 for three days in row. Beyond that resistance is 1628.5 and the 1642 to 1655 region
Nearby Support is at 1529 and 1512 . A close under 1512 is negative and augurs for a slip towards 1504.70 and most likely the 1496 to1490 region. Failure there augurs for a test of 1484 then 1471.50 and eventually 1459 to 1453. Under that a test of 1437 then 1421 to 1415 is likely … Which we feel is more likely than not to occur.
Trade Accordingly
Traders should go short if a close under 1512 occurs. Stay tuned for Flashes
Dow Jones Industrial Avg.
Resistance should appear near 11,155 to 11,187. Beyond that sellers should appear near 11,257 then 11,300 to 11,360. Beyond that a test of the 11,500 region is likely to occur. Above that sellers should appear near 11,640 to 11,690 and 11,815.. which should cap any rally over the next two weeks..
Support should appear near 11,087 and 11,010 to 10,960 under that 10,810 and the 10,757 region offer support. Below that support should appear near 10,680 to 10,630 and 10,580 should contain a decline for a bit. A slip under would indicate an eventual test of 10,360 to 10,320.
Cash NASDAQ
Resistance is at 4503 to 4516 and the 4571 to 4582 region. Beyond that sellers should appear near 4639 to 4650 and the 4695 to 4717 region. Above that resistance should appear near 4775 to 4786 and 4845 to 4855. Beyond that sellers should appear near 4915 to 4926 and the 5127 to 5139 region where sellers should Cap the Rally for a bit..
Support is at 4446 to 4425. A close under 4425 is negative and augurs for a slip towards 4381 to 4370 and most likely the 4315 to 4304 region. Where critical nearby support should appear. Below that buyers should appear near 4249 to 4238 and the 4183 to 4163 region. Under that 4120 to 4110 should contain a decline for a bit ..
If not a test of 4056 to 4046 and the 3992 to 3982 region is likely to occur..
Trade Accordingly
June NASDAQ 100
Support is at 4315 to 4304 , a close under 4304 is mildly negative and augurs for a test of 4249 to 4238 ..Under that support is at 4183 to 4163.. Below that support is at 4120 to 4110 and 4057 to 4040. Under that buyers should appear near 3981 and the 43929 to 3909 region which should stop a decline for a bit…
Resistance is at 4370 to 4381 and 4425 to 4450 .Beyond that resistance should appear near 4503 to 4514 Above that good sellers should appear near 4571 to 4575 then 4695 to 4717 and Cap a Rally for a while..
Trade Accordingly..
June Bonds
Support should appear near 98-28 and 98-02, a close 98-02 under augurs for a test of 97-16 to 97-07 and 96-26. Below that a trade towards support at 96-12 and 95-26 is likely and where a decline should be contained for a bit. Traders can buy at 95-26 for a bounce and risk a close under 95-12 for three days in a row.
Resistance is at 99-23. Beyond that resistance is near 100-02 then 100-28 and the
101-02 region, which should cap a rally for a bit.
Traders should Go short if a close under 98-02 occurs.
Stay tuned for a stop and trade accordingly…
The Frenzied Forex Front
Resistance remains near the 9625 to 9640 region. A close over 9640 is friendly and augurs for a test of 9671 then 9707 to 9737 and 9777… Above that sellers should appear near 9821 and the 9921 to 9937 region and Cap a rally.
Support should appear near 9582 then 9542 to 9526 and the 9445 to 9423 region. Below that support should appear near the 9378 region. Below that Buyers should appear near the 9347 to 9316 region, which should contain a decline over the near term
Traders can buy at 9347 and Hold for higher prices…
Stay Tuned for Flashes and trade accordingly
Resistance is at 6139 , a close over 6139 is friendly and augurs for a test of 6165 to 6190 and the 6220 region, beyond that sellers should appear near 6257 to 6270 and 6337 to 6350 , which should Cap a rally for a bit. Traders can sell at 6337 for a quick turn lower and risk a close over 6350 for three days in a row.
Support should appear near 6113 to 6101. Below that 6068 and the 6035 to 6023 region should contain a decline for a bit. Under that buyers should appear near
5957 to 5940.
Trader should go long if a close over 6139 occurs
Stay tuned for Flashes...
June British Pound
Support should appear near the1.5760 to 1.5732 region. . Under that support is at 1.5690 then 1.5520 and the 1.5350 to 1.5290 region..
Resistance is at 1.5836 then 1.5926 and 1.6090 to 1.6150 .Beyond that sellers should appear near 1.6286.
Trade Accordingly and stay tuned for Flashes.
June Canadian Dollar
Nearby Support is at 6871, under that 6836 to 6809 should hold.. BW Traders can buy at 6837 and hold for higher prices.. Below that buyers should appear near 6783
Resistance is at 6906 to 6919 and 6955. Beyond that resistance is near 6990 to 7003 and the 7074 to 7088 region BW Traders can sell at 7074 for a turn lower. Risk a close over 7088 for three days in a row..
Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
June Gold
Support is at 282 and the 277.5 to 275.8 region.
Resistance is at 285.1 then 287.4 to 288.3. A close over 288.3 is friendly and augurs for a test of 292.5 to 294.
May Copper
Support is at 7675. Under that buyers should appear near 7605 to 7590 and the 7515 to 7485 region
Resistance is at 7765 to 7780 . A close over 7780 is friendly and augurs for a test of 7935 to 7955 and the 8025 to 8035 region
May Silver
Support should appear 512 and 506 to 503, under that support at 499.5 to 497 and 492.5 to 491.5 which should contain a decline basis the close for a bit.
Traders can buy at 492.5 and hold for higher prices..
Resistance is at 520.0 to 521.5.. A close over 521.5 is friendly and augurs for a test of the 528 to 534 region.
Traders should go long if a close over 521.5 occurs
Stay tuned for Flashes...
The Exciting Energies
June Crude
Resistance is at 2461 to 2469 then 2511 to 2529 , a close over 2529 augurs for a test of 2552 to 2568 and 2612 to 2620 . Beyond that sellers should appear near 2716 to 2724.
Support is at 2419 to 2411 and the 2370 to 2354 region…Under that Buyers should appear near 2322 to 2315 and stop a break ..
Trade Accordingly and Stay Tuned For Flashes
June Unleaded Gas
Resistance is at 7675 to 7689 Beyond that sellers should appear near 7765 and the 7835 to 7865 region . Above that resistance is at 7935 and the 8015 to 8045 region, which should cap a rally. Traders can sell at 8025 and risk a close over 8145 for three days in a row.
Support is at 7600 then 7515 to 7485 and the 7430 to 7415 region. Below that support is at 7340 to 7325 and the 7255 region. Under that Buyers should appear near 7170 to 7140 and stop a decline.. Traders can buy at 7170 and hold for higher prices.
June Heating Oil
Resistance is at 6335 to 6350, a close over 6350 augurs for a test of 6415 to 6430 and the 6480 to 6505 region..Beyond that sellers should appear near 6577 to 6591..Traders can sell at 6577 and risk a close over 6595 for three days in a row. Beyond that resistance should appear near 6659 to 6673.
.
Support is 6115 to 6100. Under that Buyers should appear near 6035 to 6020 and 5955 to 5940. Below that 5880 to 5855 should contain a decline over the near term…
Traders can buy at 5885 and hold for higher prices.
Trade Accordingly. and Stay tuned for Flashes
The Grand Grains
Support should appear near 550 1/2 to 549 and 546 1/2. Traders can buy at 546 1/2 and risk a close under 534 for three days in a row. Under that support is at 543 to 541 and the 535 1/2 to 534 1/4 .. Below that buyers should appear near 538 1/2 then
521 1/2 to 520.
Resistance is at 555 1/2 to 557 3/4 a close over 557 3/4 is friendly and augurs for a test of 564 to 565 and the 572 to 572 region..Beyond that a test of the 585 1/2 to 588 region is likely. If It Holds…
Traders should go long if a close over 557 3/4 occurs.
Stay tuned for Flashes
July Soybean Meal
Support is near the 169.6 to 168.9 and 167.2 Under that support is at 165.5 to 164.2 and should contain a decline basis the close.. .
Resistance is at 173.1 to 173.8. Above that resistance should appear near
177.3 to 178.
July SoyBean Oil
Support is at 1822 to 1809 and 1780 to 1774 . Below that buyers should appear near the 1738 to 1731 region and contain a decline for bit ..
Resistance should appear near the 1858 to 1869 region… Beyond that sellers should Appear near 1902 to 1909 and 1946 to 1953.
July Wheat
Resistance is at 272 3/4 and 275 to 277 1/2, a close over 277 1/2 is friendly and augurs for a test of 282 to 282 1/2 and eventually the 292 to 294.
Support is at 267 1/2 to 266 and 262 to 261 and should hold. Traders can buy at 262 1/2 and hold for higher prices.. Below that support is at 256 and the 252 to 251 1/4 region , which should contain a decline.
July Corn
Resistance should appear near 241 to 242. A close over 242 is friendly and augurs for a
test of 246 to 247 and the 251 1/4 to 252 region ..
Support should appear near 235 and the 232 1/2 to 231 region. Traders can buy at 232 3/4 and hold for higher prices Below that buyers should appear near 227 1/2 and contain a decline for a bit.
Trade Accordingly.
July Cotton
Support should appear near 5805 to 5790 and stop the decline for a bit .. Traders can buy at 5810 and hold for higher prices.. Under that 5729 to 5716 Should hold..
Resistance is at 5855 to 5880 then 5945 to 5957 and the 6023 to 6035 region. A close over 6035 is friendly and augurs for a test of 61101 to 6110 and eventually 6165 to 6190. Traders should go long if a close over 5880 occurs..
