FuturesCom
Investment Publications
Dedicated to Excellence in Analysis
of Futures Markets
Bi-Weekly Investment Outlook (BW)
Sunday July 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
"If the Creator had a purpose in equipping us with a neck,
he surely meant for us to
stick it out. "--- Arthur Koestler
Sunday
July 23, 2000
5:00
AM
The Sensational Stock and
Bond Markets
Sept
SP500
Nearby
Resistance is at 1490.. Beyond that sellers should appear near 1496
and 1502.60 . A close over 1996 is friendly and augurs for a test of 1511 to 1512.5 .. Beyond that sellers should
appear near the 1529 to 1535 region
Support
is at 1484. Below that buyers should appear near 1480 and the 1475.50 to
1471.50 region.. BW Traders can buy at 1471.7 and hold for higher prices..
Below that support should appear near 1468 then 1459 and the 1456 to 1453
region..
Aggressive BW Traders should go long if close over
1496.00 occurs.
Stay
Tuned for Updates
Trade
Accordingly..
Sept mini - NASDAQ 100
Nearby Support is
at 3929 to 3909 and 3867 to 3858 under
that support is at 3832 to 3821 and the 3806 to 3795 region. Traders can buy at 3832 and hold for higher
prices.. Under that buyers should appear near 3743 to 3736 , which should stop a decline for a bit,
basis the close. Below that buyers should surface near 3682 to 3663 and the
3623 to 3613 region.
Nearby Resistance remains
near the 3982 to 3992 region. A close
over 3992 is friendly and augurs for a test of 4046 to 4056 and beyond towards
the 4096 to 4120 region is likely. Above that 4163 to 4183 offers resistance
Dow
Jones Futures
Dow
Jones Industrial Avg.
Resistance
should appear near 10,757 and 10,820. Beyond that resistance is at
10,880 and the 10,960 to 10,985 region
Support should appear near 10,680 then 10,630 and 10,580. Under that 10,510 to
10,475 should contain a decline. Under
that support should appear near 10,410 then 10,360 to 10,320.
Cash NASDAQ
Resistance is 4110 to 4120 Beyond that a test of the 4163
to 4183 region is likely to occur. Above that resistance is near 4238 to 4249
then 4304 to 4315.
Support should appear
near 494 to 4046 then 3992 to 3982 .
Under that buyers should be evident at 3929 to 3909 and the 3868 to 3857
region Below that support is at 3806 to
3795 which should contain a decline for a bit. Below that buyers should appear
near 3743 to 3736.
Trade Accordingly
Sept Bonds
Support should appear
near 98-11 to 98-07 and 97-22 Traders can buy at 97-22 for a good
turn higher, risk a close under 97-07 for 2 days in a row. Under that 96-29 to 96-26 should contain a decline.
Below that Buyers should appear near 96-04 and the 95-26 to 95-18 region.
Resistance is
at 99-03 and the 99-27 to 99-29 region.
Beyond that Sellers should appear near 100-06 and 100-12 then 100-26.
The Frenzied Forex Front
Support should appear
near 9264 then 9235 and 9202 to 9192. Under that 9156 to 9140 should contain a
decline for a bit.
Resistance should
appear near 9316 to 9331 then 9347. A close over 9347 is friendly and augurs
for a test of 9388 then 9429 to 9445 . Beyond that sellers should appear near
9487 and the 9526 to 9542 region.
Traders should go
long if a close over 9347 occurs.
Trade Accordingly and Stay Tuned for Flashes and Updates
Resistance should
appear near 6068 then 6101 to 6112 ..Above that resistance should appear near
6165 to 6190.
Support should appear
near 6035 to 6022 then 5998 to 5990 Traders can buy at 5990 and risk a close under 5940 for three
days in a row.. Under that 5957 to 5945 should contain a decline for a bit..
Below that support is at 5912 and the 5880 to 5855 region.
Stay tuned for Flashes...
Sept British Pound
Support should appear
near 1.5124.. Traders can buy at 1.5126 and risk a close under 1.5056 for three
days in a row.. Under that support is at 1.5058 and the 1.4960 to 1.4900 region below that support is at 1.4840
and 1.4714.
