FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday Feb 25, 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 Morning Comments Special Reports Index Flashes
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"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--
FuturesCom’s Bookstore
Sunday, Feb 25, 2001
5:00 AM
Recommended Open Positions are at the end of the letter…Stay tuned for Flashes and Updates..
The Sensational Stock and Bond Markets
March SP500
Nearby Resistance is at 1253 an extended trade over is friendly and augurs for a test of 1268 to1274. While a close over 1274 indicates an eventual test of 1304 to 1310 and the 1322 region. Beyond that sellers should appear near 1334 to 1346.
Nearby Support should appear near 1238 to 1232.. Under that support is at 1217.5 and the 1203 to 1192 region. Below that buyers should appear near 1169 to 1164.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 10,470 and the 10,580 to 10,630 region and 10,680 however an extended trading period over 10,680 does indicate an eventual test of 10,820.
Support is at 10,360 to 10,340 and 10,320 ..Below that buyers should appear near
10,270 and then 10,135 to 10,105 region.
March Bonds
Resistance should appear near 104-17 then 105-09 and 105-23
Support is at 103-11 and the 102-26 to 102-17 region. Under that 101-29 should contain a decline.
The Frenzied Forex Front
Support should appear near 8668 and 8628. Traders can buy at 8631 and hold for higher prices , plan on risking a close under 8625 for three days in a row. Below that support is at 8589 to 8575 and 8560 .Under that support is at 8529 and the 8499 to 8485 region.
Nearby Resistance should appear near 8675 to 8683.. Beyond that a test of 8723 and the 8762 to 8777 region is likely.. A close over 8777 is friendly and augurs for a test of 8856 to 8871..
Traders should go long if a close over 8683 occurs..
March Euro
Support should appear near the 9156 to 9140 region. A Slip under augurs for a test of support at 9060 to 9040. Under that a slip towards 8965 to 8935 is likely.
Resistance is at 9235, Aggressive traders can sell at 9235 for a turn lower and hold for higher prices.. Beyond that sellers should appear near 9316 to 9347.. Above that sellers should appear near 9383 then 9429 to 9445.. Beyond that resistance is at 9583.
Trade Accordingly and stay tuned for Updates.
March Swiss Franc
Resistance should appear near 6023 to 6035 then 6068 and the 6101 to 6113 region. where sellers should appear and cap a rally for a bit. Traders can sell at 6113 and hold for lower prices risking a close over 6139 for three days in a row …beyond that resistance is at 6165 to 6190.
Support should appear near 5957 to 5945 and the 5880 to 5855, region, where buyers should appear and contain a decline. However a close under 5855 is negative and augurs for a test of 5805 to 5792 and eventually the 5729 to 5716 region.
Traders should go short if a close under 5945 occurs.
Stay tuned for Flashes...
March British Pound
Support should appear near 1.4422 then 1.4372, which should contain a decline for a bit …Below that support is at 1.4110 to 1.4150.
Resistance is at 1.4590 and 1.4710,a close over 1.4712 is friendly and augurs for a test of 1.4840 to 1.4900. Beyond that sellers should appear near 1.4960.
Trade accordingly and stay tuned for flashes
March Canadian Dollar
Support should appear near 6483 and the 6430 to 6415 region.. Traders can buy at 6430 and hold for higher prices.
Resistance is at 6509 then 6547 and 6577 to 6591.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
April Gold
Support should appear near 261.2 region.. Below that support is at 259.2 then
256.8 to 255.2.
Resistance is at 266 to 267.5 a close over 267.5 is friendly and augurs for a test of 271.5 to 272.5 and eventually 275.8 to 277.5.
Traders should go long if a close over 264.20 occurs..
May Copper
Support is at 7955 to 7940.Below that Buyers should appear near 7865 to 7835.. Traders can buy at 7865 and hold for higher prices..
Resistance should appear near 8030 to 8045 and 8120 to 8135, a close over 8135 is friendly and augurs for a test of 8195 to 8225 and eventually the 8300 to 8315 region. Beyond that a test of 8390 to 8405and beyond is likely
Traders should go long if a close over 8135 occurs..
May Silver
Support should appear near 445 to 442.5 and the 438.5 to 437 region..Below that Buyers should appear near 425 to 422.5
Resistance is at 450 to 452 and 457 to 458.5. A close over 458.5 is friendly and augurs for a test of 463 to 465 and beyond to 469 to 471.5
Traders should go long if a close over 458.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
April Crude
Resistance is at 2928 to 2937 and the 2974 to 2992 region. Beyond that sellers should appear near the 3036 to 3045 region.. Traders can sell at 3036 and hold for lower prices..Risking a close over 3102 for three days in a row..Above that 3194 to 3213 offers resistance.
A close under 2612 for three days in a row.
Traders should go short if a close under 2874 occurs.
Stay Tuned for Updates…
April Unleaded Gas
Support should appear near 8965 to 8935.. Under that support is at 8875 to 8855 and the 8780 to 8760 region.. below that a test of 8590 to 8560 and the 8500 to 8485 region is likely. Under that traders can buy at 8410 and hold for higher prices..
Resistance is at 9140 to 9160 and 9235. Above that a test of 9315 to 9345 and the 9420 to 9445 region is likely.. A close over 9445 is friendly and augurs for a test of
9525 to 9545 and the 9650 region.