Trade Accordingly
July Sugar
Support is at 571 then 562 to 559 and 548. Below that support should appear near 538
to 534. Which should contain a decline basis the close for a bit.. Traders can buy at 548 and risk a close under 534 for three days in a row.
Resistance is at 582 to 586 and 593.. A close over 586 is friendly and augurs for a test of 601 to 609 and the 630 to 634 region.
Traders should go long if a close over 586 occurs.
Trade Accordingly
July Coffee
Support is at 101.55 to 101.05 and the 100.50 to 100.00 region.
Under that support is at 9935 to 9920 and 9840 top 9820.
Resistance should appear near 103.20 to 103.60 , an extended trade over 103.60 is friendly and augurs for a test of 104.75 and beyond towards 105.80 to 106.80
Traders should go long if a close over 103.60 occurs…
Trade Accordingly and Stay Tuned for Flashes.
July Cocoa
Resistance is at 847 tom 852 then 863 Beyond that sellers should appear near 877 to 882 and 907 to 915
Support is at 835 and 823 to 814 . Below that buyers should appear near 795 to 791.
Stay Tuned for Flashes.
June Cattle
Support is at 6907 A close under 6907 is negative and augurs for a test of the 6837 to 6807. Traders can buy at 6837 and hold for higher prices.. Below that buyers should appear near 6757 to 6742 and the 6672 to 6657 region.
Resistance is at 6922 then 6992 to 7002, a close over 7002 is friendly and indicates a test of 7077 to 7087 and eventually 7142 to 7172. Beyond that resistance should appear near 7212.
Traders should go long f a close over 7002 occurs.
June Hogs
Support is at 7342 to 7327. Below that buyers should appear near 7257 to 7242. Traders can buy at 7257 and hold for higher prices..Under that support should appear near 7170 to 7142 and the 7087 to 7077 region.
Resistance should appear at 7412 to 7422. A close over 7422 is friendly and augurs for a test of 7487 to 7512 and eventually the 7587 to 7602 region..Beyond that a trade towards the 7762 to 7777 region is likely
Traders should go long if a close over 7512 occurs.
Support is at 9627 then 9587. Traders can Buy at 9587 and hold for higher prices. Below that Buyers should appear near the 9542 to 9527 region. Under that 9447 to 9442 offers support and should hold for a bit..Below that buyers should appear near the 9347 to 9317 region and 9237.
Nearby Resistance is at 9707 to 9737 then 9777.. Where sellers should appear ..An extended trade over 9777 is friendly and augurs for a test of 9822 to 9837 and eventually the 9917 to 9937 region. Above that a test of 10102 and the 10137 to 1.0137 region is likely.
Support is 9347 to 9317 and 9237.. Traders can buy at 9237 and hold for higher prices
Below that buyers should appear near 9157 to 9137 and 9062 to 9037..
Resistance should appear near 9526 to 9542 and 9622 to 9642. A close over 9642 is friendly and augurs for a test of 9707 to 9737 then 9822 to 9837 and eventually the 9917 to 9937 region..
Traders Should Stay Tuned Updates for the Pork complex.
A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Sunday April 09, 2000
9: 35 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 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.
Bi Weekly Investment Outlook ( BW )
Recommended open positions and Value 4-07-2000
Archives: http://www.futurescom.com/bwparc.htm
2-13-2000 Value $ 55,000.00
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
Recommended open positions:
Long May Copper at 7780
Long May Crude at 2776
Short June SP500 at 1505.5
Long May Coffee 104.50
Morning Comments ( MC ) Value 4-07-2000
Recommended open positions : Long May Bellies at 9707
Archives : http://www.futurescom.com/mcperf.htm
2-13-2000 Value $ 50,000.00
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
Index
Recommended Open positions and Value 4-07-2000
Open Index Position. NONE
2-13-2000 Value $ 150,455.70
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
Premier Value as of 4-07-2000
http://www.futurescom.com/premier.htm
2-09-1998 Value 101,863.95
2-23-1999 Value 404,088.95
Aug. 1 1999 Value 549,583.85
Aug 15 Value 583,476.55
Aug 28 Value 577,238.55
Sept 12 Value 593,734.25
Sept 24 Value 537,309.25
Oct 08 Value 601,099.25
Oct 23 Value 650,974.25
Nov 5 Value 691, 783.00
Nov 19 Value $ 685,829.25
Dec 04 Value $ 712,700.50
Dec 17 Value $ 737,898.00
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
2-27-2000 Value $ 784,172.25
3-12-2000 Value $ 821,000.25
3-24-2000 Value $ 771,287.75
4-07-2000 Value $ 841,609.25
Combined Value:
Starting Total 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 Prem. 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
Current Combined Value April 9,2000 $ 1,117,627.65
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.
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