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Archived S & P Daily Reports

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

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The week in review - 03/03/03 - 03/07/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 03-03-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
844.30 newly developed day channel and 844.50 peak also 845.80 and 847 minor weekly channels and top (very major area) / 850.10 minor day channel and 850.20 GBX weekly top also 853.40 weekly top and 854.70 monthly closing price (very major area) / 860.30 weekly closing price and 861 day top also 863.90 weekly top (major area) / 865.50 minor day channel also 866.60 GBX top and 867.80 weekly top (very major area) / 882.50 day top to 883 day gap and 885.50 GBX top (very major area).
 
Support:  For the March contract -
837.50 intra-day channel also 836.70 bottom and 836.40 day channel (major area) / 830.50 base and 829.10 minor day channel (major area) / 826.70 and 825.50 day bottoms also 822.90 weekly channel (very major area) / 817 weekly bottom (major area) / 813.70 day bottom and 811.60 long-term weekly channel also 810.30 long-term day channel (very major area) / 805.30 weekly bottom and 801.70 day gap (major area).
 
Comments: 
    The closing price on Friday kept the chart in neutral condition inside two neutral ranges.  The first neutral range is between 847 - 836.40, and a wider neutral range between 850.10 and 822.90.  A trade above the 850.10 and 854.70 area will be considered a breakout for higher prices to develop.  A trade below 822.90 will fail the major support for lower prices to develop.  Remain defensive inside the first neutral range between 847 and 836.40.
           
Day trades:  For the March contract -
 
Aggressive traders can sell rallies near 847 - 850.10 area for obj. near 840 - 838 area and possibly near 836.40.  (Use a buy stop and rev. long at 855.70).
 
Aggressive traders can buy dips near 838 - 836.40 area for obj. near 843 - 844 area and possibly near 846.  (Use a sell stop and rev. short at 833.40).
 
Buy stop at 855.70 for obj. near 858.50 - 860 area and possibly near 861.
Buy stop at 868.70 for obj. near 876 - 878 area.
 
Sell stop at 833.40 for obj. near 831.50 - 830.50 and possibly near 829.
Sell stop at 819 for obj. near 817 - 814 area and possibly near 812.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
 

Bulletin - Originally sent 03/03/03 (11:14 am est)

Short positions were taken at 848.  The sell-off down to 840.10 meets the obj. and completes the trade.

Bulletin - Originally sent 03/03/03 (1:58 pm est)

The sell-off brought prices down to 839.20 putting traders into long positions.  The obj. still remains at 843 area.

Bulletin - Originally sent 03/03/03 (2:09 pm est)

Long positions were taken at 839.20.  The rally up to 842.50 is near enough to the 843 obj. to complete the trade.

Bulletin - Originally sent 03/03/03 (2:17 pm est)

NOTE:  The market is trading at the 838 - 837.50 area again and can still be considered a buying area for the trade to be repeated due to the fact that 836.40 is the major support. 

Traders holding long positions can look for obj. near 843 - 844 area, using the sell stop and rev short at 833.40 

Results:    03/03/03

Sold @ 848                Bought @ 840.10          = + $1,975.00
Bought @ 839.20        Sold @ 842.50             = + $   825.00
Sold @ 833.40            Bought @ 832.40         = + $   250.00
TOTAL (P & L)                                                 + $3,050.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 03-04-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
836 peak and 836.50 intra-day channel also 837.30 and 837.50 peaks (major area) / 842.50 and 844.80 and peaks (major area) / 850.10 newly developed day channel (very major area) / 852.50 day top also 853.40 weekly top and 854.70 monthly closing price (very major area) / 860.30 weekly closing price and 861 day top also 863.30 minor day channel and 863.90 weekly top (major area) / 866.60 GBX top and 867.80 weekly top (very major area) / 882.50 day top to 883 day gap and 885.50 GBX top (very major area).
 
Support:  For the March contract -
834.80 minor day channel (major) / 830.30 minor day channel (major) / 826.70 and 825.50 day bottoms (major area) / 824.30 day channel and 822.80 weekly channel (very major area) / 817 weekly bottom (major) / 813.70 day bottom and 811.60 long-term weekly channel also 810.50 long-term day channel (very major area) / 805.30 weekly bottom and 801.70 day gap (major area) / 891.50 rev. peak (major area).
 
Comments: 
    The sell-off on Monday from the resistance area proved the significance of the resistance but managed to remain inside the neutral area.  A trade today above the 850.10 channel and 853.40 weekly top can prove to be significant enough to stimulate a possible new uptrend.  A trade today below 830.30 is slightly bearish but a trade below 824.30 and 822.80 will fail the major support for lower prices to follow.  Remain defensive inside the 850.10 - 824.30 neutral range.
               
Day trades:  For the March contract -
 
Aggressive traders can sell rallies near 836 - 836.50 and buy dips near 832 - 830.30 area, whichever side comes first to complete the trade.  (Use a protective buy stop at 838.70.  Do not rev. long).  (Use a protective sell stop at 829.70.  Do not rev. short).
 
Aggressive traders can sell rallies near 848 - 850 for obj. near 844 - 842 area.  (Use a buy stop and rev. long at 855.70).
 
Buy stop at 855.70 for obj. near 858.70 - 860.30 area and possibly near 863.
Buy stop at 871 for obj. near 875 - 878 area.
 
Sell stop at 819 for obj. near 815 - 812 area.
Sell stop at 807 for obj. near 805 - 801.70 gap area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/04/03 (9:52 am est)

Short positions were taken at the opening at 834.90.  The sell-off down to 831 completes the trade.

Results:    03/04/03

Sold @ 834.90            Bought @ 831         = + $   975.00
TOTAL (P & L)                                             + $   975.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 03-05-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
822.70 peak and 823.40 intra-day channel also 824.50 and 824.80 peaks (major area) / 830.80 peak and 832.50 peak (major area) / 834.90 day top and 835.40 day gap also 836 peak (very major area) / 840.90 weekly and monthly closing price (major area) / 847.20 weekly closing price and 848 day channel (very major area) / 852.50 and 853.40 weekly tops also 854.70 monthly closing price (very major area) / 860.30 weekly closing price and 861 day top also 861.50 minor day channel and 863.90 weekly top (major area) / 866.60 GBX top and 867.80 weekly top (very major area).
 
Support:  For the March contract -
819.80 minor day channel and 817.30 rev. channel also 817 weekly bottom (very major area) / 814.70 monthly channel and 813.70 day bottom and 811.60 long-term weekly channel also 811 long-term day channel (very major area) / 805.30 weekly bottom and 801.70 day gap (major area) / 791.70 rev. peak (major) / 784.70 major monthly channel (very major area).
 
Comments: 
    The sell-off on Tuesday brought prices below the major weekly channel, putting the chart in neutral to bearish territory.  A trade above 830.80 and 835.40 areas are slightly bullish but only a trade above 848 and 852.50 area can bring any solid bullishness back to the chart.  A trade below 819.80 and 817 area is bearish but a trade below 814.70 and 811 will confirm the downtrend intact for lower prices to follow.  Remain defensive inside the 823.40 and 819.80 narrow neutral range.
 
Day trades:  For the March contract -
 
Aggressive traders can sell rallies near 822 - 823.40 area or buy dips near 820.50 - 819.80 area, whichever side comes first to complete the trade.  (Use a protective buy stop at 825.70.  Do not rev. long).  (Use a protective sell stop at 816.70.  Do not rev. short).
 
Buy stop at 831 for obj. near 835 - 836 area.
Buy stop at 838 for obj. near 840 - 841 area.
Buy stop at 844 for obj. near 847 - 848 area.
 
