FuturesCom Investment Publications         

         Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook  (BW) Sunday Feb 27, 2000

 Bonds.. SP500.. Forex.. Precious Metals.. Energies..Grains.. Livestock.. Softs

Featuring Bi-Weekly Investment Outlooks,  Special Reports,  Morning Comments and More

                Experienced Since 1979 & Serving Professional and Individual Futures Traders World Wide since 1988

7690 Rockport Circle Lake Worth Florida 33467 Voice  561-433-2995   Fax  561-433-9243   http://www.futurescom.com

If the Creator had a purpose in equipping us with a neck,
he surely meant for us to stick it out.--- Aurthur Koestler

Sunday, Feb 27, 2000

5:00 AM

The Sensational Stock and Bond Markets

March SP500

Nearby Resistance is at 1340 to 1346 and 1354.20,  a close over 1354.20 is friendly and augurs for  a test of 1361.50. Beyond that resistance is at 1365.70 and the 1371 region..   Above that sellers should appear near 1377 to 1380 and 1383.  A close over 1383 is friendly  and indicates a test of 1399 and eventually the 1415 to 1421.

On the DownSide Nearby Support is at 1334 to 1333.10, under that buyers should appear near 1324,7 to 1322.. Below that support  at 1310 to 1307 and 1304 should contain a decline basis the close for a bit..  Aggressive Traders  can buy at 1307 and risk a close under 1304 for three days in a row.

Traders should Stay Tuned for SP500 Flashes

Traders should go long if a close over 1361.50 occurs..
(* due to the nature of the Beast this figure may change, any change will be noted on the Morning Comments)

Dow Jones Industrial Avg.

Resistance should appear near 9879,  and the 9921 to 9937 region , a close over 9937 is friendly and augurs for a test of 10,021 to 10,037  beyond that sellers should appear near 10,104 to 10,136 and 10,155…   A close over 10,155  is friendly and augurs for a test of 10,320 to 10,360 and more likely the 10,475 .region.

Support should appear near 9837 to 9821 then 9779 and 9737 to 9706 which should contain a decline basis the close  for the time being. However a close under 9707 is negative and augurs for a test of  9641 to 9625 and the 9550 region.

Cash NASDAQ

Nearby Resistance is at 4639 to 4650  Above that  sellers should appear near 4695 to 4715 and the 4775 to 4785 region, which should cap a rally for the time being..

Support is at 4582 to 4571 then 4446 to 4425 and the 4381 to 4370 region . Below that support should appear near 4342 then 4315 to 4304 .A close under  4304 is negative an augurs for a test of   4250 to 4235 and more likely a tap of the 4183 to 4163 region.. Below that support is at 4120 to 4110 which should contain a decline for a bit.

March NASDAQ 100
Support is at 4183 to 4163 then 4141.5 and 4120 to 4110 , a close under 4141 is negative and augurs for a test of  support at 4046 and the  3992 to 3982 region..

Under that support is at  3929 to 3909 then 3865 to 3855..Below that  support is at  3807 to 3795  and the 3743 to 3734 region which should contain a decline for the time being..

Resistance is at 4210.5 and the 4238 to 4249 region.  A close over 4249 is friendly and augurs for another test of 4305 to 4315 where good sellers should appear..  

However a close over is friendly and augurs for a test of  4370 to 4380 then 4425 to 4446 and eventually the 4505 to 4515 region which should Cap a rally for a bit…

June  Bonds 

Support is at 94-18  and 94-02  below that support is at  93-18 to 93-12  then  92-29.  Below that support is at 92-12 then 9206.. Under that  support is at 91-11 to 91-06 Which should contain a decline for a bit. Traders can buy at  91-11 for a bounce and risk a close under 91-06 for three days in a row. Trade accordingly.

On the Upside Nearby resistance is at  94-31 and the 95-06 to 9512 region.
Beyond that sellers should appear near the 95-26 and 96-09 and 96-23.. Traders can sell at 96-23 for a turn lower, risk a close over 97-07 for three days in a row..

The Frenzied Forex Front

March Japanese-Yen

Nearby Resistance is at 9140 to 9156, a close over 9156 is friendly  and augurs for a test of  the  9236 region, an extended trade over 9236 is friendly and indicates r an eventual test of the 9316 to 9347 region.

