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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Wed August 2nd 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Tuesday August 1st 2006
2:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Industrials
Resistance in the Dow remains near 11,155.00 and 11300 to 11360..
Support should appear near 11,010.00 to 10960.00
Sept SP500
Support is at 1268.00 and 1253.00
Resistance should appear near 1274.00 then 1289.00 and 1304.00 to 1310.00
NASDAQ Composite
Support should appear near 2042.00 to 2034.00
Resistance should appear near 2080.00 to 2089.00
Sept Mini Nasdaq 100
Resistance should appear near 1496.00 and 1512.50 and 1529.00 to 1535.00..
Support should appear near 1471.50 and 1459.00 to 1453.00.
Sept Mini Russell 2000
Support is at 683.60 to 680.90 and 675.50 to 674.30
Resistance should appear near 699.00 to 700.30 and 707.40 to 708.30
Sept 10 Year T-Note
Resistance should appear near 106-07 and 106-21
Support is at 105-21 and 105-07
Sept 30 Year T-Bond
Resistance should appear near 108-21 which should cap the rally for now ..Beyond that sellers should appear near 109-07 and 109-21
Support is at 108-07 and 107-21
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region, which should cap a rally.
BW Traders can sell at 8933 and hold for lower prices..
Support should appear near 8777 to 8762 and 8683 to 8668
Sept Euro Currency (EC)
Support should appear at 12740 to 12680
Resistance should appear near 12890 and 13040 to 13100….BW Traders can sell at 13039 and Hold for lower prices..
Sept Swiss Franc
Resistance should appear near 8300 to 8314 .BW Traders can sell at 8300 for a turn lower and hold for lower prices..
Support should appear near 8134 to 811944 to 8029.
Sept British Pound
Support should appear near 18650 to 18580
Resistance should appear near 19020 to 19090.
BW Traders can sell at 19010 for a turn lower and hold for lower prices..
Sept Canadian Dollar
Resistance should appear near 8934 to 8964 and 9044 to 9060 , which should cap a rally. …
BW Traders can sell at 9042 for a turn lower and hold for lower prices..
Support is at 8777 to 8762 and the 8683 to 8668 region...
Sept Aussie Dollar
Support should appear near 7601 to 7587.
Resistance should appear near 7675 to 7689 and the 7763 to 7777 region ..
BW Traders can sell at 7762 and hold for lower prices
Precious Metals
Dec Gold
Resistance should appear at 665.9 to 667.3 and 674.3 to 675.5
Support is at 650.9 to 648.3 and 635.0 to 633.7
Sept Copper
Resistance should appear near 37950 to 38060 .. beyond that 39090 to 39290 should bring out sellers
Support should appear near 33860 to 33760, a close under augurs for a test of 31020 to 30920
Sept Silver
Resistance should appear near 1192.0 to 1203.0 and 1232.0 to 1238.0
Support is at 1169.0 to 1164.0 and 1136.0 to 1130.0
The Exciting Energies
Sept Crude oil
Resistance should appear near 7587 to 7601 and 7675 to 7689
Support should appear near 7428 to 7414 and 7342 to 7328
Sept Unleaded gas
Resistance should appear near 23150 to 23220 and 23540 to 23700
Support should appear near 22260 to 22190 and 21850 to 21700
Sept Heating Oil
Support should appear near 19960 to 19820 and 19530 to 19460
Resistance should appear near 21260 to 21340 and 21700 to 21850
The Lively Livestock
Oct Cattle
Support should appear near 8777 to 8762 and 8682 to 8667
Resistance is at 8932 to 8967 and the 9042 to 9062 region.. Which should cap a rally .
BW Traders can sell at 9037 and hold for lower prices..
Oct Hogs
Resistance is at 6162 to 6192 and the 6257 to 6272 region
Support should appear near 6117 to 6102 and 6037 to 6022
Dec Hogs
Resistance is at 6022 to 6037 and the 6102 to 6117 region
Support should appear near 5957 to 5942 and 5882 to 5852
August Pork Bellies
Resistance should appear near 8562 to 8592 and 8667 to 8682 .
Support is at 8407 to 8392 and 8317 to 8302.
The Grande’ Grains
Nov Soybeans
Resistance at 594 1/2 to 595 3/4 and 602 1/4 to 603 1/2.
Support should appear near 588 to 585 1/2 and 580 1/2 to 579 1/4 which should contain a decline.
Dec Soymeal
Resistance should appear near 168.9 to 169.6 then 173.1 to 173.8 and the 177.4 to 178.0 region..
BW Traders can sell at 177.3 and risk a close over 182.7 for three days in a row.,
Support should appear near 165.5 to 164.2 and the 161.5 to 160.9 region..
Dec Bean Oil
Recommended open position Short at 2757
Resistance should appear near 2758 to 2775. and 2820 to 2829.
Support should appear near 2724 to 2716 and 2672 to 2663
Dec Corn
Resistance should appear near 261 1/4 to 262 and the 266 1/4 to 267 1/4 region
Support is at 251 3/4 to 251 1/4 and the 246 3/4 to 246 1/4 region
Dec Wheat
Resistance should appear near 423 3/4 to 424 and 430 1/2 to 431 1/2
Support should appear near 412 to 411 and 405 3/4 to 404 3/4 .
BW Traders can buy at 405 3/4 and hold for higher prices..
Trade Accordingly
The Satisfying Softs
Dec ‘The Monster ' Coffee
Support should appear near 10135 to 10105 and the 10035 to 10020 region. ..
Resistance should appear near 10320 to 10380 and 10580 to 10680
Dec Cocoa
Support is at 1496 to 1484
Resistance should appear near 1569 to 1576
Oct Sugar
Resistance should appear near 1529 to 1535 region.
Support should appear near 1459 to 1453
Dec Cotton
Support should appear near 5655 to 5640 and 5505 to 5490 .
Resistance should appear near 5715 to 5730 and 5855 to 5880
A Ship in Harbor is Safe...But that is not what ships are built for -
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Tuesday August 1st 2006
3:00 PM South Florida Beach Time
FuturesCom Investment Publications © copyright 1996 – 2006 all rights reserved Terms
THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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.
BW Recommended Open Positions 8-01- 2006
Short Dec Bean Oil 2757