FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday March 11, 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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Many an Optimist has become Rich by Buying out a Pessimist”
--Robert G. Allen, Multiple Streams of Income
Sunday, March 11 2001
7:00 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 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.
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.
Traders can buy at 1169 and hold for higher prices.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 10,680. However an extended trading period over 10,680 does indicate an eventual test of 10,820 and more likely the 10,960 to 11,010 region
Support is at 10,630 to 10,580. ..Below that buyers should appear near 10,470 and 10,360 to 10,320. region. Below that 10,270 should contain a decline.
June Bonds
Resistance should appear near 105-23 and 106-07, beyond that a test of 106-24 and the 107-04 region is likely.
Support is at 105-06 and 104-26. Under that 104-09 should contain a decline. Traders can buy at 104-09 and risk a close under 103-23 for three days in a row.
The Frenzied Forex Front
Support should appear near 8407 to 8390 and the 8315 to 8300 region.. Traders can buy at 8316 and hold for higher prices , plan on risking a close under 8300 for three days in a row. Below that support is at 8225 to 8195 and the 8130 to 8115 region.
Nearby Resistance should appear near 8484 to 8499... A close over 8499 is friendly and augurs for a test of 8560 to 8589 .. Beyond that a trade towards 8668 to 8683 is likely
Traders should go long if a close over 8499 occurs..
June Euro
Nearby Support should appear near 9316. A Slip under augurs for a test of support at 9235 and eventually 9160 to 9140 . Under that a slip towards 9060 to 9040 is likely.
Nearby Resistance is at 9347, Aggressive traders can sell at 9347 or better for a turn lower and risk a close over 9445 for three days in a row..... Above that sellers should appear near 9383 then 9429 to 9445.. Beyond that resistance is at 9526 to 9542 and 9583. ….Traders can sell at 9583 and hold for lower prices..
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near the 6101 to 6113 region. where sellers should appear and cap a rally for a bit. Beyond that resistance is at 6165 to 6190 and 6257 to 6270.
Above that 6337 to 6350 should cap a rally for a bit.
Support should appear near 6068 and 6035 to 6025 where buyers should appear and contain a decline. However a close under 6023 is negative and augurs for a test of 5990 and eventually the 5957 to 5945 region. Below that support is at 5912 then
5880 to 5855.
Traders should go short if a close under 6023 occurs.
Stay tuned for Flashes...
June British Pound
Support should appear near 1.4590 to 1.4560 and 1.4530 , which should contain a decline for a bit …Failure there augurs for and eventual test of 1.4372.
Resistance is at ,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
June Canadian Dollar
Support should appear near the 6430 to 6417 region.. Traders can buy at 6430 and hold for higher prices. Under that support is at 6383 then 6350 to 6337
Resistance is at 6483 and 6509.Beyond that a test of 6547 is likely .. Above that sellers should appear near 6577 to 6591.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
April Gold
Support should appear near 2269.2 then 267.2 to 266.3 .Traders can buy at 266.5 and hold for higher prices, risk a close under 261 for three days in a row.. Below that support is at 259.2 then 256.8 to 255.2.
Resistance is at 271.5 to 272.5.. A close over 272.5 is friendly and augurs for a test of 275.8 to 277.5 and eventually 282 to 282.9 and beyond towards 287.4
Aggressive Traders should go long if a close over 272.5 occurs..
May Copper
Support is at 8315 to 8300 and 8225 to 8195.Below that Buyers should appear near 8035 to 8025 Traders can buy at 8035 and hold for higher prices..Risk a close under 7935 for three days in a row
Resistance should appear near 8390 to 8405, a close over 8405 is friendly and augurs for a test of 8485 to 8500 and eventually the 8560 to 8590 region. Beyond that a test of 8665 to 8685 and beyond towards 8760 to 8775 is likely..
Traders should go long if a close over 8405 occurs..
May Silver
Support should appear near 451.5 to 450 and 445 to 442.5. Under that buyers should appear near the 438.5 to 437 region..Below that support is at 425 to 422.5
Resistance is at 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
May Crude
Resistance is at 2874 to 2883 then 2929 to 2937 and the 2974 to 2992 region. Beyond that sellers should appear near the 3036 to 3045 region.. Traders can sell at 3035 and hold for lower prices..Risking a close over 3102 for three days in a row..Above that 3194 to 3213 offers resistance.
Support is at 2829 to 2820, a close under 2820 is mildly negative and augurs for a test of the 2775 to 2758 region.. Below that a slip towards 2724 to 2716 and the 2672 to 2663 region is likely … Under that buyers should appear near 2620 to 2612 .. Traders can buy at 2622 for a bounce , risk A close under 2612 for three days in a row.
Traders should go short if a close under 2820 occurs.
Stay Tuned for Updates…
May Unleaded Gas
Support should appear near 8855 and the 8780 to 8760 region. A close under 8760 is negative and indicates a test of 8590 to 8560 and the 8500 to 8485 region is likely.
Under that buyers should appear near 8405 to 8390 ..and the 8315 to 8300 region… traders can buy at 8315 for a bounce and hold for higher prices.. Risk a close under 8195 for three days in a row.