Resistance is
at 1.5290 to 1.5350 then 1.5520 , beyond that sellers should appear near then
1.5690 to 1.5760 region.. Traders can sell at 1.5690 and hold for lower
prices..
Trade Accordingly and stay tuned for Flashes.
Sept Canadian Dollar
Nearby
Support is at 6782 then 6755
to 6741 and 6707. Traders can buy at
6755 for a turn higher, risk a close under 6741 for three days in a row. Under
that buyers should appear near 6673 to 6659.
Resistance is
at 6809 then 6823 to 6836 . Beyond that
sellers should appear near the 6858 to 6871 region
Trade Accordingly and
Stay tuned for FuturesCom's Forex
flashes
Precious
Metals
Dec Gold
Support is at 285.1 and the 282.8
to 282.2 region. Traders can buy at
285.1 for a turn higher , risk a close under 280.10 for three days in a row.
Resistance is at 287.4 to 288.3. a
close over 288.3 is friendly and augurs for a test of 292.8 to 293.7 Above that sellers should appear near the
297.2 to 299 region.
Traders
should go long if a close over 287.90 occurs.
Sept Copper
Support is at 8590 to
8565 under that support is at 8505 to 8485. Below that support is at 8405 to
8390. Under that buyers should appear near 8315 to 8300.
Resistance should
appear near 8760 to 8775 and the 8855
to 8870. Traders can sell at 8855 and hold for lower prices, risk a close over
8965 for three days in a row
Above that resistance is at 8935 to 8965 and the 9040
to 9065 region.
Sept Silver
Support should appear
at near 492.5 to 491.5, which should
contain a decline basis the close for, a bit. Below that buyers should appear
near 486 to 484.5. Traders can buy at 492.5 and hold for higher prices… Risk a close under 484.5 for three days in
a row.
Below that support is at 478.5 to 477.5
Resistance is at 499.5 then 501.5 to 503.5. A
close over 503.5 is friendly and augurs
for a test of 509 then 512.5 to 514.5 and eventually the 517 to 520.5 region…if it holds
Traders should go long if a close over 503.5 occurs
Stay tuned for Flashes
The Exciting Energies
Sept Crude
Resistance is
at 2874 to 2883 and 2929 to 2937 then 2972 to 2982. Beyond sellers should
appear near 3012 and the 3036 to 3045
region. Traders can sell at 3012 and risk a close over 3045 for three days in a
row. Above that resistance is at 3092
to 3102 and the 3148 to 3157 region.
Trade Accordingly
Sept Unleaded Gas
Support should appear near
8499 to 8485 and 8405 to 8390.Under that buyers should appear near 8315 to 8300
and the 8135 to 8105 region. Aggressive traders can buy at 8135 and hold for
higher prices. Risk a close under 8105 for three days in a row
Resistance should appear near 8665 to 8685 beyond that resistance is at
8760 to 8780 Above that resistance
should appear near 8855 to 8870 and the 8935 to 8965 region.
Traders can sell at
8935 for a turn lower and risk a close over 8965 for three days in a row.
Sept Heating Oil
Resistance is at 7765 to 7780 and the 7835 to 7865
region. Above that sellers should appear near 7935 to 7955 and the 8035 to 8045
region .
Support is near 7600
to 7580 and the 7515 to 7480 region , which should contain a decline over the
near term…Traders can buy at 7505 for a bounce ,risk a close under 7410 for two
days in a row. Below that Support should appear near 7345 to 7325..
Stay Tuned for Energy Updates
The Grand Grains
Support should appear
near 465 to 463 3/4 then 458 1/2 to 457. A close under 457 is negative and
augurs for a test of 451 1/2 to 450 3/4.. Under that 439 to 437 should hold.
Resistance is
at 469 3/4 to 471 1/2 and the 477 1/2 to 479 region. A close over 478 3/4 is
Friendly and augurs for a test of 484 to 486. Beyond that a test of the 491 to
497 region is likely.
