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Morning Comments
October 29TH 2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995
http://www.futurescom.com
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--
Morning
Comments
Sunday Oct 28th, 2001
8:00 AM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Recommended Position: Long 2 , 8198 avg
Support should appear near 8135 to 8119
and the 8044 to 8029 region.
Resistance
should appear near 8195 to 8225 ..
December
Euro FX
Support
is
near 8901 then 8871 to 8856 and the 8777
to 8762 region...
Resistance
is
at 8934 to 8964
BW Traders should go long if a close over 8965 occurs
December
Swiss Franc
Support should appear near the 6034
to 6023
and the 5957 to 5945
region.. BW Traders can buy at 5957 and risk a close under
5945 for three
days in row
BW Traders should go long if a close over 6068 occurs
December
British Pound
Recommended Position Long 1.4716
Support
should appear near 1.4286
and the 1.4210
to 1.4150 region, which should contain a decline..
Resistance is at 1.4386 and the 1.4530 to
1.4590 region.
December
Canadian Dollar
Recommended open position: Long 6360
Support
should appear near the 6270 to 6256 region.
Resistance
is at 6350 and 6383.
December Australian Dollar
Recommended Position long 4995
Support is
at 4995 to 4973
Resistance should appear near 5037 to 5067 .
The Sensational Bond and
Stock Markets
30 Year
December
Bonds
Resistance
should appear near 108-04 . Above that sellers should appear
near 108-22. BW Traders can sell at 108-22 for a turn lower, risk a close
over 109-14 for three days in a row.
Support
is at 107-14 and 107-07 then 106-23.
Dow Jones Industrial Average
Resistance should appear
near 9625 to 9645 and 9707 to 9737.
Support is at 9444 to 9422 and 9347 to 9316.
December
SP500
Recommended Position
Short 1084.3
Resistance is at 1108.70 and 1115.5
then 1130 to
1136.
Support should appear near 1101 to 1096 and
1089
BW Traders should Go Short if a close under 1095.90 occurs
Nasdaq Composite
Resistance is
at 1774 to 1780
and 1808 to 1822.
Support is at 1758 and 1738 to 1731
December Mini- Nasdaq 100
Support is at
1421 to 1415
Resistance is at 1453 to 1459 and 1484 to 1496 then 1529 to 1535
Precious
Metals
December
Gold
Recommended Open Position : Long 2
288.9 avg
Support should
appear near 275.8..Under that buyers should appear near
272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance
is
at 279.4
and 282 to 282.8
Trade
Accordingly and tuned for updates..
December
Copper
Support should appear near 6270
to 6255 then 6190 to
6165 and 6115 to 6100
Resistance
should appear near 6350 and 6415 to
6430 and 6485 to 6505
December
Silver
Recommended Position Long
458.5
Support should appear near
the 412 to 411 region which should contain a decline for a
bit.
BW Traders can buy at 412 and hold for higher prices.. Below that buyers
should appear near 387.5 to 385.
Resistance is at 430 to 431.5..
The
Exciting Energies
December
Crude Oil
recommended
position long 2185
Resistance
is at
2219 to 226 and 2267 to
2275 .
Support
is at 2185 to 2170 then 2134 to 2126..
BW Traders should go long if a close over 2247 occurs..
December Unleaded Gas
Support should appear near the 5880 to 5855 region..Under
that 5805 to 5790 should hold for a bit. Below that buyers should appear
near 5655 to 5640..
Resistance
is at the 5945 to 5960 and 6025
to 6040
Stay tuned for Updates..
December
Heating Oil
Resistance
is at 6335 to 6350 and 6415 to 6430 then 6485 to 6510 ..
Support
should appear
near 6270 to 6255 under that support is at 6190 to 6165 and
the 6035 to 6020 region..
BW Traders can buy at 6190 and risk a close under
6095 for three days in a row...
Trade Accordingly
The
Lively Livestock Markets
December
Cattle
Recommended Position Long
6757
Support should appear near 6672 to 6652..
Resistance
is at 6742
to 6757.
December
Hogs
Support
is at 4717 to 4692 and 4652 to
4637
Resistance
is at 4787 and 4845 to 4855
February Pork Bellies
Recommended Position:
Long 2 6760
Support
should
appear near 6672 to 6657 and 6592 to 6577 then 6512 to 6482
Resistance
is
at 6742 to 6757 and 6807 to 6837
Stay
tuned for Livestock Updates and Flashes
The
‘Grand’ Grain
Markets
January
Soybeans
Recommended Position Long
429 1/2
Resistance
is at 437 to 438 1/2 and 442 1/2 to 444 3/4
Support
should appear near 431 1/2 to 430 and 424 3/4 to 423 3/4
BW Traders should go long if a close over 438 1/4 occurs.
December
Soybean Meal
Recommended Position Long
2 164 avg
Resistance
should appear near 164.2
to 165.5
Support
is at 161.5 to 160.9 and 159.1.
December
Soybean Oil
Support
is near 1496 to 1484
Resistance
should appear near the 1529 to 1535 .
December
Corn
Resistance should appear near 208 to
208 3/4 .
Support should appear near
204 1/2 to 203 1/2.
December
Wheat
Recommended Open Position: Long 2 285 3/4 avg
Support
should appear near 293 3/4 to 292 3/4 and 288 1/2 to 287 1/2 then 282 3/4 to 282
Resistance
should appear near the 297 1/4 to 299 region and
303 3/4 to 304 1/2
Stay
Tune for Updates and Flashes..
The Satisfying Softs
December
Cotton
Resistance is at 2925 to 2945 and 2970 to 2990
December
Coffee
Resistance
should appear near 4445 and 4505
to 4515 .
Stay tuned for updates
March
Sugar
Resistance
should appear near 682 to 686 .
Support
should appear
near the 661 to 656 region.
December
Cocoa
Support is at 986 .. Under that
buyers should appear near 972 to 968.
Resistance
should appear near 1000 to 1005 then 1018 and 1032 to 1036
-A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Sunday
October 28th, 2001
9:15 AM
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.
-----------------------------------------------------------------------------------------
Premier
Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-26-2001
Long 10 Dec Yen 8325 avg
Long 20 Dec Swiss 6147 avg
Long 30 Dec EC 9024 avg
Short 10 Dec SP500 1090.50 avg
Long 15 Dec Gold 286.1 avg
Long 10 Dec Hogs 5392
Long 4 Feb Hogs 5550
Long 16 Feb Bellies 6967
Long 10 Dec Wheat 282 1/4
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position as of 10-26-2001
Short 2 Dec SP500 1098.90
Morning Comments ( Day Trades )(MC)
http://www.futurescom.com/mcper01.html