FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday March 12, 2000
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
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Courage in a Speculator is merely confidence to act on the decision of his mind
Sunday, March 12, 2000
5:00 AM
The Sensational Stock and Bond Markets
June SP500
Resistance should appear near 1421, a close over 1421 is friendly and augurs for a test of 1437 Beyond that sellers should appear near 1543 to 1456 and 1459 regions. A close over 1459 is bullish and would indicate a trade towards the 1471.50 and eventually 1484 to 1490 and 1496 where sellers should appear. Traders can sell at 1490 and hold for lower prices. Initially plan on risking a close over 1496 for three days in row.
Nearby Support is at 1415..Below that support is at 1408 and should contain a decline basis the close.. A close under 1415 is negative and augurs for a test of 1405 and eventually 1399. Below that support is at 1383 to1380 and 1377. Under that buyers should appear near 1361.50 then 1351 and the 1346 to 1334 region. Traders can buy at 1346 and risk a close under 1340 for three days in a row
Traders should go long if a close over 1421 occurs. Stay tuned for Flashes
Dow Jones Industrial Avg.
Resistance remains near 10021 to 10037 region. Beyond that sellers should appear near 10,104 then 10,120 to 10,155. Beyond that a test of the 10,320 to 10,360 region is likely to occur.
Support should appear near 9921 under that 9879 and the 9840 to 9825 region offer support. Below that support should appear near 9737 to 9705 and contain the decline
for a bit. A slip under would indicate an eventual test of 9540 to 9526 and the 9445 region.
Cash NASDAQ
Nearby Resistance is at 5067 and the 5127 to 5139 region. Beyond that Sellers should appear near the 5200 to 5211. A close over 5215 is friendly and would suggest an advance towards 5259 to 5282 where sellers should Cap the Rally for a bit..
Support is at 5035 under that support is at 4995 to 4973 and the 4925 region.
Below that buyers should appear near 4855 to 4845 and the 4785 to 4775 region.
June NASDAQ 100
Support is at 4650 to 4639 and 4582 then 4537. Below that support is at 4447 to 4425. Under that buys should appear near 4382 to 4370 and the 4315 to 4305 region which should stop a decline for a bit.
Nearby Resistance is at 4695 to 4717. Beyond that sellers should appear near 4775.
A close over 4790 is friendly and augurs for a test of 4845 to 4856 then 4925 .Beyond that sellers should appear near 4975 to 4995 and Cap the rally for a bit.
Trade Accordingly..
June Bonds
Support is at 94-02 below that support is at 93-18 to 93-12 then 92-29. Under that support is at 92-12 then 92-06 and the 91-11to 91-06 region .. which should contain a decline for a bit. Traders can buy at 91-11 for a bounce and risk a close under 91-06 for three days in a row. Trade accordingly.
On the Upside Nearby resistance is at 94-18 and 94-31. Beyond that sellers should appear near 95-06 to 9512 and 95-26.. Then 96-09 and 96-23.. Traders can sell at 96-09 for a turn lower, risk a close over 97-07 for three days in a row..
The Frenzied Forex Front
Nearby Resistance is at 9582 and the 9625 to 9640 region.. A close over 9641 is friendly and augurs for a test of 9707 to 9737 where traders can sell for a turn lower at 9707 and risk a close over 9737 for three days in a row. Beyond that sellers should appear near 9821 and Cap a rally..
Nearby Support should appear near 9542 to 9526 and 9486 Under that buyers should appear near 9445 to 9423 and the 9378 region . Traders can buy at 9446 for a turn higher, risk a close under and the 9378 region for three days in a row. Below that Buyers should appear near 9347 to 9315 …
Stay Tuned for Flashes
June Swiss
Nearby Resistance is at 6068 , a close over 6068 is friendly and augurs for test of 6101 to 6113.. Beyond that resistance should appear near the 6165 to 6190 and
6257 to 6270 .. Traders can sell at 6255 for a turn lower and hold for lower prices.
Beyond that 6337 to 6350 should Cap a rally for a bit.
Nearby Support is at 6035 then 6023 and 5990. Traders can buy at 6029 for a turn higher ..hold for higher prices…Below that 5957 to 5945 should contain the decline for a bit..Traders can buy at 5957 and risk a close under 5870 for three days in a row.