Sell stop at 809 for obj. near 805 - 801.70 gap area.
Sell stop at 798 for obj. near 793 - 791.50 area.
Sell stop at 789 for obj. near 785.70 - 784.70 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/05/03 (9:43 am est)

The short positions was missed with a high of 821.50.  Long positions were taken at 820.  The rally up to the double top at 821.30 is considered near enough to the obj. of 822 to complete the trade. 

Results:    03/05/03

Bought @ 820          Sold @ 821.30         = + $   325.00
TOTAL (P & L)                                           + $   325.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 03-06-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
830.80 and 832.50 peaks (major area) / 834.90 day top and 835.40 day gap also 836 peak (very major area) / 840.90 weekly and monthly closing price (major area) / 845.50 day channel and 847.20 weekly closing price (very major area) / 850.50 minor day channel (major) / 852.50 weekly top also 853.40 weekly top and 854.70 monthly closing price (very major area) / 859.50 minor day channel and 860.30 weekly closing price also 861 day top and 863.90 weekly top (very major area) / 866.60 GBX top and 867.80 weekly top (very major area) / 882.50 day top to 883 day gap also 885.50 GBX top (very major area).
 
Support:  For the March contract -
825.40 (major) / 822 intra-day channel and 819.50 day channel (very major area) / 818.50 day bottom and 817 weekly bottom (major area) / 814.70 monthly channel and 813.70 day bottom also 811.60 long-term weekly channel and 811.50 long-term daily channel (very major area) / 805.30 weekly bottom and 801.70 day gap (major area) / 791.70 rev. peak (major) / 784.70 long-term major monthly channel (very major area).
 
Comments: 
    The rally on Wednesday from the major support proves the significance of the area but the market continues to remain inside a neutral trading range between 836 and 822.  A trade above 836 is slightly bullish but only a trade above 845.50 and 850.50 areas can bring any solid bullishness back to the chart.  A trade below 822 is bearish for prices to challenge the 814.70 monthly channel.  A trade below 811.60 can bring prices down near the 784.70 monthly channel support.  Remain defensive inside the 836 - 822 neutral range.
   
Day trades:  For the March contract -
 
Aggressive traders can buy dips near 824 - 822 area for obj. near 828 - 830 area.  (Use a protective sell stop at 816.  Do not rev. short).
 
Aggressive traders can buy  dips near 815 - 812 area for obj. near 819 - 821.  (Use a sell stop and rev. short at 808.70).
 
Aggressive traders can sell rallies near 834 - 836 area for obj. near 830 - 828 area.  (Use a buy stop and rev. long at 838).
 
Buy stop at 838 for obj. near 840 - 841 area and possibly near 844.
Buy stop at 855.50 for obj. near 858.50 - 860.50 area.
 
Sell stop at 808.70 for obj. near 805 - 801.70 area.
Sell stop at 798 for obj. near 793 - 791.70 area.
Sell stop at 789 for obj. near 785.70 - 784.70 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/06/03 (9:48 am est)

Long positions were taken at 823.  Since the market traded below the 822 support, it is recommended to exit near 824.50 and take profits.  It is possible for the market not to meet the obj. at 828.

Results:    03/06/03

Bought @ 823          Sold @ 824.50         = + $   375.00
TOTAL (P & L)                                           + $   375.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 03-07-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
822.70 intra-day channel also 822.50 and 823 peaks also 823.30 day channel (major area) / 824.40 intra-day channel also 824.50 and 825.50 peaks (major area) / 827 and 827.30 peaks also 828.50 minor day channel (very major area) / 829.90 day top and 830.60 GBX top (major area) / 834.90 day top to 835.40 day gap also 836.60 GBX top (major area) / 840.90 weekly and monthly closing price and 843 major day channel (very major area) / 847.20 weekly closing price and 849.50 minor day channel (major area) / 852.50 and 853.40 weekly tops also 854.70 monthly closing price (very major area) / 860.30 weekly closing price and 861 day top also 863.90 weekly top (very major area) / 866.60 GBX top and 867.80 weekly top (very major area). 
 
Support:  For the March contract -
820.50 minor day channel also 819.50 and 818.50 day bottoms also 817 weekly bottom (very major area) / 814.70 monthly channel and 813.70 day bottom also 812 long-term daily channel and 811.60 long-term weekly channel (very major area) / 805.30 weekly bottom and 801.70 day gap (major area) / 791.70 rev. peak (major) / 784.70 long-term major monthly channel (very major area) / 776.90 lowest day session closing price (major area) / 767.50 major weekly bottom (very major area) / 758.30 monthly down channel (very major area) / 747.20 and 736.80 are the long-term major monthly channels (very major area).
 
Comments: 
    After considering the minor key reversal to the downside made on Monday and a sell-off again on Thursday from the resistance makes the chart technically bearish.  The market is now facing a major support area at 814.70 and 811.60.  A failure below this area can bring prices down to challenge the 805.30 bottom and also the 784.70 monthly channel. A failure to hold above the 784.70 can possibly bring prices down near the 758.30, 747.20 and 736.80 monthly channels, which technically should be considered a long-term major buying area.  A trade today above the 823.30 and 828.50 resistance is slightly bullish but only a trade above the 843 and 849.50 areas can bring any solid bullishness back to the chart.  Remain defensive inside the 823.30 - 828.50 resistance and 814.70 - 811.60 support area, which is the neutral trading range at this time.
       
Day trades:  For the March contract -
Aggressive traders can sell rallies near 822 - 823.30 area and if possible near 827 for obj. near 816.50 - 814.70 area and possibly near 811.60.  (Use a buy stop and rev. long at 831.30).
 
Very aggressive traders can attempt long positions near 816.50 - 814.70 area and if possible near 811.60 for obj. near 818.50 - 821 area.  (Use a sell stop and rev. short at 808.50).
 
Buy stop at 831.30 for obj. near 834 - 836 area.
Buy stop at 838 for obj. near 840.50 - 843 area.
Buy stop at 845 for obj. near 847 - 849 area.
 
Sell stop at 808.50 for obj. near 805.30 - 801.70 bottom and gap area.
Sell stop at 798 for obj. near 793 - 791.70 area.
Sell stop at 788.50 for obj. near 785.50 - 784.70 area.
Sell stop at 781 for obj. near 777 and possibly near 772.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/07/03 (9:43 am est) 

Long positions were taken at 811 on the opening.  Since the market traded below the 811.60 support the obj. is going to change from 818.50 - 821 area to 814 - 816 area.  Continue to use a sell stop and rev. short at 808.50.

Bulletin - Originally sent 03/07/03 (10:28 am est) 

Short positions were taken at 822.50 and 827 on this rally.  The sell-off down to 820.20 is significant enough to consider taking profits.  Exit all short positions at the market and take profits.

Results:    03/07/03

Bought @ 811         Sold @ 814              = + $   750.00
Sold @ 822.50        Bought @ 820.20      = + $   575.00
Sold @ 827             Bought @ 820.20      = + $1,700.00
TOTAL (P & L)                                           + $3,025.00
 
The week in review - 03/10/03 - 03/14/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 03-10-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
828.40 and 829.40 minor day channels also 830 day top and 830.60 GBX top (major area) / 834.90 day top to 835.40 day gap and 836.60 GBX top (major area) / 840.40 major day channel and 840.50 weekly channel also 840.90 weekly and monthly closing price (very major area) / 847.20 weekly closing price and 849.20 minor day channel also 849.50 minor weekly channel (very major area) / 852.50 and 853.40 weekly tops also 854.70 monthly closing price (very major area) / 860.30 weekly closing price and 861 day top also 863.90 weekly top (major area) / 866.60 GBX top and 867.80 weekly top (very major area) / 882.50 day top to 883 day gap and 885.50 GBX top (major area) / 889 long-term major day channel and 891.80 long-term major weekly channel (very major area).
 