Traders should go
long if a close over 471 3/4 occurs.
Dec Soybean Meal
Support should appear near 151.3 and the 149.6 to 148.4 region , under that buyers should
appear near 145.9 to 145.3 and 142.1 to 141.5. Traders can buy at 151.4 and hold for higher prices. Risk a
close under 148.4 for three days in a row.
Resistance is
at 153.5, a close over 153.5 is
friendly and augurs for a test of 156.9 to 157.6. Beyond that resistance is at
159.2 and 160.9 to 161.5
Dec SoyBean Oil
Support is near 1628.
Traders can buy at 1629 and hold for higher prices. Under that support is at
1615 to 1609 and the 1576 to 1569 region.
Resistance should
appear near 1655 and 1672 then 1689 to
1696 and 1731 to 1738
Dec Corn
Resistance should appear near 203 1/2 to 204 14 and 208 to 209 1/2..
Beyond that a test of 212 1/2 to 213 3/4 is likely.
Support should
appear 199 1/4 to 198 1/2 under that buyers should appear near 195 1/2 to 194
1/2 and the 190 3/4 to 190 1/2 region.
Sep Wheat
Support is at 247 to 246 1/4
and the 242 to 241 region. Below that 237 to 235 1/2 should contain a decline
for a bit..
Resistance is at 251 to 252 and 255 1/2 to 256 3/4, a close over 252
1/4 is friendly and augurs for a test of 261 1/2 to 262 beyond that a test of
the 266 1/4 to 267 1/2 region is likely
Trade Accordingly and Stay Tuned for Updates in the Grain
Markets
Dec Cotton
Support should appear near 6115 to 6100 . Below that buyers should
appear near 6035 to 6020 and the 5960 to 5945 region. .Under that 5880 to 5855
should hold.
Resistance is at 6165 to 6190 beyond that resistance is at 6255 to
6270. A close over 6270 is friendly and
augurs for a test of 6335 to 6350 and eventually the 6555 to 6670 region.
Trade
Accordingly
Sept Coffee
Support is at 9640 to 9625
..Below that support should appear near 9540 to 9525 and 9445 to 9420 under that buyers should appear near the 9345 to
9315 region. Below that 9235 should
hold. Under that buyers should appear
near 9165 to 9140 and the 9070 to 9030 region.
Resistance should
appear near 9735 , a close over 9735 is friendly and augurs for a test of 9920
to 9940. Above a test of 100.00 to
100.50 and the 101.85 region is likely.
Beyond that sellers
hold appear near 103.20 to 103.60 and 105.80 to 105.70
Oct Sugar
Resistance is at 1058 to 1068 then 1096 to 1101.
Support is at 1036 to 1032 and 1005 to 1000, Below that buyers should appear near 972 to 968
Sept Cocoa
Resistance is at 907 to 912 and
932 to 941 then 953 and 968.
Support is at 882 to 877 and 868 under that buyers should appear
near 852 to 847.
Oct Cattle
Support is near 6922 to 6907
and 6887 then 6837 to 6812. Traders can buy at 6837 and hold for higher prices
under that support is at 6787 and the 6752 to 6737 region.
Resistance is
at 6992 to 7007. Beyond that resistance should appear near 7072 to 7087 and the
7142 to 7172 region , traders can sell at 7137and hold for lower prices.
Resistance should
appear near 6622 then 6657 to 6672. Beyond that sellers should appear near 6707
then 6742 to 6757. Traders can sell at 6757 for a turn lower, risk a close over
6812 for three days in a row.
Support should appear near 6592 to 6577 and 6512 to 6482, below that
support is at 6432 to 6417 and 6352 to
6337 which should hold for a bit.
Support is a 8407 to
8392 and the 8317 to 8302 region . Below that a test of 8227 to 8197 is likely
Under that buyers should appear near the 8132 to 8112 region. Below that
support is at 8047 to 8027. Under that 7867 to 7837 should contain a decline.
Resistance is at 8482 to 8502 and 8557 to 8587. Where sellers should appear, beyond that resistance is at 8667 to 8682 . Above that sellers
should appear near the 8762 to 8777
region. Traders can sell at 8762 and
hold for lower prices..Beyond that 8857 top 8872 should cap a rally..
