FuturesCom Investment Publications
Morning Comments, November 17,1998
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Early Support is 8328 and 8314 to 8300. Below that buyers should appear near 88251. Day Traders can buy at 8251 for a good turn higher, Risk 40 pts.

Resistance is at 8351 to 8363. Beyond that resistance is at 8391 to 8406 and 8484 to 8499 Traders should sell short at 8484 for a turn lower, risk a close over 8499 for three days in a row. Beyond that resistance is at 8560 to 8589, traders should sell short at 8572, initially plan on risking risk a close over 8611.

Resistance is at 6019 to 6022 and 6035. A close over 6035 is friendly and indicates a test of 6072 then 6101 to 6113. Traders should sell short at 6113 for a quick turn lower. Risk a close over 6165. Beyond that a test of 6190 to 6201 is likely. Day traders can sell short at 6190 for a turn lower, risk 30 pts. Support is at 5972, day traders can buy at 5972, risk 40 pts. Under that support is at 5957 and 5945 then 5922 .

Resistance is at 7319 then 7328 / 7331 to 7242 region. Beyond that resistance is at 7377 and 7414 to 7428. Traders can sell short at 7414, risk a close over 7428 for three days in a row.

Support is at 7281 and 7255 to 7242. Day traders can Buy at 7282, risk 50 pts

Support is at 1.6720 and 1.6680 then 1.6580 and 1.6550 then 1.6502 and 1.6452 to 1.6420 Traders should buy at 1.6550 and hold for higher prices, risking a close under 1.6420 for three days in a row.

Resistance is at 1.6822 and 1.6890. A close over 1.6890 augurs for a test of 1.6960, traders can short at 1.6960, risk a close over 1.7110 for two days in a row. Beyond that 1.7310 to 1.7380 should cap a rally for now. Traders can sell short at 1.7310 risk a close over 1.7400 for two days in a row.

Nearby Support is at 6453 and 6430 then 6420. Traders can buy at 6418 for a bounce. Risk a close under 6402 for three days in a row.

Resistance is at 6470 then 6482 to 6509 and 6517. A close over 6517 is friendly and augurs for a test of 6577 to 6591. A close over 6591 augurs for a test of 6623 and 6687 beyond that a thrust to 6741 to 6755 is likely.

Traders should go long if a close over 6517 occurs.

Trade accordingly.

Support is at 294.90 and the 293.60 to 292.80 region. A close under 292.80 augurs for a test of 290.60. Traders can Buy at 290.40 and risk a close under 287.40 for three days in a row.

Resistance is at 297.50 and 299.00. A close over 297.70 is friendly and would indicate a test of 301.80 and 303.60 if it holds.

**Traders should go long/ add if a close over 297.70 occurs.

Nearby Support is at 7015 to 6990. Below that support is at 6905 and 6845 to 6815.

Resistance is at 7055 then 7090 then 7215 to 7240.

A close over 7055 augurs for a test of 7215.

Trade accordingly..

Support is at 350.10 then 348.5 and 344.5 where it should hold basis the close. Traders can go long at 344.5, risk a close under 337 for two days in a row.

Resistance is at 355.00 and 358.5 to 361. Beyond that resistance is near 373.

Traders can go short for a turn at 373, risk a close over 380.6 for two days in a row.

On the DownSide: Support is at 487.5 to 485.5 Traders can go long at 487.5 risk a close under 478 for three days in a row. Below that good buyers should appear at 474 and 462.

On the Upside. Nearby Resistance is at 500 and 511, a close over 511 is friendly for another test of 515 and eventually the 523 region..

Trade Accordingly.

Nearby Support is at 1304 and 1284 to 1274 then 1268.

Resistance is at 1328 and 1334 then 1359

Trade Accordingly

Support is at 4030 and 3992 to 3982 then 3944. below that support is at 3855 to 3815. traders can buy at 3815 and hold for higher prices.

Early Resistance is at 4077, a close over augurs for a test of 4132 to 4144.

Support is at 3715 to 3682 Traders should can go long at 3685, risk a close under 3610 for three days in a row.

Early Resistance is at 3799 and 3855 then 3982 to 4002 and 4055. A close over 4055 augurs for a test of 4110 then 4163.

Support is at 575 1/2 below that good buyer should appear at 573 1/2 to 568 3/4. Traders can buy at 573 1/2, for a good bounce, risk a close under good support at 568 for three days in a row. Below that support is at 565 3/4 and 555 1/2. Traders can buy at 555 3/4 for a turn higher, Risk a close under 549 for three days in a row.

Resistance is at 582 1/4 to 583 1/2. A close over 583 1/2 augurs for a test of the 595 to 596 region. Beyond that a test of 610. Beyond that sellers should appear at 619 1/2 traders can go short at 619 for a turn lower, risk a close over 627 for three days in a row.

Buy this Dip.

Support is at 147.3 then 143.2 and 141.5 day traders can go long at 143.2 Risk a trade under 139. Resistance is at 149.0, a close over 149 is friendly and augurs for a test of 158 beyond that good sellers should appear at 161. Traders can go short at 161, risk a close over 167 for three days in a row.

Support is at 2442. Below that Support should appear near the 2419 to 2411 region.

Resistance is at 2461 to 2465 and 2481.