Support:  For the March contract -
827.50 intra-day channel and 826.50 base (major area) / 822.50 base and 822 intra-day channel also 821.80 day session closing price (very major area) / 818.80 and 818.50 base area also 817.70 and 816.50 base area (major area) / 811 newly developed weekly channel also 809.40 newly developed day channel and 809 weekly bottom (very major area) / 805.30 weekly bottom and 801.70 day gap (major area) / 791.70 rev. peak (major) / 784.70 long-term major monthly channel (very major area) / 776.90 lowest day session closing price (major area) / 767.50 major weekly bottom (very major area).
 
Comments: 
    The rally on Friday from the support area was significant but managed to close down for the week and remain inside the neutral trading area leaving the chart neutral to slightly bearish.  A trade above 840.50 is slightly bullish and a trade above 849.50 - 852.50 will be considered a breakout for higher prices to follow.  A trade today below 822.50 - 818.80 area is bearish and a trade below 811 - 809 area can bring prices down to challenge the 784.70 monthly channel.  Remain defensive inside the 840.50 - 818.80 trading range until a breakout is seen to either side of the 852.50 - 811 major trading range..
           
Day trades:  For the March contract -
 
Aggressive traders can buy dips near 822 - 818.80 area for obj. near 826 - 827.50 area.  (Use a sell stop and rev. short at 814.80).
 
Aggressive traders can sell rallies near 827.50 - 828.50 area for obj. near 823 - 821.80 area.  (Use a buy stop and rev. long at 832.70).
 
Aggressive traders can sell rallies near 840 - 841 area for obj. near 836 - 834 area.  (Use a buy stop and rev. long at 843.90).
 
Sell stop at 814.80 for obj. near 812 - 809.40 area.
Sell stop at 798 for obj. near 793 - 791.70 area.
Sell stop at 788.70 for obj. near 785.70 - 784.70 area.
 
Buy stop at 832.70 for obj. near 835.40 gap - 836 area.
Buy stop at 843.90 for obj. near 847 - 849 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/10/03 (10:50 am est)

Sell stops were hit at 814.80, putting traders into short positions.  This area seems to be proving support because of the 811 major upper channel line on both the weekly and daily charts.  Short positions are becoming risky at this level.  It is recommended for short positions to exit the trade and cut losses.  The market is trading at 815 at this time.

Results:    03/10/03

Bought @ 820.20       Sold @ 814.80        = -  $1,475.00
Sold @ 814.80           Bought @ 814.80    =    $     -0-    
TOTAL (P & L)                                            -  $1,475.00
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 03-11-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
810 and 811.50 intra-day channels also 813 peak (major area) / 815, 816.80, 817.20 and 818.30 intra-day peaks also 816.60 and 818.40 day channels (very major area) / 823.30 day top (major) / 827 minor day channel and 828.60 weekly closing gap also 830 day top (very major area) / 834.90 day top to 835.40 day gap and 836.60 GBX top (major area) / 838.40 minor day channel and 840.50 weekly channel also 840.90 weekly and monthly closing price (very major area) / 847.20 weekly closing price and 848.10 minor day channel also 849.50 minor weekly channel (very major area) / 852.50 and 853.40 weekly tops also 854.70 monthly closing price (very major area).
 
Support:  For the March contract -
805.70 and 805.30 double bottom area to 801.70 day gap also 801 minor down channel (very major area) / 791.70 rev. peak (major) / 784.70 long-term monthly channel (very major area) / 776.90 lowest day session closing price (major area) / 767.50 major weekly bottom (very major area) / 758.30 monthly down channel (very major area) / 747.20 and 736.80 are the long-term major monthly channels (very major area).
 
Comments: 
    The sell-off on Monday proved the bearishness in the chart formation as described in Monday's comments leaving the chart at the double bottom support and defensive for lower prices to develop.  The bottom support can stimulate some rallies but does not necessarily mean it will hold as a major support.  Only a trade above the 828 - 830 area and again above 840.50 can reverse the momentum and bring any bullishness back to the chart.  A trade below the 805.30 - 801 area can bring prices down to challenge the 784.70 monthly channel support and possibly lower.  Remain defensive inside the 818.40 - 801 trading range.
               
Day trades:  For the March contract -
 
Aggressive traders can sell rallies near 810 - 813 area for obj. near 806 - 805.30 and possibly near 801.70 gap.  (Use a protective buy stop at 814.  Do not rev. long).
 
Aggressive traders can sell rallies near 816 - 818 area for obj. near 813 - 811 area and possibly near 810.  (Use a buy stop and rev. long at 821).
 
Buy stop at 821 for obj. near 824 - 826 area and possibly near 828.
Buy stop at 831.70 for obj. near 834.70 - 836 area and possibly near 838 - 840 area.
 
Sell stop at 798 for obj. near 794 - 791.70 area.
Sell stop at 788.70 for obj. near 785.70 - 784.70 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/11/03 (10:24 am est)

Short positions were taken at 810 - 813 area.  The sell-off down to the double bottom at 807.80 - 808 area completes the trade. 

NOTE:  The market continues to remain in bearish territory.  Aggressive traders can continue selling rallies anywhere between 813 and 818 area. 

Bulletin - Originally sent 03/11/03 (10:31 am est)

Short positions were taken again at 812.50.  The sell-off down to 809 seems worthy enough to take profits and complete the trade.

Results:    03/11/03

Sold @ 811               Bought @ 808        = + $   750.00
Sold @ 812.50          Bought @ 809         = + $   875.00
TOTAL (P & L)                                           + $1,625.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 03-12-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
800.70 day channel (major) / 804.50 intra-day channel and 805 peak and 805.70 day channel (very major area) / 807.70 intra-day channel and peak (major area) / 810.80 peak and 813 minor day channel also 814.50 day top (major area) / 818.60 day channel with GBX prices (very major area) / 823.30 day top and 825 minor day channel (major area) / 828.30 GBX top and 828.60 weekly closing gap also 830 day top (very major area) / 834.90 day top and 835.40 day gap also major day channel (very major area) / 840.50 weekly channel and 840.90 weekly and monthly closing price (very major area).
 
Support:  For the March contract -
793.30 minor day channel and 791.70 rev. peak (major area) / 784.70 long-term monthly channel (very major area) / 776.90 lowest day session closing price and 772.50 major daily down channel (very major area) / 769.20 major weekly down channel and 768.50 major daily down channel also 767.50 major bottom (very major area) / 758.30 monthly down channel (very major area) / 747.20 and 736.80 are the long-term major monthly channels (very major area).
 
Comments: 
    The sell-off on Tuesday materialized as expected because of the bearish condition.  The close below the 801.70 gap area leaves the chart bearish for prices to possibly test the 784.70 support area.  A trade below 784.70 can bring prices down to the 769.20 - 767.50 area and possibly near the 758.30 - 747.20 support area.  A trade today above 805.70 will challenge the 813 and 818.60 resistance.  Only a trade above 818.60 and 825 can bring any bullishness back to the chart.  Remain defensive inside the 805.70 and 791.70 trading range.    
 
Day trades:  For the March contract -
 
Aggressive traders can sell near 800 - 803 area and if possible near 805.50 for obj. near 794 - 791.70 area.  (Use a protective buy stop at 808.70.  Do not rev. long).
 
Aggressive traders can sell rallies near 812 and if possible near 815 - 817 area for obj. near 808.50 - 805.50 area and possibly near 802.  (Use a buy stop and rev. long at 821.60).
 
Buy stop at 821.60 for obj. near 823.30 - 825 area.
Buy stop at 831 for obj. near 834 - 836 area.
 
Sell stop at 788.70 for obj. near 785.70 - 784.70.
Sell stop at 781 for obj. near 777 - 775 area and possibly near 772.50 - 768.50 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 3/12/03 (10:44 am est)

Short positions were taken at 801.  The sell-off down to 794 completes the trade.

