FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday April 22, 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- 561-632-2700 http://www.futurescom.com
Sign up for Instant Message Flashes Description of Services Performance Archives
"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-
Sunday, April 22, 2001
6:00 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 1253 then 1268 to 1274 and 1289 Beyond that sellers should appear near the 1304 to 1310 region. A close over 1310 is friendly and augurs for a test of 1322 , where sellers should appear and cap a rally for a bit…. However a close over 1322 is friendly and augurs for an eventual test of the 1334 to1346 region. Beyond that a trade towards 1361.50 and the 1377 to 1383 region is likely.. if it holds..
Support should appear near 1245.70 and the 1238 to 1232 region… Below that support is at 1217.50 and 1203 to 1192.. Traders can buy at 1197.70 and hold for higher prices, initially plan on risking a close under 1192 for three days in a row.. below that a test of 1180.50 and the 1169 to 1164 region is likely … 1136 to 1130.. Under that support is at 1150 then 1136 to 1130 Traders who have ice water running through their veins can buy at 1136 for a bounce, and hold for higher prices
Aggressive Traders can go long if a close over 1253 occurs..
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Nearby Resistance should appear near 10,630 to 10,680 .. However an extended trading period over 10,680 does indicate a test of 10,820 and more likely the 10,960 to 11,010 region..Beyond that Sellers should appear near 11,155..
Support is at 10,520 and 10,470 , below that buyers should appear near 10,360 to 10,320 and 10,185 ..Under that support is at 10,136 to 10,104 and the 10,050 to 10,000 region
June Bonds
Resistance should appear near 101-06 and the 101-18 to 101-21 . Beyond that a sellers should appear near 102-16 and the 102-22 to 102-26 region. Traders can sell at 102-22 for a turn lower, risk a c lose over 103-07 for three days in a row. Above that resistance is at 103-17 and the 104-07 region.
Support is at 99-29 then 99-21 under that buyers should appear near 99-09 and should contain a decline . Traders can buy at 99-10 and risk a close under 98-20 for three days in a row. Under that support 98-07 and 97-29. should contain a decline.. .
The Frenzied Forex Front
Support should appear near 8194 and 8164 then 8134 to 8119.. Traders can buy at 8165 and risk a close under 8119 for three days in a row Below that buyers should appear near 8082 and the 8044 to 8029 region.... Below that support is at 7992 and the 7954 to 7939 region, which should contain a decline..
Nearby Resistance should appear near 8223 then 8261, an extended trade over 8261 is friendly and augurs for a test of the 8300 to 8314 region. A close over 8314 is friendly and augurs for a test 8391 to 8406.. beyond that sellers should appear near 8484 to 8499 ..
Traders should go long if a close over 8262 occurs..
Nearby Support should appear near 8964 to 8934 and 8871 to 8856.. A Slip under augurs for a test of support at 8777 to 8762 and eventually 8683 to 8668. Traders can buy at 8683 for a bounce risk a close under 8622 for three days in a row.. Under that buyers should appear near the 8589 to 8560 region..
Nearby Resistance is at the 9040 to 9060 region…Beyond that sellers should appear near the 9100 region..Beyond that 9140 to 9160 and 9235 offers resistance..Traders can sell at 9235 and hold for lower prices…
Traders can go short if a close under 9001 occurs..
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near the 5945 to 5957 region. Above that sellers should appear near 6023 to 6035… Above that 6101 to 6113 offers resistance and should cap a rally.. Traders can sell at 6101 and risk a close over 6115 for three days in a row…. Beyond
That sellers should appear near 6165 to 6190…
Support should appear near 5912 , a close under augurs for a test of 5880 to 5855 and eventually the 5805 to 5792.. a close under 5792 is negative and augurs for a test of the 5729 to 5716 region where buyers should appear and contain a decline. Traders can buy at 5730 for a bounce risk a close under 5716 for three days in a row Below that 5653 to 5640 should hold for a bit..
Stay tuned for Flashes...
Aggressive Traders can go short if a close under 5912 occurs..
June British Pound
Support should appear near 1.4372 then 1.4292 and the 1.4210 to 1.4150, which should contain a decline for a bit Failure there augurs for and 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 6467 then 6430 to 6417 Traders can buy at 6431 and hold for higher prices.. Under that support should appear near 6383 and the 6350 to 6337 region..
Resistance is at 6482 to 6509 .. Above that sellers should appear near 6577 to 6591 and 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 264.1 and the 262 to 261. 2 region .. Below that
259.10 should contain a decline for a bit.. Under that support is at 256.80 to 255.10..
Resistance is at 266.3 to 267.2 and 269…. However a close over 267.20 is friendly and augurs for an eventual test of 271.6 to 272.4.. Beyond that a trade towards the 275.8 to 277.5 region is likely.