A close over 2469 augurs for a test of 2511 to 2519. Beyond that a test of 2536 is likely. A close over 2541 is friendly and augurs for a test of 2552 to 2575. Traders can sell short at 2575, risk a close over 2612 for three days in a row.

Support is at 218 below that support is at 215 1/2. Below that support is at 210 1/2.

Resistance is at 220 1/2 and 224 3/4 to 225 1/2. A close over 225 1/2 indicates at test of the 230 region.

Support is at 2841/4 Below that support is at 281 1/4 and 277 to 275 where a break should contain it self.. Traders can go long at 276, risk a close under 268 for three days in a row.

Nearby Resistance is at 287 1/4 and 288 1/2. Then 293 1/4 . A close over 293 1/4 augurs for a test of 297 1/2 then the 299 to 301 region.

Try buy a dip this week *Traders should go long if a close over 293 1/4 occurs.

Support is at 6432 and 6385 then 6322

Resistance is 6479 and 6530 then 6600.

Support is at 831 and 823 to 819. Traders can buy at 823, risk a close under 907 for two days in a row. Below that support is at 795 to 791 and 784. Traders can go long at 784 for a turn higher, risk a close under 763 for two days in a row.

Resistance is at 847 to 852 and 859. Beyond that sellers should appear near 877 to 882.

On the downside, Early support is at 111.55 , day traders can buy at 111.55 put your own risk on it... Below that support is at 110.10 and 109.60 then 109.05 and 107.90.

On the Upside, Early Resistance is at 112.95 and 113.00 to 113.60. A close over 113.60 augurs for a test of the 116.40 to 116.90 region. Beyond that a push to the 119.20 / 120.30 region is likely. Above that traders can Go Short at 123.80, risk a close over 124.40 for three days in a row. Beyond that resistance should be firm at 126.80 to 127.40.

Resistance is at 1529 to 1535. A close over 1535 augurs for a test of 1561 Beyond that 1569 to 1576 offers resistance. A close over 1576 augurs for an eventual test of 1609 to 1615 beyond that 1642 to 1655 should cap a rally. Traders can go short at 1642, risk a close over 1655 for three days in a row.

**Traders should go long if a close over 1535 occurs.

Support is at 6182 to 6152 and 6122 to 6110.

Resistance is at 6282 to 6302 Beyond that resistance should appear at 6327. A close over 6282 is friendly and indicates a test of 6447.

Support is at 3157 and 3107 to 3097 then 3057. Traders should Go long at 3102 and risk a close under 3057 for three days in a row. Below that 2990 to 2972 should hold.

Resistance is at 3257 A close over 3257 augurs for a test of 35477 and eventually 3622

Support is at 3847 and 3820 to 3807, under that 3790 and 3747 should hold.

Resistance is at 3917 and 3947. A close over 3917 is friendly and augurs for a test of for a test of 4047 and 4097

Resistance is at 4307 and 4332 then 4412 to 4427, day traders can short an early rally at 4427 risk 50 pts. And stay tuned ....However a close over 4402 is friendly and augurs for a test of 4522. Traders should go long if a close over 4402 occurs..

Support is at 4267 , under that buyers should appear near 4232 to 4212 then 4182 and 4152 to 4132.

--From the Frying Pan into the Fire--

Support is at 4465 and 4432 below that support is at 4277 and 4207. Under that 3982 should contain a decline Day traders should Buy at 4465 put your own risk on,

Resistance is at 4507 to 4512 and 4577.

A close over 4522 is friendly and augurs for an eventual rally to 4727. A close over 4727 is friendly and indicates another test of 4802 and 4857.

A close over 4465 is mildly friendly

* Traders should go long / add if a close over 4522 occurs,

Patience...-Stay tuned for Updates in the Meat Complex.-

On The DownSide, early support is at 127-07 Under that support is at 126-11 and 125-29 Below that 125-10 should hold.

On the Upside: Resistance is at 127-11 and 127-28. Beyond that resistance is at 128-11 Beyond that Resistance is at 129-09 to 129-10 and 129-16 Traders can go short at 129-16 ,risk a close over 130-20 for three days in a row.

On the DownSide, Support is at 1139.40 and 1137.40 and 113260 then 1130.

A close under 1139.40 is negative and augurs for a test of 1126.80 and 1124.20.

Below that 1122.50 offers support, a close under 1122.50 is negative and augurs for a test of 1115.0 and eventually 1105.10, below that support should hold at 1101.20, traders can buy at 1101.20 for a bounce.. stay tuned for the stop.

On the Upside, Resistance is at 1148.40 to 1149.30 and 1150. Beyond that

resistance is at 1165 to 1169. Traders should sell short at 1168.50 and hold for lower prices... Beyond that 1182 to 1203 should bring out sellers...traders with Ice Water running through their veins should go short at 1194.60 and Hold..

Stay Tuned for SP500 Updates and Flashes .

** A close under 1139.4 is negative, traders should sell short if a close under 1139.40 occurs.

Support is 8964 and 8952.40 under that support is at 8934. A slip under 8934 augurs for a test of the 8871 to 8854 region, below that 8833 needs to hold basis the close for upward momentum to continue. A close under 8833 is negative and indicates a slip towards the 8777 to 8762 region.

Resistance should first appear at 9044 to 9060 and 9083, a close over 9083 augurs for a test of 9140 to 9156 where good sellers should appear.. Beyond that 9254 and 9316 to 93347 should cap a rally..