FuturesCom Investment Publications
Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday Sept 3, 2000
Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs
7690 Rockport Circle Lake Worth Florida 33467-7308, Tel: 561-632-2700 http://www.futurescom.com Instant Flashes
Description of Services
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, September 03, 2000
9:29 AM
The Sensational Stock and Bond Markets
Sept SP500
Resistance is at 1529 to 1535 Traders Can Sell at 1529 and hold for lower Prices..
Above that resistance is at 1541.90 to 1543.50. Beyond That Sellers should appear near 1552 and the 1569 to 1575 region..
Support is at 1520.80 an extended trade under or close under 1520.80 is negative and augurs for a test of the 1512.50 region.. Under that Buyers should appear near
1504.70 ..Below that a test of the 1496 to 1493 region is more likely. than not to occur…under that that buyers should appear near 1490 to 1487. Under that buyers should appear near the 1484 region. Traders can buy at 1484 and hold for higher prices..
Traders Should Go Short if a close under 1520.80 occurs.
Stay Tuned for Updates
Trade Accordingly..
Sept mini - NASDAQ 100
Nearby Support is at 4110 and 4056 to 4046.. Under that buyers should appear near the 3992 to 3982 region. Traders can buy at 3993 and hold for higher prices..
Below that support is at 3955 and the 3929 to 3909 region..
Resistance remains near the 4163 to 4183 region. Beyond that Sellers should appear near 4238 to 4249. A close over 4249 is friendly and augurs for a test of 4304 to 4315 and the 4370 to 4351 region.
Dow Jones Industrial Avg.
Resistance should appear near 11,300 to 11,320 and 11,360. Beyond that Good Sellers should surface near 11,430 and the 11,500 region.
Support should appear near 11,227.5 and 11,192… a close under 11,227.5 is negative and augurs for an eventual test of 11,155 Under that support should appear near 11,083 then 11,010 and the 10,985 to 10,960 region. Which should contain a decline basis the close.
Cash NASDAQ
Resistance should appear near 4238 to 4249. Beyond that a test of 4304 to 4315 is likely..A close over 4315 is friendly and augurs for a test of 4370 to 4381 and the 4425 to 4446 region.
Support should appear near 4183 to 4163. A close under 4163 augurs for a test of 4120 to 4110 and the 4056 to 4046 region, which should contain a decline for a bit.
Below that buyers should appear near 3992 to 3982.
Trade Accordingly
Dec Bonds
Support should appear near 100-08 and 99-22.. Under that support should appear near 99-07 and contain a decline. Traders can buy at 99-07 and risk a close under 99-03 for three days in a row. Below that Buyers should appear at 98-27 and the 98-12 region.
Resistance is at 100-29 then 101-16. Traders can sell at 101-15 and Hold for lower prices.. Risk a close over 102.07 for three days in a row. Above that resistance is at 102-28 region, which should cap a rally..
The Frenzied Forex Front
Support should appear near 9445 to 9429. Traders can buy at 9447 and hold for higher prices..Below that support should appear near the 9388 region.. Under that 9347 to 9316 should contain a decline. Under that 9237 should hold.
Resistance should appear near 9487. A close over 9487 is friendly and augurs for a test of the 9526 to 9542 region. Beyond that sellers should appear near 9586 and the 9625 to 9641 region.
Traders should go long if a close over 9487 occurs.
Trade Accordingly and Stay Tuned for Flashes and Updates
Resistance should appear near 5830 and 5855 Above that sellers should appear near 5867 to 5880 and 5912.. Beyond that Sellers should appear near 5940 to 5957. Aggressive Traders can sell at 5945 for a turn lower and hold for lower prices,.
Support should appear near the 5805 and 5792 to 5786..which should contain a decline for a bit. Traders can buy at 5793 and hold for higher prices.. Under that support is at 5729 to 5716 and 5653 to 5640.
Stay tuned for Flashes...
Sept Euro
Resistance should appear near 9040 to 9060 then 9100 and 9140 to 9156. Traders can sell at 9100 for a quick turn lower , risk a close over 9157 for two days in a row.. Beyond that sellers should appear near 9172 then 9197 and 9235.
Support is at 8992 and the 8964 to 8934 region. Traders can buy at 8967 and Hold for higher prices.
Trade Accordingly..
Sept British Pound
Support should appear near the 1.4590 to 1.4530.. Traders can buy at 1.4570 and hold for higher prices.. Under that buyers should appear near 1.4456 and 143.72
Resistance is at 1.4690 to 1.4716 and 1.4762.. Beyond that a test of 1.4840 is likely.
Sept Canadian Dollar
Support is at 6782 and the 6755 to 6741 region under that buyers should appear near 6707. A close under 6707 is negative and augurs for a test of 6673 to 6659.
