FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday Oct 28, 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
“Accomplishments will prove to be a journey, not a destination.”
-Dwight D. Eisenhower-
Saturday, Oct 28, 2000
10:21 AM
The Sensational Stock and Bond Markets
Dec SP500
Resistance is at 1407, however the close over 1399 augurs for a test of the 1415 to 1421 region.. Beyond that a resistance is at 1429…while a close over 1421 should be friendly and augur for an eventual test of 1437 then 1453 and the 1456 to 1459 region. Above that sellers should appear near 1471.50 and the1484 to 1496 region.
Nearby Support is at 1399 then 1391 and the 1383 to 1380 region. Traders can buy at
1399 and risk a close under 1377 for three days in a row. Below that support is at 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 10,630 to 10,680. An extended trade over 10,680 is friendly and indicates a test of 10,820. Beyond that resistance is at 10,960 to 11,010.
Nearby Support should appear near the 10,580 to 10,525 region. Below that support is at 10,470 and the 10,360 to 10,320 region. Under that support is at 10,257.
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 99-27 then 99-05 and 98-18. Under that Buyers should appear near 97-28 then 97-16 and 97-07.
Resistance is at 100-14. 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 9237 and the 9156 to 9140 region.
Resistance should appear near 9316 to 9331 and 9347. A close over 9347 is friendly and augurs for a test of the 9429 to 9445 region.
Traders should go long if a close over 9347 occurs
Trade Accordingly and Stay Tuned for Flashes and Updates
Dec Swiss Franc
Resistance should appear near 5577..A close over 5577 is friendly and indicates a test of 5640 to 5653 and the 5716 to 5729 region where sellers should appear and cap a rally for a bit.
Support should appear near 5553. Traders can buy at 5553 and hold for higher prices. Initially plan on risking a close under 5504 for three days in a row. Below that buyers should appear near 5492 and the 5430 to 5417 region, which should contain a decline for a bit.
Traders should go long if a close over 5577 occurs.
Stay tuned for Flashes...
Dec Euro
Support should appear near 8406 to 8391 and 8362 to 8356. Traders can buy at 8362 and risk a close under 8356 for three days in a row. Below that buyers should appear near the 8314 to 8300 region.. Under that buyers should appear near the 8223 to 8190 region.
Nearby Resistance is at 8483 to 8499. Above that sellers should appear near 8560 to 8590… An extended trade or close over 8590 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 should appear near the 6509 to 6482 region.. Traders can buy at 6509 and hold for higher prices. Under that support is at 6430 to 6417.
Resistance is at 6577 to 6591. A close over 6591 is friendly and augurs for a test of 6659 to 6673 and eventually the 6741 to 6755 region.
Traders should go long if a close over 6591 occurs.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Dec Gold
Support should appear near the 262 to 261 region.. Below that support is at 256.8 to 255.20
Resistance is at 266.3 to 267.2 beyond that a test of 271.6 to 272.4 is likely. A close over 272.4 is friendly and augurs for a test of the 275.2 to 277 region.
Dec Copper
Support is at 8405 to 8390 and the 8315 to 8300 region. Under that support is at 8225 to 8195.
Resistance should appear near 8485 to 8500, a close over 8500 is friendly ,and augurs for test of 8560 to 8590 and eventually the 8665 to 8685 region.
Dec Silver
Support should appear near 478 1/2 to 477 then 472 to 469.5 and the 465 to 463.5 region..
Resistance is at 484.5 to 485.5 a close over 485.5 is friendly and augurs for a test of 491.5 to 493.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
Dec Crude
Resistance is at 3295 then 3319 to 3328 beyond that resistance is at 3377 to 3386, which should Cap a rally for a bit.. Above that sellers should appear near the 3425
to 3443 region. Beyond that good sellers should appear near 3493 to 3503.
Stay Tuned for Updates…
Dec Unleaded Gas
Support should appear near 8590 to 8560 then 8500 to 8480 and the 8405 to 8390. Under that a test of 8315 is likely. A close under 8300 is negative and augurs for a test of 8225 to 8190 and eventually the 8135 to 8120 region.
Resistance should appear near 8760 to 8775 then 8855 to 8870, beyond that resistance is at 8935 to 8965, traders can sell at 8935 and risk a close over 9065 for three days in a row. Beyond that resistance is at 9140 to 9160 and the 9235 region
Which should Cap a Rally.
Dec Heating Oil
Resistance is at 9485 above that sellers should appear near 9525 to 9545 and the 9625 to 9640 region. Beyond that resistance is at 9705 to 9735.. Traders can sell at 97.05 and hold for lower prices.. Above that resistance is at 9825 to 9835.
