FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday July 28th, 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-
Saturday July 28th, 2001
5:00 AM
The Sensational Stock and Bond Markets
Sept SP500
Nearby Resistance is at 1217.5, an extended trade over or close over is friendly and augurs for a test of 1232 to 1238 and 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.
Nearby Support should appear near the 1203 to 1192 region. Below that buyers should appear near 1180.5 and 1169 to 1164 , which should contain a decline basis the close.. Under that support should appear near 1150 then1136 to 1130 .. While buyers should appear near 1101 to 1096 .. Traders can buy at 1101 and risk a close under 1096 for three days in a row.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg
Resistance should appear near 10,470 then 10,580 and the 10,630 to 10,680 region.. 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 10,415. 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 103-17 and 103-24 .. Beyond that sellers should appear near 104-07 and 104-22.. Beyond that a test of 105-04 is likely.
Support is at 103-04 and 102-23 , traders can buy at 102-23 and risk a close under
102-06 fir three days in a row. Under that support should appear near 101-19 and
101-11.. Below that buyers should appear near 100-22.
The Frenzied Forex Front
Support should appear near 8119 then 8082 and the 8044 to 8029 region, which should contain a decline for a bit.. Traders can buy at 8082 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 8134. A close over 8134 is friendly and augurs for a test 8194 to 8223 and eventually the 8300 to 8314 region.. Which should cap a rally for a bit.. Beyond that sellers should appear near 8351.and 8391 to 8406.
Traders should go long if a close over 8134 occurs..
Stay Tuned for Updates…
Support is at 8722 and the 8683 to8668 region.. a slip under augurs for a test of 8628 and eventually the 8589 to 8560 region..Failure there is negative and indicates an eventual test of 8499 to 8484 .
.
Resistance is at 8762 to 8777.. Aggressive Traders can sell at 8762 and risk a close over 8818 for three days in a row Beyond that sellers should appear near 8816 and the to 8856 to 8871 region.. Above that resistance should appear near 8934 to 8964…Traders can sell at 8934 and risk a close over 8965 for three days in a row..
Beyond that 9040 to 9060 should cap any rally for a bit
Trade Accordingly and stay tuned for Updates.
Sept Swiss Franc
Resistance should appear near 5830 and the 5855 to 5880 region .Beyond that resistance is 5912. Above that sellers should appear near the 5945 to 5957 region .
Traders can sell at 5945 and risk a close over 5960 for three days in a row.. Beyond that 6023 to 6035 should Cap any rally.. for a bit..
Support should appear near 5805 to 5792, a close under augurs for a test of 5761 then 5729 to 5716 and eventually the 5653 to 5640 region, where buyers should appear. Under that support is at 5577 to 5553 Traders can buy at 5578 and risk a close
under 5553 for three days in a row..
Traders should go short if a close under 5792 occurs..
Stay tuned for Flashes and Updates .
Sept British Pound
Support should appear near 1.4210 to 1.4150.. A slip under augurs for a test of 1.3992. A close under 1.3992 is negative and augurs for a test of 1.3830 to 1.3770.. Under that 1.3610 should contain a decline.. .. Traders can buy at 1.3610 and risk a close under 1.3460 for three days in a row..
Resistance is at 1.4290 beyond that sellers should appear near 1.4336 and 1.4368. Traders can sell at 1.4388 and hold for lower prices.. Above that sellers should appear near the 1.4530 to 1.4590 region and Cap a Rally..
Trade accordingly and stay tuned for flashes
Sept Canadian Dollar
Support should appear 6509 to 6494 and 6483.. Traders can buy at 6509 and risk a close under 6483 for three days in a row.. below that support should appear near the 6430 to 6417 region. Under that 6350 to 6337 should contain a decline..
Resistance is at 6547, an extended trade over is friendly and augurs for a test of
6577 to 6591.. Beyond that a test of the 6659 to 6672 region is likely.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Dec Gold
Support should appear near 269.4 then 267.2 to 266.3 and the 262 to 261.2 region..
Under that a test of 256.8 to 255.2 is likely Traders can buy at 267.2 and risk a close under 266.3 for three days in a row
Resistance is at 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 6755 to 6740… Below that 6670 to 6655 should contain a decline ... Under that buyers should appear near 6590 to 6575..
Resistance should appear near 6805 to 6835 and 6910 to 6925.. An extended trade over is friendly and augurs for a test of the 6990 to m7005 and the 7140 to 7170 region..
Sept Silver
Support should appear near 418.5 to 416.5. Under that 405.5 to 404.5 should contain a decline for a bit.. Below that buyer should appear near 387 to 385.5
Resistance is at 423.5 to 424.5 and 430 to 431.5.. A close over 431.5 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 2716 to 2724... Beyond that sellers should appear near 2758 to 2775.. Above that resistance should appear near 2820 to 2829 and the 2874 to 2883 region.
Support is at 2672 to 2663 a slip under augurs for a test of 2620 to 2612 and eventually 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 7515 to 7485 then 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 7580 to 7605 and the 7765 to 7780 region .. Traders can sell at 7765 and risk a close over 7790 fro three days in a row.. Above that resistance is at 7835 to 7865 and the 7940 to 7955 region. Beyond that sellers should appear near 8030 to 8045 .
