FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday May 07, 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
Observation. Experience, memory and mathematics--These are what a successful trader must depend on. A man can have great mathematical ability and unusual power of accurate observation and yet fail in speculation unless he also
possesses the experience and memory. -Reminiscences of a Stock operator-
Sunday May 7, 2000
6:00 AM
The Sensational Stock and Bond Markets
June SP500
Resistance should appear near 1453 to1456 and the 1458 to 1459 region.
A close over 1459 is friendly and augurs for a likely test of 1467.90 to 1471.5 and beyond towards 1482.70 and the 1484 to 1490 region, which we feel is more likely than not to occur.. Beyond that sellers should appear near 1494.60 to 1496 and the 1500.50 region. Above that resistance should surface near 1505.70. and 1512.5 and should cap a rally for a bit. Traders can sell at 1512 and hold for lower prices.. Beyond that sellers should appear near 1529 to 1532..
Support is at 1437. Below that support is at 1427.30 and the 1423.60 to 1420 region.
Below that buyers should appear near 1418 to 1415. Under that support should appear near 1399 to 1395.20 and the 1388.70 to 1383 region.. Traders can buy at 1395.30 and hold for higher prices.. Below that 1377 should contain a decline basis the close…
Traders should assume a long posture if a close over 1459.00 occurs.
Trade Accordingly..
Dow Jones Industrial Avg.
Resistance should appear near 10,580 and10,630 to 10,680. Beyond that sellers should appear near 10,757 and 10,820. Above that sellers should appear near 10,960 to 11,010.
Support should appear near 10,510 to 10,475 then 10,402 , under that 10,360 to 10,320 should contain a decline for a bit, under support should appear near 10,257 and 10,155..
Cash NASDAQ
Resistance is at 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, a close over 4050 is friendly and augurs
for a test of 4110 to 4120 and eventually 4163 to 4183 then 4238 to 4249..
Support is at 3806 to 3795 and the 3743 to 3736 region.. Below that buyer should appear near 3692 to 3682 and the 3623 to 3613 region.. Below that support should appear near 3563 to 3553 and the 3503 to 3493 region which
should 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 3682 to 3663 and 3623 to 3613 then 3580 and 3563 to 3553. Below that buyers should appear near the 3503 to 3493 region. Under that buyers should appear near 3465 and the 3443 to 3425 region. Below that support is at 3386 to 3377 then 3213 to 3204 and 3194 , which should stop a decline for a bit…
Resistance is at 3736 to 3743.A close over 3743 is friendly and augurs for a test of 3795 to 3806 and eventually the 3858 to 3867 region.. Above that good sellers should appear near 3909 to 3929 and cap a rally for a bit. Beyond that a test of 3982 to 3992 is likely.
Trade Accordingly..
June Bonds
Support should appear near 92-30, a close under 92-30 augurs for a test of 91-23 to
91-21. Under that support is at 90-17 to 90-07 and 89-25..
Resistance is at 93-29 then 94-05 to 94-12 and 94-22, which should cap a rally for, a bit.
A close over 94-22 is friendly and augurs for a test of 95-13 and 95-26.
Trade accordingly…
The Frenzied Forex Front
Resistance remains near 9317 to 9331 and 9347 to 9349.. A close over 9347 is friendly and augurs for a test of 9388 to 9409. Beyond that a test of 9429 to 9445
Is likely..
Support should appear near 9237 to 9229.. Traders can buy at 9237 and risk a close under 9172 for three days in a row. Under that buyers should appear near 9156 to 9125 and the 9060 to 9043 region.
Traders should go long if a close over 9347 occurs.
Stay Tuned for Flashes and trade accordingly
Resistance remains near 5855 to 5880. Beyond that sellers should appear near 5877 and 5915..Traders can sell at 5915 for a turn lower, risk a close over 5957 for three days in a row..Beyond that resistance is at 6023 to 6035
Support should appear near 5805 to 5792 then 5764 and the 5740 to 5729 region. Under that buyers should appear near 5716 then 5656 to 5650.
Stay tuned for Flashes...
June British Pound
Support should appear near 1.5184 to 1.5080. Under that support is at 1.4960 to 1.4840
.
Resistance is at 1.5290 and 1.5350 to 1.5380 A close over 1.5380 is friendly and augurs for a test of 1.5490 and eventually 1.5520 .Beyond that sellers should appear near 1.5690.
Trade Accordingly and stay tuned for Flashes.
