FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Sunday July 15th, 2001
Socio Economics, Stock Index Futures: SP500 - Dow Jones Industrial Avg- Nasdaq
Bonds-Forex-Energy-Precious Metals-Livestock-Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks & Archives Index Flashes Morning Comments Special Reports
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"Among the hazards of speculation the happening of the unexpected -I might even say the
unexpectable - ranks high. There are certain chances that the most prudent man is justified in taking - chances that he must take if he wishes to be more than a mercantile mollusk--"
-Reminiscences of a Stock operator-
Sunday July 15, 2001
7:00 AM
The Sensational Stock and Bond Markets
Sept SP500
Resistance is at 1232 to 1238. an extended trade over is friendly and augurs for a test of 1245.50. Beyond that sellers should appear near 1253. However an extended trade or close over 1253 is friendly and traders should not rule out a test of 1268 to 1274 and eventually the 1304 to 1310 region.. If it holds.
Support should appear near 1217.50. Under that buyers should appear near 1203 to 1192. Below that buyers should appear near 1180.5 and the 1169 to 1164 region, which should contain a decline basis the close.. Under that support should appear near
1150 and the 1136 to 1130 region.. Traders can buy at 1166.50 and risk a close under 1149..
Be Long…
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg
Resistance should appear near 10,580 to 10,630 and10,680, a close over is friendly and augurs for an eventual test of 10,820 and the 10,960 to 11,010 region.
Support is at 10,470 and 10,415. Under that buyers should appear near the 10,360 to 10,320 region.. Below that support should appear near 10,255 and 10,185 and the
10,136 to 10,104 region.
Sept Bonds
Resistance should appear near 102-17 to 102-23 then 103-07 and the
103-17 to 103-23 region.
Support is at 101-23 and 101-07 . under that support should appear near 100-23 and 100-17.. Below that buyers should appear near 100-07 and 99-22.
The Frenzied Forex Front
Support should appear near the 8044 to 8029 region, which should contain the decline for a bit.. Traders can buy at 8044 for a bounce . risk a close under 8029 for three days in a row ..Under that support should appear near 7955 to 7935 and the 7865 to 7835 region..
Nearby Resistance should appear near 8119 to 8134. A close over 8134 is friendly and augurs for a test 8194 to 8223 and eventually the 8300 to 8314 Which should cap a rally for a bit.. Beyond that sellers should appear near 8351..and the 8391 to 8406 region.
Stay Tuned for Updates…
Nearby Support is at 8499 to 8484 a slip under augurs for a test of 8445 and eventually the 8406 to 8392 region ..Below that a test of 8314 to 8300 and the 8223 to 8194 region is likely.. Traders can buy at 8223 and hold for higher prices.. Risk a close under 8194 for three days in a row.
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Nearby Resistance is at the 8560 to 8589 region.Beyond that sellers should appear near 8628 and the 8664 to 8683 region.
Trade Accordingly and stay tuned for Updates.
Sept Swiss Franc
Resistance should appear near 5653 .Beyond that resistance is 5716 to 5729 then 5760. Above that sellers should appear near the 5792 to 5805 region .
Support should appear near 5577 to 5553 and the 5504 to 5492 region where buyers should appear… A close under 5492 is negative and augurs for a test of the 5430 to 5418 region .Which should contain decline for a bit.. Traders can buy at 5431 and risk a close under 5418 for three days in a row.
Stay tuned for Flashes and Updates .
Sept British Pound
Support should appear near 1.3990 .. A slip under augurs for a test of 1.3830 to 1.3770.. Under that 1.3610 should contain a decline.. .. Traders can buy at 1.3832 and risk a close under 1.3770 for three days in a row..
Resistance is at 1.4150 to 1.4210, beyond that sellers should appear near 1.4336 and 1.4372. Above that sellers should appear near 1.4530 to 1.4590.
Trade accordingly and stay tuned for flashes
Sept Canadian Dollar
Support should appear 6483 and the 6430 to 6417 region. Under that 6350 to 6337 should contain a decline..
Nearby Resistance is at 6509..Beyond that sellers should appear near 65771 to 6591
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
August Gold
Nearby Support should appear near 267.2 to 266.3 and the 262 to 261.2 region.. Traders can buy at 267.2 and risk a close under 266.3 for three days in a row
Resistance is at 269.4 and 271.6 to 272.4 , however a close over 272.4 is friendly and augurs for a test of 275.8 to 277.4 and the 282 to 282.9 region. Beyond that sellers should appear near 287.4 to 288.
Aggressive traders can go long if a close over 272.4 occurs..
