FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sun May 6, 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 Index Flashes Morning Comments Special Reports
7690 Rockport Circle, Lake Worth Florida 33467, Tel: 1- 561-632-2700 http://www.futurescom.com
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Courage in a Speculator is merely confidence to act on the decision of his mind
Sun May 6, 2001
4:30 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 1274 and 1289.. A close over augurs for a test of the 1304 to 1310 region. Beyond that 1322 is likely where sellers should appear and cap a rally for a bit…. However a close over 1322 is friendly and augurs for an eventual test of the 1334 to1346 region. Beyond that a trade towards 1361.50 and the 1377 to 1383 region is likely..
if it holds..
Support should appear near 1271 to 1268 , under that buyers should appear near 1260.50 and 1253 , which should hold basis the close.. Traders can buy at 1253.10 for a good bounce and hold for higher prices… …Below that the 1238 to 1232 region should contain a decline ..Under that support is at 1217.50 and 1203 to 1192.. Traders can buy at 1203 and hold for higher prices, initially plan on risking a close under 1192 for three days in a row..
Traders should go long if a close over 1289 occurs.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Nearby Resistance should appear near 10,960 to 11,010 .. However an extended trading period over 11,010 does indicate a test of 11,155 and more likely the 11,300 to 11,360 region..
Support is at 10,870 then 10,820 , below that buyers should appear near 10,757 and the 10,680 to 10,630 region .Under that support is at 10,580.
June Bonds
Resistance should appear near 102-16 and the 102-22 to 102-26 region. Above that resistance is at 103-17 and the 104-07 region. Traders can sell at 104-07 and hold for lower prices, risk a close over 104-17 for three days in a row.
Support is at 101-23 and 101-07 under that buyers should appear near 100-23 and should contain a decline . Traders can buy at 100-23 and risk a close under 100-07 for three days in a row. Under that support at 99-31 and 99-07. should contain a decline.. .
The Frenzied Forex Front
Support should appear near 8261 then 8224 to 8194 ..Traders can buy at 8261 and risk a close under 8194 for three days in a row . Below that buyers should appear near 8164 and the 8134 to 8119.region. Below that support is at 8084 and the 8044 to 8029 region, which should contain a decline..
Nearby Resistance should appear near the 8300 to 8314 region. A close over 8314 is friendly and augurs for a test 8352 and eventually the 8391 to 8406 region.. beyond that sellers should appear near 8484 to 8499 ..
Traders should go long if a close over 8314 occurs..
Nearby Support should appear near 8934 and 8871 to 8856.. A Slip under augurs for a test of support at 8777 to 8762 and eventually 8683 to 8668. Traders can buy at 8683 for a bounce risk a close under 8622 for three days in a row.. Under that buyers should appear near the 8589 to 8560 region..
Nearby Resistance is at the 8964 then 9001 and the 9040 to 9060 region…Beyond that sellers should appear near the 9100 region..Beyond that 9140 to 9160 and 9235 offers resistance..Traders can sell at 9235 and hold for lower prices…
Traders can go short if a close under 8934 occurs..
Trade Accordingly and stay tuned for Updates.
June Swiss Franc
Resistance should appear near 5805 then 5830 and the 5855 to 5880 region. Above that sellers should appear near 5945 to 5957… Above that 6023 to 6035 offers resistance and should cap a rally.. Traders can sell at 6023 and risk a close over 6035 for three days in a row…. Beyond That sellers should appear near 6101 to 6113…
Support should appear near 5792., a close under 5792 is negative and augurs for a test of the 5729 to 5716 region where buyers should appear.. Below that 5653 to 5640 should hold for a bit.. Traders can buy at 5655 and risk a close under .5640 for three days in a row…Below that buyers should appear near the 5577 to 5553 region Stay tuned for Flashes...
Aggressive Traders can go short if a close under 5792 occurs..
June British Pound
Support should appear near 1.4336 then 1.4292 and the 1.4210 to 1.4150 region, which should contain a decline for a bit Failure there augurs for an eventual test of 1.3990..
Traders can buy at 1.3992 and hold for higher prices.. Below that 1.3830 to 1.3770 should contain a decline..