Resistance is at 8935 to 8965 and 9040 to 9060 ..Beyond that sellers should appear near 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.
Traders should go short if a close under 8760 occurs.
May 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 7170 to 7140 , a close under 7140 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 458 1/2 to 457 1/2, Traders can buy at 458 3/4 and hold for higher prices, Under that buyers should appear near 451 1/2 to 450 and the 444 3/4 to 442 1/2 region..Below that 438 1/4 to 437 should contain a decline.
Nearby Resistance is at 463 to 465, a close over 465 is friendly and augurs for a test of 469 1/2 to 471 3/4 and the 477 to 478 3/4 region.. Above that resistance is at 484 1/2 to 485 3/4 ..
Traders should go Long if a close over 465 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 1615 to 1609 and 1576 to 1569.. Below that 1535 to 1529 should hold.
Resistance should appear near 1642 to 1655 and 1689 to 1696. Beyond that a test of 1731 is likely.
May Corn
Resistance should appear near 221 3/4 to 222 3/4 and the 226 3/4 to 227 1/2 region.
Support should appear near 218 1/2 to 217 and 213 1/2 to 212 3./4 .Below that support is at 208 3/4 to 208..
May Wheat
Support should appear near 277 1/2 to 275 3/4 and 271 3/4 to 272 1/2.. Traders can buy at 275 3/4 and hold for higher prices.. Risk a close under 271 3/4 for three days in a row. Below that buyers should appear near 267 1/2 to 266 3/4 under that 262 to 261 1/4 should contain a decline.
Resistance is at 282 to 282 3/4, a close over 283 is friendly a augurs for a test of the 287 1/2 to 288 1/4 and the 292 3/4 to 293 3/4 region
Traders should go long if a close over 282 3/4 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
May Cotton
Nearby Support should appear near 5215 to 5200 and the 5065 to 5035 region..
Below that support is at 4925 to 4915.
Resistance is at 5345 to 5355 and 5415 to 5430 and the 5490 to 5505 region.
May Coffee
Support is near 6350 to 6335 then 6270 to 6255...Below that buyers should appear near 60435 to 6025 and the 5965 to 5945 region. Traders can buy at 5965 and hold for higher prices.
Nearby Resistance should appear near 6415 to 6430 and the 6485 to 6510 region
An extended trade over 6510 is friendly and augurs for a test of 6575 to 6590. Beyond
that sellers should appear near 6655 to 6670.
Traders should go long if a close over 6510 occurs.
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 1068 to 1058, a close under 1058 is negative and augurs for a test of 10326 to 1032 Under that support is at 1005 to 1000 and the 972 to 968 region..
Traders can buy at 972 and risk a close under 968 for three days in a row.
Resistance should appear near the 1096 to 1101. Above that resistance is at 1130 to 1136, traders can sell at 1130 and risk a close over 1169 for three days in a row.
Beyond that sellers should appear near 1192 to 1203..
April Cattle
Support is near 7937 and the 7867 to 7837 region. Under that a test of the 7777 to 7762 region is likely,.. A close under 7762 is negative and augurs for a test 7602 to 7587…
Nearby Resistance is at 7957 then 7992. Then 8027 to 8047…
Traders can sell at 7992 and risk a close over 8047 for three days in a row..Beyond that resistance is at 8117 to 8137 and the 8192 to 8227 region.
Trade Accordingly..
Support is at 6272 to 6257. A close under 6257 is negative and augurs for a test of 6192 to 6162. Under that support is at 6112 to 6102 and the 6037 to 6022 region.
Nearby resistance is at 6332 to 6352.. Above that resistance should appear near 6417 to 6432 and the 6482 to 6512 region..
Traders should go short if a close under 6257 occurs.
June Hogs
Support is at 6907 and 6837 to 6812. Under that support is at 6755 to 6742 and the 6672 to 6657 region.
Nearby resistance is at 6992 to 7002.. Above that resistance should appear near 7072 to 7087 and the 7142 to 7172 region..
Support is at 7862 to 7837.. A close under 7837 is negative and augurs for a test of 7777 to 7772. and the 7692 to 7677 region. Below that Buyers should appear near 7602 to 7587 and the 7512 to 7487 region..
Nearby resistance is at 7937 to 7957 and the 8027 to 8047 region.. Beyond resistance is near 8117 to 8137.. Beyond that Sellers should appear near 8297 to 8317 and the 8392 to 8407 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 March 11, 2001
12:30AM
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.
Bi Weekly Investment Outlook(BW)
Performance Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 3-9-2001:
Long May Silver 449
Short May Pork Bellies 8020
Short June Franc 6076
Long June SP500 1255.1
Long May Cotton 5580
Short 2 April Hogs 6127 avg
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper01.html
Recommended Open positions as of 3-9-2001: NONE
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Recommended Open Positions as of 3-9-2001
Long 4 March Yen 8442
Long 10 May Beans 467 avg
Long 10 June / Short 10 April Hogs 612
Short 25 April Hogs 6017 avg
Long 5 May Silver 451.5
Long 5 May Coffee 6600
Long 5 May Copper 8315
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Index Program Archives : http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 03-9-2001
Long June SP500 1253.40