Trade Accordingly
Sept Copper
Support should appear near 7005 to 6990, a slip under augurs for a test of the 6920 to 6905 region… Below that 6835 to 6810 should contain a decline ..Traders can buy at 6920 and hold for higher prices..Risk a close under 6805 for three days in a row.
Resistance should appear near 7090 and 7140 to 7170, an extended trade over is friendly and augurs for a test of the 7245 to 7255 region.. A close over 7255 indicates a trade towards and the 7325 to 7345 and 7415 to 7430 region.
Sept Silver
Support should appear near 425 to 423.5, traders can buy at 425.5 and risk a close under 416 for three days in a row..Under that 405.5 to 404.5 should contain a decline..
Resistance is at 431.5 and the 437.5 to 438.5 region. A close over 438.5 is friendly and augurs for a test of 442.5 to 445 and eventually 450.5 to 451.5.
Trade Accordingly and stay tuned for Flashes
Exciting Energies
Sept Crude
Resistance is at 2663 to 2672 and 2716 to 2724... Beyond that sellers should appear near 2758 to 2775.. Traders can sell at 2715 and hold for lower prices. Risk a close over 2775 for three days in a row Beyond that sellers should appear near 2820 to 2829 and the 2874 to 2883 region.
Support is at 2612, a slip under augurs for a test of the 2568 to 2552 region .. a close under 2552 is negative and augurs for a test of 2519 to 2511 and eventually 2469 to 2461
Sept Unleaded Gas
Support should appear near 7345 to 7325 and the 7170 to 7140 region.. Below that a test of 7090 to 7075 is likely.. Under that buyers should appear near 7005 to 6990 and 6920 to 6910 and contain a decline for a bit..
Resistance is at 7485 to 7515 then 7580 to 7605.. traders can sell at 7480 and risk a close over 7790 fro three days in a row.. Above that resistance is at 7765 to 7780 . Beyond that sellers should appear near 7835 to 7865.
Stay tuned for Updates ..
Sept Heating Oil
Resistance is at 7170 then 7245 to 7255 and the 7415 to 7430 region. Beyond that sellers should appear near 7585 to 7605.. A close over is friendly and augurs for a test of resistance near the 7835 to 7865 region.. . Traders can sell at 7830 and risk a close over 7955 for three days in a row..
Support should appear near 6920 to 6905 and the 6835 to 6810 region. Under that support is at 6755 to 6740 Traders can buy at 6755 and hold for higher prices.. Risk a close under 6740 for three days in row. Below that buyers should appear near 6670 to 6655 then 6355 to 6335.. Under that 6115 to 6100 should contain a decline..
Stay Tuned for Energy Updates
The Grand Grains
Nearby Resistance is at 525 3/4 to 528 and the 534 1/2 to 535 3/4 region. A close over 535 3/4 is friendly and a test of 549 1/2 to 550 1/2 .. Eventuall eventually 564 to 565 3/4 and the 571 3/4 to 573 region should not be ruled out … if it holds.. Beyond that sellers should appear near 602 1/4 to 603 1/2..
Nearby Support is at 514 to 512 1/2 and the 492 3/4 to 491 1/2 region… Below that support should appear near 485 3/4 to 484 1/2 .. Traders can buy at 485 3/4 and hold for higher prices.. under that buyers should appear near 471 3/4 to 469 1/2 then
465 to 463 Below that support should appear near 458 1/2 to 457 and 451 1/2 to 450.
Stay tuned for Updates
Dec Soy Meal
Resistance should appear near the 173.1 to 173.8 region. Beyond that a trade towards 177.4 to 178.0 and eventually the 180.8 to 182.2 region is likely..Above that sellers should appear near 185.8 to 185.6 and the 190.2 to 190.9 region.
Support is at 169.6 to 168.9 under that buyers should appear near 165.5 to 164.2 and 161.5 to 160.9 .. traders can buy at 165.5 and risk a close under 160.90 for three days in a row.. Below that support should appear near 157.6 to 156 and the 153.5 to 152.9 region
Dec Soybean Oil
Support is near 1865 to 1858 and the 1822 to 1808 region.. Below that buyers should appear near 1780 to 1774 and the 1738 to 1731 region.. Traders can buy at 1780 and risk a close under 1731 for three days in a row.. Below that 1655 to 1642 should contain a decline.
Resistance should appear near 1946 to 1953 and the 1982 to 1996 region Beyond that sellers should appear near 2034 to 2042 and the 2080 to 2088 region.. Traders can sell at 2080 and risk a close over 2134 for three days in a row..
Sep Corn
Resistance should appear near 226 3/4 to 227 1/2 and 231 1/2 to 232 1/4 a close over augurs for a test of 241 1/4 to 242 and eventually the 246 to 246 region.
