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Morning Comments, Tuesday September 18th ,2001
Experienced
Since 1979 - Serving Professional and Individual Traders World Wide since 1988
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Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995
http://www.futurescom.com
Courage in a Speculator is merely confidence to act on the decision of his mind
Morning
Comments
Monday Sept 17th, 2001
11:30 PM
Financial Markets
On the
Frenzied Forex Front
December
Japanese Yen
Support should appear near the 8499 to 8484 region..a
close under 8484 augurs for a test of 8406 to 8391
Resistance
should appear near the 8560 to 8589 and 8629 , beyond that sellers
should appear near 8668 to 8683
and cap a rally .
December
Euro FX
Support
is at 9156
to 9140..under that a test of 9060 to 9040 is likely to occur..
Resistance
should appear near
9234...and the 9316 to 9347 region...Above that resistance is
at 9429 to 9445..
BW Traders can sell at 9428 for a turn lower, risk a close
over 9469 for three days in a row..
December
Swiss Franc
Resistance
should appear near 6224, Aggressive day
traders can sell at 6223 and hold for lower prices.. Beyond that sellers
should appear near the 6256 to 6270 region.. ..Above that 6335 to 6350 should Cap any rally for a bit.. ..
Support should appear near 6190 to 6179
and 6165 , a slip under augurs for an eventual test of 6113 to 6101.
December
British Pound
Support
should appear near
1.4530 .. A slip
under augurs for a test of 1.4372 and the 1.4210
to 1.4150 region. BW Traders can buy at 1.4120 and risk a close under 1.4140 for three
days in a row..
Resistance is at 1.4590 then
1.4710 and the 1.4840 to 1.4960 region
December
Canadian Dollar
Support
should appear near the 6350 to
6337 region.
Resistance
is at 6383 and the 6417 to 6430
region.
December Australian Dollar
Support is
at 4926 to 4915.. Day traders can buy at 4927 and hold for higher
prices..
Resistance should appear near 4973 to 4995 and 5036 to 5067...
Trade accordingly
Sensational Stock and Bond Market
30 Year December
Bonds
Resistance
should appear near 105-12 and
105-22 then 106-07
Support
is at 104-22 and the 104-12 to 104-07
region..
Dow Jones Industrial Average
Resistance should appear
near 8934 to 8964, beyond that a test of the 9040 to 9060
region is
likely.Beyond that sellers should appear near
9140 to 9156..Beyond that critical resistance is at 9234.. However an
extended trade or a close over 9156 is
friendly and augurs for an eventual test of 9316 to 9347....
Support is at 8871 to 8856 under that buyers should appear near 8777 to 8762, below that critical support is near 8683 to 8668.. which should contain a decline for a bit..
December
SP500
Resistance is at 1058 1063 and 1068.. However
an extended trade over or close over 1068 is friendly and augurs for an eventual
trade of 1082.. beyond that a test of 1096 to 1101is likely...
Support should appear near 1036.00 to 1032.00 and 1018.5 then 1005.00 to 1000.00 while buyers should appear near the 972.00 to 968.00 region...
Nasdaq Composite
Resistance is
at 1731 to 1738 region.. a close over 1738 is friendly and
augurs for a test of
1774 to 1780 and eventually the 1808 to 1822 region.. Beyond that sellers should
appear near 1902 to 1909
and should Cap a rally for a bit.
Support is at 1615 to 1609 and 1535 to 1529. Below that buyers should
appear near 1496 to 1484.. Under that 1459 to 1453 should contain the decline
for a bit...
December Mini- Nasdaq 100
Resistance is
at 1274 then 1289 and the 1304 to 1310 .. An extended trade over 1310 is
friendly and augurs for a test of 1334 to 1346 .
Support is at 1268, failure there augurs for a test of 1253 and the 1238 to 1232 region. where buyers should come out of the woodwork...
The
Lively Livestock Markets
October
Cattle
Support should appear near 7087 to 7072
and the 7002 to 6987 region..
Resistance
is at
7142 to 7172 and 7242 to 7257..
October
Hogs
Support
is at the 6037 to 6022 and 5957 to
5942.. Day traders can buy at 5957 and risk 50 pts..
Resistance
is at 6102 to 6112. An extended trade or close over 6112 is friendly and
augurs for another test of 6167 to 6192
.
Stay
Tuned for updates
December
Hogs
Support
is at 5652 to 5637 and the 5577 to
5552 region...
Resistance
should appear near 5717 to 5732 and
the 5792 to 5807 region.
February Pork Bellies
Support should appear near 8137 to 8112.. Below that buyers should appear near 8042 to 8027..
Resistance is
at 8227 and the 8302 to 8317 region.. Beyond that sellers should appear near 8392 to 8407.
Stay
tuned for Livestock Updates and Flashes
The ‘Grand’ Grain Markets
November
Soybeans
Resistance
is at 481 1/2.. Beyond that a test of
the 484 1/2 to 485
3/4 region is likely.
Support
should appear near
478 3/4 to 477 1/2 and the 471 1/2 to 469 1/2 region.
December
Soybean Meal
Resistance
should appear near the 168.9 to
169.6
Support
is at 165.5 to 164.2 Below that
support should appear near 161.5 to 160.9
December
Soybean Oil
Support
is near 1655 to 1642 then 1615 to
1609.Under that buyers should emerge near the 1576 to 1569 region
Resistance
should appear near the 1689 to 1696
region...
December
Corn
Support should appear near 221 3/4 and 218 1/2 to 217
Resistance should appear near
226 3/4 to 227 1/2 to 226 3/4..
December
Wheat
Support
should appear near 272
1/2 to 271 3/4 and 267 1/4 to 266 1/4.
Resistance
is at 275 3/4 to 277 1/2.. Beyond
that an eventual test of 282 to 282 3/4 is likely..
Stay Tune for Updates and Flashes..
--A
ship in Harbor is Safe.. But that's not what ships are built for --
Happy
Trading !
Bill !
Tuesday
September 18th, 2001
12:45 AM
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.
Bi
Weekly Investment Outlook (BW)
Archives: http://www.futurescom.com/bwparc.htm
Recommended Open positions as of 9-18-2001
Short Dec Yen 8560
Short Dec Swiss Franc 6203
Long Dec Copper 6790
Long Nov Beans 486
Long 2 Dec Soymeal 167.7 avg.
Long Dec Corn 227 3/4
Long Dec Wheat 291 3/4
Long Dec Coffee 5305
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Premier
Service
http://www.futurescom.com/premier.htm
Recommended
Open Positions as of 9-18-2001
Short 10 Dec EC 9201
Short 15 Dec Swiss Franc 6230
Long 5 Dec Copper 6950
Long 10 Dec Hogs 5540
Long
10 Nov Beans 491 1/2 avg.
Long 10 Dec Wheat 277 1/2
Long 10 Dec Soymeal 168.3
Long 5 Dec Coffee 5500