July Copper
Support is at 7780 to 7765 and the 7690 to 7675 region.. Traders can buy at 7695 and hold for higher prices, risk a close under 7585 for three days in a row. Under that buyers should appear near 7515 to 7485 and the 7430 to 7415 region and contain a decline..
Resistance should appear near 7835 to 7865 a close over 7865 is friendly and augurs for a test of 7935 to 7955 and eventually 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..
Traders should go long if a close over 7865 occurs..
July Silver
Support should appear near 444.5 to 442 and the 438.5 to 437 region. Under that 432 to 430.5 should Contain a decline.. Traders can buy at 432 and risk a close under 423.5 for three days in a row.
Resistance is at 450.5 to 451.5. A close over 451.5 is friendly and augurs for a test of 458 to 458.5 and beyond to 463.5 to 465.5 Beyond that sellers should appear near 469.5 to 471.5
Traders should go long if a close over 451.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
June Crude
Nearby Resistance is at 2775 and 2820 to 2828.. Beyond that sellers should appear near 2874 to 2883..Above that resistance is at 2928 to 2937 and the 2974 to 2992 region. Traders can sell at 2974 and hold for lower prices. Risking a close over 3045 for three days in a row..Above that 3092 to 3102 offers resistance.
Support is at 2724 to 2716 and the 2672 to 2663 region Under that buyers should appear near 2620 to 2612…. Traders can buy at 2620 for a bounce and risk a close under 2612 for three days in a row ..Below that support is at 2568 to 2553 and the 2519 to 2512 region..Below that 2469 to 2461 should contain a decline..
Aggressive traders can go short if a close under 2741 occurs..
Stay Tuned for Updates…
June Unleaded Gas
Support should appear near 10137 to 10105 the 10040 to 1000 region..A slip under augurs for a test of 9935 to 9920 ..Below that buyers should appear near 9840 to 9820 and the 9737 to 9706 region.A close under 9705 is negative and augurs for a test 9640 to 9625 and 9545 to 9525. below that support is at 9350 to 9315 and 9235. traders can buy at 9235 and hold for higher prices..
Resistance is at 10185 and the 10320 to 10360 region Beyond that resistance should appear near 10580 to 10630 and 10680… While sellers should appear near 10960 to 11010
Traders can sell at 10955 and hold for lower prices.. .
June Heating Oil
Resistance is at 7590 to 7600 region, above that sellers should appear near 7675 to 7690 and 7760 to 7780. Traders can sell at 7755 and hold for lower prices, risk a close over 7865 for three days in a row
Support is near 7510, a close under 7510 is negative and augurs for a test of 7430 to 7415 and the 7345 to 7325 region. Below that support is at 7170 to 7140. Under that a test of the 6755 to 6740 region is likely Traders can buy at 6755 for a bounce , risk 125 pts.
Aggressive Traders can go short if a close under 7510 occurs..
Stay Tuned for Energy Updates
The Grand Grains
Resistance is at 431 1/2 and the 437 to 438 1/2 region..A close over 438 1/2 is friendly and augurs for a test of 442 to 444 3/4 and beyond towards 450 1/2 to 451 1/2 and the 457 1/4 to 458 1/2 region.
July Soy Meal
Resistance should appear near 152.9 to 153.5 then 155.2 and the 156.9 to 157.6 region.
Support is at 149.6 to 148.4 and 145.9 to 145.3. Traders can buy at 145.90 and hold for higher prices..
July Soybean Oil
Support is near 1496 to 1484.and the 1459 to 1453 region.
Resistance should appear near 1529 to 1535 and close over augurs for a test of 1569 to 1576 beyond that sellers should appear near 1609 to 1615.
July Corn
Resistance should appear near 212 3/4 to 213 1/2 and the 217 to 218 1/2 region.
Support should appear near 208 3/4 to 208 and 204 1/4 to 203 1/2 under that
195 3/4 to 194 3/4 should hold..
July Wheat
Support should appear near 275 1/2 and 272 1/2 to 271 3/4 .. Below that support is at
267 1/4 to 266 1/2 and 262 to 261 1/2 Below that buyers should appear near 256 3/4
to 255 1/4..
Resistance is at 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..
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
July Cotton
Nearby Support should appear near 4585 to 4570 region and the 4515 to 4505 region.. Below that 4445 to 4425 should contain a decline basis the close Traders can buy at 4445 and risk a close under 4425 for three days in a row.. Under that support is at 4380 to 4370 then 4315 to 4305 and the 4250 to 4235 region
Resistance is at 4635 to 4650 then 4695 to 4720 and the 4775 to 4785 region.. Beyond that sellers should appear near 4845 to 4855. A close over 4855 is friendly and augurs for a test of 4915 to 4925 and the 4970 to 4995 region..Beyond that a test of 5035 to 5065 is likely
..