Bulletin - Originally sent 03/12/03 (1:43 pm est)

The sell stop was hit at 788.70 putting traders into short positions.  The market is proving to have support at this level being that the major support is at 784.70 and can stimulate some rallies. 

It is recommended for traders to exit the short position at the market and cut losses.  The market is trading at 789 at this time.

Results:    03/12/03

Sold @ 801               Bought @ 794         = + $1,750.00
Sold @ 788.70          Bought @ 789.70     = -  $   250.00
TOTAL (P & L)                                           + $1,500.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 03-13-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the March contract -
807.50 day channel also 807.70 and 810.80 peaks (major area) / 813.80 day channel and 814.50 day top (very major area) / 822.10 and 823.30 minor day channels also 823.30 day top (major area) / 828.30 GBX and 828.60 weekly closing gap also 830 day top (very major area) / 833.10 major day channel and 834.90 day top also 835.40 day gap and 836.60 GBX top (very major area) / 840.50 weekly channel and 840.90 weekly and monthly price (very major area) / 847 minor day channel and 847.20 weekly closing price also 852.50 weekly top (very major area).
 
Support:  For the March contract -
803 rev. channel and 801 intra-day channel (major area) / 796 and 794.70 base area (major area) / 791.20 base and 788.50 bottom (very major area) / 784.70 long-term monthly channel (very major area) / 776.90 lowest day session closing price (major) / 771 major daily down channel and 767.50 major bottom also 766.50 daily down channel (very major area) / 758.30 monthly down channel (very major area) / 747.20 and 736.80 are the long-term major monthly channels (very major area).
 
Comments: 
    The recovery rally from the major support area removed the bearishness out of the chart leaving it neutral inside a wide trading range between 833 and 771.  The first neutral range between 813 and 801 is important as well as the 823.40 and 796 neutral range.  The market remains very defensive and subject to a wide trading range and volatile whiplashing.  Conservative traders should step aside and wait for signals of solid direction.
   
Day trades:  For the March contract -
 
If the market opens above 813, aggressive traders can sell rallies near 820 - 823 area for obj. near 813 and possibly near 811.  (Use a buy stop and rev. long at 824.70).
 
If the market opens below 813, aggressive traders can sell rallies near 813 for obj. near 806 - 804 area and possibly near 801.  (Use a protective buy stop at 815.  Do not rev. long).
 
Buy stop at 824.70 for obj. near 827 - 829 area and possibly near 833.
 
Sell stop at 798 for obj. near 796 - 794.70 area.
Sell stop at 789 for obj. near 786 - 784.70 area. 
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/13/03 (9:43 am est)

The rally up to 819 is a double top on the intra-day scale, where short positions were taken.  The obj. still remains at 813 - 811 area and the buy stop and rev. long still remains at 824.70.

Bulletin - Originally sent 03/13/03 (10:00 am est)

Short positions were taken at 818.50.  The sell-off down to 813.50 is near enough to the 813 obj. to complete the trade.

Bulletin - Originally sent 03/13/03 (2:29 pm est)

The buy stop was hit at 824.80 putting traders into long positions.  The market is showing some resistance at this level and could possibly prevent the 827 obj. to come to play.

It is recommended for traders to exit  the long position at the market and cut loses.  The market is trading at 823.80 at this time.

Results:    03/13/03

Sold @ 818.50                Bought @ 813.50         = + $1,250.00
Bought @ 824.50            Sold @ 824                  = -  $  125.00     sold as per bulletin
TOTAL (P & L)                                                      + $1,125.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 03-14-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
833.50 day top to 834.40 day gap (major area) / 840 weekly and monthly closing price also 840.50 weekly channel, which still reflects the March contract (very major area) / 845.10 and 846.50 minor day channels also 846.20 weekly closing price (very major area) / 849 weekly channel also 851 and 851.70 weekly tops also 853.70 and 854.70 monthly closing prices (very major area) / 860 day top and 861 weekly top (major area) / 866 weekly top (very major area) / 872 day top (major) / 878.20 monthly closing price and 882.10 day gap (very major area).
 
Support:  For the June contract -
829.50 day channel and 826.20 intra-day base (major area) / 823.30 and 820.80 intra-day base (major) / 817.20 and 816 intra-day base (major area) / 808.70 base and 808.50 day bottom to 804.40 day gap (very major area) / 795.50 base (major) / 790.50 base (major) / 787.50 day bottom and 784.70 long-term monthly channel, which still reflects the March contract (very major area).
 
Comments: 
    The rally on Thursday from the support area brought prices up near the very major resistance area found on the weekly chart at 840.50.  A trade above 846.50 area and a trade above 849 will be considered a breakout and can reverse the downtrend momentum to the upside.  A trade and close above 854.70 will confirm the uptrend momentum intact for higher prices to develop.  The June chart formation remains inside a wide trading range between 846.50 and 804.40 that can stimulate whiplashing to both sides until a breakout is seen to either side.
       
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 839 - 840 area and if possible near 845 for obj. near 832 - 829.50 area and possibly near 826.20.  (Use a buy stop and rev. long at 855.70).  (Conservative traders can use a protective buy stop at 852.  Do not rev. long).
 
Aggressive traders can buy dips near 829.50 - 826.20 for obj. near 833 - 834 area.  (Use a protective sell stop at 824.70.  Do not rev. short).
 
Aggressive traders can attempt long positions near 821.50 to 820.80 area, if it gets there, for obj. near 825 - 826 area and possibly near 828.  (Use a sell stop and rev. short at 814.70).
 
Buy stop at 855.70 for obj. near 858.50 - 861 area.
Buy stop at 869 for obj. near 872 and possibly near 878 area.
 
Sell stop at 814.70 for obj. near 811 - 808.50 area and possibly near the 804.40 gap.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
 

Bulletin - Originally sent 03/14/03 (10:16 am est)

Long positions were taken at 829.50 and the trade was complete when it met the obj. at 834. 

Short positions were now taken at 838.70, which was near enough to the 839 sell area.  (Continue using the sell stop and rev. long at 855.70).

Bulletin - Originally sent 03/14/03 (10:28 am est)

Short positions were taken at 838.70.  The sell off down to 833.50 is near enough to the 832 obj. and completes the trade.

Results:    03/14/03

Bought @ 829.50           Sold @ 834             = + $1,125.00
Sold @ 838.70               Bought @ 833.70     = + $1,250.00
TOTAL (P & L)                                                 + $2,375.00
The week in review - 03/17/03 - 03/21/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 03-17-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
834 intra-day channel also 834.80 weekly channel and 835.50 peak (major area) / 839 and 839.90 day channels also 841 day top (major area) / 844.20 and 846 minor day channels also 846.40 minor weekly channel (very major area) / 851 and 851.70 weekly tops also 853.70 and 854.70 monthly closing prices (very major area) / 860 day top and 861 weekly top (major area) / 866 weekly top (very major area) / 872 day top (major) / 878.20 monthly closing price and 882.10 day gap (very major area).
 
Support:  For the June contract -
829.60 base and 827 day bottom (major area) / 822 rev. peak (major) / 818 rev. peaks also 816 base (very major area) / 813.80 rev. peak and 808.50 day bottom (major area) / 804.40 day gap (very major area) / 795.50 base (major) / 790.50 base (major) / 788 newly developed day channel and 787.50 weekly bottom also 784.70 long-term monthly channel, which still reflects the March contract (very major area).
 
Comments: 
    The trading range and close of Friday left the chart in neutral condition between the 846 and 813.80 weekly trading range.  The 834 and 839 resistance can also be significant to stimulate retracements down to the 822 - 804.40 support area.  The neutral condition can stimulate whiplashing to both sides before a solid direction is seen.  A trade above 854.70 will be considered a breakout for higher prices to develop.  A trade below the 813.80 and 804.40 gap area can bring prices down to challenge the 784.70 major monthly support channel.  Remain defensive inside the 834 - 822 neutral area and the 846 - 804.40 weekly trading area.
           
