FuturesCom

FuturesCom Investment Publications

Dedicated to Excellence in Analysis of Futures Markets
Bi-Weekly Investment Outlook (BW) Sunday January 02, 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

5845 Autumn Ridge Rd Lake Worth Florida 33463 Voice 561-433-2995 Fax 561-433-9243 http://www.futurescom.com

Sunday, Jan 02, 2000

05:58 AM

The Sensational Stock and Bond Markets

March SP500

On the DownSide Nearby Support is at 1484 and 1481.80. A close under 1484 is negative and augurs for a test of 1479.8 and more likely the 1471.50 region. Under that good support should appear near 1459. Below that support should appear near 1456 to 1453 which should stop a decline for a bit. A close under 1453 is negative and augurs for slip towards 1437 level and eventually 1421 and the 1418 to 1415

region. Traders can buy at 1418.50 and hold for higher prices.. Under that support should appear near 1399 and 1383 to 1380 which should stop a decline. A close under 1383 is negative and augurs for slip towards the 1377 level and eventually 1363 to 1361.50 Traders can buy at 1361.50 and hold for higher prices.

Nearby Resistance is at 1490 to1496 and 1499.50. A close over 1496 is friendly and augurs for a test of 1512.5 and the 1529 to 1535 region where good sellers should appear and Cap the Rally for a bit . Traders can sell at 1529 and hold for lower prices.

Beyond that sellers should appear near 1552 and the 1569 to 1576 region which

should provide good resistance.

Aggressive Traders should go short if a close under 1484 occurs

Traders should Stay Tuned for SP500 Flashes

Dow Jones Industrial Avg.

Support is 11,442, under that buyers should appear near 11,360 to 11,330 and 11,300. A close under 11,360 is negative and augurs for a test of 11,212 then 11,155 and eventually 11,087 under that support should appear near 11,010 to 10,975 and 10,960.

Resistance remains near 11,500 to 11,530 and the 11,640 to 11,690 region which should continue to provide good resistance and cap a rally for the time being. Beyond that sellers should appear near 11,757 and 11,800. Beyond that resistance is at 11,920

to 12,030.

Cash NASDAQ

Support is at 4056 to 4046 and 4019. A close under 4019 is negative and augurs for a slip to 3992 to 3982 and eventually the 3929 to 3909 region.. Below that a test of 3867 is likely.

Nearby Resistance is at 4082. Beyond that some sellers should appear near 4110 to 4115 and 4120. Beyond that resistance is at 4160 to 4163 and 4175 to 4185.

Beyond that sellers should appear near 4205 Above that good sellers should Cap the Rally for a bit near the 4238 to 4249 region.

March Bonds

On the Upside Nearby resistance is at 91-06 and 91-16 to 91-21 Above that sellers should appear near 92-06 and 92-17 then 92-22 to 92-29. Beyond that sellers should appear near 93-08 and 93-22 to 93-28 Traders can sell at 93-06 and risk a close over 93-22 for three days in a row . Above that resistance is at 94-06 to 94-12 and 95-09 and 95-22...

On The DownSide nearby support is at 90-23 and the 90-07 region. Where

Aggressive Traders can buy at 90-07 and risk a close under 89-23 for three

days in a row. Below that support is at 89-17 to 89-07 and the 88-26 to 88-21

region Which should contain a decline for a bit. Below that support is at 87-21

then 87-06

Traders go long if a close over 91-21 occurs.

Trade accordingly...

On the Frenzied Forex Front

March Japanese-Yen

Nearby Support should appear at 9879, traders can buy at 9878 and hold for higher prices.. Under that support should appear near 9837 to 9823 and 9780. under that buyers should appear near the 9737 to 9706 region. Traders can buy at 9737 for a good turn higher and risk a close under 9702 for two days in a row .. Below that good buyers should appear near 9674 and 9641 to 9625

Nearby Resistance is at 9921 to 9937 and a test of that appears likely. However A close over 9937 is friendly and augurs for a test of 9981 and likely the 10021 to 10037 region. Beyond that resistance is at 10070 and the 10104 to 10120 region

Traders should go long is a close over 9921 occurs. ....Stay Tuned for Flashes

March Swiss

Nearby Support is at 6343 to 6337. Below that support is at 6302 and the 6270 to 6257 region which should contain a decline in the near term. Traders can buy at 6305 and risk a close under 6257 for three days in a row. Under that buyers should appear near 6223 and 6190 to 6165...