Traders should go long if a close over 6068 occurs.
Stay tuned for Flashes...
June British Pound
Support should appear near 1.5760 and 1.5732 . Traders can buy at 1.5736 and hold for higher prices.. Under that support is at 1.5690 then 1.5520 and the 1.5350 to 1.5290 region..
Resistance is at 1.5836 and 1.5886 to1.5926. A close over 1.5926 is friendly and augurs for a test of 1.5986 and eventually the 1.6090 to 1.6150 region .Beyond that sellers should appear near 1.6286.
Traders should go long if a close over 1.5926 occurs.
Trade Accordingly and stay tuned for Flashes.
June Canadian Dollar
Nearby Support is at 6871 below that support is at 6836 to 6809 BW Traders can buy at 6837 and hold for higher prices.. Below that buyers should appear near 6783
Resistance is at 6906 to 6919 and 6955. Beyond that resistance is near 6990 to 7003 BW Traders can sell at 6990 for a turn lower and risk a close over 7003 for three days in a row..
Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
April Gold
Nearby Support is at 288.3 to 287.4. Traders can buy at 288.30 and hold for higher prices.. Below that support is at 283 to 282 and the 277 region.
Resistance is at 290.90 then 292.8 to 293.7. A close over 293.7 is friendly and augurs for a test of 297 to 299 and more likely the 304 region.
May Copper
Nearby Support is at 7865 to 7835 and the 7780 to 7765 region.. Traders can buy at 7780 for a turn higher..Risk a close under 7675 for three days In a row ..Under that buyers should appear near 7690 and the 7605 to 7590 region
Nearby Resistance is at 7940 to 7955 beyond that sellers should appear near 8025 to 8045.. Beyond that good sellers should appear near 8120 to 8135.. A close over 8135 is friendly and augurs for a test of 8300 to 8315..
May Silver
On the Nearby Support should appear 506 to 503 under that support at 499.5 to 497 and 492.5 to 491.5 should contain the decline, basis the close, for a bit..Traders can buy at 492.5 and hold for higher prices..
On the Upside. Nearby resistance is at 512.5 to 514 and the 520.0 to 521.5 region A close over 521.5 is friendly a augurs for a test of the 528 to 534 region.
Traders should go long if a close over 514.5 occurs.
Stay tuned for Flashes...
The Exciting Energies
May Crude
Resistance is at 2990, a close over is friendly and augurs for a test of the 3036 to 3045 region and eventually 3092 to 3101.. Traders can sell at 3092 and risk a close over 3157 for three days in a row ..Beyond that sellers should appear near 3194 to 3213 and cap a rally for a bit..
Nearby Support is at 2972 below that 2937 to 2928 offers support, a close under 2928 is negative and augurs for a test of 2883 to 2874 and eventually the 2829 to 2820 region.. Below that 2775 to 2758 should hold.. Traders can buy at 2776 and hold for higher prices.
Trade Accordingly and Stay Tuned For Flashes
May Unleaded Gas
Resistance is at 9315 to 9345 and 9525 to 9540.. Beyond that sellers should appear near 9625 to 9640 …Traders can sell at 9625 for a turn lower and hold for lower prices.. Beyond that resistance is at 9707 to 9737 and the 9825 region which should cap
a rally..
Nearby Support is at 9236. A close under augurs for a test of 9155 to 9140 and eventually the 8870 to 8850 region. Under that buyers should appear near 8777 then 8685 to 8665 and the 8590 region ..Traders can buy at 8590 for a turn higher , risk a close under 8560 for three days in a row.
May Heating Oil
Resistance is at 7145 to 7170 and 7245.. Beyond that sellers should appear near 7325 to 7345 .. Traders can sell at 7345 and risk a close over 7430 for three days in a row.
Beyond that Resistance should appear near 7590 to 7605.
.
Nearby Support is 7075.. A close under 7070 is negative and augurs for a slip towards 7005 to 6990 and 6835 to 6805. Under that Buyers should appear near 6755 to 6740.. Traders can buy at 6755 and hold for higher prices..