Day trades:  For the June contract -
 
Aggressive traders can sell near 830 - 834 area for obj. near 823 - 822 area.  (Use a protective buy stop at 835.10.  Do not rev.long).
 
Aggressive traders can buy dips near 822 - 818 area for obj. near 828 - 831 area.  (Use a sell stop and rev. short at 815.70)
 
Aggressive traders can sell rallies near 837 - 839.50 area for obj. near 834 - 833 area.  (Use a protective buy stop at 841.  Do not rev. long).
 
Aggressive traders can sell rallies near 844 - 846 area for obj. near 837 - 835 area and possibly near 833.  (Use a buy stop and rev. long at 855.70).  (Conservative traders can use a buy stop at 848.30.  Do not rev. long).
 
Aggressive traders can buy dips near 814 - 813.80 area for obj. near 817 - 819 area.  (Use a protective sell stop at 810.80.  Do not rev. short).
 
Buy stop at 855.80 for obj. near 859 - 861 area.
Buy stop at 869 for obj. near 872 - 875 area.
 
Sell stop at 799 for obj. near 795.50 area and possibly near 788.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Results:    03/17/03

Sold @ 832                 Bought @ 835.10      = -  $   775.00
Sold @ 838                 Bought @ 833.50      = + $1,125.00
Sold @ 844                 Bought @ 839          = + $1,250.00
Bought @ 855.80         Sold @ 859              = + $   800.00
TOTAL (P & L)                                               + $2,400.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 03-18-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
866 weekly top (very major) / 872 day top (major) / 875 and 876 rev. base to 882.10 day gap (very major area) / 886.20 major weekly channel and 888.50 day top (very major area) / 902.40 weekly closing price and 904 weekly top (very major area) / 909.50 weekly channel (very major area).
 
Support:  For the June contract -
859.80 base and 859 intra-day channel also 858 base (major area) / 856 and 855 base (major area) / 852.50, 851.50 and 849.50 base areas (major area) / 844 and 841 rev. peak also 841 intra-day channel (very major area) / 838.30 day channel (very major area) / 833.30 day channel with GBX prices and 833.10 weekly closing price (very major area) / 825.60 day bottom and 821.90 GBX bottom (major area) / 813.80 rev. peak (major area) / 808.50 day bottom to 804.40 day gap (very major area).
 
Comments: 
    The rally and close on Monday brought prices above the major resistances putting the chart in bullish territory.  A trade above the 866 weekly top can bring prices up to challenge the 872 day top to 882.10 day gap area and possibly near the 886.20 major weekly channel resistance.  The 886.20 major resistance is a very significant area and the overbought conditions can prove to be significant enough to stimulate selling for retracements to the downside.  Only a trade below 833.10 today can bring any bearishness back to the chart.  Remain defensive inside the 872 - 841 neutral trading range.
               
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 866 and if possible near 870 - 872 area for obj. near 860 - 859 area.  (Use a buy stop and rev. long at 873.70).
 
Aggressive traders can buy dips near 859 - 858 area for obj. near 862 - 864 area.  (Use a sell stop and rev. short at 856).
 
Aggressive traders can buy dips near 841 - 839 area and if possible near 835 - 833.30 area for obj. near 845 - 847 area and possibly near 851.  (Use a sell stop and rev. short at 830).
 
Buy stop at 873.70 for obj. near 876 and possibly near 880 - 882.10 gap area.
 
Sell stop at 856 for obj. near 844 - 841 area and possibly near 839.
Sell stop at 830 for obj. near 826 - 825 area and possibly near 822.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/18/03 (9:46 am est)

 
Short positions were taken at 865.50.  The sell-off down to 860.20 is near enough to the 860 obj. to complete the trade.

Bulletin - Originally sent 03/18/03 (10:10 am est)

 
The sell-stop was hit at 856, putting traders into short positions.  The market is showing support at this area for traders to exit and cut losses.  The market is trading at 858 at this time.

Bulletin - Originally sent 03/18/03 (10:11 am est)

 
Aggressive traders can use a sell stop at 850 for an obj. near 844 - 841 area.

Bulletin - Originally sent 03/18/03 (10:51 am est)

 
The long positions taken at 858 is now complete with the rally at 863. 
 
Aggressive traders can attempt short positions again at 863 area for an obj. near 859 - 858 area.  (Continue to use a buy stop and rev. long at 873.70).

Bulletin - Originally sent 03/18/03 (10:59 am est)

 
Short positions were taken at 863.  The sell-off down to 859.50 is near enough to the 859 obj. to complete the trade.  It is not recommended to attempt long positions at the 859 area. 
 
Aggressive traders can now use a sell stop for short positions at 854 instead of 850.

Results:    03/18/03
Sold @ 865.50          Bought @ 860.50      = + $1,250.00
Bought @ 859           Sold @ 856              = -  $   750.00
Sold @ 856               Bought @ 858          = -  $   500.00
Bought @ 858           Sold @ 863              = + $1,250.00
Sold @ 863               Bought @ 859.50      = + $   875.00
TOTAL (P & L)                                             + $2,125.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 03-19-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
872 day top and 874.30 long-term major day channel also 875 and 876 rev. base (very major area) / 882.10 day gap (major) / 886.20 major weekly channel and 888.50 day top (very major area) / 902.40 weekly closing price and 904 weekly top (very major area) / 908 day top and 909.50 weekly channel (very major area) / 911.50 rev. base and 915.90 day gap (major area).
 
Support:  For the June contract -
860.30 base and intra-day channel (major area) / 859.20, 858.80 and 857.50 base also 856 day bottom (major area) / 851 day channel also 851.70 and 851 rev. peaks (very major area) / 844.80 day channel with GBX prices (very major area) / 841 rev. peak also 840 monthly closing price (major area) / 833 weekly closing price (very major area) / 825.60 day bottom and 821.90 GBX bottom (major area).
 
Comments: 
    The key reversal rally from last weeks support brought prices up to a very critical resistance area at 874.30, which is the major down channel on the daily chart, that can prove to be significant enough to hold back any further rallies.  A trade above 874.30 can bring prices up to challenge the 886.20 major weekly channel.  The overbought condition and the two major resistances can be solid enough to stimulate selling for a substantial retracement to the downside.  A trade above 886.20 - 888.50 area will be considered a breakout for higher prices to develop.  A trade today below 851 is slightly bearish but only a trade below 844.80 can bring any solid bearishness back to the chart.  Remain defensive inside the 874.30 - 851 trading range.
                   
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 867 - 870 area and if possible near 874.30 for obj. near 862 - 860.30 area.  (Use a buy stop and rev. long at 877.30).
 
Aggressive traders can buy dips near 853 - 851 area for obj. near 856 - 858 area.  (Use a sell stop and rev. short at 848).
 
Buy stop at 877.30 for obj. near 880 - 882.10 gap area and possibly near 886.20.
 
Sell stop at 857 for obj. near 853 - 851 area.
Sell stop at 848 for obj. near 845.50 - 844.80 area.
Sell stop at 838 for obj. near 835 - 833 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/19/03 (11:09 am est)

 
Short positions were taken at 868.50.  The double bottom sell-off at the 865 is showing signs of support at this time for traders to consider taking profits. 
Exit near 865.50 and take profits.

