FuturesCom Investment Publications
Bi-Weekly Investment Outlook, Saturday Nov 25, 2000
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“There is only one side of the market and it is not the bull side or the bear side, but the right side." --Jesse Livermore--
Saturday, November 25, 2000
4:00 AM
The Sensational Stock and Bond Markets
Dec SP500
Resistance is at 1361.50, beyond that a test of 1377 to 1383 is likely.. A close over 1383 augurs for a test of 1399 and 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.. Traders can sell at 1437 and risk a close over 1453 for three days in a row. Beyond that sellers should appear near the 1456 to 1459 region. Above that sellers should appear near 1471.50 and the1484 to 1496 region.
Nearby Support should appear near 1346 . Below that buyers should appear near 1340 1334 .Under that a slip towards 1322 and the 1310 to 1304 region…Traders who have ‘Ice Water Running Through Their Veins’ can buy two at 1305 and hold for higher prices. Under that buyers should appear near the 1289 region and 1274 to 1268..
Traders should go long if a close over 1353.80 occurs
Trade Accordingly and Stay Tuned for Updates
Dow Jones Industrial Avg.
Resistance should appear near 10,520 then 10,580 to 10,630 and 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 is at 10,470 and the 10,360 to 10,320 region. Under that support is at 10,257. Below that a test of 10,155 and the 10,037 to 10,021 is likely.
Cash NASDAQ
Nearby Resistance is at 2928 to 2937 , a close over 2937 is friendly and augurs for a test of 2972 to 2990 then 3036 to 3045 and 3092 to 3102. Beyond that sellers should appear near 3148 and the 3194 to 3213 region. Above that a test of 3261 to 3270 is likely to occur. Beyond that sellers should appear near 3319 to 3328 and the 3375 to 3386 region.
Support should appear near 2883 to 2874 and the 2829 to 2820 region. Below that support is at 2775 to 2758 and the 2724 to 2716 region. Under that 2672 to 2663 should hold for a bit.. Below that 2620 to 2612 should contain the decline ….
Trade Accordingly
Dec Bonds
Support should appear near 101-10 then 100-24. Under that Buyers should appear near 100-07 then 99-26.
Resistance is at 101-22 and the 102-08, beyond that sellers should appear near
the 103-22 region..
The Frenzied Forex Front
Dec Japanese Yen
Support should appear near 8964 to 8934 and 8898, under that buyers should appear near the 8871 to 8856 region.
Resistance should appear near 9040 to 9060 . A close over 9060 is friendly and augurs for a test of the 9140 to 9156 region.
Traders should go long if a close over 9050 occurs.
Dec Swiss Franc
Resistance should appear near 5577, a close over augurs for a test of 5609 and eventually the 5640 to 5653 region.. Beyond that resistance should appear near the 5716 to 5729 region where sellers should appear and cap a rally for a bit. However a close over 5729 is friendly and augurs for a test of 5792 to 5805 and eventually the 5855 to 5880 region...
Nearby Support should appear near 5517. Below that buyers should appear near the 5504 to 5492 region, which should contain a decline for a bit. Traders can buy at 5517 for a turn higher , risk a close under 5492 for three days in a row. Below that support is at 5430 to 5418. Under that 5356 to 5344 should hold..
Traders should go long if a close over 5577 occurs.
Stay tuned for Flashes...
Dec Euro
Nearby Support should appear near the 8406 to 8391 region. Below that support is at 8370 to 8356 then 8314 to 8300…Under that 8223 to 8194 should hold.
Nearby Resistance is at 8450 and 8484 to 8499, an extended trade or close over 8499 is friendly and 8560 to 8589 and eventually the 8668 to 8683 region
Traders should go long if a close over 8445 occurs.
Trade Accordingly..
Dec British Pound
Support should appear near the 1.3996 and the 1.3830 to 1.3770 region..Under that support is at 1.3620 and the 1.3460 to 1.3340 region.
Resistance is at 1.4072 then 1.4150 to 1.4210 A close over 1.4210 is friendly and augurs for a test of 1.4530 to 1.4590
Dec Canadian Dollar
Support should appear near 6482 and 6457..Under that support is at 6430 to 6417.
Traders can buy at 6457 for a turn higher ,risk a close under 6417 for three days
in a row.
Resistance is at 6509 and 6530 then 6555. However a close over 6509 is friendly and augurs for a test of 6577 to 6591and eventually the 6659 to 6673 region.
Traders should go long if a close over 6509 occurs.
Trade Accordingly and Stay tuned for FuturesCom's Forex Flashes
Precious Metals
Feb Gold
Support should appear near the 267.2 to 266.3 region.. Below that support is at 262.0 to 261.20
Resistance is at 269.4 then 271.6 to 272.4 . Beyond that sellers should appear at 275.2 to 277.
