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The Bill Chippas Show
FuturesCom Investment Publications
Morning Comments Tuesday August 1st 2006
Serving Professional and Individual Traders World Wide since 1979
1650 SW Malmo Rd , Port St. Lucie , Florida 34953 - USA and Canada Toll Free : 1-866-409-3890 - Intl : 1- 772-621-4234 http://www.futurescom.com
Monday July 31st 2006
2:30 PM South Florida Beach Time
The Sensational Stock and Bond Markets
Dow Industrials
Resistance in the Dow remains near 11300 to 11360..
Support should appear near 11,155.00 and 11,010.00 to 10960.00
Sept SP500
Support is at 1274.00 to 1268.00
Resistance should appear near 1289.00 and 1304.00 to 1310.00
NASDAQ Composite
Support should appear near 2089 to 2089 and 2042 to 2034
Resistance should appear near 2126.00 to 2134.00
Sept Mini Nasdaq 100
Resistance should appear near 1529.00 to 1535.00..
Support should appear near 1496 to 1484.00.
Sept Mini Russell 2000
Support is at 700.30 to 699.00 and 691.90 to 690.60.
Resistance should appear near 707.40 to 708.30 and 714.30 to 717.00
Sept 10 Year T-Note
Resistance should appear near 106-70 and 106-21
Support is at 105-21 and 105-07
Sept 30 Year T-Bond
Resistance should appear near 108-21 which should cap the rally for now ..Beyond that sellers should appear near 109-07 and 109-21
Support is at 108-07 and 107-21
The Frenzied Forex Front
Sept Yen
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region, which should cap a rally.
BW Traders can sell at 8933 and hold for lower prices..
Support should appear near 8777 to 8762 and 8683 to 8668
Sept Euro Currency (EC)
Support should appear at 12740 to 12680
Resistance should appear near 12890 and 13040 to 13100….BW Traders can sell at 13039 and Hold for lower prices..
Sept Swiss Franc
Resistance should appear near 8194 to 8223 and 8300 to 8314..
BW Traders can sell at 8300 for a turn lower and hold for lower prices..
Support should appear near 8134 to 8119, a close under is negative and augurs for a test of 8044 to 8029.
Sept British Pound
Support should appear near 18650 to 18580 and 18400
Resistance should appear near 18835 and 19020 to 19090.
BW Traders can sell at 19010 for a turn lower and hold for lower prices..
Sept Canadian Dollar
Resistance should appear near 8856 to 8871 and the 8934 to 8964 region. Above that sellers should appear near 9044 to 9060 , which should cap a rally. …BW Traders can sell at 9042 for a turn lower and hold for lower prices..
Support is at 8777 to 8762 and the 8683 to 8668 region...
Sept Aussie Dollar
Support should appear near 7601 to 7587.
Resistance should appear near 7675 to 7689 and the 7763 to 7777 region ..
BW Traders can sell at 7762 and hold for lower prices
Precious Metals
Dec Gold
Resistance should appear at the 657.7 to 659.1 region .. Beyond that 665.9 to 667.3 cap a rally
Support is at 635.0 to 633.7 , a close under is negative and augurs for a test of 619 to 616.5
Sept Copper
Resistance should appear near 37950 to 38060 .. beyond that 39090 to 39290 should bring out sellers
Support should appear near 33860 to 33760, a close under augurs for a test of 31020 to 30920
Sept Silver
Resistance should appear near 1164.0 to 1169.0 and 1192.0 to 1203.0
Support is at 1136.0 to 1130.0 and 1101.00 to 1092.00
The Exciting Energies
Sept Crude oil
Resistance should appear near 7486 to 7513 and 7587 to 7601
Support should appear near 7342 to 7328 and 7255 to 7242
Sept Unleaded gas
Resistance should appear near 22190 to 22260 and 22650 to 22750 ..
Support should appear near 21850 to 21700 and 20890 to 20800
Sept Heating Oil
Support should appear near 19960 to 19820 and 19530 to 19460
Resistance should appear near 2080 to 20890 .. Beyond that sellers should appear near 21260 to 21340
The Lively Livestock
Oct Cattle
Support should appear near the 8777 to 8762 and 8682 to 8667
Resistance is at 8932 to 8967 and the 9042 to 9062 region.. Which should cap a rally .
.BW Traders can sell at 9037 and hold for lower prices..
Oct Hogs
Recommended open positions short at 6247
Resistance is at 6257 to 6272 and the 6337 to 6357 region
Support should appear near 6117 to 6102 and 6037 to 6022
Dec Hogs
Resistance is at 6022 to 6037 and the 6102 to 6117 region
Support should appear near 5957 to 5942 and 5882 to 5852
August Pork Bellies
Resistance should appear near 8857 to 8872 and 9042 to 9062 .
Support is at 8777 to 8762 and 8682 to 8667 .
The Grande’ Grains
Nov Soybeans
Resistance at 602 ¼ to 603 ½ and 610 ¼ to 611 ¼ .
Support should appear near 595 ¾ to 594 ½.. Below that buyers should appear near 580 ½ to 579 ¼ which should contain a decline.
Dec Soymeal
Resistance should appear near 173.1 to 173.8 and the 177.4 to 178.0 region..
BW Traders can sell at 177.3 and risk a close over 182.7 for three days in a row.,
Support should appear near 165.5 to 164.2 and the 161.5 to 160.9 region..
Dec Bean Oil
Recommended open position Short at 2757
Resistance should appear near 2758 to 2775. and 2820 to 2829.
Support should appear near 2724 to 2716 and 2672 to 2663
Dec Corn
Resistance should appear near 261 1/4 to 262 and the 266 1/4 to 267 1/4 region
Support is at 251 3/4 to 251 1/4 and the 246 3/4 to 246 1/4 region
Dec Wheat
Resistance should appear near 423 3/4 to 424 and 430 1/2 to 431 1/2
Support should appear near 412 to 411 and 405 3/4 to 404 3/4 .
BW Traders can buy at 405 3/4 and hold for higher prices..
Trade Accordingly
The Satisfying Softs
Dec ‘The Monster ' Coffee
Support should appear near 10135 to 10105 and the 10035 to 10020 region. ..
Resistance should appear near 10580 to 10680 and 10960 to 11010
Dec Cocoa
Support is at 1459 to 1453 and the 1421 to 1415 region
Resistance should appear near 1529 to 1535 and 1569 to 1576
Oct Sugar
Resistance should appear near 1529 to 1535 region.
Support should appear near 1459 to 1453
Dec Cotton
Support should appear near 5505 to 5490 and 5355 to 5345 .
Resistance should appear near 5640 to 5655 and the 5715 to 5730 region.
A Ship in Harbor is Safe...But that is not what ships are built for -
Happy Trading !
Bill wil@futurescom.com
1-866-409-3890
Monday July 31st 2006
3:30 PM South Florida Beach Time
FuturesCom Investment Publications © copyright 1996 – 2006 all rights reserved Terms
THIS PUBLICATION IS SUBJECT TO REVISIONS AND 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 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.
BW Recommended Open Positions 7-31- 2006
Short Oct Hogs 6247
Short Dec Bean Oil 2757