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 and the 7675 to 7690 region.. Traders can sell at 7585 and risk a close over 7780 for three days in a row..
Support should appear near 7090 to 7075 then 6920 to 6905 and the 6835 to 6810 region. Under that support is at 6670 to 6655 . Below that buyers should appear near 6430 to 6415 and should contain a decline.. Traders can buy at 6430 and hold for higher prices.. Risk a close under 6570 for three days in row
Stay Tuned for Energy Updates
The Grand Grains
Nearby Resistance is at 520 to 521 1/4, a close over is friendly and augurs for a test of the 534 1/2 to 535 3/4 region. and beyond… Eventually a test of 564 to 565 3/4 and the 571 3/4 to 573 region should not be ruled out … if it holds..
Nearby Support is at 512 1/2 , aggressive traders can buy at 512 1/2 , risk a close under 497 1/4 for three days in a row.. Below that support should appear near 492 3/4 to 491 1/2 and the 485 3/4 to 484 1/2 region…Under that buyers should appear near 478 3/4 to 477 1/2 ..Below that support should appear near 465 to 463 3/4 and contain a decline..
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 167.3 and risk a close under 164.2 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 .. Traders can buy at 1823 and risk a close under 1774 for three days in a row.... Below that support is at 1738 to 1731 while 1696 to 1689 should contain a decline.
Resistance should appear near 1902 to 1906 , a close over augurs for a test of 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..
Sept 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 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. Below that support is at 204 1/4 to 203 1/2
Sept Wheat
Support should appear near 277 1/2 to 275 3/4 . Below that buyers should appear near
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 267 1/2 to 266 1/4
Failure there augurs for test of 262 to 261.2
Resistance is at 282 to 282 3/4 and the 287 1/2 to 288 1/2 region.. Beyond that a test of 292 3/4 to 293 3/4 is likely.. A close over is friendly and augurs for a test of 303 3/4 to 304 1/2.
Trade Accordingly
Dec Cotton
Support should appear near 4315 to 4305 and 4245 to 4235.. A slip under augurs for a test of 4185 to 4165 .. Below that support should appear near 4120 to 4110 ... Traders can buy at 4185 and risk a close under 4110 for three days in a row.. Under that
support is at 4055 to 4045 then 3930 to 3910 and 3865 to 3855.
Resistance is at 4380 to 4370 and 4425 to 4445 , an extended trade over indicates a test of 4505 to 4515 then 4635 to 4650 and eventually the 4695 to 4715 region
Sept Coffee
Support is near the 5065 to 5035 region. . Below that support is at 4925 to 4915 under that 4855 to 4855 should contain the decline..
Resistance should appear near 5200 to 5210. Beyond that a test of 5345 to 5355 and the 5415 to 5430 region is likely
Stay tuned for updates…
Oct Sugar
Resistance should appear near 877 to 882..Beyond that a test of 907 to 912 is likely.. Above that resistance is at 932 to 941 and should cap a rally for a bit..
Support is at 847 then 835 and 823 to 814. Traders can buy at 836 and risk a close under 812 for three days in a row.. 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
852 to 847 and should contain a decline basis the close . Below that buyers should appear near 823 to 814.
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 7257 to 7242 and the 7172 to 7137 region..
Resistance is at 7327 to 7342 and 7412 to 7427 region
August Hogs
Support is at 7002 to 6992 and 6957 and the 6922 to 6907 region.. Traders can buy at 6957 and risk a close under 6807 for three days in a row.. Below that support is at 6835 to 6807 and the 6757 to 6742 region. Under that 6672 to 6657 should contain a decline over the near term..
Support is at 5957 to 5942 and 5880 to 5855. Traders can buy at 5957 and risk a close under 5855 for three days in a row.. Below that buyers should appear near 5805 to 5790 and the 5732 to 5717region.
August Bellies
Support should appear near 9642 to 9622 and the 9542 to 9527 region .. Under that buyers should appear near 9447 to 9422 and 9347 to 9317…. Traders can buy at
9452 and risk a close under 9317 for three days in a row. Under that 9157 to 9137 should contain a decline .
Resistance is at 9707 to 9737 . Beyond that a test of the 9822 to 9837 region is likely.
A close over is friendly and augurs for a test of 9922 to 9937 and eventually the 10102 to 10137 region.. Beyond that a trade towards 10317 to 10362 is likely.
Aggressive Traders should go long if a close over 9737 occurs
Stay tuned for Livestock Updates and Flashes
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Saturday July 28th, 2001
11:05 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.
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Bi Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 7-27-2001
Long 2 Sept SP500 1216.50 avg
Long Sept Copper 6920
Long Sept Cocoa 941
Long Sept Silver 525.5
Long Dec Gold 268.4
Long August Cattle 7382
Short Sept Crude Oil 2715
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Morning Comments ( MC) Day Trades
Archives: http://www.futurescom.com/mcper01.html
Recommended Open positions as of 7-27-2001.
Long 2 Sept Sp500 1225.8
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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 7-27-2001
Long 25 Sept SP500 1227.1 avg
Long 10 Sept Yen 8122 avg
Short 10 Sept EC 8622 avg
Long 10 Sept Wheat 282 1/2
Long 10 Dec Soymeal 170.7
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