FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday April 23, 2000
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
7690 Rockport Circle Lake Worth Florida 33467 Voice 561-433-2995 Fax 561-433-9243 http://www.futurescom.com
Sunday April 23, 2000
5:00 AM
The Sensational Stock and Bond Markets
June SP500
Resistance should appear near 1453 to 1453.80 and 1456 then 1459. A close over 1459 is friendly and augurs for a test of 1471.5 and beyond towards the f 1484 to 1490 region. Above that sellers should appear near 1494.60 to 1496 and the 1500.50 region..
Beyond that resistance should appear near 1505.70. and 1512..Which should cap a rally for a bit. Traders can sell at 1512 and hold for lower prices..
Support is at 1439.40 to 1437. Below that support is at 1426.90 and the 1421 to 1418 region. Below that buyers should appear near 1415 to 1412.70. Under that support should appear near 1399 and the 1388.70 to 1383 region.. Traders can buy at 1388 and hold for higher prices.. Below that 1377 should contain a decline basis the close…
Trade Accordingly
Traders should long if a close over 1471.5 occurs. Stay tuned for Flashes
Dow Jones Industrial Avg.
Resistance should appear near 10,960 to 11,010. Beyond that sellers should appear near 11,087 and 11,155 . Above that sellers should appear near 11,300 to 11,360. Which should cap any rally over the next two weeks..
Support should appear near 10,810 and the 10,757 region. Below that support should appear near 10,680 to 10,630 and 10,580 which should contain a decline for a bit. A slip under would indicate an eventual test of 10,360 to 10,320.
Cash NASDAQ
Resistance is at 3663 to 3682. A close over 3682 is friendly and indicates a test of 3736 to 3743 and the 3795 to 3806 region Beyond that sellers should appear near
3858 to 3867. A close over 3867 is friendly and augurs for a test of 3909 to 3929 where sellers should cap a rally for a bit.. Above that resistance should appear near 3982 to 3992 and the 4050 region..
Support is at 3623 to 3613. Below that buyers should appear near 3563 to 3553 and the 3503 to 3493 region which s hould contain a decline for a bit .. Under that support is at
3445 to 3420 and the 3386 to 3377 region.
Trade Accordingly
June NASDAQ 100
Support is at 3503 to 3493 and 3447.5 then 3443 to 3425..Below that support is at 3386 to 3377 then 3213 to 3204 and 3194 , which should stop a decline for a bit…
Below that buyers should appear near 3102 to 3092 and 2990 to 2970…
Resistance is at 3553 to 3563 and 3580 .Beyond that resistance should appear near 3613 then 3632 region… Above that good sellers should appear near 3858 to 3876
Above that 3909 to 3929 should cap a rally for a bit..
Trade Accordingly..
June Bonds
Support should appear near 97-23, a close under 97-23 augurs for a test of 97-02 to
96-26. Below that a trade towards support at 96-12 and 95-26 is likely and where a decline should be contained for a bit. Traders can buy at 95-26 for a bounce and risk a close under 95-12 for three days in a row.
Resistance is at 98-12 and 99-02 which should cap a rally for a bit.
Traders can sell at 99-02 for turn lower and hold for lower prices, risk a close over
99-31 for three days in a row .. Beyond that 100-17 should cap a rally…
Traders should Go short if a close under 97-19 occurs.
trade accordingly…
The Frenzied Forex Front
Resistance remains near 9583 and 9625 to 9629 then 9640. A close over 9640 is friendly and augurs for a test of 9671 then 9707 to 9737 and 9777… Above that sellers should appear near 9821 and the 9921 to 9937 region and Cap a rally.
Support should appear near 9542 and 9533 to 9526 then 9469 and 9445 to 9423.
Below that support should appear near the 9378 region. Below that Buyers should appear near the 9347 to 9316 region, which should contain a decline over the near term
Traders can buy at 9347 and hold for higher prices…
Traders should go long if a close over 9640 occurs
Stay Tuned for Flashes and trade accordingly
Resistance is at 6011 then 6023 to 6035 and 6068, a close over 6035 is friendly and augurs for a test of 6101 to 6114, which should Cap a rally for a bit. Beyond that resistance is at 6165 to 6190
Support should appear near 5957 to 5940 under that buyers should appear near
5880 and 5868 to 5855, traders can buy at 5868 and risk a close under 5855 for three days in a row..