Resistance is at .6809 and the 6823 to 6836 region. Above that a test of 6872 then 6909 to 6922 is likely.
Pick your Poison ,Trade Accordingly and Stay tuned for FuturesCom's Forex flashes
Precious Metals
Dec Gold
Support is at 280.4 and 279.80 Traders can buy at 279.90 and hold for higher prices..Below that support is at 277.5 to 275.8 and 272.4 to 271.6.
Resistance is at 282.0 to 282.9.. A close over 282.90 is friendly and augurs for a test of 284.40 and 285.2 beyond that a test of 287.4 to 288.3 is likely
Traders should go long if a close over 282.9 occurs..
Dec Copper
Support is at 8870 to 8855 a close under 8855 augurs for a test of 8775 to 8760 and the 8685 to 8665 region. Traders can buy at 8665 and hold for higher prices. Below that support is at 8575 then 8495 to 8480. Under that buyers should appear near the 8405 to 8390 region.
Resistance should appear near 9040 to 9065. Above that sellers should appear near 9140 to 9165 and the 9235 region..Traders can sell at 9225 and Hold for lower prices.
Beyond that resistance is at 9315 to 9345 and the 9425 to 9445 region.
Dec Silver
Support should appear at near 503.5 then 498.5 to 497 Traders can buy at 498.5 and hold for higher prices.. Below that support is at 492.5 to 491 and 485.5 to 484.5.
Resistance is at 505.5 to 506.5 then 511 and the 512.5 to 514.5 region. Beyond that a test of 520 to 521.5 is likely.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
Oct Crude
Resistance is at 3377 to 3386. Beyond that sellers should appear near 3425 to 3443 then 3493 to 3501, which should Cap a rally for a bit.. Traders can sell at 3493 and hold for lower prices.. risk close over 3564 for three days in a row..
Oct Unleaded Gas
Support should appear near 9540 to 9525 and 9495 then 9445 to 9429 and the 9345 to 9315 region. Under that buyers should appear near 9235 and 9160 to 9140..Traders can buy at 9235 and risk a close under 9140 for three days in a row. Below that buyers should appear near 9060 to 9040 and the 8965 to 8935.
Resistance should appear near 9625 to 9645 and 9675. Above that sellers should appear near the 9705 to 9737 region. A close over 9737 is friendly and augurs for a test of 9820 to 9850.. Beyond that resistance should appear near 9920 to 9940 and 9995. Above that Sellers should be evident at 1.0020 to 1.0040.. Traders can sell at 1.0020 and risk a close over 1.0105 for three days in a row. Beyond that 1.0155 should
cap a rally.
Oct Heating Oil
Resistance is at 9820 to 9835. Above that sellers should appear near 9920 to 9937 and the 91.0020 to 1.0035 region. Beyond that resistance is at 1.0105 to 1.0135 and should cap the rally for a bit.
Support is near 9735 to 9705. A close under 9705 is negative and augurs for a test of 9640 to 9625 and the 9545 to 9525 region. Below that buyers should appear near
9445 to 9520 and the 9345 to 9315 region.
Traders should go Short if a close under 9705 occurs.
Stay Tuned for Energy Updates
The Grand Grains
Support should appear near 499 1/2 to 497 1/2 and 492 3/4 to 491 traders can buy at 499 1/2 for a turn higher ,initially plan on risking a close under 491 for three days in
a row.. Below that buyer should appear near 486 3/4 to 484 1/2 and the 478 3/4 to 477 1/2 region where buyers should step in and contain a decline.
Resistance is at 506 3/4 . A close over 506 3/4 is friendly and augurs for a test of 512 1/2 to 514 and eventually the 520 to 521 region which should cap a rally for a bit. Beyond that sellers should appear near 525 1/2 to 528.
Traders should go long if a close over 506 3/4 occurs.
Dec Soybean Meal
Resistance should appear near 171.1 and the 173.1 to 173.8 region . Above that sellers should appear near 175.6 and the 177.4 to 178.0 region.
Support is at 169.6 and 168.9 to 167.9 below that buyers should appear near
165.5 to 164.2 and the 161.5 to 160.9 region.
Dec SoyBean Oil
Support is near the 1628 and 1614 to 1609, which should contain a decline.
Traders can buy at 1628 and hold for higher prices. Below that support is at 1597 and the 1576 to 1569 region.
Resistance should appear near1642 to 1648 and 1655. Beyond that a test of 1675 then 1689 and the 1696 top 1712 region is likely.
Resistance should appear near 194 3/4 to 195 1/2 .., beyond that sellers should appear near 198 1/4 to 199 3/4 and the 202 to 203 1/4 region.