April Heating Oil
Resistance is at 7325 to 7340 and the 7590 to 7600 region, above that sellers should appear near 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 7240, a close under 7240 is negative and augurs for a test of
7090 to 7075 and 7005 to 6990. Below that support is at 6835 to 6810 and the
6755 to 6740 region... Traders can buy at 6755 for a bounce , risk 125 pts.
Stay Tuned for Energy Updates
The Grand Grains
Nearby Support is at 444 3./4 to 442 1/4 and 438 to 437, under that buyers should appear near 418 to 416.
Nearby Resistance is at 450 to 451 1/2 beyond that resistance is at 463 to 465 and 469 1/2 to 471 3/4. Above that resistance is at 484 1/2 to 485 3/4.
Traders should go Long if a close over 458 1/2 occurs.
May Soy Meal
Resistance should appear near 160.9 to 161.5 and the 165.3 to 165.9 region.
Support is at 156.9 then 153.5 to 152.9
May Soybean Oil
Support is near 1496 to 1484 then 1459 to 1453
Resistance should appear near 1529 to 1535 and 1569 to 1576.
May Corn
Resistance should appear near 218 1/2 ..Beyond resistance is at 221 3/4 to 222 3/4
And the 226 3/4 to 227 1/2 region.
Support should appear near 213 1/2 to 212 3./4 and 210 3/4..Below that support is at 208 3/4 to 208.
May Wheat
Support should appear near 267 1/2 to 266 then 262 to 261 1/2 and 257 to 255 1/2..
Resistance is at 271 3/4 to 272 1/2 and the 275 3/4 to 277 1/2 region. Beyond that a test of 282 to 283 and the 287 1/2 to 288 1/4 region is likely
Traders should go long if a close over 272 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
May Cotton
Nearby Support should appear near 5505 to 5490 . Under that buyers should appear near 5430 to 5415 and the 5355 to 5345 region.. Below that support is at 5285 to 5255.
Resistance is at 5555 to 5575 and 5640 to 5655, a close over 5655 is friendly and augurs for a test of 5715 to 5730 and the 5790 to 5805 region Beyond that sellers should appear near the 5855 to 5880 region.
May Coffee
Support is near 6670 to 6655 then 6510 to 6485 and the 6430 to 6415 region..Below that buyers should appear near 6350 to 6335 and the 6270 to 6255 region.
Nearby Resistance should appear near 6740 to 6755. Beyond that a test of 6810 to 6835 and the 6905 to 6920 region is likely.. A close over 6920 is friendly and augurs for a test of 7075 to 7085
May Sugar
Resistance is at 907 to 912 then 932 to 941 Above that sellers should appear near
968 to 972.
Support should appear near 882 to 877 region. Below that a test of 852 to 847 is likely
Under that support should appear near 795 to 791.Traders can buy at 796 and hold for higher prices..
May Cocoa
Support is at 1164 and 1136 to 1130, a close under 1130 is negative and augurs for a test of 1101 to 1096 Under that support is at 1068 to 1058
Resistance should appear near the 1192 to 1203. Above that resistance is at 1232 to 1238 and the 1268 to 1274 region.
April Cattle
Support is near 8042 to 8027 an extended trade under 8027 is negative and augurs for a test of 7957 to 7937 and the 7867 to 7837 region.
Nearby Resistance is at 8117 to 8137.. Traders can sell at 8117 And risk a close over 8227 for three days in a row. Beyond that resistance is at 8302 to 8317 and the 8392 to 8407 region.
Traders should go short if a close under 8027 occurs
April Hogs
Support is at 6112 to 6102 and 6037 to 6022. A close under 6022 is negative and augurs for a test of 5957 to 5942. Under that support is at 5882 to 5857 and the
5807 to 5792 region.
Nearby resistance is at 6257 to 6272 . Beyond that resistance should appear near 6332 to 6352.. Above that resistance should appear near the 6417 to 6432 region
and Cap a rally..
Traders should go short if a close under 6162 occurs
Support is at 7342 to 7327. A close under 7327 is negative and augurs for a test of 7172 to 7142.. Under that buyers should appear near 7087 to 7072 and the
7007 to 6992 region.
Nearby resistance is at 7512 and the 7787 to 7602 region.. Beyond resistance is near 7672 to 7692.. Beyond that Sellers should appear near 7762 to 7777 and the 7937 to 7957 region.
Stay tuned for Livestock Updates and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Sunday Feb 25, 2001
10:45AM
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 @ 2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.
Recommended Positions as of 2-23-2001
Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 2-23-2001:
Short May Cocoa 1169
Long May Cotton 5580
Long 2 March SP500 1317.20 avg
Short April Hogs 5852
Long May Coffee 6690
Long March Silver 443.5
Short March Pork Bellies 7322
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper01.html
Recommended Open positions as of 2-23-2001: NONE
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Recommended Open Positions as of 2-23-2001
Long 10 March SP500 1266.20 avg
Long 4 March Yen 8442
Long 10 May Beans 467 avg
Short 5 May Bean 500 Calls 7 1/2
Long 10 June / Short 10 April Hogs 612
Short 20 April Hogs 5922 avg
Short 5 April Crude 2867
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Index Program Archives : http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 02-23-2001
Long March 3 SP500 1327.80 avg