Support is near 9420, a slip under augurs for a test of 9345 to 9315 and the 9235 region. Below that buyers should appear near 9160 to 9140 and the 9060 to 9040 region.
Stay Tuned for Energy Updates
The Grand Grains
Support should appear near 465 to 463 3/4 , below that support is at 458 1/2 to 457.
Traders can buy at 458 1/2 and risk a close under 450 1/2 for three days in a row.
Below that buyers should step in near 444 3/4 to 442 1/2.
Nearby Resistance is at 469 3/4 to 471 3/4 , beyond that sellers should appear near 477 1/2 to 478 3/4. A close over 478 3/4 is friendly and augurs for an eventual test of 491 to 492 3/4.
Traders should go long if a close over 478 3/4 occurs.
Dec Soy Meal
Resistance should appear near 168.9 to 169.6. Above that sellers should appear near
171.40 and the 173.1 to173.8 region.
Support is at 165.5 to 164.2 then 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 1459 to 1453 region, under that buyers should appear near 1421 to 1415..
Resistance should appear near 1484 to 1496 and the 1529 to 1535 region.
Dec Corn
Resistance should appear near 203 1/2 to 204 1/2, beyond that sellers should appear near 208 to 208 3/4 ..
Support should appear near 199 3/4 to 198 1/2 under that buyers should appear near the 195 1/2 to 194 3/4 region.
Dec Wheat
Support should appear near the 258 1/2 to 256 3/4 region . Under that support is at
251 3/4 to 251. Below that buyers should step in near the 247 to 246 region and contain a decline.
Resistance is at 261 1/4 to 262 and 266 1/2 to 267 1/4 . However, a close over 267 1/4 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 1/2 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 7430 to 7414 and the 7345 to 7330 region.. Below that buyers should appear near the 77255 to 7240 region.
Resistance should appear near 7675 to 7690. A close over 7690 is friendly and augurs for a test of 7765 to 7775. Beyond that a resistance is at 7835 to 7865.
March Sugar
Resistance is at 968 to 972 and the 1000 to 1005 region. Beyond that sellers should appear near 1032 to 1036
Support should appear near 941 to 932 and the 912 to 907 region.
Under that 1048 offers support.
Trade Accordingly
Dec Cocoa
Resistance is at 763 to 767. Beyond that sellers should appear near 779 and the
791 to 795 region.
Support is at 739 to 735 . Below that buyers should appear near 712 to 704.
Dec Cattle
Support is near 7172 to 7142. Traders can buy at 7172 and risk a close under 7142
for three days in a row. Under that buyers should appear near the 7092 to 7072 region.
Resistance is at 7242 to 7257 a close over 7257 is friendly and augurs for a test of
7327 to 7342. Beyond that sellers should appear near 7412 to 7427.. Traders can sell at 7412 and hold for lower prices.
Support should appear near the 5067 to 5057 region. Traders can buy at 5067 and hold for higher prices.. Below that buyers should appear near 54997 to 4972 and the 4927 to 4912 region.
Resistance should appear near 5127 to 5142. A close over 5142 is friendly and augurs for a test of the 5197 to 5212 region. Beyond that an eventual trade, towards the 5257 to 5282 region is likely…Above that Sellers should appear near 5342 to 5357..
Support is at 6022. Below that Support is at 5957 to 5942 under that buyers should appear near 5882 to 5857 and the 5807 to 5792 region.. Traders can buy at 5807 and hold for higher pricres..Under that buyers should step in near 5732 to 5717 and contain a decline.
Nearby resistance is at 6037, an extended trade over is friendly and augurs for a test of 6102 to 6112. Above that a test of 6162 to 6187 is likely. A close over 6187 is friendly and augurs for a test of 6337 to 6352 and beyond towards 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 October 28, 2000
4:33 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
Bi-Weekly Investment Outlook :
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 10-27-00
Long Dec EC 8778
Long Dec Wheat 270 3/4
Long Dec Yen 9316
Long Dec Silver 486
Long Dec Coffee 8035
Index Program:
Archives: http://www.futurescom.com/indexfl.htm
Recommended Open positions as of 10-27-00
Long 2 Dec Sept SP500 1384
Premier Service Flashes :
Archives : http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-27-2000
Long 2 Dec Gold 279.70
Long 2 Dec Yen 9370
Long 2 Dec SP500 1384
Long 4 Dec EC 8398
Long 5 Dec Wheat 268 3/4
Long 2 Dec Coffee 8560
Short 4 Dec Crude Oil 3293 avg
Long 7 Dec Swiss Francs 5634 avg
Long 2 Feb Bellies 6045