Results:    03/19/03
Sold @ 868.50            Bought @ 865.50      = + $   750.00
TOTAL (P & L)                                               + $   750.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 03-20-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
873.30 newly developed long-term major day channel and 874.50 day top also 875 and 876 rev. bases (very major area) / 882.10 day gap (major) / 886.20 major weekly channel and 888.50 day top (very major area) / 902 day channel and 902.40 weekly closing price also 903.10 weekly closing price (very major area) / 904 day top and 905.50 weekly top (major area) / 907.30 GBX weekly top and 908 day top also 909.50 weekly channel (very major area) / 932.50 weekly top and 936.50 GBX weekly top (very major area) / 944 long-term major weekly channel (very major area). 
 
Support:  For the June contract -
871.80 intra-day channel and 871.50 base (major area) / 867.20 base (major) / 864.40 minor day channel and 863.70 day channel also 862.70 base and 860.30 day bottom (very major area) / 857.50 base and 856.30 day channel with GBX prices also 856 day bottom (very major area) / 851.70 and 851 rev. peaks also 849.50 and  849 bases (major area) / 841 rev. peak also 840 monthly closing price (major area) / 833 weekly closing price (very major area) / 825.60 day bottom and 821.90 GBX bottom (very major area). 
 
Comments: 
    The follow-through rally on Wednesday managed to bring prices up to the major resistance at 874.50.  A trade above 874.50 can bring prices up to challenge the 882.10 gap and possibly near the 886.20 weekly channel resistance, which can prove to be significant enough to hold back any further rallies for a while.  A trade above the 886.20 - 888.50 area will be considered a breakout for higher prices to develop.  A trade today below 864.60 is slightly bearish but a trade below the 856.30 channel and 856 bottom can bring prices down to challenge the 851 rev. peak and possibly near the 841 - 840 monthly close.  Remain defensive inside the wide trading range between 886.20 and 856.30 area and also inside the neutral range between 882.10 gap and 864.60 channel support.
                       
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 879 - 882.10 gap area and if possible near 886.20 for obj. near 868.50 - 867.20 area and possibly near 864.60.  (Use a buy stop and rev. long at 891.70).
 
Aggressive traders can buy dips near 865 - 864.60 area and if possible near 863.70 for obj. near 867 - 868.50 area.  (Use a protective sell stop at 861.70.  Do not rev. short)
 
Aggressive traders can buy dips near 857.70 - 856.30 area for obj. near 860 - 862 area and possibly near 865.  (Use a sell stop and rev. short at 854.70).
 
Buy stop at 891.70 for obj. near 895 - 897 area and possibly near 902.
 
Sell stop at 869.50 for obj. near 865.50 - 864.60 area.
Sell stop at 854.70 for obj. near 851.70 - 851 area and possibly near 849.50.
Sell stop at 847 for obj. near 844 - 841.50 area and possibly near 841.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/20/03 (10:02 am est)

 
Short positions were taken on a sell stop at 869 this morning and completed with the sell-off down to 865.50. 
 
Long positions were taken at 864.60.  The double top at 866 proved to show resistance where long positions were liquidated and profits were taken.  Any traders still long in this positions can continue to use the protective sell stop at 861.70.

Bulletin - Originally sent 03/20/03 (10:33 am est)

 
The sell off down to 857.50 put traders into long positions.  The rally up to 859.80 is near enough to 860 and completes the trade.

Bulletin - Originally sent 03/20/03 (2:19 pm est)

 
The rally put traders into short positions at 879.  The sell-off down to 873 is worthy enough to take profits due to the chart formation at this time. 
 
Traders still holding short positions should exit near 875 and take profits. 

Results:    03/20/03

Sold @ 869                 Bought @ 865.50      = + $   875.00
Bought @ 864.60         Sold @ 866              = + $   350.00
Bought @ 857.50         Sold @ 859.50          = + $   500.00
Sold @ 879                 Bought @ 873.50      = + $1,375.00
TOTAL (P & L)                                               + $3,100.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 03-21-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
875.50 and 876 intra-day channels also 876.50 and 877 peaks (major area) / 878.10 newly developed day channel and 879.20 day top (very major area) / 882.10 day gap (major) / 886.20 major weekly channel and 888.50 day top (very major area) / 901 major day channel and 902.40 weekly closing price in the June contract also 903.10 weekly closing price on the weekly chart (very major area) / 904 day top and 905.50 weekly top (major area) / 907.30 GBX weekly top and 908 day top also 909.50 weekly channel (very major area) / 911.50 rev. base and 915.90 day gap (major area) / 924.50 day top and 926 weekly closing price (very major area) / 930.50 day top and 933.50 June's weekly top also 932.50 weekly charts top and 936.50 GBX weekly top (very major area).
 
Support:  For the June contract -
874 intra-day channel and 872 rev. major channel (major area) / 870.70 base and 869.40 newly developed day channel also 867.80 day channel with GBX prices (very major area) / 858.20 minor day channel and base also 857.50 and 856 day bottoms (major area) / 851.70 and 851 rev. peaks also 849.50 and 849 bases (major area) / 841 rev. peak and 840 monthly closing price (major area) / 833 weekly closing price (very major area) / 825.60 day bottom and 821.90 GBX bottom (very major area).
 
Comments: 
    The rally from the support area on Thursday brought prices up near a very critical resistance at 882.10 gap, 886.20 weekly channel and 888.50 top.  A trade above 886.20 - 888.50 area will be considered a breakout for higher prices.  It is possible for this resistance to hold back rallies and stimulate selling pressure for retracements down.  A  trade today below 869.40 and 867.80 is slightly bearish but a trade below 858.20 - 856 area can challenge the 849 - 840 area again.  Remain defensive inside the 886.20 - 867.80 trading range. 
                           
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 882.10 - 886.20 area for obj. near 872 - 869.40 area.  (Use a buy stop and rev. long at 892).
 
Aggressive traders can buy dips near 868.50 - 867.80 area for obj. near 870.50 - 871.50 area.  (Use a sell stop and rev. short at 864.80).
 
Aggressive traders can attempt long positions near 859 - 858.50 area for obj. near 862 - 864 area.  (Use a sell stop and rev. short at 854).
 
Buy stop at 892 for obj. near 895 - 898 area and possibly near 900.
 
Sell stop at 864.80 for obj. near 860 - 858.50 area.
Sell stop at 854 for obj. near 851 - 849.50 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/21/03 (10:04 am est)

 
Short positions were taken at 885.  The sell-off down to 779 is worthy enough for daytraders to take profits instead of waiting for 872. 
 
Aggressive traders can continue holding short positions for the 872 obj. is they wish.  The results will show profits taken at 880, which is where the market is trading at this time.

Bulletin - Originally sent 03/21/03 (10:19 am est)

 
This bulletin is provided for a long-term position trade.  Aggressive traders can attempt short positions in this 882 - 886 area and continue to use a protective buy stop at 892.  The obj. is for the market to have a 50% retracement, which can bring prices down to the 840 - 825 area.

Bulletin - Originally sent 03/21/03 (12:00 pm est)

 
Due to the significance of the 886.20 - 888.50 resistance the sell at 886 put traders into short positions again.  The obj. remains at 872 - 868 area.  Continue to use a buy stop and rev. long at 892. 

Bulletin - Originally sent 03/21/03 (1:07 pm est)

 
The buy stop was hit at 892 putting traders into long positions.  The market is showing resistance at this area and is stimulating a sell-off.
 
It is recommended to exit long positions at the market and cut loses.  The market is trading at 888 at this time.