Traders should go long if a close over 6139 occurs
Stay tuned for Flashes...
June British Pound
Support should appear near the1.5760 to 1.5732 region. Traders can buy at 1.5760 and hold for higher prices. Risk a close under 1.5690 for three days in a row .
Under that support is at 1.5716 to 1.5690 then 1.5520 and the 1.5350 to 1.5290 region..
Resistance is at 1.5818 and 1.5876 to 1.5926… A close over 1.5876 is friendly and augurs for a test of 1.5926 then 1.6026 and eventually 1.6090 .Beyond that sellers should appear near 1.6150.
Traders should go long if a close over 1.5818 occurs.
Trade Accordingly and stay tuned for Flashes.
June Canadian Dollar
Nearby Support is at 6782 and under that 6755 to 6741 should hold basis the close. BW Traders can buy at 6755 and hold for higher prices.. Below that buyers should appear near 6707 and the 6673 to 6659 region.
Resistance is at 6809 to 6823 and 6836.. A close over 6825 is friendly and augurs for and eventual test of 6859 to 6871 and beyond towards the 6906 to 6919 region
Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
June Gold
Support is at 280.4 then 278.1 to 277.5 and 275.8 region.
Resistance is at 282 to 282.8 . A close over 282.8 is friendly and augurs for a test of 294.9 to 285.1 and 287.4
Traders should go long if a close over 282.8 occurs.
July Copper
Nearby Support is at 7725 Under that buyers should appear near 7690 to 7675 and the 7605 to 7590 region Traders can buy at 7605 and risk a close under 7480 for three days in a row Below that 7430 to 7410 should hold.
Resistance is at 7765 to 7780 and 7800. A close over 7780 is friendly and augurs for a test of 7905 to 7935 and 7955, beyond that sellers should appear near 8025 to 8045
And then 8190 to 8225 region.
Traders should go long if a close over 7780 occurs.
July Silver
Support should appear 503.5 under that support at 499.5 to 497 and 494.5. Traders can buy at 495 and hold for higher prices..Below that buyers should appear near 492.5 to 491.5 which should contain a decline basis the close for a bit. Under that support should appear near 485.5 to 484.5
Resistance is at 505.5 to 506.5 and 512 to 514. A close over 514 is friendly and augurs for a test of 520 to 521.5 and the 525.5 to 528.5 region
Traders should go long if a close over 514 occurs
Stay tuned for Flashes...
The Exciting Energies
June Crude
Resistance is at 2612 to 2620 then 2663 to 2672.. Beyond that sellers should appear near 2694 to 2702 and 2716 to 2724.. Traders can sell at 2702 and risk a close over 2724 for two days in a row.. Beyond that resistance at 2758 to 2775 should cap a rally
Trade Accordingly and Stay Tuned For Flashes
June Unleaded Gas
resistance is at 8300 to 8340 beyond that sellers should appear near 8390 to 8405
and the 8560 to 8615 region . Above that resistance is at 8670 to 8685 then 8722 which should cap a rally.
Support is at 8225 to 8190, a close under 8190 augurs for a test of 8135 to 8120 eventually the 8045 to 8030 region. Below that support is at 7955 to 7925 then 7865 to 7835 and the 7780 to 7765 region.
June Heating Oil
Resistance is at 6836 and the 6910 to 6920 region..Beyond that sellers should appear near 6990 to 7005. Beyond that resistance should appear near 7075 to 7090 and 7145 to 7180
.
Support is 6755 to 6740. Under that Buyers should appear near 6670 to 6655
and 6590. Below that 6510 to 6485 should contain a decline over the near term…
Trade Accordingly. and Stay tuned for Flashes
The Grand Grains
Support should appear near 546 1/2. Traders can buy at 546 1/2 and risk a close under 534 for three days in a row. Under that support is at 544 to 541 and the 535 1/2 to 534 1/4 .. Below that buyers should appear near 538 1/2 then 521 1/2 to 520.
