FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday September 30, 2000
On the Web Since 1996 & Dedicated to Excellence
Socio Economics, Stock Index Futures: Nasdaq - SP500 - Dow Jones Industrial Avg
-Bonds - Forex - Energy- Precious Metals -
-Livestock - Grain and Soft Commodity Future Markets
Bi-Weekly Investment Outlooks Morning Comments Special Reports Index Flashes
7690 Rockport Circle, Lake Worth Florida 33467, Tel: 1- 561-632-2700 http://www.futurescom.com
Description of Services Performance Archives
“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Saturday, September 30, 2000
6:00 AM
*Click the link to view the daily chart as of Friday.
The Sensational Stock and Bond Markets
Dec SP500
Resistance is at 1456 to 1459 and 1463.30 to 1465.20, an extended trade over 1465.20 indicates a test of 1471.5. Beyond that a test of 1475.10 to 1477.70 is likely, while a close over 1471.50 is friendly and augurs for an eventual test of 1484 and the 1490 to 1496 region..Beyond that a test of 1512.50 and the 1529 to 1535 region is likely to occur.
Support is at 1453 and 1445 to 1443.9. Aggressive Traders can buy at 1445 and hold for higher prices, risk a close under 1437 for three days in a row. Under that buyers should appear near 1437 and the 1432.30 to 1429 region..Traders who have
‘Ice Water Running Through Their Veins’ can buy at 1432.30 and hold for higher prices.
Below that 1421 to 1418 should contain a decline for a bit. Under that buyers should appear near 1399 and the 1383 to 1377 region.
Traders should go long if a close over 1471.50 occurs
Trade Accordingly and Stay Tuned for Updates..
Dec mini - NASDAQ 100
Nearby Support is at should appear near 3613 and the 3563 to 3553 region. Under that
support is at 3503 to 3493 then 3443 to 3425 and the 3386 to 3377 region, which should contain a decline.
Nearby Resistance should appear near 3623, an extended trade over 3623 is friendly and augurs for a test of 3668 to 3683. Beyond that resistance is at 3736 to 3743.
A close over 3746 is friendly and augurs for a test of 3795 to 3806 and eventually the 3858 to 3867 region. Beyond that resistance should appear near 3909 to 3929.
Dow Jones Industrial Avg.
Resistance should appear near 10,680. An extended trade over 10,680 is friendly and indicates a test of 10,757. Beyond that resistance is at 10,820 . A close over 10,820 is friendly and augurs for an eventual test of the 11,960 to 11,010 region.
Support should appear near the10,630 to 10,580 region. Which should contain a decline basis the close over the near term. Below that support is at 10,510 and
10,470. Under that support is at 10,360 to 10,300.
Cash NASDAQ
Resistance should appear near 3683 then 3736 to 3743. Beyond that sellers should appear near 3795 to 3806 and 3858 to 3867. Beyond that sellers should appear near 3909 to 3929. Above that a test of 3982 to 3992 is likely to occur.
Support should appear near 3663. Under that support should appear near the
3563 to 3553 region. Below that buyers should appear near 3503 to 3493 and the 3443 to 3425 region. Under that 3386 to 3377 should contain a decline.
Trade Accordingly
Support should appear near 98-13 and 98-05. Under that Buyers should appear near 97-28 then 97-16 and 97-07 , traders can buy at 97-07 and hold for higher prices.. Below that support should appear near 96-26 to 96-22.
Resistance is at 98-28 and the 99-04 and 99-17 region. Traders can sell at 99-17 for a turn lower , risk a close over 99-28 for three days in a row. Above that resistance is at
100-09 and the 100-25 region, which should cap a rally..
The Frenzied Forex Front
Support should appear near 9347 to 9331and 9316 to 9310, which should contain a decline. Below that 9237 should hold. Under that support is at 9156 to 9140
Resistance should appear near 9388 then 9416 to 9429 and 9445. A close over 9445 is friendly and augurs for a test of the 9526 to 9542 region. Beyond that a trade towards 9586 and the 9625 to 9641 region is more likely than not to occur..
Trade Accordingly and Stay Tuned for Flashes and Updates
Resistance should appear near 5855 to 5868. Above that sellers should appear near 5880. Beyond that a test of 5912 and the 5945 to 5955 region is likely to occur.
A close over 5955 is friendly and indicates a test of 6023 to 6035 where sellers should appear and cap a rally for a bit.
Support should appear near 5830 then 5805 to 5792 and 5761.. Traders can buy at 5793 and hold for higher prices..Risk a close under 5761 for three days in a row. Below that buyers should appear near the 5729 to 5716 region, which should contain a decline for a bit. Under that support is at 5686.
Stay tuned for Flashes...
Support should appear near 8816 and 8801 then 8777 to 8762.. Traders can buy at 8778 and hold for higher prices.. Below that buyers should appear near the 8683 to 8668 region. Under that buyers should appear near 8589 to 8560.