Results:    03/21/03
Sold @ 885        Bought @ 880       = + $1,250.00
Sold @ 886        Bought @ 892       = -  $1,500.00
Bought @ 892    Sold @ 888           = -  $1,000.00     sold as per bulletin
TOTAL (P & L)                                  -  $1,250.00
The week in review - 03/24/03 - 03/28/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 03-24-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
895 newly developed day channel and 895.70 weekly top (major area) / 900.50 major day channel and 902.40 weekly closing price (very major area) / 904 day top and 906.50 weekly channel (very major area) / 908 day top and 909.40 weekly closing price (major area) / 911.50 rev. base and exhaustion gap (major area) / 915.90 day gap (major area) / 924.50 day top and 926 weekly closing price (very major area) / 930.50 day top and 933.50 June's weekly top also 932.50 weekly charts top (very major area) / 935.30 monthly closing price and 936.50 GBX weekly top also 939.50 long-term weekly channel (very major area) / 953.30 June contract's weekly top also 954.50 weekly charts major top (very major area).
 
Support:  For the June contract -
888.70 intra-day channel and base also 884.30 base (major area) / 881.20 day channel and 880.50 intra-day channel also 878.80 day channel and 877 rev. channel (very major area) / 876.50 day bottom also 874.80 day gap and 874.20 base (very major area) / 870.70, 869 and 865.50 base areas (major area) / 859.50 minor day channel also 857.50 and 856 day bottoms also 856.30 weekly channel (very major area) / 851.70 and 851 rev. peaks (major area) / 842 intra-day gap and 841 rev. peak also 840 monthly closing price (very major area).
 
Comments: 
    The rally and close on Friday brought prices up above the first major weekly channel, which is bullish but faces the next major resistance at 900.50 on the daily chart and 906.50 on the weekly chart that can prove to be significant enough to reverse the market for a retracement down.  A trade above 906.50 will be considered a breakout and can rev. the major trend to the upside.  A trade above 939.80 will confirm a reversal of the long term major trend to the up-side for higher prices.  A trade today below 881 - 876.50 area is bearish and can bring prices down near the 859.50 - 856 area again.  Remain defensive between the 895 - 881 neutral range and the 900.50 - 856.30 wide weekly charts range.
                               
Day trades:  For the June contract -
 
Aggressive traders can buy  dips near 879 - 876 area for obj. near 884 and possibly near 888 area.  (Use a sell stop and rev. short at 873).
 
Aggressive traders can sell rallies near 899 - 900.50 area and if possible near 902 area for obj. near 897 - 895 area.  (Use a buy stop and rev. long at 910).
 
Aggressive traders can buy dips near 859 - 856.30 area for obj. near 864 - 866 area.  (Use a sell stop and rev. short at 853.30).
 
Sell stop at 873 for obj. near 870.50 - 869 area.
Sell stop at 853.30 for obj. near 851 - 849.50 area.
Sell stop at 847 for obj .near 844 - 842 area and possibly near 840.
 
Buy stop at 910 for obj. near 911.50 - 914 area and possibly near 915.90 day gap.
Buy stop at 919 for obj. near 923 - 926 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Results:    03/24/03

Bought @ 876.50       Sold @ 873             = -  $   875.00
Sold @ 873               Bought @ 869.50     = + $   875.00
Bought @ 860.50       Sold @ 864             = + $   875.00
TOTAL (P & L)                                            + $   875.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 03-25-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
865.50 peak and 866.20 intra-day channel (major area) / 868.50 and 869.50 peaks also 870.80 peak (major area) / 873.90 and 875.50 peaks (major area) / 878.30 day top (very major area) / 885.70 GBX top (major) / 893.20 weekly closing gap and 895 weekly channel also 895.70 weekly top (very major area) / 900 major day channel and 902.40 weekly closing price (very major area) / 904 day top and 906.50 weekly channel (very major area) / 908 day top and 909.40 weekly closing price (major area) / 911.50 rev. base and exhaustion gap (major area) / 915.90 day gap (major) / 924.50 day top and 926 weekly closing price (very major area).
 
Support:  For the June contract -
860.50 day bottom and 860 minor day channel (major area) / 857.50 and 856 day bottoms also 856.30 weekly channel (very major area) / 851.70 and 851 rev. peak also 849.50 and 849 base (major area) / 842 base and 841 rev. peak also 840 monthly closing price (very major area) / 833.10 weekly closing price (major area) / 825.60 day bottom and 821.90 GBX bottom (very major area) / 813.80 rev. peak (major) / 818.50 day bottom and 804.40 day gap (very major area).
 
Comments: 
    The sell-off on Monday from the overbought condition and resistance area came to no surprise, bringing prices down near the major support area, which can now stimulate some buying for a bounce to the upside.  A trade below the major support at 856.30 - 856 area is bearish and can bring prices down to challenge the 851 and 841 support areas and possibly near 833.10.  A trade today above 868.50 is slightly bullish but a trade above the 878.30 top can bring prices up to challenge the 893.20 gap - 895 area and possibly near the 900 day channel.  A trade above 906.50 will be considered a breakout for higher prices to develop.  Remain defensive inside the 878.30 - 856 trading range.
                                   
Day trades:  For the June contract -
 
Aggressive traders can buy dips near 862 - 860 area and if possible near 856.30 for obj. near 866 - 868.50 area.  (Use a sell stop and rev. short at 853).
 
Aggressive traders can sell rallies near 875 - 878 area for obj. near 870.50 - 869.50 area.  (Use a buy stop and rev. long at 881.70).
 
Buy stop at 881.70 for obj. near 885.70 - 887 area and possibly near 890.
Buy stop at 910 for obj. near 914 - 915.90 gap area.
 
Sell stop at 853 for obj. near 851 - 849.50 area.
Sell stop at 846.50 for obj. near 842.50 - 841 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.
 

Bulletin - Originally sent 03/25/03 (11:50 am est)

 
Short positions were taken at 875.  The sell off down to 872 is showing some support at this time for traders to consider taking profits.  Exit short positions at the  market and take profits.  The market is trading at 872 at this time.

Results:    03/25/03
Bought @ 862        Sold @ 867            = + $1,250.00
Sold @ 875            Bought @ 872        = + $   750.00     bought as per bulletin
TOTAL (P & L)                                        + $2,000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 03-26-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
872.90 GBX channel also 873.50 intra-day channel and 875 peak (major area) / 877.80 intra-day gap and 879.30 day top (very major area) / 884.30 rev. base and 885.70 GBX top (major area) / 893.20 weekly closing gap and 893.40 day channel also 895.70 weekly top (very major area) / 889.10 major day channel and 902.40 weekly closing price (very major area) / 904 day top and 906.50 weekly channel (very major area) / 908 day top and 909.40 weekly closing price (major area) / 911.50 rev. base and exhaustion gap (major area) / 915.90 day gap (major) / 924.50 day top and 926 weekly closing price (very major area).
 
Support:  For the June contract -
869.70 day channel and 868.80 intra-day channel also 869.60 and 867.50 base (major area) / 863.60 day channel with GBX prices and 862.80 minor channel also 861.50 day bottom (very major area) / 856.30 weekly channel and 856 double bottom (very major area) / 851.70 and 851 rev. peaks and 849.50 base (major area) / 841.60 is the 50% retracement area also 840 monthly closing price (very major area). 
 
Comments: 
    The rally on Tuesday from the major support was significant but it left the chart neutral inside a narrow trading range between 879 .30 - 868.80.  The weekly range still remains between 906.50 and 856.30.  A trade above 906.50 will be considered a breakout for higher prices to develop.  A trade below 856 will fail the major support and can challenge the 50% retracement area at 841.60.  Remain defensive inside the 879.30 - 868.80 neutral range until a breakout is seen to either side.
                                       
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 876 - 878 area or buy dips near 870 - 868.80 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 882.30).  (Use a sell stop and rev. short at 866.70).
 
Buy stop at 882.30 for obj. near 885.70 - 887 area and possibly near 890.
Buy stop at 903 for obj. near 905 - 906.50 area.
Buy stop at 910 for obj. near 911.50 - 914 area and possibly near 915.90 gap.
 