Resistance is at 1.4442, beyond that sellers should appear near 1.4530 to 1.4590. Traders can sell at 1.4550 for a turn lower and risk a close over 1.4590 for three days in a row.. Beyond that sellers should appear near 1.4714 and the 1.4840 to 1.4960 region.
Trade accordingly and stay tuned for flashes
June Canadian Dollar
Support should appear near the 6509 to 6496 and 6482.. Traders can buy at 6497 and hold for higher prices.. Under that support should appear near 6456 and the 6430 to 6417 region..
Nearby Resistance is at 6553 .. Above that sellers should appear near 6577 to 6591 and the
6659 to 6672 region… Traders can sell at 6659 for a turn lower and risk a close over 6762 for three days in a row
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
June Gold
Nearby Support should appear near 264.1 and the 262 to 261. 2 region .. Below that
259.10 should contain a decline for a bit.. Under that support is at 256.80 to 255.10..
Resistance is at 267.2 and 269…. However a close over 267.2 is friendly and augurs for an eventual test of 271.6 to 272.4.. Beyond that a trade towards the 275.8 to 277.5 region is likely.
Traders should go long If a close over 267.2 occurs.
July Copper
Support is at 7780 to 7765 and the 7690 to 7675 region. Under that support is at 7515 to 7485 and the 7430 to 7415 region..Below that buyers should appear near 7345 to 7325 and contain a decline.. .. Traders can buy at 7355 and hold for higher prices, risk a close under 7240 for three days in a row
Resistance should appear near 7865 a close over 7865 is friendly and augurs for a test of 7935 to 7955 and eventually the 8025 to 8045 region…Beyond that a trade towards 8115 to 8135 is likely… Above that sellers should appear near 8195 to 8225 and cap a rally for a bit..
Traders should go long if a close over 7865 occurs..
July Silver
Support should appear near 432 to 430.5 under that support is at 425 to 423.5 .
Traders can buy at 425.5 and risk a close under 423 for three days in a row.
Resistance is at 437 to 438.5. A close over 438.5 is friendly and augurs for a test of 442 to 444.5 and beyond to 450.5 to 451.5
Traders should go long if a close over 438.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
June Crude
Nearby Resistance is at 2874 to 2883..Above that resistance is at 2928 to 2937 and the 2974 to 2992 region. Beyond that sellers should appear near 3026 to 3045 and cap a rally.. Traders can sell at 3026 and hold for lower prices.. Risk a close over 3102 for three days
in a row.
Support is at 2828 to 2820 , a slip under augurs for a test of 2775 to 2758 and eventually 2724 to 2716 and the 2672 to 2663 region Under that buyers should appear near 2620 to 2612…. Traders can buy at 2620 for a bounce and risk a close under 2612 for three days in a row ..Below that support near the 2568 to 2552 region..
Aggressive traders can go short if a close under 2820 occurs..
Stay Tuned for Updates…
June Unleaded Gas
Support should appear near 10680 to 10630 and 10580, a close under augurs for a test of
10470 and eventually the 10360 to 10320 region. Under that a trade towards 10155 is likely.
Resistance is at 10960 to 11010 and the 11155 region Beyond that resistance should appear near 11300 to 11360 Traders can sell at 11300 and hold for lower prices.. Risk a close over 11500 for three days in a row..
June Heating Oil
Resistance is at 7675 to 7690 then 7760 to 7780 and the 7835 to 7865 region. Beyond that sellers should appear near 79435 to 7955.. Traders can sell at 7935 and hold for lower prices, risk a close over 8035 for three days in a row
Support is near 7600 to 7585 and 7515 to 7485.. a close under 7485 is negative and augurs for a test of 7430 to 7415 and the 7345 to 7325 region. Below that support is at 7170 to 7140. Under that a test of the 6755 to 6740 region is likely .. Traders can buy at 6755 for a bounce , risk 125 pts.
Aggressive Traders can go short if a close under 7585 occurs..
Stay Tuned for Energy Updates
The Grand Grains
Resistance is at 444 3/4 then 450 1/2 to 451 1/2 and the 457 1/4 to 458 1/2 region.
Beyond that a test of 463 1/2 to 465 is likely..
Traders should go long if a close over 444 1/2 occurs..
