February 8, 2000

Volume 35, Issue 6

www.marketvane.net

Market Vane's

Bullish Consensus®

Market Vane's
Bullish Consensus®
Since 1964

Richard A. Ishida       Editor

Market Vane Corporation
PO Box 90490
Pasadena, CA. 91109-0490
Phone (626) 395-7436
Fax (626) 795-7654
E-mail:  marketvane@earthlink.net


Contents:
Title page
Page two
Database
Charts

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Silver futures are rising to test overhead resistance. The Daily BC hovers well above the oversold area. OI is up 2 percent from last week. Signals are neutral/bullish short term. The intermediate trend is bullish/neutral.
Platinum futures are rising in search of overhead resistance. The Daily BC hovers within the overbought window. OI is up 16 percent from last week. Signals are cautiously bullish/neutral short term. The intermediate trend is overbought and warns of a corrective decline.

Copper futures are declining to test short term support. The Daily BC declines within the overbought window. OI is up 7 percent from last week. Signals are Bearish short term. The intermediate trend is bearish/neutral.

Currencies

Japanese Yen futures declined from a test of short term overhead resistance. The Daily BC hovers well below the overbought area. OI is down 4 percent from last week. Signals are bearish/neutral short term. The intermediate trend is bearish/neutral as well.
Deutsche Mark futures are moving sideways/lower in search of support. The Daily BC declined moderately above the oversold window. OI is up 1 percent from last week. Signals are neutral short term. The intermediate trend is bearish/neutral.
Swiss Franc futures are moving sideways/lower in search of support. The Daily BC declined into the high end of the oversold window. OI is up 12 percent from last week. Signals are cautiously bearish neutral short term. The intermediate trend is cautiously

bearish/neutral as well.
British Pound futures are consolidating the most recent rally. The Daily BC hovers within the overbought window. OI is up 19 percent from last week. Signals are bearish/neutral short term. The intermediate trend is bearish/neutral as well.
Canadian Dollar futures are moving sideways/higher in search of overhead resistance. The Daily BC rose to a new 12 month high. OI is up 13 percent from last week. Signals still advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of a corrective decline.

Dollar Index futures are moving sideways/higher to test overhead resistance. The Daily BC hovers within the overbought window. OI is down 28 percent from last week. Signals are bullish/neutral short term. The intermediate trend is neutral/bullish.

Energy Complex

Crude Oil futures are consolidating the recent rally. The Daily BC hovers within the overbought area. OI is down 6 percent from last week. Signals advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of another corrective decline.
Heating Oil futures are consolidating the recent rally. The Daily BC hovers within the overbought area. OI is up 2 percent from last week. Signals advise some caution for recent Bulls short term. The intermediate trend is overbought and warns of another corrective decline.
Unleaded Gas futures are

(Continued on page 2)

Stock Market

S&P 500 futures are declining to test support. The Daily Bullish Consensus (BC) declined moderately below the neutral area. Total Open Interest (OI) is down 1 percent from last week. Signals are neutral short term. The intermediate trend is bearish/neutral.
Interest Rates

T-Bond futures are rising to test short term overhead resistance. The Daily BC hovers within the oversold window. OI is up 11 percent from last week. Signals are bullish/neutral short term. The intermediate trend is cautiously bullish/neutral.
Eurodollar futures are moving sideways/higher to test short term overhead resistance. The Daily BC stalls within the oversold area. OI is about unchanged from last week. Signals are neutral short term. The intermediate trend is cautiously bullish/neutral.

Metals

Gold futures are moving sideways/higher to test overhead resistance. The Daily BC rose well below the neutral area. OI is down 6 percent from last week. Signals are neutral short term. The intermediate trend is neutral/bullish.