Resistance is at 8856 to 8871, an extended trade over 8871 is friendly and augurs for a test of 8907 and more likely the 8934 to 8964 region. A close over 8964 is friendly and augurs for a test of 9040 to 9060 and eventually the 9150 to 9156 region.
Trade Accordingly..
Dec British Pound
Support should appear near the 1.4710 and the 1.4590 to 1.4530 region.
Resistance is at 1.4840 to 1.4900 and 1.4960.
Dec Canadian Dollar
Support is at 6625 then 6607 to 6591 region under that buyers should appear near 6577. A close under 6577 is negative and augurs for a test of 6509 to 6482.
Traders can buy at 6509 and hold for higher prices.
Resistance is at 6673 to 6680. A close over is friendly and augurs for a test of 6707 to 6713 and eventually the 6741 to 6755 region.
Pick your Poison ,Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Support is at 275.8 to 275.1. Traders can buy at 275.9 and risk a close under 271.60 for three days in a row. Under that buyers should appear near 273.2 and the 272.4 to 271.6 region.. Below that support is at 267.2 to 266.4
Resistance is at 277.5 and 278.6 to 280.6.. Beyond that a test of 282 to 282.9 is likely. A close over 282.9 is friendly and augurs for a test of 387.4 to 288.3
Dec Copper
Support is at 9155 to 9140,a close under 9140 augurs for a test of 9060 to 9035 and the 8965 to 8935 region. Below that support is at 8870 to 8885.. Traders can buy at 8865 for a bounce , risk a close under 8760 for 3 days in a row.
Resistance should appear near 9235 and 9315 to 9345, above that a test of 9425 to 9445 is likely. Beyond that sellers should appear near 9525 to 9545 . Traders can sell at 9525 and risk a close over 9645 for three days in a row.
Dec Silver
Support should appear at near 492.5 to 491 and 485.5 to 484.5. Traders can buy at 486 and hold for higher prices.. Under that buyers should appear near 478 1/2 to 477 and the 472 to 469.5 region..
Resistance is at 497 to 499.5, a close over 499.5 is friendly and augurs for a test of 505.5 to 506.5 . Beyond that a test of 512 to 514 and the 520 to 521.5 region is likely.
Traders should go long if a close over 498.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
Nov Crude
Resistance is at 3092 to 3102 and 3194 to 3213, which should Cap a rally for a bit..
Traders can sell at 3193 and hold for lower prices. Above that sellers should appear near 3261 to 3270 and cap a rally. Beyond that resistance is at 3319 to 3328
Nov Unleaded Gas
Support should appear near 8405 to 8390 and the 8315 to 8300 region. Under that a test of 8225 to 8195 is likely.. Below that buyers should appear near 8135 to 8115, a close under 8115 is negative and augurs for a test of 8045 to 8030 and the
7995 to 7935 region.Under that 7865 to 7835 should hold.
Resistance should appear near 8485 to 8500 then 8585 . Beyond that resistance is at 8665 to 8685. A close over 8685 is friendly and augurs for a test of 8760 to 8775. Beyond that resistance should appear near 8935 to 8965. Above that Sellers should be evident at 9040 to 9060 and 9100 to 9140. Traders can sell at 9095 and risk a close over 9165 for three days in a row. Beyond that 9235 should cap a rally.
Nov Heating Oil
Resistance is at 9315 to 9345 beyond that sellers should appear near 9425 to 9445.
Beyond that resistance should appear near 9525 to 9545. Traders can sell at 9525 and hold for lower prices.. Beyond that resistance is at 9625 to 9640 and the 9705 to 9735 region.. Above that 9825 to 9840 should Cap a Rally.
Support is near 9235 then 9160 to 9140 and the 9060 to 9040 region. Under that buyer should appear near 8965 to 8945. Under that 8870 to 8855 should contain a decline for a bit.
Stay Tuned for Energy Updates
The Grand Grains
Support should appear near 485 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. Below that support is at 468 1/2 and the 465 to 463 region.
Resistance is at 491 1/2 to 492 3/4.. A close over 492 3/4 is friendly and augurs for a test 497 3/4 to 499, which should cap a rally for a bit. Beyond that sellers should appear near 503 1/2 to 506 1/2.
Traders should go long if a close over 492 3/4 occurs.
Dec Soybean Meal
Resistance should appear near 169.6. Above that sellers should appear near
171.5 and the 173.1 to 173.8 region. Beyond resistance is at 177.4 to 178.8.
Support is at 168.9 and the 165.5 to 164.2 region. Below that 161.5 to 160.9 should hold.
Dec SoyBean Oil
Support is near the1576 to 1569 region. Under that 1535 to 1529 should contain the decline for a bit.