Sell stop at 866.70 for obj. near 864.60 - 863.60 area.
Sell stop at 853 for obj. near 851 - 849.50 area.
Sell stop at 847 for obj. near 843 - 841.60 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/26/03 (0:53 am est)

 
Long positions were taken at 869.50.  The market is showing resistance at the 872 level at this time, where traders should consider taking profits.  It is recommended for traders to exit at the market. 

Bulletin - Originally sent 03/26/03 (2:15 pm est)

 
The sell stop was hit at 866.70 that put traders into short positions.  The sell-off down to 865 is near enough to the 864.60 obj., which completes the trade.  NOTE:  The major support at 863.60 is significant enough to stimulate some rallies.  Traders still holding short positions should consider exiting the trade before losses occur. 

Results:    03/26/03
Bought @ 869.50    Sold @ 872          = + $   625.00     Sold as per bulletin
Sold @ 875             Bought @ 870      = + $1,250.00
Sold @ 866.70        Bought @ 865       = + $   450.00     
TOTAL (P & L)                                       + $2,300.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 03-27-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
868.80 day channel and 870.50 intra-day channel also 871.70 minor day channel (very major area) / 875.50 and 879.30 day tops (major area) / 884.30 rev. base and 885.70 GBX top (major area) / 892.60 day channel and 893.20 weekly closing gap also 895.70 weekly top (very major area) / 898.50 major day channel and 902.40 weekly closing price (very major area) / 904 day top and 906.50 weekly channel (very major area) / 908 day top and 909.40 weekly closing price (major area) / 911.50 rev. base to 915.90 day gap (major area) / 924.50 day top and 926 weekly closing price (very major area).
 
Support:  For the June contract -
865 day bottom and 864.20 minor channel (major area) / 861.50 minor day channel also 861.50 and 860.50 day bottoms (very major area) / 856 double bottom (major area) / 851.70 and 851 rev. peaks also 849.50 base (major area) / 841.60 is the 50% retracement area also 840 monthly closing price (very major area) / 833.10 weekly closing price (major) / 825.60 day bottom and 821.90 GBX bottom (very major area).
 
Comments: 
    Wednesday's trading range remains inside the neutral area but managed to close at the lower end of the range and down for the day.  This leaves the chart in neutral to slightly bearish condition for prices to possibly reach down to the 50% retracement area at 841.60.  A trade above 868.80 - 871.70 area is slightly bullish but only a trade above the 898.50 day channel can bring any solid bullishness back to the chart.  Remain defensive inside the 868.80 - 856 trading range.
                                           
Day trades:  For the June contract -
 
Aggressive traders can buy dips near 861.50 - 860.50 area for obj. near 864 - 865 area and possibly near 868.  (Use a sell stop and rev. short at 853).  (Conservative traders can use a protective sell stop at 855.70.  Do not rev. short).
 
Aggressive traders can sell rallies near 868 - 871 area for obj. near 864 - 861.50 area.  (Use a buy stop and rev. long at 880.70).  (Conservative traders can use a protective buy stop at 876.  Do not rev. long).
 
Buy stop at 880.70 for obj. near 884 - 885 area and possibly near 888.
 
Sell stop at 853 for obj. near 851 - 849.50 area.
Sell stop at 847 for obj. near 844 - 841.60 area and possibly near 840.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/27/03 (10:30 am est)

 
Short positions were taken at 861 at the opening.  The market sold off proving the bearish condition for traders to consider exiting the long position. 
 
It is recommended for traders to exit long positions near 861 and scratch the trade.  Rallies up to the 868 level will still be considered a selling area if it gets there. 

Bulletin - Originally sent 03/27/03 (3:57 pm est)

 
Short positions were taken at 868 and 871.  The sell-off down to 865 is near enough to the 864 obj.  to exit the short positions and take profits.

 

Results:    03/27/03
Bought @ 861      Sold @ 861             =    $     -0-         Sold as per bulletin
Sold @ 868          Bought @ 865.50     = + $   625.00
Sold @ 871          Bought @ 865.50     = + $1,375.00     
TOTAL (P & L)                                       + $2,000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 03-28-03:  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the June contract -
867.70 day channel and 869 peak (major area) / 870.30 and 871.10 minor day channels also 871.50 intra-day channel and 873.30 day top (very major area) / 875.50 day top (major) / 879.30 day top (major) / 885.70 GBX top (major) / 891.80 day channel and 893.20 weekly closing gap (very major area) / 895.70 weekly top and 898 major day channel (very major area) / 902.40 weekly closing price and 904 weekly top (major area) / 906.50 weekly channel (very major area).
 
Support:  For the June contract -
866.50 intra-day channel and 865.50 base (major area) / 862.90 weekly developed day channel also 861 and 860.50 base (very major area) / 857.50 base and 856.60 day bottom also 856 double bottom (very major area) / 851.70 and 851 rev. peaks also 849.50 base (major) / 841.60 is the 50% retracement area also 840 monthly closing price (very major area) / 833.10 weekly closing price (major) / 825.60 day bottom and 821.90 GBX bottom (very major area).
 
Comments: 
    The whiplashing action on Thursday proved the neutral condition and still remains inside the 879.30 - 856 trading range.  A trade above 879.30 can challenge the 891.80 - 893.20 gap and possibly near 898.  A trade above 906.50 will be considered a breakout and can confirm the major trend up.  A trade below 856 will fail the major support and can bring prices down to challenge the 50% retracement area at 841.60 and possibly lower.  Remain defensive inside the 871.50 - 862.90 first neutral range and also the 879.30 - 856 second neutral range.
                                               
Day trades:  For the June contract -
 
Aggressive traders can buy dips near 862.90 - 861 area for obj. near 866 - 867 area.  (Use a sell stop and rev. short at 853).
 
Aggressive traders can sell rallies near 870 - 873 area for obj. near 866 - 864 area.  (Use a buy stop and rev. long at 883).
 
Sell stop at 853 for obj. near 851 - 849.50 area.
Sell stop at 847 for obj. near 844 - 841.60 area.
 
Buy stop at 883 for obj. near 886 - 888 area and possibly near 890.
Buy stop at 901 for obj. near 904 - 906.50 area.
 

* There is a substantial risk of loss in trading futures and options.  These recommendations cannot guarantee a profit.  Placing contingent orders such as "Stop Loss" or "Stop Limit" orders will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders.

Bulletin - Originally sent 03/28/03 (9:53 am est)

 
Long positions were taken at 861.  The rally up to 864.50 is proving to show resistance for traders to consider exiting the long position and taking profits.  It is recommended for traders to exit long positions near 863 - 864 area and take profits.

Bulletin - Originally sent 03/28/03 (12:04 pm est)

 
Short positions were taken at 869 after the double top formation.  The sell-off down to 865.30 meets the obj. and completes the trade. 

Results:    03/28/03
Bought @ 861       Sold @ 864             = + $   750.00
Sold @ 869           Bought @ 865.20     = + $   950.00     
TOTAL (P & L)                                        + $1,700.00

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

THERE IS RISK OF LOSS IN ALL TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. ALL RESULTS ARE HYPOTHETICAL. NO IMPLICATION IF BEING MADE THAT ANYONE UTILIZING THE TECH GURU REPORT HAS OR CAN OBTAIN SUCH PROFITS AND RESULTS. THIS INFORMATION IS NOT A RECOMMENDATION TO BUY OR SELL AT THIS TIME, BUT MERELY A PRESENTATION OF TRADES STRATEGIES. THE INFORMATION CONTAINED HEREIN HAS BEEN OBTAINED FROM SOURCES BELIEVED RELIABLE, BUT IS NOT GUARANTEED AS TO THE ACCURACY OR COMPLETENESS. PLEASE CHECK MARKET FUNDAMENTALS AND TECHNICAL CONDITIONS BEFORE CONSIDERING THESE OR ANY TRADES. 

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