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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 - 03/31/03 - 04/04/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 03-31-03:  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 -
864, 865 and 866 peaks also 864.40 day channel and 865.90 minor day channel (major area) / 869.40 day top and 869.60 GBX top also 872.20 day session closing price (major area) / 873.30 day top and 875.50 day top (major area) / 879.30 day top (very major area) / 885.70 GBX top (major) / 891 day channel and 891.20 weekly channel and 893.20 weekly closing gap (very major area) / 895.70 weekly and 897 major day channel (very major area) / 902.40 weekly closing price and 903 weekly channel also 904 weekly top (very major area) / 908 to 911.50 exhaustion gap (major area) / 915.90 day gap (very major area).
 
Support:  For the June contract -
861.80 minor day channel and 859.20 day bottom (very major area) / 856.60 and 856 double bottom (major area) / 851.70 and 851 rev. peak and 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 (very major) / 825.60 day bottom and 821.90 GBX bottom (very major area) / 808.50 day bottom to 804.40 day gap (very major area) / 798.90 lowest day session closing price (major area).
 
Comments: 
    The sell-off on Friday managed to close down for the third day in a row leaving the chart in neutral to bearish condition and subject to challenge the 851 and 841.60 area, which is the 50% retracement between the high and low of the entire trading range.  A trade below 840 will hold the bearishness for prices to challenge the 833.10 - 825.60 area and possibly near the 804.40 day gap.  At this time, a trade above 879.20 is slightly bullish but only a trade above the 903 weekly channel can bring any solid bullishness back to the chart.  Remain defensive inside the wide trading range between 879.20 and 841.60 area.
                                                   
Day trades:  For the June contract -
 
If the market opens below 853, aggressive traders can sell rallies near 853 - 856 area for obj. near 844 - 841.60 area.  (Use a protective buy stop and 860.  Do not rev. long).
 
Aggressive traders can attempt long positions near 842.50 - 841.60 area and if possible near 840 for obj. near 847 - 849.50 area.  (Use a sell stop and rev. short at 837).
 
Aggressive traders can sell rallies near 862 - 864 area and if possible near 866 for obj. near 860 - 858 area.  (Use a buy stop and rev. long at 870.20).
 
Buy stop at 870.20 for obj. near 873.20 - 875.50 area.
Buy stop at 883 for obj. near 887 - 890 area.
 
Sell stop at 837 for obj. near 833.50 - 833 area.
Sell stop at 830 for obj. near 826 and possibly near 821.90.
 

* 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 03/31/03 (1:50 pm est)

Long positions were taken at 842 this morning.  The rally up to 847 - 849 area completes the trade. 

The 853 - 856 area was a selling area from this morning.  At this time the trade is to be cancelled or changed to a higher sell area.  The 50 % retracement support at 841.60 is proving to be supportive enough to possibly bring prices higher.  Aggressive traders can attempt short positions near the 856 - 859 area for obj. near 853 - 851.  (use a protective buy stop at 866.90.  Do not rev long).  The buy stop at 870.20 still remains the area to rev. long.  

NOTE:  The 862 - 864 is still considered a selling area.  The obj. will now be change to 858 - 856 at this time.  If the 862 - 864 area is hit then exit all short positions, including the first ones taken at 856 - 859.  Exit all near 858 - 856 area.

Results:    03/31/03

Bought @ 842         Sold @ 847         = + $1,250.00
Sold @ 856            Bought @ 853      = + $   750.00
TOTAL (P & L)                                      + $2,000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 04-01-03:  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 -
849.80 GBX channel (major) / 855 intra-day channel and 855.90 peak (major area) / 857 day top and 859.20 day channel also 859.70 GBX top (very major area)  862.90 weekly closing gap and 864.30 minor day channel (very major area) / 869.40 day top and 869.60 GBX top (major) / 873.30 day top (major) / 875.70 weekly channel and 875.50 day top (very major) / 879.30 weekly top (very major area) / 885.70 GBX top (major) / 890 day channel and 891.20 weekly channel also 893.20 weekly closing gap (very major area).
 