Resistance is at 553 to 555 1/2 and 557 3/4, a close over 557 3/4 is friendly and augurs for a test of 564 to 565 and the 572 to 572 region..Beyond that a test of the 585 1/2 to 588 region is likely. If It Holds…
Traders should go long if a close over 557 3/4 occurs.
Stay tuned for Flashes
July Soybean Meal
Support is near the 169.6 to 168.9 and 167.2 Under that support is at 165.5 to 164.2 and should contain a decline basis the close.. .
Resistance is at 171.4 then 173.1 to 173.8. Above that resistance should appear near
177.3 to 178.
July SoyBean Oil
Support is at 1865 to 1858 and 1822 to 1809. Below that buyers should appear near the 1780 to 1774 region and contain a decline for bit
Resistance should appear near 1902 to 1909 and 1946 to 1953. Beyond that a test of 1982 to 1996 is likely.
July Wheat
Resistance is at 265 1/2 to 267 1/4 then 268 3/4.. a close over 267 1/2 is friendly and augurs for a test of 271 1/2 to 272 1/2 and eventually the 275 1/2 to 277 region.
Support is at 262 to 260 1/2 and 257 1/2 to 255 1/4 where it should hold basis the close Traders can buy at 255 1/4 and hold for higher prices.. Below that support is at
252 to 251 1/4.
July Corn
Resistance should appear near 237 to 238, a close over 237 1/4 is friendly and augurs for a test of 241 to 243 and the 246 to 247 region
Support should appear near 234 and the 232 1/2 to 231 region. Below that buyers should appear near 227 1/2 and contain a decline for a bit. Traders can buy at 227 3/4 and hold for higher prices. Risk a close under 221 3/4 for three days in a row.
Trade Accordingly.
July Cotton
Support should appear near 5790. Under that support is at 5745 then 5729 to 5716.
Traders can buy at 5720 and risk a close under 5640 for three days in a row.
Below that support is at 5575 to 5550.
Resistance is at 5840 to 5855 and 5880 then 5945 to 5957 and the 6023 to 6035 region. A close over 6035 is friendly and augurs for a test of 6100 to 6110 and eventually 6165 to 6190.
Traders should go long if a close over 5880 occurs..
Trade Accordingly
July Sugar
Support is at 644 then 634 to 630 and 621. Below that support should appear near 609
to 601. Which should contain a decline basis the close for a bit..
Resistance is at 656 to 661 and 671 to 675. A close over 672 is friendly and augurs for a test of 682 to 686 and the 695 to 704 region.
Trade Accordingly
July Coffee
Support is at 101.55 and 100.30, traders can buy at 100.30 and hold for higher prices… Under that support is at 9935 to 9920 and 9840 to 9820. Below that 9540 to 9525 should contain a decline…
Resistance should appear near 103.20 to 103.60 , an extended trade over 103.60 is friendly and augurs for a test of 104.75 and beyond towards 105.80 to 106.80
Traders should go long if a close over 103.60 occurs…
Trade Accordingly and Stay Tuned for Flashes.
July Cocoa
Resistance is at 847 tom 852 then 863 Beyond that sellers should appear near 877 to 882 and 907 to 915
Support is at 835 and 823 to 814.Below that buyers should appear near 807 then 795 to 791.
Stay Tuned for Flashes.
June Cattle
Support is at 6887 and 6857 to 6837 Traders can buy at 6857 and hold for higher prices.. Below that buyers should appear near 6807 and the 6757 to 6742 region.
Resistance is at 6922 to 6932 and 6957 , a close over 6957 is friendly and indicates a test of 6990 to 7002 and eventually 7072 to 7087. Beyond that resistance should appear near 7142.
Traders should go long if a close over 6957 occurs.
June Hogs
Support is at 7637 and 7602 to 7587.. Traders can buy at 7607 and hold for higher prices.. Below that buyers should appear near 77557 then 7522 to 7487 Under that support should appear near 7432 to 7412 and the 7342 to 7327 region.
Resistance should appear at 7677 to 7692 then 7732.. Beyond that a trade towards the 7762 to 7777 region is likely.. Above that resistance is at 7817 to 7837 and 7862.
