FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday Oct 14, 2000
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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
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Description of Services Performance Archives
"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, Oct 14, 2000
7:00 AM
The Sensational Stock and Bond Markets
Dec SP500
Resistance is at 1393.40 to 1399 and 1407 to 1409, however a close over 1399 augurs for a test of 1415. Beyond that a resistance is at 1418 to 1421 and 1429…while a close over 1421 is friendly and augurs for an eventual test of 1453 and the 1456 to 1459 region..Above that sellers should appear near 1471.50 and the 1484 to 1496 region.
Support is at 1383 and 1380 to 1377. Under that buyers should appear near 1361.50 then 1347 and the 1341.80 to 1334 region..Traders who have ‘Ice Water Running Through Their Veins’ can buy two at 1347 and hold for higher prices. Below support should appear near 1322 and the 1310 to 1304 region. Under that buyers should appear near the 1289 region.
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 10,300 to 10,330 and 10,380. An extended trade over 10,380 is friendly and indicates a test of 10,470. Beyond that resistance is at 10,525 .
A close over 10,525 is friendly and augurs for an eventual of 10,580 and the
10,630 to 10,680 region.
Support should appear near the10,050 to 10,000 region. Below that support is at 9935 to 9920 then 9840 to 9825 and the 9735 to 9705 region. Under that support is at
9645 to 9625.
Cash NASDAQ
Resistance should appear near 3319 to 3328. Beyond that sellers should appear near 3377 to 3386 and the 3493 to 3503 region. Above that a test of 3553 to 3563 is likely to occur. Beyond that sellers should appear near 3613 to 3623 and the 3665 to 3685 region.
Support should appear near 3270 to 3260 and 3213 to 3194. Below that buyers should appear near 3157 to 3148 and the 3102 to 3092 region. Below that support is at
3045 to 3036.
Trade Accordingly
Dec Bonds
Support should appear near 99-05 and 98-18. 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 99-27 then 100-14 which should cap a rally for a bit. Beyond that sellers should appear near 101-02 then 101-17 and the 102-07 region.
The Frenzied Forex Front
Dec Japanese Yen
Support should appear near 9347 to 9331and 9316 to 9305 which should contain a decline. Traders can buy at 9316 and hold for higher prices… Below that support is at 9237 and the 9156 to 9140 region.
Resistance should appear near 9388 and 9402. A close over 9388 is friendly and augurs for a test of the 9429 to 9445 region. Beyond that resistance should appear
near 9458 and the 9526 to 9542 region.
Trade Accordingly and Stay Tuned for Flashes and Updates
Dec Swiss Franc
Resistance should appear near 5716 and 5729 to 5734.. However a close over 5729 is friendly and indicates a test of 5768 and the 5792 to 5805 region where sellers should appear and cap a rally for a bit. Beyond that a trade towards 5855 to 5880 is likely..
Support should appear near 5655 to 5640. Traders can buy at 5653 and hold for higher prices. Initially plan on risking a close under 5640 for three days in a row. Below that buyers should appear near 5609 and the 5577 to 5553 region, which should contain a decline for a bit.
Traders should go long if a close over 5729 occurs.
Stay tuned for Flashes...
Dec Euro
Support should appear near 8560 then 8529 and 8500 to 8485. Below that buyers should appear near 8445 and the 8406 to 8391 region. Below that support should appear near 8314 to 8300 and contain a decline..
Nearby Resistance is at 8589. Above that sellers should appear near 8629..An extended trade or close over 8629 is friendly and augurs for a test of 8668 to 8683 and more likely the 8762 to 8777.
Trade Accordingly..
Dec British Pound
Support should appear near 1.4530 and the 1.4370 region. Under that 1.4210 to 1.4150 should contain a decline..
Resistance is at 1.4560 to 1.4590. A close over 1.4590 is friendly and augurs for a test of 1.4694 and the 1.4710 to 1.4730 region. Beyond that a test of 1.4840 to 1.4900 is likely. Above that sellers should appear near 1.4960.
Dec Canadian Dollar
Support is at 6625 to 6614 and the 6591 to 6577 region under that buyers should appear near 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.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Dec Gold
Support should appear near the 272.4 to 271.6 region.. Below that support is at 270.1 and 267.2 to 266.4
Resistance is at 275.8 to 277.5 and 279.1 to 279.80. Beyond that a test of 282 to 282.9 is likely. A close over 282.9 is friendly and augurs for a test of the 287.4 to 288.3 region.
Dec Copper
Support is at 8870 to 8885 then 8840 and the 8775 to 8760 region. Under that support is at 8685 to 8670 and the 8590 to 8560 region.
Resistance should appear near 8935 to 8965, a close over 8965 is friendly ,and augurs for test of 9040 top 9060. Beyond that sellers should appear near 9140 to 9155 and the 9235 region.
Dec Silver
Support should appear at near 492.5 to 491 and 489.5 to 488… Under that support is at and 485.5 to 484.5. Traders can buy at 486 and hold for higher prices..
Below that buyers should appear near 478 1/2 to 477 then 472 to 469.5 and the 465 to 463.5 region..
Resistance is at 495.5 and 497.5 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
Dec Crude
Resistance is at 3425 to 3443 and the 3493 to 3503 region , which should Cap a rally for a bit.. Above that sellers should appear near 3523 and the 3553 to 3563 region.