Support:  For the June contract -
845.60 newly developed day channel and 843 minor channel (major area) / 841.50 bottom and also is the 50% retracement area and 840 monthly closing price (very major area) / 833.10 weekly closing price (very major) / 825.60 day bottom (major) / 821.90 GBX bottom (very major area) / 808.50 day bottom to 804.40 day gap (very major area) / 798.90 lowest day session closing price (major area).
 
Comments: 
    The whiplashing action inside the neutral 50% retracement area proves to show uncertainty in direction and can likely continue the whiplashing action trading inside the 862.90 - 840 range until a breakout to either side can develop.  Remain defensive inside the first neutral range between 859.20 and 843.
                                                       
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 853 - 855 area for obj. near 849 - 847 area.  (Use a protective buy stop at 860.  Do not rev. long).
 
Aggressive traders can buy dips near 846 - 843 area for obj. near 849 - 851 area.  (Use a sell stop and rev. short at 837).
 
Aggressive traders can attempt short positions at 862 - 864 area for obj. near 857 - 855 area.  (Use a buy stop and rev. long at 865.30).
 
Buy stop at 865.30 for obj. near 868.30 - 869.30 area.
Buy stop at 880.70 for obj. near 885 - 888 area.
 
Sell stop at 837 for obj. near 833 and possibly near 828 area.
Sell stop at 818.70 for obj. near 812.70 - 809 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:    04/01/03

Bought @ 846         Sold @ 850         = + $1,000.00
Sold @ 854             Bought @ 848     = + $1,500.00
Sold @ 860.50         Bought @ 856     = + $1,125.00
TOTAL (P & L)                                      + $3,625.00
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 04-02-03:  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 -
858.50 minor day channel (major) / 860.50 day top and 861.30 minor day channel (major area) / 862.90 weekly channel and 862.90 weekly closing gap (very major area) / 869.40 day top and 869.60 GBX top (major area) / 873.30 day top (major) / 875.50 day top and 875.70 weekly channel with GBX prices (very major area) / 879.30 weekly top (major) / 885.70 GBX weekly top and 886.60 weekly channel also 889.50 major day channel (very major area) / 893.20 weekly closing gap and 895.70 weekly top also 896 major day channel (very major area) / 902.40 weekly closing price and 903 major weekly channel (very major area).
 
Support:  For the June contract -
885.50 base (major) / 853.50 intra-day channel and 852.50 base (major area) / 849 day channel (very major area) / 847.80 and 846.80 base also 845.50 day bottom and 844.90 GBX channel (very major area) / 843 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (major area) / 833.10 weekly closing price (very major) / 825.60 weekly bottom and 821.90 GBX weekly bottom (very major area) / 808.50 day bottom to 804.40 day gap (very major area). 
 
Comments: 
    The rally on Tuesday from the 50% retracement area proves to be a major support, which stimulated rallies as expected.  The overall neutral condition can keep prices inside the wide weekly trading range between 903 and 840 for several days and weeks before proving any solid direction.  The overall attitude should continue to sell the high end of the range and buy the low end of the range until a breakout can develop to either side.  For now, remain defensive inside the first neutral range between 875.70 - 849.
                                                           
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 870 - 875 area for obj. near 865 - 860 area.  (Use a buy stop and rev. long at 880.70).
 
Aggressive traders can buy dips near 853.50 - 849 area for obj. near 859 - 862 area.  (Use a sell stop and rev. short at 847.70).
 
Buy stop at 880.70 for obj. near 885 - 886.60 area.
 
Sell stop at 847.70 for obj. near 845.50 - 844.90 area.
Sell stop at 839 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 04/02/03 (10:38 am est)

 
Short positions were taken at 873.  The market proved to trade above the 875.70 major weekly channel and is still showing strength.  It is recommended for traders to exit the short position at the market and cut loses.  The market is  trading at 877 at this time.
 