June Canadian Dollar
Nearby Support is at 6707 then 6693 and the 6673 to 6659 region. Traders can buy at
6693 for a turn higher, risk a close under 6659 for three days in a row.
Resistance is at 6735 to 6741, a close over 6741 is friendly and augurs for an eventual test of 6770 to 6773 and beyond towards the 6809 to 6836 region.
Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
June Gold
Support is at 277.5 to 275.8 region. Under that 274.9 to 274.1 should contain a decline basis the close.. Traders can buy at 274.20 and hold for higher prices.. Risk a close under 271.5 for three days in a row.
Resistance is at 282 to 282.8 . A close over 282.8 is friendly and augurs for a test of 285.1 to 285.3 and the 287.4 to 2188.3 region.
Traders should go long if a close over 282.9 occurs.
July Copper
Support is at 8390 and 8315 to 8270.. Traders can buy at 8310 and risk a close under
8165 for three days in a row. Under that support should appear near 8225 to 8190 then 8165.. Below that buyers should appear near 8135 to 8115 then 8045 to 8025.
Resistance should appear near 8485 to 8500 then 8560 to 8590 and 8620.
Beyond that a test of 8665 to 8685 is likely. Beyond that resistance is at 8760 to 8775 and 8855.
Traders should if a close over 8455 occurs.
July Silver
Support should appear 503.5 under that support at 499.5 to 497. Traders can buy at 498 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 2758 to 2775 , beyond sellers should appear near 2820 to 2829.
Traders can sell at 2820 for a turn lower , risk a close over 2829 for three days in a row.
Above that resistance is at 2874 to 2883 then 2917 and the 2928 to 2937 region.
Trade Accordingly and Stay Tuned For Flashes
June Unleaded Gas
Resistance 9125 to 9155, beyond that sellers should appear near 9237 and the 9315 to 9350 region..Above that resistance is at 9530 to 9445 and 9540 to 9555 then 9590..
Aggressive Traders can sell at 9525 and hold for lower prices
Support 8965 to 8935 and 88775 to 8760 , under that buyers should appear near 8590 to 8560 and the 8500 to 8480 region. Under that 8315 to 8300 offers support as does 8225 to 8190 Traders can buy at 8490 for a bounce and risk a close under 8300 for Three days in a row.
June Heating Oil
Resistance is at 6740 to 6755 then 6808 to 6836 , Above that sellers should appear near the 6905 to 6920 region and 6990 to 7005. Beyond that resistance should appear near the 7075 to 7090 region.
Support is 6755 to 6740. Under that Buyers should appear near 6670 to 6655
and 6555. Below that 6510 to 6485 should contain a decline over the near term…
Traders can buy at 6510 and hold for higher prices. Risk a close under 6415 for three days in a row.
Trade Accordingly. and Stay tuned for Flashes
The Grand Grains
Support should appear near 565 1/2 to 562 1/2 then 557 3/ 4 . Traders can buy at
557 3/4 and risk a close under 548 3/4 for three days in a row. Under that support is at 544 to 541 and the 535 1/2 to 534 1/4..
Resistance is at 569 3/4 and the 572 to 572 3/4 region. A close over 572 3/4 is
Friendly and augurs for a test of 579 to 580 1/2 then 583 to 585. Beyond that a tap of the 594 to 595 3/4 region is more likely to occur than not..
Traders should go long if a close over 572 3/4 occurs.
Stay tuned for Flashes
July Soybean Meal
Nearby support should appear near the 182.2 to 180.8 region Under that buyers should surface near 178 to 177.5 , traders can buy at 178 and risk a close under 173.1 for three days in a row. Below that support is at 169.6 to 168.9
Resistance is at 184 then 185.8 to 186.5, a close over 186.5 is friendly and augurs for a test of 190.2 to 190.9 and the 194.6 to 195.3 region.
Traders should go long if a close over 184 occurs.
July SoyBean Oil
Support is at 1822 to 1809. Below that buyers should appear near the 1780 to 1774 region and contain a decline for bit… Under that 1738 to 1731 should stop any break…
Resistance should appear near 1841, a close over is friendly and augurs for a test of 1858 to 1865 . Beyond that resistance is at 1902 to 1909.
July Wheat
Support is at 271 3/4 to 270 1/2 , under that support is at 267 1/2 to 266 1/4 where it should hold basis the close Traders can buy at 269 3/4 and hold for higher prices.. Below that support is at 262 1/2 to 261 1/4.