Support should appear near 222 3/4 and 221 3/4 a slip under augurs for a test of 218 1/2 to 217.. Below that buyers should appear near the 213 1/2 to 212 2/4 region and 208 3/4 to 208.. Traders can buy at 213 3/4 and risk a close under 208 for three days in a row.
Sept Wheat
Support should appear near 282 3/4 to 282.. Below that buyers should appear near
277 1/2 to 275 3/4 and the 272 1/2 to 271 3/4 region.. Traders can buy at 277 3/4 and
risk a close under 271 3/4 for three days in a row. Below that support should appear near the 267 1/2 to 266 1/4 region.
Resistance is at 287 1/2 to 288 1/2 and 292 3/4 to 293 3/4 .. A close over is friendly and augurs for a test of 303 3/4 to 304 1/2. Beyond that sellers should appear near 309 1/2 to 310 1/4.
Trade Accordingly
Dec Cotton
Support should appear near 4055 to 4045 then 3930 to 3910 and 3865 to 3855.
Under that buyers should appear near 3805 to 3790 and the 3745 to 3740 region.
Nearby Resistance is at 4110 to 4120 and 4235 to 4245, an extended trade over indicates a test of 4505 to 4515 then 4635 to 4650 and the 4695 to 4715 region
Sept Coffee
Support is near 5355 to 5345.. Under that buyers should appear near 5210 to 5200 and the 5065 to 5035 region. . Below that support is at 4925 to 4915 under that 4855 to 48555 should contain a decline..
Resistance should appear near 5490 to 5505 and 5715 to 5730, a close over 5730 indicates a test of 5855 to 5880. Beyond that a test of 6100 to 6115 and the 6255 to 6270 region is likely..
Stay tuned for updates…
Oct Sugar
Resistance should appear near 864 and 877 to 882… traders can sell at 864 and risk a close over 882 for three days in a row..Beyond that resistance should appear near 907 to 912 and cap a rally for a bit..
Support is at 852 to 847 and 823 to 814. Under that support should appear near 795 to 791 and the 767 to 763 region.
Sept Cocoa
Support is at 912 to 907 and 882 to 877. Under that support should appear near the
823 the 814 region and should contain a decline basis the close . Below that buyers should appear near 795 to 791.
Resistance should appear near 932 to 941, a close over is friendly and augurs for a test of the 968 to 972 region. Above that sellers should appear near 1032 to 1036 and Cap a rally for a bit..
Trade Accordingly and stay tuned for Flashes ..
August Cattle
Support is near 7427 to 7412 and 7342 to 7327. Traders can buy at 7382 and risk a close under 7327 for three days in a row. Below that buyers should appear near 7257 to 7242 and the 7172 to 7137 region..
Resistance is at 7487 to 7512 and the 7587 to 7602. Beyond that a test of 7672 to 7687 is likely
August Hogs
Support is at 6835 to 6807 and the 6757 to 6742 region. Below that 6672 to 6657 should contain a decline over the near term.. Under that buyers should appear near
6592 to 6577 and the 6512 to 6482 region.
Support is at 5880 to 5855 and the 5805 to 5790 region. Traders can buy at 5882 and risk a close under 5792 for three days in a row.. Below that buyers should appear near 5732 to 5717 and the 5652 to 5640 region.
August Bellies
Support should appear near 8497 to 8482 and the 8317 to 8297 region. Below that buyers should appear near 8137 to 8117 and 7957 to 7932..
Resistance is at 8667 to 8682. Beyond that a test of the 8762 to 8777 region is likely,
a close over augurs for a test of 8932 to 8967 and eventually the 9037 to 9062 region.
Beyond that resistance is at 9137 to 9157..
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 July 15th, 2001
1:40 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 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.
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 7-13-2001
Long Sept SP500 1218
Long Sept Copper 7210
Long Sept Canadian Dollar 6584
Long August Pork Bellies 9347
Long Dec Cotton 4125
Long Sept Coffee 6380
Short 2 Sept Swiss Franc 5571 avg
Long Sept Cocoa 941
Short Sept EC 8530
Long Aug hogs 6757
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Morning Comments ( MC) Day Trades
Archives: http://www.futurescom.com/mcper01.html
Recommended Open positions as of 7-13-2000.
NONE
Premier Service Flashes
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Archives: http://www.futurescom.com/premier.htm
Recommended Open Positions as of 7-13-2001
Long 20 Sept SP500 1230.2 avg
Long 2 Sept Dow 10225
Long 10 Sept Coffee 6255 avg
Long 8 Aug Bellies 8947 avg
Long 10 Aug Hogs 6912
Long 5 Sept Yen 8105
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Index Program
Archives: http://www.futurescom.com/index01.htm
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