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FuturesCom Investment Publications
Bi-Weekly Investment Outlook
October 20th, 2001
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
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--
Bi-Weekly Investment Outlook
Saturday Oct 20th, 2001
7:00 AM
Financial Markets
On the Frenzied Forex Front
December Japanese Yen
Support should appear near the 8223 to 8195 region. BW Traders can buy at 8225 for a good bounce, risk a close under 8195 for three days in a row..Below that support should appear near 8135 to 8119
and the 8044 to 8029 region..
Resistance should appear near 8300 to 8314 and 8351, a close over is friendly and augurs for a test of the 8391 8407 region..Beyond that resistance should appear near 8445 and the 8484 to 8499 region. Above that sellers should appear near 8560 to 8589..Traders can sell at 8559 and risk a close over 8630 for three days in a row.
Traders should go long if a close over 8314 occurs
December Euro FX
Support is at the 8964 to 8934 region... Below that support should appear near 8871 to 8856 and the 8777 to 8762 region.....Failure there augurs for an eventual test of 8683 to 8668 .. Traders can buy at 8683 for a bounce, risk a close under 8619 for three days in a row.. .
Resistance is at 9044 to 9060 and 9101 Beyond that sellers should appear near 9140 to 9156 and 9234 .. Beyond that a test of 9317 to 9347 region.is likely..
Aggressive Traders should go long if a close over 9001 occurs.. Stay tuned for Updates…
December Swiss Franc
Support should appear near 6035 to 6023 and the 5957 to 5945 region..Traders can buy at 5957 and risk a close under 5945 for three days in row
Traders should go long if a close over 6113 occurs
December British Pound
Recommended Position Long 1.4716
Support should appear near 1.4210 to 1.4150 should contain a decline..Under that buyers should emerge near 1.3830 to 1.3770.. Traders can by at 1.3770 for a turn higherr and risk a close under 1.3620 for three days in a row.
Resistance is at 1.4530 to 1.459 Above that resistance at 1.4840 to 1.4960 should cap a Rally..
December Canadian Dollar
Support should appear at 6337.below that buyers should appear near the 6270 to 6256 region.
Resistance is at 6417 to 6430, an extended trade over is friendly and augurs for an eventual test of the 6483 to 6509 region.... Traders can sell at 6482 and hold for lower prices...
Traders should go long if a close over 6350 occurs
December Australian Dollar
Support is at 4995 to 4973 and the 4926 to 4919 region.. Traders can buy at 4930 and risk a close under 4879 for three days in a row.. Below that 4856 to 4845 should contain a decline..
Resistance should appear near 5067,a close over is friendly and indicates a test of 5127 to 5139 and eventually the 5200 to 5211 region.. .
The Sensational Bond and Stock Markets
30 Year December Bonds
Resistance should appear near 107-17 then 108-04 . Above that sellers should appear near 108-22. Traders can sell at 108-22 for a turn lower, risk a close over 109-14 for three days in a row..
Support is at105-23. a close under 105-23 is negative and augurs for a test of the 104-22 to 104-17 region...
Traders can buy at 104-18 and risk a close under 103-17 for three days in a row..
Dow Jones Industrial Average
Resistance should appear near 9234. A close over 9234 is friendly and augurs for an eventual test of 9316 to 9347 and the 9422 to 9446 region. Above that resistance should appear near 9526 to 9542 and Cap a rally for a bit. Beyond that resistance is at 9625 to 9645....
Support is at 9156 to 9140 and the 9060 to 9044 region.. A close under is negative and augurs for a test of 8964 to 8934 and eventually the 8875 to 8855 region.. Below that buyers should appear near 8780 to 8760 and contain a sell off..A slip under augurs for a test of 8590 to 8560 and the 8410 to 8390 region.. .
December SP500
Recommended Position Short 1084.3
Resistance is at 1075 and 1082.. An extended trade over or close over is friendly and augurs for another test of 1096 to 1101 and beyond towards 1115.5. Above that a test of 1130 to 1136 is likely..Beyond that resistance is at 1150 and the 1164 to 1169 region .. Traders can sell at 1163.90 for a turn lower, risk a close over 1169 for three days in a row..
Support should appear near 1068 to 1063 and 1058. a close under 1058 is negative and augurs for a test of 1036 to 1032 and eventually the 1005 to 1000 region while buyers should appear near the 993.7 to 992.1 and the 983.7 to 982.20 region....a close under is negative and indicates a test of the 973.70 to 970.60 region....Traders can buy at 973.80 and hold for higher prices......
Traders should go short is a close under 1057.9 occurs...
Stay Tuned for BW Updates ....
Nasdaq Composite
Resistance is at 1609 to 1615 and the 1642 to 1655 region.. a close over 1655 is friendly and augurs for a test of
1731 to 1739 Beyond that sellers should appear near 1774 to 1780 and Cap a rally ..
Support is at 1576 to 1569 and 1535 to 1529. Below that buyers should appear near 1496 to 1484.. Under that 1421 to 1415 should contain a decline for a bit...
