National Futures and Financial Weekly Copyright 1997 by Consensus, Inc.
October 24, 1997 * * 1737 McGee, Kansas City, Mo. 64108 U.S.A. * * Up Dated Daily
Technical Corner
FORTUCAST
October 13, 1997 Barry Rosen *Grains, Fiber, Foods, Meats
NOVEMBER SOYBEANS: Beans have been getting mixed news from the USDA regarding
stocks and production. USDA's Quarterly Stocks report was bearish for beans, with old-crop
stocks counted at 132 mbu, well above trade expectations of 110 mbu. However, on October 10,
USDA delivered a bullish production estimate of 2.722 billion bushels, with a yield of 39.0 bushels
per acres.
ASPRAY'S GLOBAL TRADER
October 24, 1997 Thomas E. Aspray *World Stocks Drop After Hang Seng Plung Dollar Tests First Strong Support *Dollar Rallies Sharply Against Yen *STG Crosses Correct Sharply - Ouch!! *Dollar Weak Versus Canadian Dollar & Swiss Franc *Bonds Sharply Higher, But Stocks Close Very Weak
GREENWICH NATWEST FUTURES DAILY TECHNICAL RESEARCH
October 24, 1997 John J. Kosar
IOM DECEMBER S&P 500 INDEX: Short-term trend neutral, long-term trend up.
CBOT DECEMBER TREASURY BONDS: Short-term trend neutral, long-term trend up.
WESTFALIA INVESTMENTS TECHNICAL COMMENTS
October 23, 1997 Peter Cardillo
The U.S. deficit widened in August to $10.4 billion. The red ink continued to pile up as imports rose
6/10 of 1 percent, a record! Exports rose up 2/10 of 1 percent. The wider deficit was driven
substantially by a record imbalance with China.
THE WEEKLY RE-LAY
October 18, 1997 Eric S. Hadik *6900/DJIA--Part II...
OVERVIEW: Each week brings additional clues that a major top in the stock indices could be
forming...and additional profits to traders as a result. After closing out a $14,000 long trade, traders
reversed to short the S&P at 981.35/SPZ and finished the week with open gains of over $16,000
per contract.
VIEWPOINT TECHNICAL OUTLOOK
October 23, 1997 Gregory P. Fortuna DECEMBER BONDS:
S&P 500:
DOLLAR/DEUTSCHEMARK:
DOLLAR/JAPANESE YEN:
Copyright 1997, by Consensus Inc. All American and Pan American
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