Nearby Support should appear near 9060 to 9044 under that 9004 should contain any further sell off basis the close Under that support is at 8964 to 8934 and 
8890.

Stay Tuned for Flashes

March Swiss

Nearby Resistance is at 6088 then 6101 to 6113  Beyond that sellers should  appear near 6165 to 6190  Traders can sell at 6165 for quick turn lower ,  initially risk a close over 6190 for two days in a  row .. Beyond that resistance is at 6223 and the 6257 to 6270 region.

Nearby Support  is at 6035 to 6022 region. Below that support is at  5960 to 5945… Traders can buy at 5957 and risk a close under 5945 for three days in a row. Below that support should appear near 5880

Stay tuned for Flashes...

March British Pound

Support should appear near 1.5926. Below that 1.5760 to 1.5690 should hold.

Traders  can buy at 1.5760 and hold for higher prices.. Under that  support is at 155.20 and the 1.5350 to 1.5290 region..

Resistance is at 1.5986 and the 1.6090 to 1.6150 region, a close over 1.6150 is friendly and augurs for a test of 1.6286..

Trade Accordingly and stay tuned for Flashes..

March Canadian Dollar

Nearby Support is at 6871 below that support is at 6836 to 6809.. traders can buy at 6837 and hold for higher prices..  Below that buyers should appear near 6783 and   6755 to 6741 region. Where buyers should appear and stop a decline

Resistance is at  6906 to 6919 and 6955.  Beyond that resistance is near 6990 to 7003 Traders can sell at 6990 for a turn lower  and risk a close over 7003 for three days in a row. Beyond that resistance is at 7035 and the 7074 to 7090 region.  

Trade Accordingly and Stay tuned for FuturesCom's  Forex flashes 

Precious Metals

April Gold

Nearby Support is at 293.7 to 292.8  under that support is at  288.3 to 287.4

and the 283 to 282 region. Traders can buy at 288.30 and hold for higher prices..

Resistance is at 297.2 to 299, a close over 299 is friendly and augurs for a test of 303.6 to 304.5 and more likely the 309.2 to 310.2 region.

May Copper

Nearby Support is at  8225 to 8190 and 8135 to 8115.. under that support at 8045 to 8025 and 7955 to 7935 should contain a decline.. Traders can buy at 7955 and risk a close under 7935 three days in a row.

Nearby Resistance is at 8300 to 8315 beyond that sellers should appear near 8390 to 8410 and 8485 to 8500   beyond that resistance is at  8560 8590 ..Traders can go short at 8560 for a turn lower and risk a  close over 8590 for three days in a row. Beyond that good sellers should appear near 8665 then 8760 to 8775 and the 8855 to 8875 region.

May Silver

On the Nearby Support should appear  506 to 503 under that support at 499.5 to 497 and 492.5 to 491.5 should contain the decline, basis the close, for a bit..

Traders can buy at 492.5 and hold for higher prices..

On the Upside. Nearby resistance is at 512.5 to 514 and the  520.0 to 521.5 region   A close over 521.5 is friendly a augurs for a test of the 528 to 534 region.

Traders  should go long if a close over 514.5  occurs.

Stay tuned for Flashes...

The Exciting Energies

April  Crude

Resistance is at 3036 to 3045 then 3072.. Above that 3090 to 3102 should cap any rally for a bit. Traders can sell at 3092 and hold for lower prices.. Beyond that sellers should appear near 3145 to 3160 and 3194 to 3213.

Nearby Support is at 2990 to 2972 then 2937 to 2928 and 2885 to 2875,,, Under that buyers should appear near 2829 to 2820  Aggressive traders can buy at 2829 and risk a close under 2755 for two days in a row .. Below that buyers should appear near 2775 to 2758 and the 2724 to 2716 region..

Trade Accordingly and Stay Tuned For Flashes

April Unleaded Gas

Nearby Resistance should appear at 9140 to 9155 and 9236 , beyond that a test of 9315 to 9345 is likely..  Traders can sell at 9315 and risk a close over 9355 for three days in a row. Beyond that resistance is at 9420 to 9445 then 9525 to 9545 and the 9705 to 9735 region.