Traders should go long if a close over 269.4 occurs..
March Copper
Support is at 8225 to 8195 and the 8135 to 8110 region… Under that buyers should appear near 7950 to 7935 and 7775 to 7760.. Traders can buy at 7780 and hold for higher prices.. Risk a close under 7675 for three days in a row.
Resistance should appear near 8300 to 8315 and 8390 to 8405 , a close over 8405 is friendly and augurs for a test of 8485 to 8500, beyond that sellers should appear near
8560 to 8590 and 8665 to 8685.
March Silver
Support should appear near the 465 to 463.5 region.. Traders can buy at 465.5 and risk a close under 463 for three days in a row. Below that buyers should appear near 458.5 to 457..
Resistance is at 471.5, a close over 471.5 is friendly and augurs for a test of 477.5 to 487.5 and eventually the 484.5 to 485.5 region.
Traders should go long if a close over 471.5 occurs.
Trade Accordingly and stay tuned for Flashes
The Exciting Energies
Jan Crude
Resistance is at 3588 then 3613 to 3623 beyond that resistance is at 3663 to 3682, which should Cap a rally for a bit.. Above that resistance should appear near the 3736 to 3743. Beyond that Sellers should appear near 3858 to 3867. Traders can sell at 3858 and risk a close over 3867 for three days in a row.
Below that buyers should appear near 3270 to 3261 and the 3213 to 3194 region..
Traders can buy at 3215 for a bounce , risk a close under 3194 for three days in row.
Traders should go short if a close under 3491 occurs.
Stay Tuned for Updates…
Jan Unleaded Gas
Support should appear near 9060 to 9040, a close under 9040 is negative and augurs for a test of 8965 to 8935 then 8870 to 8855 and eventually the 8775 to 8760 region.
Under that a test of 8680 is likely. A close under 8665 is negative and augurs for a test of 8315 to 8300.
Resistance should appear near 9140 to 9156 then 9237, beyond that resistance is at 9315 to 9345. Above that sellers should appear near 9525 to 9540, which should Cap a Rally.
Traders should go short if a close under 9040 occurs..
Jan Heating Oil
Resistance is at 1.0680 above that sellers should appear near 10815 and the 10960 to 11010 region. Beyond that resistance is at 11150 and 1130 to 11360 Traders can sell at 11155 and hold for lower prices..Risk a close over 11360 for three days in a row.
Support is near 10580, a slip under augurs for a test of 10360 to 10320 and 10185. Under that 9935 to 9920 offers support.. Below that buyers should appear near9835 to 9820. Which should contain a decline for a bit.. Traders can buy at 9835 for a bounce , risk a close under 9820 for three days in a row..
Resistance is at 6.741 to 6.755. Beyond that sellers should appear near 7.074 to
7.088. Well heeled traders can sell at 7.070 and hold for lower prices. Above that
7.143 to 7.170 should cap a rally…
Stay Tuned for Energy Updates
The Grand Grains
Nearby Support is at 497 1/4 , below that buyers should appear near 492 3/4 to
491 1/2.. Traders can buy at 491 1/2 and risk a close under 484 1/2 for three days in a row. Below that buyers should step in near 471 3/4 to 4691/2 . Under that 465 to
463 3/4 should provide support..
Nearby Resistance is at 503 3/4 to 506 3/4. A close over 506 3/4 is friendly and augurs for a test of 520 to 521 1/4 and 525 3/4 to 528 .. Beyond that a test of 534 1/2 to 535 3/4 is likely.. A close over 535 3/4 augurs for an eventual test of 549 1/2 to 550 1/2
and 555 1/2 to 557 3/4 ..
Traders should go long if a close over 506 3/4 occurs.
March Soy Meal
Nearby resistance should appear near 185.8 to 186.5, beyond that a test of 190.2 to 190.9 is likely.. A close over 190.90 augurs for a test of 198.2 to 199.60 and the
203.0 to 204.2 region.
Support is at 180.8, Traders can buy at 180.8 and hold for higher prices. Under that support is at 178 to 177.4 and the 173.8 to 173.1 region.. Below that Buyers should appear near 169.6 to 168.9 and the 165.5 to 164.2 region.
Traders should go long if a close over 190.9 occurs.
March Soybean Oil
Support is near the 1535 to 1529 and the 1496 to 1484 region, under that buyers should appear near 1459 to 1453..
Resistance should appear near the1569 to1576 region. Beyond that sellers should appear near 1609 to 1615 and the 1642 to 1655 region.