Trade Accordingly. and Stay tuned for Flashes
The Grand Grains
May Beans
Nearby Support is at 509 1/2 and 506 to 503 3/4 under that buyers should appear near the 499 1/2 to 497 region, a close under 497 is negative and augurs for a test of 492 3/4 to 491 1/2..below that support is at 485 3/4 to 484 1/2 ..traders can buy at 492 3/4 and risk a close under 484 for three days in a row.
Resistance is at 512 3/4 to 515 3/4. A close over 515 3/4 is friendly and augurs for a test of 525 to 528 and 534 1/2 to 535 3/4 Stay tuned for Flashes
Traders should go long if a close over 516 occurs.
May Soybean Meal
Support is near the 165.5 to 164.2 can buy at 165.5 and hold for higher prices Under that support is at 162.9. Under that 161.5 to 160.9 should contain a decline basis the close.. .
Resistance is at 167.2 , a close over 167.2 is friendly and augurs for a test of the 168.9 to 169.6 region and beyond towards 173.1 to 173.8. Above that resistance should appear near 177.3 to 178.
May SoyBean Oil
Support is at 1615 to 1609 and 1576 . Below that buyers should appear near the 1535 to 1529 region.
Resistance should appear 1642 to 1655. Beyond that sellers should appear 1690.
and the 1731 to 1745 region.
May Wheat
Resistance is at 261 to 262, a close over 262 is friendly and augurs for a test of 266 1/2 to 267 1/2 and beyond towards 275 3/4 to 277 3/4. Beyond that a test of 279 3/4 is likely.
Support is at 256 3/4 to 255 1/4 below that support at 251 3/4 to 251 should hold.. Traders can buy at 252 and risk a close under 246 for three days in a row. Below that
242 to 241 1/4 should contain a decline..
Traders should go long if a close over 262 occurs
May Corn
Resistance is at 227 1/2, a close over is friendly indicates a test of 231 1/2 to 232 1/4 and beyond towards the 235 1/2 to 237 region .. Beyond that sellers should appear near the 241 to 242 region.
Support should appear near 224 1/2 . Traders can buy at 224 1/2 and hold for higher prices Below that buyers should appear near the 222 1/2 to 221 1/4 region and contain a decline for a bit. Under that 218 1/2 to 217 should hold
Trade Accordingly.
Traders should go long of a close over 227 1/2 occurs.
May Cotton
On the DownSide Nearby Support is at 6350 to 6337 and 6270 to 6257.
Below that support should appear near 6190 to 6165. Traders can buy at 6190 and hold for higher prices.. Under that support is at 6035 to 6023. Below that 5957 to 5945
Should hold..
Resistance is at 6415 to 6430 and 6490 to 6505. A close over 6505 is friendly and augurs for a test of 6577 to 6590. Above that sellers should cap a rally near 6659
to 6675
Trade Accordingly
May Sugar
Support is at 515 then 507 and 500. Below that support should appear near 493 to 490 and 481. Which should contain a decline basis the close for a bit.. Traders can buy at 481 and risk a close under 467 for three days in a row.
Resistance is at 525, a close over 525 is friendly augurs for a test of 534 to 538 and eventually the 559 to 562 region.. Beyond that a test of 571 is likely.
Traders should go long if a close over 525 occurs.
Trade Accordingly
May Coffee
Support is at 106.30 and 105.80. Under that buyers should appear near 104.75 and 103.60 to 103.20.. Traders can buy at 103.20 for a bounce and hold for higher prices…
Below that buyers should appear near 101.55 to 101.05 and the 100.50 to 100.00 region.
Resistance remains near 106.80 and 108.10, an extended trade over 106.80 is friendly and augurs for another test of the 109.60 to 110.10 region. A close over 110.10 is friendly and indicates a test of 111.55 and the 113.20 to 113.60 region is likely to occur.
Traders should go long if a close over 106.80 occurs.
Trade Accordingly and Stay Tuned for Flashes
May Cocoa
Resistance is at 863 and the 877 to 882 region Beyond that sellers should appear near 896 then 907 to 915
Support is at 847 then 835 and 823 to 814 . Below that buyers should appear near 795 to 791.
Stay Tuned for Flashes.
April Cattle
Nearby Support is at 7252 to 7242 A close under 7242 is negative and augurs for a test of the 7172 to 7142 region. Below that buyers should appear near 7087 to 7072. Traders can buy at 7092 and hold for higher prices.. Below that buyer should appear near 7037 and the 7002 to 6987 region.