Nearby Resistance is at 6350 then 6386..A close over 6386 is friendly and augurs for a test of 6417 to 6430 and 6457.. Beyond that sellers should appear near 6482 to 6509. Beyond that sellers should appear near the 6577 to 6591 region. Traders can sell at 6577 and hold for lower prices. Above that sellers should appear near 6626 and 6659 to 6673.

Traders Should go long if a close over 6350 occurs.

Stay tuned for Flashes...

March British Pound

Support should appear near 1.6150 , a close under augurs for a test of 1.6090 and 1.5998. Under that support at 1.5926 should bring out buyers.. Traders can buy at 1.5928 for a good turn higher , risk a close under 1.5926 for two days in a row. Below that 1.5760 to 1.5690 should hold. Traders can buy at 1.5760 and hold for higher prices..

Resistance is at 1.6202 to 1.6226. Beyond that resistance is at 1.6286 and the 1.6420 region .. Traders can sell at 1.6420 hold for lower prices. Initially Risk a close over 1.6486 for two days in a row. Above that Resistance is at 1.6550 then 1.66126 and the 1.6720 region. Beyond that good sellers should appear near 1.6890 to 1.6960

Traders can sell at 1.6890 and hold for lower prices..

Trade Accordingly and stay tuned for Flashes..

March Canadian Dollar

Nearby Support is a 6919 to 6906 and 6871 traders can buy at 6872 for a good bounce, risk a close under 6836 for two days in a row. Below that buyers should

appear near 6809, a close under 6809 augurs for a slip to 6783 and eventually the 6755 to 6741 region. Where buyers should appear and stop a decline

Resistance is at 6955 then 6990 to 7002. Traders can sell at 6990 for a turn lower and risk a close over 7002 for three days in a row. Beyond that resistance is at 7074 to 7090 and 7128.

Trade Accordingly and Stay tuned for FuturesCom's Forex flashes

Precious Metals

Feb Gold

Nearby Support is at 288.3 to 287.4 and 285.1.. Traders can buy at 285.10 and hold for higher prices. Below that support should appear near the 282.9 to 282. 8 and the 277.5 to 275.8 region Under that 272.4 to 271.6 should contain the decline.

Resistance is at 292.8 to 293.7, a close over 293.70 is friendly and augurs for a test of the 297 to 299 region and beyond towards the 303.5 to 304.5 region Above that a test of 309.2 to 310.2 is likely.

Traders should go long if a close over 292.8 occurs.

March Copper

Nearby Support is at 8505 to 8485 under that buyers should appear near 8405 to 8390 then 8315 to 8300 and the 8225 to 8190 region. Traders can buy at 8225 and hold for higher prices ..Risk a close under 8115 for three days in a row. Under that 8045 to 8030 should hold.

Nearby Resistance is at 8560 to 8590 then 8655 and the 8760 to 8775 region Beyond that sellers should appear near 8855 to 8870 and cap a rally.. Traders can go short at 8855 for a turn lower and risk a close over 8965 for two days in a row.

Beyond that good sellers should appear near 9045 to 9060.

March Silver

On the Nearby Support should appear near 541.5 and 535.5 to 534.5 Below that buyers should appear near 529 to 526 and the 521 region ..Traders can buy 528.5 and risk a close under 520 for three days in a row. Below that support is at 514 to 512.5 and the 507 t0 504 region Aggressive Traders can buy at 507 and hold for higher prices..

