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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Thursday August 3rd 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
Wed August 2nd 2006
2:00 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Industrials
Resistance should appear near 11300 to 11360..
Support should appear near 11,155.00 and 11,010.00 to 10960.00
Sept SP500
Support is at 1274.00 to 1268.00 and 1253.00
Resistance should appear near 1289.00 and the 1304.00 to 1310.00 region
NASDAQ Composite
Support should appear near 2061.5 and 2042.00 to 2034.00
Resistance should appear near 2080.00 to 2089.00 and 2107.5
Sept Mini Nasdaq 100
Resistance should appear near 1512.50 and 1529.00 to 1535.00..
Support should appear near 1496.00 to 1484.00 and 1471.50.
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 8194 to 8223 and 8300 to 8314 .BW Traders can sell at 8300 for a turn lower and hold for lower prices..
Support should appear near 8134 to 8119 and 8044 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 8871 to 8856 and 8777 to 8762 ..
Sept Aussie Dollar
Support should appear near 7601 to 7587 and 7513 to 7486
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 1232.0 to 1238.0
Support is at 1169.0 to 1164.0
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 23540 to 23700 and 24110 to 24190
Support should appear near 22260 to 22190 and 21850 to 21700
Sept Heating Oil
Support should appear near 19960 to 19820
Resistance should appear near 21700 to 21850
The Lively Livestock
Oct Cattle
Support should appear near 8682 to 8667 and 8592 to 8562
Resistance is at 8762 to 8777 then 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
Recommended open position Short 6157
Resistance is at 6192 and the 6257 to 6272 region Beyond that sellers should appear near 6337 to 6352
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 8482 to 8502 and 8562 to 8592 .
Support is at 8317 to 8302 and 8222 to 8192
The Grande’ Grains
Nov Soybeans
Resistance at 602 1/4 to 603 1/2 and the 6101/4 to 611 1/4 region
Support should appear near 595 3/4 to 594 3/4 and 588 to 585 1/2
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 2775. and 2820 to 2829.
Support should appear near 2724 to 2716 and 2672 to 2663
Dec Corn
Resistance should appear near the 266 1/4 to 267 1/4 region
Support is at 256 3/4 to 255 3/4
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 10680 to 10580 and 10360 to 10320.
Resistance should appear near 10960 to 11010 and 11300 to 11360
Dec Cocoa
Support is at 1496 to 1484
Resistance should appear near 1569 to 1576
Oct Sugar
Resistance should appear near 1484 to 1496.
Support should appear near 1421 to 1415
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
Wed August 2nd 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 8-02- 2006
Short Oct Hogs 6157
Short Dec Bean Oil 2757