Nearby Resistance is at 7292 , a close over 7292 is friendly and indicates a test of 7327 to 7342 and 7377. Beyond that resistance should appear near 7412 to 7427
and the 7487 to 7512 region.
April Hogs
Nearby Support should appear at 6190 to 6165 and 6112 to 6102.. Below that support is at 6035 to 6023 and the 5957 to 5942 region.
Resistance is at 6257 to 6270 and the 6337 to 6352 region. Traders can sell at 6337 for a turn lower and risk a close over 6432 for three days in a row. Beyond that sellers should appear near 6482 to 6512.
Traders should Go short if a close under 6165 occurs..
June Hogs
Support is at 7087 to 7077 and 7002 to 6987.. Below that buyers should appear near
6937 to 6922. A close under 6922 augurs for a test of support near the 6837 to 6807 region and 6782. Traders can buy at 6782 and hold for higher prices.
Resistance should appear at 7142 to 7177. Beyond that sellers should appear near 7242 to 7257 and the 7327 to 7342 region.
Buy Dips…
Support is at 9312 then 9237 then 9157 to 9137. Below that support is at 9062 to 9047 and should contain a decline basis the close. Traders can buy at 9067 and hold for higher prices..Below that buyers should appear near 8967 to 8932 and the 8872 region.
Nearby Resistance is at 9347. Beyond that a test of 9427 to 9447 and the 9522 to 9542 region is likely. Above that sellers should appear near 9707 to 9737 and the 9822 region.
Traders Should Stay Tuned Updates for the Pork complex.
A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Sunday March 12, 2000
12: 45 PM
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 IS 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.
Bi Weekly Investment Outlook ( BW )
Recommended open positions and Value 3-12-2000
Archives: http://www.futurescom.com/bwparc.htm
2-13-2000 Value $ 55,000.00
2-27-2000 Value $ 59,066.80
3-12-2000 Value $ 63,730.30
Recommended open positions NONE
Morning Comments ( MC )
Recommended Positions and Value 3-12-2000
Archives : http://www.futurescom.com/mcperf.htm
2-13-2000 Value $ 50,000.00
2-27-2000 Value $ 55,716.25
3-12-2000 Value $ 63,826.25
No positions
Index
Recommended open positions and Value 3-12-2000
2-13-2000 Value $ 150,455.70
2-24-2000 Value $ 158,205.70
3-12-2000 Value $ 167,205.70
Recommended Open Index Position 3-12-2000
Long 2 June SP500 1426.00.
Premier Open Pos and Value as of 3-12-2000
http://www.futurescom.com/premier.htm
Dec 31-1999 Value $ 741,034.25
2-27-2000 Value $ 784,172.25
3-12-2000 Value $ 821,000.25
Premier recommended open positions 3-12-2000
Long 10 SQ/ Short 10 SX –7.75
Long 10 April Gold 300.7 avg
Long 5 May Sugar 509
Long 4 June British Pounds 1.5800
Long 4 April Platinum 469
Long 7 July Beans 514 .75 avg
Long 2 Aug Beans 520 1/2
Short 5 Aug Bean 550 Call 23 1/2
Long 2 June SP500 1417
Starting Total Value Feb 1997 $ 55,000.00 (BW only)
Combined Value Feb 1998 $ 156,863.95 (BW Only)
Combined Value Feb 1999 $ 510,797.05 (BW and Premier only)
Combined Value 12-31-1999 $ 985,301.15
Combined Value Feb 2000* $ 1,041,610.45 ( BW, MC, Premier only)
*Tracking Year Begins: Feb 13 ,2000 for BW, MC & Index. Feb 24 for Prem. Index program is new for yr. 2000
Combined Value Feb 27, 2000 $ 1,057,161.35
Current Total Value March 12, 2000 $ 1,115,762.50
Material Assumptions:
Beginning Value was established at $55,000 Feb. 12 1997.
Each trade is derived from FuturesCom's Bi-Weekly Investment
Outlooks, Morning Comments, Index Flashes , Premier Flashes and updates that pertain to the same. The slippage and fees are computed at $ 50.00 per round turn trade, and charged upon exit. Prices are derived from Entry and exits of related Futures Contracts.
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS. SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKET IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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