July Soy Meal
Resistance should appear near 152.9 to 153.5 then 155.2 and the 156.9 to 157.6 region.
Support is at 157.6 to 156.9 and 153.5 to 152.9. Traders can buy at 153.50 and hold for higher prices.. Under that support is at 149.6 to 148.4
July Soybean Oil
Support is near 1484.and the 1459 to 1453 region.
Resistance should appear near 1529 to 1535 and close over augurs for a test of 1569 to 1576 beyond that sellers should appear near 1609 to 1615.
July Corn
Resistance should appear near 212 3/4 to 213 1/2 and the 217 to 218 1/2 region.
Beyond that a test of 221 3/4 to 222 3/4 is likely.
Support should appear near 208 3/4 to 208 and 204 1/4 to 203 1/2 under that
195 3/4 to 194 3/4 should hold..
July Wheat
Support should appear near 272 1/2 to 271 3/4 .. Under that support is at .267 1/4 to 266 1/2
and 262 to 261 1/2.. Traders can buy at 266 3/4 and risk a close under 261 1/2 for three days in a row.. Below that buyers should appear near 256 3/4 to 255 1/4..
Resistance is at 275 1/2 to 277 3/4, a close over is friendly and augurs for a test of 282 to 282 3/4 and 287 1/2 to 288 1/4. Beyond that a test of 292 3/43 to 293 3/4 is likely..
Traders should go long if a close over 277 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
July Cotton
Nearby Support should appear near 4585 to 4570 region and the 4515 to 4505 region.. Below that 4445 to 4425 should contain a decline basis the close Traders can buy at 4445 and risk a close under 4425 for three days in a row.. Under that support is at 4380 to 4370 then 4315 to 4305 and the 4250 to 4235 region
Resistance is at 4635 to 4650 , a close over augurs for a test of 4695 to 4720 and the 4775 to 4785 region.. Beyond that resistance is at 4845 to 4855. A close over 4855 is friendly and augurs for a test of 4915 to 4925 and the 4970 to 4995 region..Beyond that a test of 5035 to 5065 is likely
..
Aggressive Traders can go long if a close over 4720 occurs..
July Coffee
Support is near 6590 to 6570 and 6510 to 6485. Below that buyers should appear near 6430 to 6415 and the 6350 to 6335 region. Traders can buy at 6435 for a turn higher, risk a close under 6335 for three days in a row.. Below that 6270 to 6255 should contain a decline for a bit..Under support should appear near 6190 to 6165 and the 6115 to 6100 region.
Resistance should appear near 6655 to 6670, a close over 6670 augurs for a test of 6740 to 6755 and the 6810 to 6835 region.. .An extended trade over 6835 indicates a trade towards 6910 to 6920 and the 6990 to 7005 region Above that resistance is near
7145 to 7170
Traders should go long if a close over 6670 occurs
July Sugar
Resistance should appear near 907 to 912 and the 932 to 941 region. Traders can sell at 907 and risk a close over 941 for three days in a row… Beyond that 968 to 972 should a
cap a rally for a bit..
Support should appear near 882 to 877, a close under augurs for a test of 852 to 847 and 835 which should contain a decline for a bit .Traders can buy at 836 and risk a close under 814 for two days in a row.
July Cocoa
Support is at 972 to 968 region..Under that support should appear near 954 and the
941 to 932 region..Below that 912 to 907 should contain a decline basis the close .
Resistance should appear near 986 and the 1000 to 1005,region.. a close over 1005 is friendly and augurs for a test of 1032 to 1036 and the 1058 to 1068 region..Above that resistance is at 1096 to 1101 should cap a rally for a bit
Traders should go long if a close over 1005 occurs.
June Cattle
Support is near 7072 and the 7002 to 6987 region, under that support is at 6922 to 6907 and the 6837 to 6807 region which should hold.. Traders can buy at 6837 for a bounce and risk a close under 6807 for three days in a row.
Resistance is at 7142 to 7172 then 7242 to 7257, traders can sell at 7242 and risk a close over 7257 for three days in a row, Beyond that sellers should appear near the 7327 to 7342 region.