December Mini- Nasdaq 100
Resistance is at 1334 to 1346 region.. An extended trade over 1346 is friendly and augurs for a test of 1377 to 1383 and eventually the 1415 to 1421 region.. Beyond that Sellers should appear near the 1453 to 1459 region..
Above that resistance is at 1684 to 1496 and should cap a rally for a bit..
Support is at 1310 to 1304, a close under is negative and augurs for a test of 1238 to 1232, under that buyers should appear near 1203 to 1196 while a failure there augurs for a test of the 1169 to1164 region. Below that support should appear near 1136 to 1130 while buyers should come out of the woodwork near the 1101 to 1096 region
Precious Metals
December Gold
Recommended Open Position : Long 2 288.9 avg
Support should appear near the 277.5 to 275.8 region..Under that buyers should appear near 272.5 to 271.6..Below that support should appear near 262 to 261.2
Resistance is at 282 to 282.8,a close over 282.8 is friendly and augurs for a test of 292.8 to 293.7 and eventually the 309.2 to 310.2 region
Trade Accordingly and tuned for updates..
December Copper
Support should appear near 6035 to 6025 should contain the decline for a bit.. Under that a test of 5880 to 5850 is likely.. Traders can buy at 5885 and hold for higher prices...
Resistance should appear near 6415 to 6430 . a close over is friendly and augurs for a test of 6650 to 6670..
Traders can sell at 6645 and risk a close over 6770 for three days in a row..
December Silver
Recommended Position Long 458.5
Support should appear near the 412 to 411 region which should contain a decline for a bit.
Traders can buy at 412 and hold for higher prices.. Below that buyers should appear near 387.5 to 385.
Resistance is at 437 to 438.5 and 442.5 to 445.. beyond that a test of the 457 to 458 region is likely..
The Exciting Energies
December Crude Oil
Resistance is at 2267 to 2275. a close over is friendly and augurs for a test of 2315 to 2322 and more likely the 2354 to 2370 region.. Beyond that a test of 2411 to 2419 is likely to occur. Above that resistance is at 2461 to 2469 and the 2552 to 2568 region... Traders can sell at 2551 and risk a close over 2620 for three days in a row....
Support is at 2219 then 2185 to 2170, traders can buy at 2185 and hold for higher prices, risk a Close under 2125 for three days in a row.. Below that buyers should appear near the 2042 to 2034 region.
Traders should go long if a close over 2247 occurs..
December Unleaded Gas
Support should appear near 5960 to 5945 and the 5880 to 5855 region..Below that buyers should appear near
5575 to 5550 and the 5355 to 5340 region..
Resistance is at the 6100 to 6115 and 6255 to 6270 then 6335 to 6355 and 6415 to 6430..A close over 6420 is friendly and augurs for a test of 6485 to 6510 and eventually the 6650 to 6670 region , which should Cap a Rally for a bit.
Stay tuned for Updates..
December Heating Oil
Resistance is at 6415 to 6430 and the 6485 to 6510 region .. Beyond that resistance should appear near the 6650 to 6670 Above that sellers should appear near 6805 to 6835..
Support should appear near 6270 to 6255 and 6190 to 6165. Traders can buy at 6190 and risk a close under 6095 for three days in a row... Below that buyers should appear near 6035 to 6020 and the 5960 to 5945 region
Trade Accordingly
The Lively Livestock Markets
December Cattle
Recommended Position Long 6757
Support should appear near 6672 to 6652 under that 6592 to 6577 should contain a declinet..
Resistance is at 6742 to 6757 and 6807 to 6837 region., a close over is friendly and augurs for a test of the
6907 to 6922 region... .Beyond that 6987 to 7002 should cap a rally for a bit...
December Hogs
Support is at 4992 to 4972.. Under that buyers should appear near the 4857 to 4842 region
Resistance is at 5037 to 5067 and the 5127 to 5142 region.. a close over 5142 is friendly and augurs for a test of 5200 to 5212 and eventually the 5347 to 5357 region..
Traders should go long if a close over 5067 occurs
February Pork Bellies
Recommended Position: Long 2 7602
Support should appear near 6837 to 6807 and the 6672 to 6657 region.. Under that buyers should appear near the 6352 to 6337.
Resistance is at 7072 to 7087.. A close over 7087 is friendly and augurs for a test of 7242 to 7257.. Beyond that a trade towards 7327 to 7342 is likely..
Stay tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
January Soybeans
Recommended Position Long 429 1/2
Nearby Resistance is at 430 1/2 to 431 1/2 and the 437 to 438 1/4 region an extended trade or close over 438 1/4 is friendly and augurs for an eventual test of 463 3/4 to 465 and eventually the 469 1/2 to 471 1/2 region..
Nearby Support should appear near 418 1/2 to 416 1/2t. Below that buyers should appear near 405 3/4 to 404 ..
Traders go long if a close over 438 1/4 occurs..
December Soybean Meal
Recommended Position Long 2 164 avg
Resistance should appear near the 156.9 to 157.6 , a close over 157.6 is friendly and augurs for a test of 160.9 to
161.5 . Beyond that a trade towards the 164.2 to 165.5 region is likely.