Beyond that a test of 7937 to 7957 is likely..
Support is at 9737 to 9707 and 9627 then 9587. Below that Buyers should appear near the 9542 to 9527 region. Traders can buy at 9542 and hold for higher prices Under that 9447 to 9442 offers support and should hold for a bit..Below that buyers should appear near the 9347 to 9317 region and 9237.
Nearby Resistance is at 9777.. .An extended trade over 9777 is friendly and augurs for a test of 9822 to 9837 and eventually the 9917 to 9937 region. Above that a test of 100.10 then 10102 and the 10137 to 1.0137 region is likely.
Support is 9527 then 9477 and the 9447 to 9422 region , Traders can buy at 9447 and hold for higher prices.. Below that support is at 9342 to 9317 and 9237.Below that buyers should appear near 9157 to 9137 and 9062 to 9037..
Resistance should appear near 9542 and 9595 then 9622 to 9642. A close over 9642 is friendly and augurs for a test of 9707 to 9737 then 9822 to 9837 and eventually the 9917 to 9937 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 April 24, 2000
3: 56 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 4-20-2000
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
3-24-2000 Value $ 69,409.10
4-07-2000 Value $ 62,140.20
4-20-2000 Value $ 73,984.10
Recommended open positions:
Long July Bellies at 9552
Short June Unleaded Gas at 8075
Short June Heating Oil at 6650
Long July Wheat at 262 1/2
Morning Comments ( MC ) Value 4-20-2000
Recommended open positions : NONE
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
3-24-2000 Value $ 52,361.25
4-07-2000 Value $ 55,572.50
4-20-2000 Value $ 55,845.00
Index
Recommended Open positions and Value 4-20-2000
Open Index Position. NONE
2-13-2000 Value $ 150,455.70
2-24-2000 Value $ 158,205.70
3-12-2000 Value $ 167,205.70
3-24-2000 Value $ 135,355.70
4-07-2000 Value $ 158,305.70
4-20-2000 Value $ 159.005.70
Premier Value as of 4-20-2000
http://www.futurescom.com/premier.htm
2-09-1998 Value 101,863.95
2-23-1999 Value 404,088.95
Aug. 1 1999 Value 549,583.85
Aug 15 Value 583,476.55
Aug 28 Value 577,238.55
Sept 12 Value 593,734.25
Sept 24 Value 537,309.25
Oct 08 Value 601,099.25
Oct 23 Value 650,974.25
Nov 5 Value 691, 783.00
Nov 19 Value $ 685,829.25
Dec 04 Value $ 712,700.50
Dec 17 Value $ 737,898.00
Jan 1-2000 Value $ 741,034.25
1-13-2000 Value $ 776,191.75
1-27-2000 Value $ 769,104.25
2-13 2000 Value $ 803,392.25
2-27-2000 Value $ 784,172.25
3-12-2000 Value $ 821,000.25
3-24-2000 Value $ 771,287.75
4-07-2000 Value $ 841,609.25
4-20-2000 Value $ 868,714.25
Recommended Open Positions 4-20-2000
Long 10 July Beans Short 10 Nov Beans avg –7.75
Long 4 July Beans 544 1/2
Short 2 Aug Bean 550 Calls at 23 1/2 Cents
Long 2 June Swiss at 6167
Long 2 May Pork Bellies at 9620
Long 4 July Pork Bellies at 9352
Long 4 July Coffee 9760
Long 3 July Cotton at 5865
Long 4 July Copper at 7760
Long 2 June Yen at 9629
Long 4 Aug hogs at 6897
Long 2 July Platinum at 494
Long 2 June SP500 at 1438
Combined Value:
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 (BW, MC, Premier)
Combined Value Feb 2000* $ 1,041,610.45 ( BW, MC, Premier)
*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
Combined Value March 12, 2000 $ 1,115,762.50
Combined Value March 24 ,2000 $ 1,028,413.80
Combined Value April 9,2000 $ 1,117,627.65
Current Combined Value April ,20 2000 $ 1,157,549.05
Material Assumptions:
FuturesCom’s Tracking Begins and Ends during February . Starting 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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