March Corn
Resistance should appear near 226 3/4 to 227 1/2, beyond that sellers should appear near 231 to 232 and the 235 1/2 to 237 region.
Support should appear near 222 3/4 to 221 1/2 and 218 1/2 to 217, traders can buy at 221 3/4 and risk a close under 217 for three days in a row.. Under that buyers should appear near the 213 1/2 to 212 3/4 region .. Below that 210 3/4 to 208 should hold.
March Wheat
Support should appear near the 277 1/2 to 275 3/4. Under that support is at
272 1/2 to 271 3/4. Traders can buy at 272 3/4 and risk a close under 261 1/4 for three days in a row..
Resistance is at 282 to 282 3/4, a close over 282 3/4 is friendly and augurs for a test of 287 1/2 to 288 1/4 and the 292 3/4 to 293 3/4 region.
Traders should go long if a close over 282 3/4 occurs.
Trade Accordingly and Stay Tuned for Updates in the Grain Markets
March Cotton
Support should appear near the 6755 to 6740. Traders can buy at 6745 and hold for higher prices.. Below that support should appear near 6675 to 6655 . Under that buyers should appear near the 6590 to 6575 region.
Resistance is at 6810 to 6835, a close over 6835 is friendly and augurs for a test of 6905 to 6935. Beyond that sellers should appear near 6990 to 7005 and the 7075 to 7090 region. Above that a test of 7145 to 7170 is likely.
Traders should go long if a close over 6835 occurs.
March Coffee
Support is near the 7255 to 7240. Below that buyers should appear near 7175 to 7140 and the 7090 to 7075 region. Below that buyers should appear near 7005 to 6990 and the 6835 to 6810 region, which should hold.
Resistance should appear near 7325 to 7345. A close over 7345 is friendly and augurs for a test of 7580 to 7605 and eventually the 7760 to 7775 region.
March Sugar
Resistance is at 1000 to 1005 Beyond that a test of 1032 to 1036 and the
1058 to 1068 region is likely to occur… Above that sellers should appear near
1096 to1101. Traders can sell at 1096 and risk a close over 1136 for three days in a row.
Support should appear near the 972 to 968. Under that 941 to 932 offers support.
Traders can buy at 972 and risk a close under 932 for two days in a row , under that support should appear near 912 to 907 and the 882 to 877 region.
Trade Accordingly
March Cocoa
Resistance is at 735 to 739. Beyond that sellers should appear near 763 to 767.
Support is at 712 to 704. Below that buyers should appear near 686 to 682 and the 661 to 656 region.
Feb Cattle
Support is near 7512 to 7487, a close under 7487 is negative and augurs for a test of
7427 to 7412. Under that buyers should appear near the 7342 to 7327 region. Traders can buy at 7342 and risk a close under 7327 for three days in a row. Below that 7257 to 7242 should hold…
Resistance is at 7587 to 7602 and 7672 to 7687, a close over 7687 is friendly and augurs for a test of 7762 to 7777.
Traders should go short if a close under 7487 occurs.
Support should appear near 5732 to 5717, an extended trade under or close under 5717 augurs for a test of 5652 to 5637 and the 5577 to 5552 region… Under that buyers should appear near the 5507 to 5492 region… Below that buyers should appear near 5432 to 5417.. Traders can buy at 5432 for a bounce, risk a close under 5417 for three days in a row..
Resistance should appear near 5792 to 5802 ..Above that Sellers should appear near 5852 to 5882 then 5942 to 5957 and the 6022 to 6037 region. Traders can sell at 5942 and risk a close over 6037 for three days in a row..
Support is at 6352 to 6335 and the 6272 to 6257 region..Under that buyers should step in near 6192 to 6162 and contain a decline. Below that buyers should appear near
6112 to 6102 and the 6037 to 6022 region… Traders can buy at 6037 and hold for higher prices.. Under that buyer should appear near5957 to 5942 and the
5882 to 5857 region. Aggressive traders can buy at 5882 and hold for higher prices.
Stay tuned for Flashes….
Nearby resistance is at 6417 to 6432 and 6482 to 6512, a close over 6512 is friendly and augurs for a test of 6577 to 6592. Beyond sellers should appear near the 6657
to 6672 region. Above that sellers should appear near 6742 to 6757 and the 6807
to 6837 region.
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 November 25, 2000
11:00 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.
Copyright @ 2000 FuturesCom investment Publications All Rights Reserved
FuturesCom is Not Responsible for electronic or transmission errors.
FuturesCom Investment Publications
BW Recommended Open Positions:
Long 2 Feb / Short 2 April Hogs +85
Long Dec J-Yen 9348
Long March Coffee 7865
Short Jan Heating Oil 1.0320
Long March Wheat 278 3/4