Aggressive Traders can go long if a close over 4650 occurs..
July Coffee
Support is near 5955 to 5945 then 5880 to 5855 and the 5805 to 5790 region.. Under that a test of 5730 to 5715 is likely.. below that buyers should appear near 5655 to 5640 and the 5575 to 5555 region.. Traders can buy at 5580 for a turn higher, risk a close under 5550 for three days in a row Below that 5430 to 5420 should contain a further decline for a bit..
Nearby Resistance should appear near 6035, a close over 6035 augurs for a test of 6100 to 6115..An extended trade over 6115 indicates a trade towards 6250 to 6270. Beyond that resistance is at 6335 to 6355 and the 6415 to 6430 region… Above that sellers should appear near 6485 to 6505 and the 6575 to 6590 region.
Traders should go long if a close over 6035 occurs
July Sugar
Resistance is at 823 and 847 to 852. Beyond that sellers should appear near 877 to 882 and the 097 to 912 region. Traders can sell at 907 and risk a close over 941 for three days in a row…
Support should appear near 814 then 795 to 791 Traders can buy at 796 and risk a close under 779 for three days in a row Below that buyers should appear near 767 to 763 . Under that support should appear near 739 to 735 and 712 to 704
July Cocoa
Support is at 986 and the 972 to 968 region.. Traders can buy at 973 and risk a close under 968 for three days in a row. Under that support should appear near 954 and the
941 to 932 region..Below that 912 to 907 should contain a decline basis the close .
Resistance should appear near the 1000 to 1005, a close over 1005 is friendly and augurs for a test of 1032 to 1036 and the 1058 to 1068 region..Above that resistance is at 1096 to 1101 should cap a rally for a bit
Traders should go long if a close over 1005 occurs.
June Cattle
Support is near the 7170 to 7140 region ..Below that 7092 to 7072 should hold..
Nearby Resistance is at 7242 to 7257 and the 7327 to 7342 region.
June Hogs
Nearby Support is at 7172 to 7172 . A slip under augurs for a test of 7092 to 7072 and the 7002 to 6992.. region.. Traders can buy at 7002 and hold for higher prices..
Under that support is at 6922 to 6907 and the 6837 to 6807 region. Below that Buyers should appear near 6757 to 6742
Nearby resistance is at 7257 , a close over 7257 is friendly and augurs for a test of 7327 to 7342 and the 7412 to 7427 region…Above that a test of 7487 to 7512 and the 7587 to 7602 region is likely…
Trade Accordingly and stay tuned for updates
Support is at the 8777 to 8762 region...Under that support is at 8682 to 8667 and the 8587 to 8562 region.. Below that buyers should appear near 8497 to 8482 and the 8407 to 8392 region and contain a decline..A slip under indicates a test of 8317 to 8297 and the 8227 to 8192 region..
Nearby resistance is at 8857 to 8872, an extended trade over augurs for a test of 8932 to 8967 ..A close over 8967 is friendly and augurs for a test of 9137 to 9162 and 9237.. beyond that a test of 9317 to 9347 is likely a close over 9347 is friendly and augurs for a test of 9422 to 9447 and beyond..
Stay tuned for Livestock BW Update and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Sunday April 22, 2001
1:00 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 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 @ 1996 - 2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.
FuturesCom Investment Publications Performance: as of 4-20-2001
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
---------------------------------------------------------------------
Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95
Feb 1999 Value $ 404,088.95
Feb 2000 Value $ 786,154.75
Feb 2001 Value $ 986,850.25
April 20,2001 Value $ 1,068,567.75
Recommended Open Positions as of 4-20-2001
Long 5 May Beans 436 1/4
Long 10 May Silver 435 avg
Long 5 July Coffee 6070
Long 10 June Gold 262
Long 5 July Hogs 6840
Long 5 May Pork Bellies 9165
Long 10 July Wheat 273 1/4 avg
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 current $ 254,750.70
Recommended Open position as of 04-20-2001:
Long 2 June SP500 1247.50
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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 current $ 60,898.50
Recommended Open positions as of 4-20-2001:
Long May Silver 443.5
Long July Soybeans 430 1/2
Long July Wheat 278 1/2
Long May Bellies 8702
Long June Gold 264.1
------------------------------------------------------------------------------------------
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 current $ 73,101.25
Recommended Open positions as of 4-20-2001: NONE
------------------------------------------------------------------
Set Aside:
2000 BW & MC Gains $ 23,712.55
-------------------------------------------------------------
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.
Copyright @ 1996-2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.