Support should appear 193 3/4 and the 191 to 190 1.4 region Below that buyers should appear near 186 1/2 to 185 3/4 region
Support is at 266 1/2 then 264 1/2. Under that support is at 262 to 261 1/2. Traders can buy at 262 1/4 and hold for higher prices. Below that Support is at 256 3/4 to 255 1/4
Under that buyers should appear near 251 3/4 to 251.
Resistance is at 270 3/4 to 272 1/2. A close over 272 1/2 is friendly and augurs for a test of 275 3/4 to 277 1/2 and the 282 to 282 3/43 region. Beyond that resistance is at 287 1/2 to 288 1/2.
Traders should go long if a close over 272 1/2 occurs..
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
Dec Cotton
Support should appear near 6510 to 6480 and 6430 to 6415 under that buyers should appear near 6350 to 6335. Traders can buy at 6350 and hold for higher prices..
Resistance is at 6575 to 6590 . Beyond that resistance is at 6655 to 6675. A close over 6675 is friendly and augurs for a test of 6740 to 6755 and eventually the 6810 to 6835 region.
Trade Accordingly
Dec Coffee
Support is near the 8025 under that support should appear near 7955 to 7940 then 7900 and the 7865 to 7835 region. Traders can buy at 7865 and hold for higher prices.
Below that buyers should appear near 7775 to 7755 and the 7690 to 7675 region.
Resistance should appear near 8115 to 8135 and 8170 to 8195 then 8225. A close
over 8225 augurs for a test of 8300 to 8315 then 8390 to 8405 and eventually the 8560 to 8590 region.
Traders should go long if a close over 8225 occurs.
Oct Sugar
Resistance is at 1096 to 1101. Beyond that Resistance should appear near 1130 to 1136 and the 1164 to 1169 region.
Support is at 1081 then 1068 to 1063. Under that buyers should appear near 1058 and the 1036 to 1032 region
Trade Accordingly
Dec Cocoa
Resistance is at 814 to 823 and 835. Beyond that sellers should appear near 847 to 852. Traders can sell at 846 and hold for lower prices.. Risk a close over 864 for three days in a row.
Support is at 799 to 795 and 791 to 789 ..Below that buyers should appear near 779 and the 767 to 763 region.
Oct Cattle
Support is near 6672 to 6657 and 6627.. Below that buyers should appear near 6592
to 6577 and the 6507 to 6482 region.
Resistance is at 6707 then 6742 to 6757, a close over 6757 is friendly and augurs for a test of 6807 and the 6822 to 6837 region
Support should appear near 5282 to 5257. Below that buyers should appear near 5212 then 5197 to 5177, which should contain a decline for a bit. Traders can buy at 5207 and hold for higher prices.. Under that buyers should appear near 5142 to 5127 and 5067 to 5037. Aggressive Traders can buy at 5067 for turn higher, risk a close under 5037 for three days in a row.
Resistance should appear near 5317 then 5342 to 5357 and 5417 to 5432 . A close over 5432 is friendly and augurs for a test of 5492 to 5507 and most likely the 5552 to 5577 region. Beyond that sellers should appear near 5607 and the 5637 to 5652 region,
traders can sell at 5637 and hold for lower prices.
Support is at 6657 and the 6592 to 6577 region. Below that buyers should appear near the 6512 to 6482 region. Under that support is at 6432 to 6417. Below that 6352 to 6337 should contain a decline. Traders can buy at 6352 and hold for higher prices..
Resistance is at 6742 to 6757. A close over 6757 is friendly and augurs for a test of 6812 to 6837 and the 6907 to 6922 region, where sellers should appear, beyond that resistance is at 6992 to 7002 . Above that sellers should appear near 7072 to 7087
Stay tuned for Livestock Updates…
A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Sunday Sept 03, 2000
2:15 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.
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 9-2-2000
Combined Value of All Programs : $ 1,334,994.40
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
Current Combined Value Sept 2 ,2000 $ 1,334,994.40
Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
BW Recommended Open positions as of 9-02-00
Long Dec Cotton 6680
Long Dec Cattle 6885
2-13-2000 Value $ 55,000.00 tracking year starting value
9-02-2000 Current Value $ 74,181.00
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Morning Comments ( MC )
Archives : http://www.futurescom.com/mcper00.html
2-13-2000 Value $ 50,000.00 tracking year starting value
9- 02-2000 Value $ 50,849.90
-------------------------------------------------------------------
Index Program
Archives: http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 9-02-00
Short 1 Sept SP500 1521.10
2-13-2000 Inception Value $ 150,455.70
9-02-2000 Current Value $ 222,435.70
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Premier Service
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
9- 02-2000 Current Value $ 987,527.75
Recommended Positions as of 9-02-00
Long 2 Dec Gold 286.0
Short Sept SP500 1527.50
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.
Copyright @ 2000 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.