Nearby Support is 9100 and 9045  A close under 9045 is negative and augurs for a test of 8871 to 8855 and eventually the 8590 to 8560 region. Under that support is at  8500 to 8485. Traders can buy at 8505 and risk a close under 8390 for three days in a row. Under that support at 8315 to 8300 should contain a decline…

April Heating Oil

Resistance is at  7676 to 7690. Above that resistance should appear near the 7763 to 7777 region and 7835 to 7865.. 

Nearby Support is at 7595 then 7430 and 7345 to 7325.. Below that support is at  7255 to 7245 and 7175.. Under that  buyers should appear near  7088 to 7077

and 7003 to 6990.

Trade Accordingly. and Stay tuned for Flashes

The Grand Grains

May Beans

Support is at 503 3/4 under that buyers should appear near the 499 1/2 to 497 region, a close under 497 is negative and augurs for a test of 492 3/4 to 491 1/2..below that support is at 485 3/4 to 484 1/2 ..traders can buy at 492 3/4 and risk a  close under 484 for three days in a row.

Resistance is at 506 3/4 and 509 1/2.. Beyond that a test of 512 3/4 to 515 3/4 is likely.. A close over 515 3/4 is friendly and augurs for a test of  525 to 528 and 534 1/2 to 535 3/4  Stay tuned for Flashes

Traders should go long if a close over 516  occurs.

May Soybean Meal

Support is near the 11.5 and 160.9..region traders can buy at 160.9 and hold for higher prices  Under that  support is at 157.6 to 156.9 and the 153.5 to 152.9.

Resistance is at  164.2 to 164.9 and 165.5, a close over 165.5 is friendly  and augurs for a test of  167.2 to 168.9 and eventually 169.6 , beyond that sellers

should appear near the 173.1 to 173.8 region.

May SoyBean Oil

Support is at 1535 to 1529 and the 1496 to 1484 region. Below that buyers should appear near the 1459 region.

Resistance should appear  1576 , a close over 1576 is friendly and augurs for a test of 1609 to 1615 and eventually the 1642 to 1655 region.. Beyond that sellers should appear 1690..

Traders should go long if a close over 1576 occurs

May Wheat

Resistance is at 271 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 3/4. Beyond that a test of 282 to 282 3/4 is likely..

Support is at  Under that support at 256 3/4 to 255 1/4 below that support at
251 3/4 to 251 should hold..  Traders can buy at 252 and risk a  close under 246 for three days in a row.  

Traders should go long if a close over 267 3/4 occurs

May Corn

Resistance is at  222 3/4, a close over is friendly and augurs for a test of  226 1/4 to 227 1/4 and the  231 1/2 to 232 1/4 region. Beyond that resistance should appear near 235 1/2 to 237 and the 241 to 242 region.

Support  should appear near 218 1/2 to 217 then 215 1/2 . Traders can buy at  215 1/4 and hold for higher prices Below that buyers should appear near the 213 1/2  to 212 region and contain a decline for a bit. Under that  208 3/4 should  hold

Trade Accordingly.

Traders should go long of a close over 224 1/2 occurs.

The Satisfying Softs

May Cotton

On the DownSide Nearby Support is at 5880 to 5855  under that buyers should appear near 5805 to 5790.. Aggressive traders can buy at 5805 for a turn higher. risk a close under 5710 for three days in a row. Below that support at 5730 to 5715 should contain a decline basis the close under that support is at 5655 to 5640. 

Resistance is at  5945 to 5955 m a close over 5955 is friendly and augurs for

a test of the  6025 to 6035 region and more likely 6100 to 6110... Beyond that a test of 6165 to 6190 is likely.

Traders should go long if a close over 5955 occurs.

Trade Accordingly

May Sugar
Support is at  493 to 490 and 480, under that 471 to 468 should contain the decline basis the close for a bit.. Traders can buy at 481 and risk a close under 467 for three days in a row.  

Resistance is at 500  and the 507 to 515 region.. Beyond that sellers should appear near 523 and the 534 to 538 region.

Trade Accordingly

May  Coffee
Support is at 9835 to 98.20... Under that support is at 9740 to 9705  and 95.45 to 95.25  Below that support at 93.45 to 93.15 should contain the decline for a bit..

Resistance should appear near 100.20 to 100.40. A close over  100.50 is friendly and augurs for a test of 101.55 and eventually the 103.20 to 103.60 region.

Traders  should go long if a close over 100.50 occurs

Trade Accordingly and Stay Tuned for Flashes  

May Cocoa

Resistance is at 763 to 767, a close over 767 indicates a test of 791 to 795.
Beyond that sellers should appear near 815.