Use a sell stop at 872 to re-enter short positions for obj. near 865 - 860 area.

Bulletin - Originally sent 04/02/03 (11:46 am est)

 
Long positions were taken at 880.70 on the stop.  The market is showing resistance at this time and the double top at 882 should be considered a sell.
 
It is recommended for all traders to exit the long position and scratch the trade. 

Bulletin - Originally sent 04/02/03 (11:48 am est)

 
Since the 885.70 GBX top and the 886.60 major weekly channel is such a significant resistance area, that it should be considered a major selling opportunity.
 
Aggressive traders can consider short positions near 885 - 886 for an obj. near 878 - 876 area.  (Use a protective buy stop at 890.70.  Do not rev. long).

Results:    04/02/03

Sold @ 873             Bought @ 877           =  - $1,000.00     bought as per bulletin
Bought @ 880.70     Sold @ 882               = + $   325.00     sold as per bulletin
Sold @ 884             Bought @ 878.50       = + $1,375.00     as per bulletin
TOTAL (P & L)                                            + $   700.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 04-03-03:  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 June contract -
880.50 intra-day channel and 881.70 peak also 882.90 newly developed day channel (major area) / 884.30 day top and 886.60 weekly channel (very major area) / 888.80 major day channel and 893.20 weekly closing gap (very major area) / 895.20 major day channel and 895.70 weekly top (very major area) / 902.40 weekly closing price and 903 weekly channel (very major area) / 908 day top to 911.50 exhaustion gap and 915.90 gap area (major area).
 
Support:  For the June contract -
875.80 and 875.20 base (major area) / 873 base and 871.50 bottom also 869.40 rev. peak (major area) / 864 intra-day channel and 862.90 exhaustion weekly gap (very major area) / 860.50 rev. peak and 856.70 day gap also 855.10 GBX bottom (major area) / 853.50 minor day channel (very major area) / 846.70 GBX channel and 845.50 day bottom (very major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (major area).
 
Comments: 
    The follow-through rally on Wednesday brought prices up near a very critical resistance, which is at 886.60 on the weekly chart and 888.80 on the daily chart that can prove to be significant enough to hold back any further rallies.  A trade above 888.80 can bring prices up to challenge the 895.20 channel and possibly near the 903 weekly channel, which is a very significant area.  A trade below 864 - 862.90 area is bearish but only a trade below 840 can fail the neutral support.  Remain defensive inside the 888.80 - 869.40 trading range.
                                                               
Day trades:  For the June contract - 
 
Aggressive traders can sell rallies near 885 - 883 area if possible near 888 for obj. near 876 - 873 area.  (Use a protective buy stop at 890.70.  Do not rev. long).
 
Buy stop at 897.30 for obj. near 900 - 903 area.
Buy stop at 906.50 for obj. near 911 and possibly near 915.90 gap.
 
Sell stop at 868 for obj. near 865 - 864 area.
Sell stop at 861 for obj. near 857 - 855 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:    04/03/03

Sold @ 883            Bought @ 876    = + $1,750.00
Sold @ 885            Bought @ 876    = + $2,250.00       repeat trade at higher end due to significance of resistance
TOTAL (P & L)                                    + $4.000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 04-04-03:  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 June contract -
879 peak (major) / 883.50 and 884.50 peaks also 884 newly developed day channel and 885.20 day top (major) / 886.60 weekly channel and 888 major day channel (very major area) / 893.20 weekly closing gap and 894.60 major day channel also 895.70 weekly top (very major area) / 892.40 weekly closing gap and 903 major weekly channel (very major area) / 908 day top to 911.50 exhaustion gap and 915.90 day gap (major area).
 