On the Upside. Nearby resistance is at 546.5 and 549 to 550.5 A close over 546.5 is friendly and augurs for an eventual test of the 555 to 558 region and beyond towards 564 to 565. If it holds. Beyond that resistance is at 571 to 572.5 and 579.

Traders should go long if a close over 546.5 occurs.

Stay tuned for Flashes...

The Exciting Energies

Feb Crude

Resistance is at 2568 then 2590 A close over 2590 is friendly and augurs for a test of 2621 and eventually 2663 to 2672 . A close over 2663 is friendly and indicates a test of 2716 to 2724 and eventually the 2758 to 2772 region.. Above that sellers should appear near 2820 to 2829 and the 2875 to 2885 region which should cap the rally for a bit.. Traders can sell at 2819 and risk a close over 2875 for three days in a row.

Nearby Support is at 2552 and 2519 to 2511 then 2469 to 2461. Below that support should appear near the 2419 to 2411 region. Traders can buy at 2419 and hold for higher prices. Under that 2370 to 2355 should contain a decline for the time being.

Traders should go long if a close over 2568 occurs..

Trade Accordingly and Stay Tuned For Flashes

Feb Unleaded Gas

Resistance should appear at 6809 to 6835 and 6870.. A close over 6870 is friendly and augurs for a test of 6990 to 7005 and eventually the 7075 to 7085 region.

Beyond that resistance is at 7140 to 7170 and 7240.

Nearby Support is 6755 to 6740 and near 6710. Under that support is at 6675 to 6655 and the 6590 to 6570 region. Traders can buy at 6591 and risk a close under 6505 for two days in a row. Below that buyers should appear near 6480 and the

6430 to 6417 region. Under that support is at 6350 to 6335 and the 6270 region.

Aggressive traders can buy at 6270 and hold for higher prices.

Feb Heating Oil

Resistance is at 6809 and 6835 then 6871. A close over 6871 is friendly and augurs for a test of the 6920 region.. Beyond that sellers should appear near the 6990 to 7005 region. Beyond that resistance is near 7075 to 7090 and the 7140 to 7170 region..

Nearby Support is at 6783 then 6755 to 6741 Below that Buyers should appear near the 6673 to 6659 region. A close under 6659 is negative and augurs for a slip to the 6590 to 6570 region. Under that Support is at 6510 and 6483.. Traders can buy at 6510 and hold for higher prices..

Trade Accordingly. and Stay tuned for Flashes

Traders should go long if a close over 6835 occurs.

The Grand Grains

March Beans

Support is at 465 to 463 3/4, traders can buy at 465 3/4 and hold for higher prices.. Under that support is at 458 1/2 to 457 1/2 and the 451 1/2 to 450 1/4 area.

Under that support should appear near 447 3/4 and the 444 3/4 to 442 3/4 region.. Below that buyers should appear near 438 to 437 , Traders can buy at 438 and hold for higher prices.

Nearby Resistance is at 471 3/4. Beyond that resistance is at 477 1/2 to 478 3/4, a close over 478 3/4 is friendly and augurs for a test of the 4841/4 to 485 3/4 region. Beyond that a test of the 491 1/2 to 492 3/4 region and towards the 497 to 503 is likely

to occur.

Traders should go long if a close over 471 3/4 occurs.

Stay tuned for Flashes

March Soybean Meal

Support is near the 145.9 to 145.3 and 142.1 to 141.5 Traders can buy at 145.9 and hold for higher prices.. Under that 142.1 to 141.5 should hold.

Resistance is at 147.1 then 148.4 Beyond that resistance is at 152.9 to 153.5 then 156.9 t0 157.6 and the 160.90 to 149.6 and 150.8to 1.6150 region.

March SoyBean Oil

Resistance is at 1609 to 1615, a close over 1615 is friendly and augurs for a test of 1642 to 1655 and 1689 to 1696.. Beyond that sellers should appear near 1731.

