Morning Investment and Day Trading Comments Thursday January 30, 2014 Equity Futures • Indices • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa. Free Two Week Trial see https://futurescom.com/free-trial
“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 ”
Wednesday January 29, 2014
9:00 PM, South Florida Beach Time.
The Federal Reserve’s announced its decision to reduce its asset purchase program by another $10 billion. The Dow fell 190 points or 1.2% to 15,739, the S&P 500 lost 18 points or 1.0% to 1,774, the NASDAQ fell 47 points or 1.1% to 4,051. The Stock market is nearly as oversold as it was last June it is lower on the year but higher year over year and near the end of the month. Coffee firmed and dips can be bought, Cotton surged late in the day. Silver and gold appear range bound. Oil and unleaded act ok… Nat Gas and heating oil rose sharply. Back end Hogs are at new contract highs, front end is up on weather while cash is still sloppy to lower than the Feb Hog. The spreads have widened as expected. Major Forex markets are quite stable with the dollar index trapped in the 8044 to 8119 region. Grains were weak as expected.
Traders should stay nimble and tune in for additional analysis, BW flashes, Updates and Day Trades.
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE
Support should appear near 15,690.00 and the 15,350.00 to 15,290.00 region.
Resistance is at 16.090.00 to 16,150.00 and the 16,420.00 to 16,550.00 region.
MARCH E-MINI SP500
Resistance should appear near 1774.00 to 1780.00 and 1794.00.
Support should appear near 1756.00 and the 1738.00 to 1731.00 region.
NASDAQ COMPOSITE
Resistance should appear near 4056 and 4110.00 to 4120.00.
Support should appear near the 3992.00 to 3982.00 region
MARCH E-MINI NASDAQ 100
Support should appear near 3443.00 to 3425.00 and 386.00 to 3377.00
Resistance is at 3493.00 to 3503.00 and the 3553.00 to 3563.00 region.
MARCH E-MINI RUSSELL 2000
Resistance should appear at 1130.00 to 1136.00 then 1150.00 and the 1164.00 to 1169.00 region.
Support should appear near 1115.50 and the 1101.00 to 1096.00 region.
Stay tuned for Flashes and trade accordingly
MARCH 30 YR BOND
Resistance should appear near 133-21 then 134-07 and 134-21
Support should appear near 132-21 then 132-07 and 131-21
MARCH 10 YR NOTE
Resistance should appear near 125-21 and 126-07.
Support should appear near 124-21 and 124-07.
THE FRENZIED FOREX FRONT
MARCH DOLLAR INDEX
Resistance should appear near the 8119 to 8134 region.
Support should appear near 8044 to 8029.
MARCH JAPANESE YEN
Resistance should appear near 9821 to 9837 and 9921 to 9937
Support should appear near 9737 to 9706 below that an eventual test of 9347 to 9316 is likely.
Stay tuned for Flashes.
MARCH EURO CURRENCY
Support should appear near 13615 and the 13460 to 13340 region.
Resistance should appear near the 13770 to 13830 region.
BW Traders can sell at 13761 for a trade and risk a close over 13837.
MARCH SWISS FRANC
Resistance should appear near 11227 and the 11300 to 11360 region.
BW Traders can sell at 11297 and hold for lower prices.
Support is near the 11010 to 10960 region.
MARCH BRITISH POUND
Support should appear near 16550 to 16420.
Resistance remains near 16720 and 16890 to 16960.
MARCH CANADIAN DOLLAR
Resistance should appear near 9044 to 9060
Support should appear near 8856 to 881
MARCH AUSSIE DOLLAR
Support should appear near 8683 to 8668, failure to hold is negative and augurs for a test of
8589 to 8560.
Resistance should appear near 8762 to 8777 and 8856 to 8871
THE PRECIOUS METALS
APRIL GOLD
Resistance should appear near 1268.0 to 1274.0.
Support should now appear near 1238.0 to 1232.0.
MARCH COPPER
Resistance should appear near 33190 to 33280.
Support should appear near 32130 to 31940
MARCH SILVER
Support should appear near 1946. Below that a test of 1909 to 1902 is likely.
Resistance is at 1982 to 1996 and 2034 to 2042
THE EXCITING ENERGIES
MARCH CRUDE OIL
Resistance should appear near 9821 to 9837
Support should appear near 9347 to 9316
MARCH BRENT CRUDE OIL
Resistance should appear near 10820 then 10960 to 11010.
Support should appear near 10680 to10580.
MARCH HEATING OIL
Support should appear near should appear near 29900 to 29720 and 29370 to 29280.
Resistance should appear the 30360 to 30450 region.
MARCH UNLEADED GAS
Nearby Support should appear 26200 to 26120 and 25680 to 25520.
Resistance should appear near 27160 to 27240 and 27580 to 27750
MARCH NATURAL GAS
Resistance should appear at 5553 to 5557
Support should appear near 5211 to 5200
THE GRANDE’ GRAINS
MARCH SOYBEANS
Support should appear near 1238 to 1232
Resistance should appear near 1268 to 1274 and 1289.
Trade Accordingly…
MARCH SOYOIL
Resistance should appear near 3795 to 3806
Support should appear near the 3682 to 3663
MARCH SOYMEAL
Resistance should appear near 430.4 to 431.5 and the 437.0 to 438.1 region.
Support should appear near 412.0 to 411.0 and the 405.6 to 404.6 region.
MARCH CORN
Support should appear near the 424 ¾ to 423 ¾ region.
Resistance should appear near 437 to 438 ¼.
MARCH WHEAT
Resistance should appear near 571 ¾ to 572 ¾
Support should appear 535 ¾ to 534 ½
THE LIVELY LIVESTOCK
APRIL CATTLE
Support should appear near 13830 to 13770
Resistance should appear near 14150 to 14210
JUNE CATTLE
Support should appear near 13100 to 13040
Resistance should appear near 13340 to 13460.
FEB HOGS
Support should appear near 8587 to 8557
Resistance should appear 8662 to 8682.
APRIL HOGS
Support should appear near 9347 to 9317 and the 9167 to 9137 region
Resistance should appear near 9427 to 9447 and the 9527 to 9542 region.
JUNE HOGS
Support should appear near 10237 and 10137 to 10102.
Resistance should appear near 10317 to 10357 and 10470
THE SATISFYING SOFTS
MARCH COFFEE
Support should appear near 11690 to 11640 and 11360 to 11300
Resistance should appear 11920 to 12030 and the 12320 to 12380 region…
MARCH COCOA
Resistance should appear near 2928 to 2937 and 2972 to 2990.
Support should appear near 2883 to 2874 and 2829 to 2820.
MARCH SUGAR
Resistance is near 1529 to 1535
Support should appear near 1459 to 1453.
MARCH COTTON
Support should appear near 8499 to 8484 and 8314 to 8300
Resistance is at 8668 to 8682 and 8856 to 8871
Stay tuned for Flashes and Updates in all Markets
–A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com
Wednesday January 29, 2014 11:00 PM South Florida Beach Time
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