Support  is at  751 for three days in a row. Under that 739 to 735 should hold

and contain the decline for a bit.

Stay Tuned for Flashes.

The Lively Livestock

April Cattle

Nearby Support is at 7117 then 7087 to 7072.. Traders can buy at 7092 and hold for higher prices.. Below that buyer should appear near 7037 and the 7002 to 6987 region. Under that 6922 should hold. 

Nearby Resistance is at 7142 to 7172 and 7207 ,  A close over 7172 is friendly and augurs for a test of  7207 and eventually the 7242 to 7257 region. Beyond that resistance should appear near the 7327 to 7342 region and 7412 to 7427.

Traders should go long if a close over 7172 occurs.

April Hogs
Support should appear near 5732 to 5717 then 5657 to 5642 ..Traders can buy at 5717 and risk a close under 5642 for three days in a row.. below that support is at 55777 to 5552 under that buyers should appear near 5507 to 5492 and stop a decline..Under that support is at 5432 to 5417.

Resistance is at 5792 to 5807, a close over 5807 is friendly and augurs for a test of  5857 to 5882 then 5917 and eventually the 5947 to 5957 region. A close over 5957 is friendly and augurs for an eventual test of  the 6022  to 6032  region. 

Traders should go long if a close over 5807 occurs.

June Hogs

Nearby  Support is at 6507 to 6487, under that buyers should appear near 6432 to 6417 and the 6352 to 6337 region.. Traders can buy at 6352 and hold for higher prices…

Resistance is at 6577 to 6592 , a close over 6592 is friendly and augurs for a test of 6657 to 6672 and eventually the 6742 to 6757 region.. Beyond that resistance is at 6807 to 6837..

Traders should go long if a close over 6592 occurs.

March Bellies

Support is at 8962 to 8932 under that support is at 8872 to 8857, traders can buy at 8872 and hold for higher prices..below that support is at 8772 then 8682 to 8667 and the 8592 to 8562 region. Below that support at 8497 to 8482 should contain a decline..

Nearby Resistance is at  9042 to 9057, beyond that sellers should appear near  9137 to 9157.. a close over 9157 is friendly and augurs for an eventual test of  9312 to 9347 and beyond… towards 9527 to 9542..

Traders should go long if a close over 9157 occurs.

Traders Should Stay Tuned Flashes in the Pork complex...

A ship in Harbor is Safe.. But that's not what ships are built for.

Happy Trading

Bill 

Sunday, Feb 27, 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.

Bi Weekly Investment Outlook  ( BW )
Recommended open positions and Value.

Archives:  http://www.futurescom.com/bwparc.htm

 2-13-2000 Value                                     55,000.00

 2-27-2000  Value                                    59,066.80
Recommended open positions
Long  March Bellies at  9040

Long  May Cocoa     at  767 

Morning Comments ( MC )
Recommended Positions and Value 

Archives : http://www.futurescom.com/mcperf.htm

2-13-2000 Value                              $  50,000.00
2-27-2000 Value                              $  55,716.25  
No positions

Index Value

2-13-2000 Value                              150,455.70
2-24-2000  Current Value               158,205.70

Premier Open Pos and Value as of 2-27-00
2-24-2000  Value                             $  786,154.75

2-27-2000  Current Value               $  784,172.25

Premier recommended open positions
Long  5 SQ Short 5 SX –9.5

Long 9 March Bellies  9097 avg

Long 4 April Gold 310.5
Long 9 June Hogs at 6557 avg
Long 2 May coffee at 108.10
Long 4 May Cotton at 5950

Starting Total Value Feb 1997 $ 55,000.00 (BW only)
Combined Value Feb 1998     $ 156,863.95 (BW Only)
Combined Value Feb 1999     $ 510,797.05 (BW and Premier only)
Combined Value  Feb 2000    $ 1,041,610.45  ( BW, MC, Premier only)

( Feb 13 ,2000 for BW, MC Feb 24 for Prem)

Current Value Feb 27 2000     $ 1,057,161.35

Material Assumptions:
Beginning Value was established at $55,000 Feb. 12 1997.

Each trade is derived from FuturesCom's Bi-Weekly Investment

Outlooks, Morning Comments, 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.