Support is at 1576 to 1569 and 1552 then 1535 to 1529 and 1496

March Wheat

Resistance is at 250 1/2 and 251 1/4.. A close over 250 3/4 is friendly and indicates a test of 255 1/2 to 256 1/2. Beyond that resistance is at 261 to 262 1/2 and the 266 1/2 to 267 region. Beyond that a test of 271 3/4 to 272 1/2 is likely.

Support is at 246 3/4 to 246, traders can buy at 246 3/4 and hold for higher prices Below that support is at 241 3/4 to 241. Under that buyers should appear near 237 to 235 and 232 to 231 1/4. Below that good buyers should appear near the 227 1/2

to 226 1/4 region and contain a decline.

Traders should go long if a close over 250 1/2 occurs

March Corn

Resistance is at 203 1/2 to 204 1/4, a close over 204 1/4 is friendly and indicates a test of 208 to 208 3/4.

Support is at 204 1/4 to 203 under that 199 3/4 to 198 should hold and contain the decline for a bit. Trade Accordingly.

The Satisfying Softs

March Cotton

On the DownSide Nearby Support is at 5067 and 5036 and 4995 to 4973. Traders can buy at 4995 for a turn higher ,risk a close under 4915 for three days in a row. Below that support is at 4855 to 4845 and the 4786 to 4775 region.

Resistance is at 5097 then 5127 to 5139 and the 5200 to 5210 region. A close over 5211 is friendly and augurs for a test of 5259 and the 5345 to 5355 region. Beyond that sellers should appear near the 5415 to 5430 region.

March Sugar
Support is at 609 to 605 and 601..Under that buyers should appear near 593 and the 586 to 582 region. Traders can buy at 605 and risk a close under 582 for three days in a row. Below that support is at 562 to 559 and 538 to 534 which should contain a

decline over the near term.

Resistance is at 620 and 630 to 634..Beyond that sellers should appear near 656 to 661. Above that good sellers should appear near 682 to 686 Beyond that a test of 704 to 709 is likely.

Trade Accordingly

March 'the Monster' Coffee
On the DownSide, support is at 125.10 and 123.80 to 123.20 Which should hold and contain a decline for a bit. Under that 121.75 offers support Below that buyers should appear near the 120.30 to 119.20 Under that support is at 118.00 and the 116.90 to 116.40 region.

On the Upside, Resistance should appear near 126.80 to 127.40, A close over 127.40 is friendly and augurs for a test of 130.40 to 131.0 and eventually the 133.40 to 134.60 region. beyond that a touch of 137.7 to 138.3 and beyond towards 149.6 is likely..

Traders should go long if a close over 127.40 occurs

Trade Accordingly and Stay Tuned for Flashes

March Cocoa

Resistance is at 847 to 852 A close over 852 is friendly and augurs for a test of the 877 to 882 region. An extended trade or close over 882 indicates a test of the 907 to 912 region. Beyond that good sellers should appear near 932 to 941. Traders can sell at 932 for a turn lower, risk a close over 942 for two days in a row.

Support is at 833 under that 823 to 814 offers support .. Below that buyers should appear near 795 to 791 and the 767 to 763 region. Traders can buy at 776 and risk a close under 763 for three days in a row. Below that support is at 739 to 735..

Stay Tuned for Flashes.

The Lively Livestock

Feb. Cattle

Support is at 6957 and 6922 to 6907 then6877. Under that support should appear near 6837 and the 6782 region where Aggressive Traders can buy at 6787 and risk a close under 6727 for three days in a row. Below that support is at 6757 to 6742 and the 6707 region under that 66732 to 6657 should hold.

Resistance is at 6987 and the 7002 to 7017 region.. A close over 7007 is friendly and augurs for a test of 7077 to 7087 and 7127 to 7142. Beyond that resistance is at 7242 to 7255. Traders can sell at 7242 for a turn lower..Risk a close over 7257

for three days in a row.

Feb Hogs

Support should appear near 5432 to 5417. Traders can buy at 5432 and hold for higher prices ..Below that support is at 5387 then 5282 to 5257 and 5212. Under that Support should appear near 5137 and 5067 to 5032.