Support is at 153.5 to 152.9.. Below that support should appear near 149.6 to 148.4
December Soybean Oil
Support is near 1496 to 1484 and 1459 to 1453. Under that buyers should emerge near the 1421 to 1415 region
Resistance should appear near the 1535. Beyond that sellers should appear near 1569 to 1576 and 1609 to 1615 .
December Corn
Resistance should appear near 208 to 208 3/4 and 212 3/4 to 213 1/2 and 217 to 218..
Support should appear near the 204 1/4 to 203 1/2, under that buyers should emerge near the 195 1/2 to 194 3/4 region..
December Wheat
Support should appear near 282 3/4 to 282 and 277 3/4 to 275 1/.2.... Traders can buy at 282 3/4 and risk a close under 275 1/2 for three days in a row. Below that buyers should appear near 272 1/2 to 271 3/4.
Resistance is at 288 1/4, a close over is friendly and augurs for a test of 297 1/2 to 299 and eventually the 303 3/4 to 304 1/2 region ..
Agressive Traders should go long if a close over 288 1/4 occurs..
Stay Tune for Updates and Flashes..
The Satisfying Softs
December Cotton
and the 2775 to 2755 region..
Resistance is at 3145 to 3155 and 3195 to 3225 .. Beyond that sellers should appear near 3315 to 3325.
December Coffee
Resistance should appear near 4425 to 4445 and 4505 to 4515,,. Beyond that a test of 4695 to 4715 is likely ..
Stay tuned for updates
March Sugar
Resistance should appear near 682 to 686 region. Beyond that sellers should appear near 704 to 712 and should cap a rally for a bit..Above that resistance should appear near 735 to 738..
Support should appear near 668 to 656 and the 634 to 630 region. Under that buyer should appear near the
586 to 582 region.
December Cocoa
Support is at the 1005 to 1000. Under that support should appear near 972 to 968.
Resistance should appear near 1032 to 1036.. beyond that resistance is at 1058 to 1068 is likley
--A ship in Harbor is Safe.. But that's not what ships are built for --
Happy Trading !
Bill !
Saturday October 20th, 2001
1:00 PM
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.
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Premier Service
http://www.futurescom.com/premier.htm
Recommended Open Positions as of 10-19-2001
Long 10 Dec Yen 8325 avg
Long 20 Dec Swiss 6147 avg
Long 20 Dec EC 9073 avg
Short 5 Dec SP500 1095.50
Long 15 Dec Gold 286.1 avg
Long 15 Dec Hogs 5457 avg
Long 4 Feb Hogs 5550
Long 8 Feb Bellies 7177 avg
Index Program
http://www.futurescom.com/index01.htm
Recommended Open Position NONE
Morning Comment Day Trades (MC):
http://www.futurescom.com/mcper01.html
FuturesCom Investment Publications Performance: as of 10-05-2001
Value of All Programs Combined: http://www.futurescom.com/futures-totals.htm
Feb 1997 $ 55,000.00 Starting Value
Feb 1998 $ 156,863.95
Feb 1999 $ 510,797.05
Feb 2000 $ 1,041,610.45
Feb 2001 $ 1,306,413.50
Sept 28,2001 $ 1,437,109.20
Oct 05, 2001 $ 1,441,813.55 Current Combined Value
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Premier Service Flashes
Archives: http://www.futurescom.com/premier.htm
Feb 1998 Inception Value $ 101,863.95 Inception Value
Feb 1999 Value $ 404,088.95
Feb 2000 Value $ 786,154.75
Feb 2001 Value $ 986,850.25
Oct 05,2001 Value $ 1,133,395.25
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Morning Comments ( MC)
Archives : http://www.futurescom.com/mcper00.html
02-11-2000 Value $ 50,000.00 (tracking year starting value)
10-05-2001 Current $ 107,230.25
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Bi Weekly Investment Outlook(BW)
Archives: http://www.futurescom.com/bwparc.htm
02-11-2001 Value $ 55,000.00 (tracking year starting value)
Oct 05,2001 Value $ 52,867.35
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Index Program
Archives: http://www.futurescom.com/indexfl.htm
02-23-2000 Inception Value $ 150,455.70
12-29-2000 Value $ 197,750.70
03-09-2001 Value $ 190,850.70
10-05-2001 Current $ 148,320.70
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Material Assumptions:
BW Starting Value was established at $55,000 for BW in Feb. 12 1997 and each year there after. Gains from the Bi-Weekly Investment Outlook(BW) during 1997 funded the Premier Service in 1998. Gains from the BW in 1998 funded the Morning Comments (MC) in 1999. MC tracking Begins and Ends in Feb. Gains from MC and BW in 1999 funded the Index Program for the year 2000. Gains from BW and MC for year 2000 were set aside..
Premier and Index programs tracking year Begins and ends during Late Feb to Early March. Each trade is derived from FuturesCom's Bi-Weekly Investment Outlooks, Morning Comments, Index Flashes , 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. Updates of trade results are periodically made to http://www.futurescom.com
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.
Copyright @ 1997-2001 FuturesCom investment Publications All Rights Reserved
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