Support:  For the June contract -
872 intra-day channel and 871.50 day bottom also 869.40 rev. peak (major area) / 862.90 weekly closing price and exhaustion gap also 860.50 rev. peak (major area) / 857.50 day channel also 856.70 day gap and 855.10 GBX bottom also 855 day channel with GBX prices (very major area) / 848.50 GBX channel (major) / 846.80 base and 845.50 day bottom (major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area) / 833.10 weekly closing price (very major area) / 825.60 weekly bottom and 821.90 GBX weekly bottom (very major area).
 
Comments: 
    Thursday's trading range remained inside the neutral area and continued to prove the significance of the 886.60 - 888 resistance and the 872 - 869.40 support, which leaves the chart neutral inside the same trading range.  A trade above 888 can challenge the 893.20 gap and possibly near the 903 major weekly channel.  A trade above the 903 area will be considered a breakout and can signal the major uptrend intact for higher prices. to follow.  A trade today below the 872 - 869.40 area can bring prices down to challenge the 862.90 gap and possibly near the 855 channel.  A trade below 855 is bearish and a trade below 848.50 can stimulate enough selling pressure to bring prices near the 840 - 833.10 area.  Remain defensive inside the 888 - 869.40 neutral range.
                                                                   
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 879 - 883 area and if possible near 886 - 888 for obj. near 874 - 870 area.  (Use a protective buy stop at 890.70.  Do not rev. long).
 
Aggressive traders can sell rallies near 893.20 - 895 area for obj. near 889 - 886 area.  (Use a protective buy stop at 897.30.  Do not rev. long).
 
Aggressive traders can attempt short positions near 901 - 903 area for obj. near 896 - 893 and possibly near 890.  (Use a buy stop and rev. long at 906.50).
 
Buy stop at 906.50 for obj. near 911 - 915.90 area.
 
Sell stop at 867 for obj .near 864 - 862.90 and possibly near 860.50.
Sell stop at 853 for obj. near 850 - 848.50 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 04/04/03 (11:07 am est)

 
Short positions were taken on the opening at 881.50.  The sell-off down to 876.20 seems worthy enough to take the profits even though it's before the 874 obj.  Buy at the market, which is trading at 877 at this time.  This will complete the first trade.

Results:    04/04/03

Sold @ 881.50            Bought @ 877       = + $1,125.00
TOTAL (P & L)                                           + $1,125.00
The week in review - 04/07/03 - 04/11/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 04-07-03:  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 June contract -
879.70 peak and 879.80 minor day channel also 882.50 day top and 882.90 day channel (major area) / 885.20 weekly day session top and 887 major day channel also 888.70 GBX weekly top (very major area) / 893.20 weekly closing gap and 894 major day channel also 895.70 weekly top (very major area) / 899.90 weekly channel and 902.40 and 903.10 weekly closing prices (very major area) / 904 and 905.50 weekly tops (major area) / 908 day top to 911.50 exhaustion gap and 915.90 day gap (major area) / 924 day top and 926.50 weekly closing price (very major area) / 935 and 936.50 weekly top also 936 monthly closing price also 941.90 major weekly channel (very major area).
 
Support:  For the June contract -
877.50 and 875.50 intra-day channel (major area) / 873.50 base and 872.80 day bottom also 870.90 GBX bottom (very major area) / 862.90 weekly closing price and exhaustion gap (major) / 860.50 rev. peak also 859.50 weekly channel and 858.50 day channel also 856.70 day gap and 855.10 GBX bottom (very major area) / 851 rev. peak and 850.50 minor GBX channel (major area) / 845.50 day bottom (major) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area).
 
Comments: 
    Friday's trading session remained inside the neutral range but managed to close up at the highest close for the week leaving the chart supportive inside the neutral area.  A trade above 887 and 894 is slightly bullish but a trade above 899.90 and 903.10 area will be considered a breakout for higher prices to develop.  A trade below 870.90 is slightly bearish but a trade below 859.50 will fail the major weekly channel for lower prices to develop.  Remain defensive inside the 899.90 - 859.50 weekly trading range.
                                                                       
Day trades:  For the June contract -
 
If the market opens above 894 aggressive traders can sell rallies near 898 - 899.90 area and if possible near 902 for obj. near 894 - 893.20 area and possibly near 890.  (Use a buy stop and rev. long at 906.50).
 