Nearby Resistance should appear near 5492 to 5502. A close over 5507 is friendly and indicates a test of 5552 to 5577 and the 5637 to 5652 region. Beyond that sellers should appear near 5717 to 5727 and the 5857 to 5882 region.

Traders should Go long if a Close over 5507 occurs.

Feb Bellies

Resistance should appear near 7837 to 7862 , a close over 7862 is friendly and indicates another test of 7937 to 7952 and ,most likely the 8027 to 8047 region . A close over 8047 is bullish and indicates and eventual test of 8192 to 8222 and 8482 to 8502.

Support is at 7777 to 7762 and 7687 to 7672. Traders can buy at 7692 and hold for higher prices... Under that 7602 to 7587 should hold provide support . Below that

support is at 7517 to 7487 and 7427 to 7417 and 7342 to 7327.. Traders who have ice water running through their veins can buy at 7342 and hold for higher prices.. Under that Buyers should appear near the 7252 to 7242 and stop a decline.

Traders should go long if a close over 7867 occurs.

Stay Tuned For Flashes in the Pork complex..

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

Happy Trading

Bill

Sunday, January 02, 2000
12:16 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.

FuturesCom Totals as of 12-31-1999

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 10-08-1999 $ 806,192.10 (BW, MC and Premier)
Combined Value 10-23-1999 $ 845,112.95 "
Combined Value 11-05-1999 $ 921,044.40 "
Combined Value 11-19-1999 $ 905,468.70 "
Combined Value 12-04-1999 $ 957,790.90 "

Combined Value 12-17-1999 $1,004,062.25 "
Combined Value 12-31-1999 $ 985,301.15

12-31-99 BW recommended Open Pos. and Value
http://www.futurescom.com/bwparc.htm

2-12-99 Value 55,000.00

8-28-1999 Value 73,310.55

9-12-1999 Value                                92,866.35
9-24-1999 Value                                81,150.20
10-08 -1999 Value                               91,406.15

10-23-1999 Value 86,586.60

11-05 -1999 Value 102,430.70

11-19-1999 Value 95,551.35

12-04 -1999 Value $ 113,090.25

12-17-1999 Value $ 121,539.10
12-31-1999 Current Value $ 102,616.75

BW Recommended Open Positions 12-31

Long 2 March Coffee at 131.65 Avg.
Long 2 Feb Bellies at 7867 Avg.

Short 2 March Sp500 at 1453 Avg.

MC recommended Open Pos. and Value
http://www.futurescom.com/mcperf.htm

2-12-1999 Value 51,708.10

8-28 Value 92,507.60

9-12 Value                                       102,611.20
9-24 Value                                       103,069.50
10-08 Value                                      113,686.70

10-23 Value 107,552.10

11-05 Value 126,830.70
11-19 Value $124,088.10

12-04 Value                                    $ 132,000.15
12-17 Value                                    $ 144,625.15
12-31 Value                                    $ 141,650.15

MC Recommended Open Positions 12-31 NONE

12-31-99 Premier recommended Open Pos. and Value
http://www.futurescom.com/premier.htm

2-09-1998 Value 101,863.95

2-23-1999 Value 404,088.95

Aug. 1 1999 Value 549,583.85

Aug 15 Value                                   583,476.55
Aug 28 Value                                   577,238.55
Sept 12 Value                                  593,734.25

Sept 24 Value                                  537,309.25
Oct 08 Value                                    601,099.25
Oct 23 Value                                    650,974.25

Nov 5 Value 691, 783.00
Nov 19 Value $ 685,829.25

Dec 04 Value                             $   712,700.50
Dec 17 Value                              $   737,898.00
Dec 31 Value                              $   741,034.25

Premier Recommended Open Positions 12-31

Long 7 Feb Bellies at 7702 avg.
Long 5 Feb Hogs at 5705

Long 7 June hogs at 6400 avg.

Short 1 March NASDAQ 3729

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, 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..

is Not Responsible for Transmission Errors and omissions