June Hogs
Support is at 6672 to 6657 . A slip under augurs for a test of 6592 to 6572. Under that support is at 6512 to 6487 Below that Buyers should appear near 6432 to 6417
Resistance is at 6757, a close over 6757 is friendly and augurs for a test of 6807 to 6837 and the 6907 to 6922 region…Above that resistance is at 6990 to 7002
Traders should go long if a close over 6757 occurs..
Trade Accordingly and stay tuned for updates
July Hogs
Support is at 6592 to 6572. Under that support is at 6512 to 6487 Traders can buy at 6512 and risk a close under 6417 for three days in a row.. Below that Buyers should appear near 6432 to 6417 and the 6357 to 6332 region.
Resistance is at 6657 to 6672, a close over 6672 is friendly and augurs for a test of 6742 to 6757 and the 6807 to 6837 region…Above that resistance is at 6907 to 6922
Traders should go long if a close over 6672 occurs.
Support is at the 8227 to 8192 region. Below that buyers should appear near 8047 to 8022 and the 7957 to 7937 region..A slip under indicates a test of 7867 to 7837.
Nearby resistance is at 8300 to 8312, an extended trade over augurs for a test of 8392 to 8407 ..A close over 8407 is friendly and indicates a test of 8482 to 8507 beyond towards the
8762 region…
Traders should go long if a close over 8312 occurs
Stay tuned for Livestock BW Update and Flashes
A ship in Harbor is Safe.. But that's not what ships are built for
Happy Trading !
Sunday May 6, 2001
9:00 AM
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 @ 1996 - 2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.
FuturesCom Investment Publications Performance: as of 5-04-2001
Value of All Programs Combined:
Feb 1997 $ 55,000.00 Beginning Tracking Value.
Feb 1998 $ 156,863.95
Feb 1999 $ 510,797.05
Feb 2000 $ 1,041,610.45
Feb 2001 $ 1,306,413.50
April 20,2001 $ 1,481,030.75
May 04,2001 $ 1,557,215.15
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95
Feb 1999 $ 404,088.95
Feb 2000 $ 786,154.75
Feb 2001 $ 986,850.25
April 20,2001 Value $ 1,068,567.75
May 04, 2001 $ 1,129,611.50
Recommended Open Positions as of 5-4-2001
Long 10 July Silver 448
Long 5 July Hogs 6685
Long 10 July Wheat 281 3/4
Short 5 June Swiss Franc 5848
Long 5 June Yen 8224
Long 5 June Gold 264.5
Long 5 July Coffee 6585
Long 5 July Soybeans 441 1/2
Long 2 June SP500 1262.30
Index Program
Archives: http://www.futurescom.com/index01.htm
02-23-2000 Inception Value $ 150,455.70
03-09-2001 Value $ 190,850.70
04-20-2001 Value $ 254,750.70
05-04-2001 Current Value $ 263,775.70
Recommended Open position as of 05-04-2001:
-------------------------------------------------------------------------------------------
Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
02-11-2001 Value $ 55,000.00 (tracking year starting value)
04-20-2001 current $ 60,898.50
05-04-2001 current $ 63,777.90
Recommended Open positions as of 5-04-2001:
Long July Bellies 8600
Long July Cotton 4655
Long July Cocoa 973
Short June Crude Oil 2685
Long June Hogs 7002
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Morning Comments ( MC) Day Trades
Archives : http://www.futurescom.com/mcper01.html
02-11-2000 Value $ 50,000.00 (tracking year starting value)
04-20-2001 current $ 73,101.25
05-04-2001 Current $ 76,337.75
Recommended Open positions as of 5-04-2001: NONE
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Set Aside:
2000 BW & MC Gains $ 23,712.55
-------------------------------------------------------------
Material Assumptions:
BW Starting Value was established at $55,000 for BW in Feb. 12 1997 and each year there after. Gains from the Bi-Weekly Investment Outlook(BW) during 1997 funded the Premier Service in 1998. Gains from the BW in 1998 funded the Morning Comments (MC) in 1999. MC tracking Begins and Ends in Feb. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Gains from BW and MC for year 2000 were set aside..
Premier and Index programs tracking year Begins and ends during Late Feb to Early March. 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. Updates of trade results are periodically made to http://www.futurescom.com
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.
Copyright @ 1996-2001 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.