Beyond that good sellers should appear near 3663 to 3682 and 3708.
Stay Tuned for Updates…
Nov Unleaded Gas
Support should appear near 9545 to 9535 then 9445 to 9425 and the 9347 to 9316 region. Under that a test of 9240 likely. A close under 9240 is negative and augurs for a test of 9160 to 9140 and the 9065 to 9040 region. Below that 8875 to 8855 offers support.
Resistance should appear near 9705 to 9735 then 9825 to 9835. Beyond that resistance is at 9920 to 9940. A close over 9940 is friendly and augurs for a test of 1.0020 to 1.0035. Beyond that resistance should appear near 1.1050 to 1.0140 and the
1.0300 to1.0360 region.. Beyond that Sellers should be evident at 1.0470 to 1.0490.
Nov Heating Oil
Resistance is at 1.0300 to 1.0360 then 1.0470 and the 1.0580 to 1.0630 region.
Beyond that Sellers should appear near 1.0680 and the 1.0830 region
Above that resistance is at 1.0960 to 1.1010.
Support is near 1.0035 to 100.20. Under that buyer should appear near 9835 to 9820 then 9775 and the 9735 to 9705 region. A close under 9705 is negative and augurs for an eventual test of 9345 to 9315..
Stay Tuned for Energy Updates
The Grand Grains
Support should appear near 471 3/4 to 469 1/2 where buyers should step in and contain a decline. Below that support is at 465 to 463. Traders can buy at 463 1/4 and risk a close under 457 for three days in a row.
Resistance is at 477 1/2 to 478 3/4. and 481 3/4t. Beyond that sellers should appear near 484 1/2 to 485 3/4 and 487 1/2 ..A close over 485 3/4 is friendly and augurs for a test of 491 to 492 3/4.
Traders should go long if a close over 485 3/4 occurs.
Dec Soy Meal
Resistance should appear near 164.2 to 165.5 Above that sellers should appear near
The 168.9 to169.6 region.
Support is at 161.5 to 160.9 , Traders can buy at 161.5 for a bounce, risk a close under
160.9 for three days in a row.. Under that support is at 157.6 to 156.9
Dec Soybean Oil
Support is near the 1496 to 1484 and 1459 to 1453
Resistance should appear near 1529 to 1535.and the 1569 to 1576 region.
Dec Corn
Resistance should appear near 208 3/4, beyond that sellers should appear near
212 3/4 to 213 1/2…Beyond that sellers should appear near 217 to 218 1/2
Support should appear near 206 1/2 under that buyers should appear near 204 1/2 to 203 1/4 below that buyers support is at the 199 3/4 to 198 1/2 region.
Dec Wheat
Support should appear near 266 1/4 to 264 then 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 270 1/2 to 272 1/2. However, a close over 272 1/2 is friendly and augurs for a test of 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 3/4 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
Dec Cotton
Support should appear near the 6270 to 6255. A close under 6255 augurs for a test of
6190 to 6170 and the 6115 to 6100 region. Traders can buy at 6125 and hold for higher prices.. Below that support should appear near 6035 to 6025 and the 5955 to 5945 region. Which should contain the decline.
Resistance is at 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.
Beyond that sellers should appear near 6655 to 6670
Traders should go long if a close over 6350 occurs.
Trade Accordingly
Dec Coffee
Support is near the 8045 to 8030 , traders can buy at 8045 and hold for higher prices.. Below that support is at 7955 to 7940 then 7900. Under that 7865 to 7835 should Hold.. Below that buyers should appear near 7775 to 7755 and the 7690 to 7675 region.
Resistance should appear near 8115 to 8135 . A close over 8135 is friendly and augurs for a test of 8895 to 8225 and the 8300 to 8315 region. Beyond that a test of 8390 to 8405 and more likely the 8485 to 8500 region is likely to occur..
Traders should go long if a close over 8135 occurs.
March Sugar
Resistance is at 1113 and 1130 to 1136. Beyond that a test of 1164 to 1169 is likely..
Support should appear near 1096 then 1087 to 1082 and the 1068 to 1058 region.
Under that 1048 offers support.
Trade Accordingly
Dec Cocoa
Resistance is at 814 to 823 and 835. Beyond that sellers should appear near
847 to 852.
Support is at 802 then 795 to 791. Below that buyers should appear near
779 and the 767 to 763 region.
Dec Cattle
Support is near 7002 to 6992 then 6957 and 6922 to 6907.
Traders can buy at 6957 and risk a close under 6907 for two days in a row.
Resistance is at 7072 to 7087 and the 7142 to 7170 region . Beyond that a test of 7242 to 7257 is likely.
Support should appear near the 5357 to 5347 region. Under that support is at 5317 Below that buyers should appear near 5282 to 5257 and 5212 to 5197. Traders can buy at 5217 for a bounce and hold for higher prices.
Resistance should appear near 5417 to 5432 and 5492 to 5507. Above that sellers should appear near 5522 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.
Support is at 6165. Below that support should appear near the 6112 to 6092 region. Under that buyers should step in near 6037 to 6022. Below that Support is at
5957 to 5942
Resistance is at 6257 to 6270 . Above that sellers should appear near 6337 to 6352
A close over 6352 is friendly and augurs for a test of 6482 to 6512.
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
2:45 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.
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