Stay tuned for Livestock Updates.
A ship in Harbor is Safe.. But that's not what ships are
built for.
Happy Trading
Sunday July 23, 2000
11: 25 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 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.
Copyright @
2000 FuturesCom investment Publications All Rights Reserved
FuturesCom
is Not Responsible for electronic or transmission errors.
FuturesCom Investment Publications
Performance and Open Positions as of 7-21-2000
Combined Value of All Programs: $ 1,322,657.55
YTD + $ 337,356.40 (+34 %)
Starting
Value Feb 1997 $ 55,000.00
Combined Value Feb 1998 $ 156,863.95
Combined Value Feb 1999 $ 510,797.05
Combined Value 12-31-1999 $ 985,301.15
Combined Value Feb 2000* $ 1,041,610.45
*Tracking Year Begins: Feb 13 ,2000 for BW, MC &
Index. Feb 24 for Premier
Combined Value June 2, 2000 $ 1,255,931.30
Combined Value June 16, 2000 $ 1,248,748.15
Combined Value July 7,2000 $ 1,266,591.15
Current Combined Value July 21,2000 $
1,322,657.15
Bi Weekly Investment Outlook(BW)
Value as of 7-21 $82,782.55
Tracking Year to
Date : + $27,782.55 ( +50 %)
Archives: http://www.futurescom.com/bwparc.htm
BW Recommended Open positions : Long
Sept SP500 at 1515.50
2-13-2000 Value $ 55,000.00 tracking year starting
value
6-02-2000
Value $
84,691.80
6-16-2000 Value $ 84,965.55
7-07-2000 Value $ 84,512.30
7-21-2000
Value $
82,782.55
------------------------------------------------------------------
Morning Comments ( MC )
Value as of 7-21 $57,926.15
Tracking Year to date + 7,926.15 ( + 15 % )
Archives : http://www.futurescom.com/mcper00.html
Recommended open positions : Long Sept SP500 at 1512.50
2-13-2000 Value $ 50,000.00 tracking year starting
value
6-02-2000 Value $ 55,538.65
6-16-2000 Value $ 56,723.65
7-07-2000 Value $ 63,123.65
7-21-2000 Value $ 57,926.15
-------------------------------------------------------------------
Index Program
Value as of 7-21 $ 218,815.70
Tracking Year to Date + 68,360.00 (+ 45 % )
48 Closed Trades: 44 Winners, 4
Losses
2 Open Trades : 2 Losers
Archives: http://www.futurescom.com/indexfl.htm
Recommended Open positions :
Long 1 Sept
SP500 1498.80
Long 2 Sept mini Nasdaq 4007
2-13-2000 Value $ 150,455.70 Tracking year starting value
6-02-2000 Value $ 196,540.70
6-16-2000 Value $ 201,000.70
7-07-2000 Value $
212,450.70
7-21-2000 Current Value $
218,815.70
-------------------------------------------------------------------------
Premier Service
Value as of 7-21-2000 $ 963,133.25
Calendar Year to Date + $
222,099.00 ( +30 %)
Archives : http://www.futurescom.com/premier.htm
2-09-1998 Value $
101,863.95 Inception Value
* 2-23-1999 Value $
404,088.95 * 1999 Tracking year begins
Jan 1-2000 Value $
741,034.25
*2-24-2000 Value $
786,154.75 * 2000 Tracking year begins
6-02-2000 Value $ 919,360.15
6-16-2000 Value $ 906,058.25
7-07-2000 Value $ 906,504.50
7-21-2000 Current Value $
963,133.25
Recommended Positions :
Long 4 Sept Yen 9321 avg
Long 4 Sept Silver 507.5
Short 2 August Bellies 8290
Short 4 Aug Hogs 6555
Long 2 Sept Coffee 100.00
Long 2 Sept SP500 at 1491
-------------------------------------------------------------------------------------------
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.
Updates of trades are 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 @
2000 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or
transmission errors.