Resistance should appear near 1596 then 1609 to 1615.. Beyond that a test of 1628 and the 1642 to 1655 region is likely.
Dec Corn
Resistance should appear near 198 1/4 to 199 3/4, beyond that sellers should appear near the 202 to 203 1/4 region.
Support should appear near 195 1/2 to 194 3/4 under that buyers should appear near 191 to 190 1/4, below that buyers support is at the 186 1/2 to 185 3/4 region.
Dec Wheat
Support should appear near 262 to 261 and the 258 1/2 to 256 3/4 region . Under that support should appear near 251 3/4 to 251. Below that buyers should step in near the 247 to 246 region and contain a decline.
Resistance is at 266 1/4 to 267 1/4 and 269. However, a close over 267 1/2 is friendly and augurs for a test of 271 3/4 to 272 1/ 2. Beyond that resistance is at 275 3/4 to
277 1/2 .Above that a test of 282 to 282 3/4 is likely.
Traders should go long if a close over 267 1/2 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
Support should appear near the 6190 to 6165 region. A close under 6165 augurs for a test of 6115 to 6100. Below that support should appear near 6035 to 6025. Under that buyers should step in near 5960 to 5945. Traders can buy at 5960 and hold for higher prices, risk a close under 5855 for three days in a row.
Resistance is at 6270, a close over is friendly and augurs for a test of 6335 to 6350.
Above that resistance remains at 6415 to 6430. A close over 6430 is friendly and augurs for a test of 6485 to 6510 and the 6575 to 6590 region.
Traders should go long if a close over 6350 occurs.
Trade Accordingly
Dec Coffee
Support is near the 8225 to 8195 region Below that buyers should appear near 8135 to 8115. Traders can buy at 8145 and hold for higher prices. Under that support should appear near 8045 to 8030 and 7955 to 7940 then 7900 . Below that 7865 to 7835 should Hold.. Under that buyers should appear near 7775 to 7755 and the 7690 to 7675 region.
Resistance should appear near 8315 and 8390 to 8405. A close over 8405 is friendly and augurs for a test of 8560 to 8590 and the 8665 to 8685 region. Beyond that a test of 8760 to 8775 is likely to occur.. A close over 8775 is friendly and augurs for a test of
8855 to 8870 and eventually the 8935 to 8965 region.
Aggressive traders should go long if a close over 8405 occurs.
March Sugar
Resistance is at 968 to 972 and 1000 to 1005.
Support should appear near 940 to 932 and the 912 to 907 region.
Trade Accordingly
Dec Cocoa
Resistance is at 814 to 823 and 835. Beyond that sellers should appear near
847 to 852.
Support is at 795 to 791. Below that buyers should appear near
779 and the 767 to 763 region.
Dec Cattle
Support is near 7002 to 6992 and 6922 to 6907.
Resistance is at 7072 to 7087 and the 7142 to 7170 region . Beyond that a test of 7242 to 7257 is likely.
Oct hogs
Support should appear near 5732 to 5712 and 5657 to 5642.. Below that buyers should appear near the 5577 to 5552 region. Below that support is at 5507 to 5492.
Resistance should appear near the 5855 to 5880 region. Beyond that sellers should appear near 5942 to 5957 and the 6022 to 6037 region. Above that 6102 to 6112 should cap a rally.
Support should appear near 5417. Below that buyers should appear near 5382 and the 5357 to 5347 region. Under that 5317 should hold for a bit.. Traders can buy at 5317 for a bounce. Below that buyers should appear near 5282 to 5257 and 5212 to 5197.
Resistance should appear near 5432 to 5442 and 5492 to 5507. Above that sellers should appear near5522 and the 5552 to 5577 region. Traders can sell at 5552 for a turn lower, risk a close over 5652 for three days in a row. Beyond that resistance is at 5607 and the 5637 to 5652 region. Above that Sellers should appear near 5712 to 5732.
Feb Bellies
Support is at 6507 to 6482 and 6432 to 6417. Below that support should appear near the 6352 to 6332 region. Under that buyers should step in near 6270 to 6257. Traders can buy at 6272 and hold for higher prices.. Below that Support is at 6222 to 6192
Resistance is at 6577 to 6590 . Above that sellers should appear near 6657 to 6672
A close over 6672 is friendly and augurs for a test of 6742 to 6557 and the 6807 to 6837 region.
Stay tuned for Bi-Weekly Livestock Updates
A ship in Harbor is Safe.. But that's not what ships are built for.
Happy Trading
Saturday Sept 30, 2000
11:55 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
Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-29-00
Long 2 Dec Yen 9464 avg
Long Dec Wheat 262 1/4
Long Dec Bean Oil 1628
Short Oct Hogs 5717
------------------------------------------------------------------
Index Program, Archives: http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 9-29-00
Long 2 Dec Sept SP500 1479.80
Long 2 Dec Mini Nasdaq 3820