Resistance is at 275 1/2 to 277 1/2. A close over 277 1/2 id friendly and augurs for a test of 282 to 282 3/4 and most likely the 287 1/2 to 288 1/4 region.
Traders should go long if a close over 277 1/2 occurs.
July Corn
Resistance should appear near 249 1/4 and 251 1/4 to 251 3/4. A close over 252 is friendly and augurs for a test of 255 1/2 to 256 3/4 and 259 1/4 to 261 1/2.
Support should appear near 246 3/4 to 246. Below that buyers should appear near 242 1/2 to 241 and contain a decline for a bit and Traders can buy at 242 1/4 and hold for higher prices. Risk a close under 232 for three days in a row. .
Traders should go long if a close over 252 occurs.
Trade Accordingly.
July Cotton
Support should appear near 5880 to 5855. Under that buyers should appear near 5805 to 5790 . Traders can buy at 5805 and hold for higher prices. Below that support is at
5745 then 5729 to 5692. Under that 5655 to 5640 should hold.
Resistance is at 5917 and 5945 to 5957 then 5985. A close over 5957 is friendly and augurs for a test of 6025 to 6035 then 6100 to 6110 and eventually 6165 to 6190.
Traders should go long if a close over 5917 occurs..
Trade Accordingly
July Sugar
Support is at 656 to 653. A close under 656 is negative and augurs for a test of 645 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 661 to 665 then 671 to 675. Traders can sell at 671 for a turn lower, Beyond that sellers should appear near 682 to 686 and 696 then 704 to 712.
Traders should go short if a close under 656 occurs.
Trade Accordingly
July Coffee
Support is at 9935 to 9920 and 9840 to 9820. Traders can buy at 9940 and hold for higher prices.. Under that support is at 9735 to 9705 and the 9640 to 9625 region. Below that 9540 to 9525 should contain a decline…
Resistance should appear near 100.20 to 100.35 and 100.90 to 101.55 , beyond that sellers 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 eventually the 105.80 to 106.80 region….
Traders should go long if a close over 100.35 occurs…
Trade Accordingly and Stay Tuned for Flashes.
July Cocoa
Resistance is at 807 to 814 and 823. Beyond that sellers should appear near 835 and the 847 to 852 region. Beyond that a test of 877 to 882 is likely to occur..
Support is at 795 to 791 and 782 to 779, under that 767 to 763 should hold.
Under that buyers should appear near 739 to 735.
Stay Tuned for Flashes.
June Cattle
Support is at 6857 and 6837 to 6807, traders can buy at 6827 and hold for higher prices, risk a closer under 6807 for three days in a row.. Under that support should surface near 6772 and the 6757 to 6742 region which should contain a decline basis the close.
Resistance is at 6887 and 6907 to 6922, a close over 6922 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 6922 occurs.
June Hogs
Support is at 7432 to 7412 and the 7342 to 7327 region. Under that buyers should appear near 7297 and the 7257 to 7242 region. Traders can buy at 7257 and holds for higher prices.. Below that support should appear near 7172 to 7142 and 7077..
Resistance should appear at 7487 to 7512 , a close over 7512 is friendly and augurs for a test of 7587 to 7602. Beyond that sellers should appear near 7637 and 7672 to 7687 Traders cans sell at 7637 for a turn lower risk a close over 7787 for three days in a row.. Beyond that resistance should appear near 7762 to 7777 and 7837 to 7867..
Support is at 9707 and 9642 to 9622. Below that buyers should appear near the 9542 to 9527 region. 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 9737 a close over 9737 is friendly and augurs for a test of 9777 to 9791.. .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 to 10137 is likely.
Support is 9422 and the 9347 to 9312 region Traders can buy at 9347 and hold for higher prices.. Below that support is at 9237.Under that buyers should appear near 9157 to 9137 and 9062 to 9037 and 9007 then 8967 to 8932.
Nearby Resistance should appear near 9447 and 9522 to 9542, A close over 9542 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 May 7, 2000
4: 40 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
5-04-2000 Value $ 65,494.15
Recommended open positions:
Long July Bellies at 9700
Long June SP500 at 1476.90
Long July Silver at 517
Morning Comments ( MC ) Value 5-05-2000
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
5-05-2000 Value $ 58,606.40
Index
Recommended Open positions and Value 5-05-2000
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
5-05-2000 Value $ 161,480.70
Premier Value as of 5-05-2000
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
5-05-2000 Value $ 901,741.25
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
Combined Value April ,20 2000 $ 1,157,549.05
Current Combined value May 05,2000 $ 1,187,322.50
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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