If the market opens above 894 aggressive traders can buy dips near 886 - 882 area and if possible near 878 for obj. near 892 - 894 area.  (Use a sell stop and rev. short at 869).
 
Buy stop at 906.50 for obj. near 911.50 and possibly near 915.90 gap.
 
Sell stop at 869 for obj. near 863 - 862 area and possibly near 859.50.
Sell stop at 856 for obj. near 851 - 848 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:    04/07/03

Sold @ 900            Bought @ 894         = + $1,500.00
Sold @ 902            Bought @ 890         = + $3,000.00
Bought @ 882        Sold @ 876.90         = -  $1,275.00
Bought @ 878        Sold @ 876.90         = -  $   275.00
TOTAL (P & L)                                         + $2,950.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 04-08-03:  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 -
878.50 intra-day channel (major) / 885.50 intra-day channel (major) / 890.50 intra-day channel and 892.50 peak (very major area) / 896.30 and 897 peaks also 898.80 peak (major area) / 905 day top and 905.50 weekly top (major area) / 908 day top to 911.50 exhaustion gap (major area) / 915.90 day gap (major) / 924 day top and 926.50 weekly closing price (very major area) / 935 and 936.50 weekly top also 936 monthly closing price (very major area) / 941.90 major weekly channel (very major area).
 
Support:  For the June contract -
875 minor day channel (major) / 873.50 and 873.20 base also 872.80 day bottom and 870.90 GBX bottom (very major area) / 866 minor day channel and 862.90 weekly closing price and exhaustion gap also 862 GBX channel (very major area) / 856.70 day gap and 855.10 GBX bottom also 852.50 GBX channel (very major area) / 845.50 day bottom (major) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area).
 
Comments: 
    The sell-off on Monday from the major resistance proves the significance of the area, but managed to hold above the 872.80 - 870.90 bottom area support leaving the chart neutral inside a trading range between 892.50 and 870.90.  A trade above 892.50 can bring prices up to challenge the 905 top and possibly near the 915.90 gap area.  A trade below 870.90 can bring prices down to challenge the 862.90 gap and possibly near the 852.50 channel.  Remain defensive in this neutral area between 892.50 and 870.90 area and the first neutral range between 885.50 - 875 area.
                                                                           
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 884 - 885.50 for obj. near 878 - 875 area.  (Use a buy stop and rev. long at 888.50).
 
Aggressive traders can buy dips near 875 - 873 area for obj. near 880 - 883 area.  (Use a sell stop and rev. short at 868.70).
 
Aggressive traders can sell rallies near 890.50 - 892.50 area for obj. near 886 - 884 area.  (Use a buy stop and rev. long at 899.70).
 
Buy stop at 888.50 for obj. near 890.50 - 892.50 area.
Buy stop at 899.70 for obj. near 902 - 904 area.
Buy stop at 906.50 for obj. near 911 - 915.90 area.
 
Sell stop at 868.70 for obj. near 866 - 863 area.
Sell stop at 859 for obj. near 856.70 - 854 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 04/08/03 (9:52 am est)

 
Long positions were taken on the sell-off down to 876.  Continue using a sell stop and rev. short at 868.70.

Bulletin - Originally sent 04/08/03 (10:23 am est)

 
Long positions were taken at 876.  The market is showing resistance at the 878.80 area.  It is recommended for traders to exit the long position and take profits at the 878 area.

Bulletin - Originally sent 04/08/03 (11:09 am est)

 
Long positions were re-entered at 873.50, which is the low end of the support area.  The rally up to 880 completes the trade.

Results:    04/08/03

Bought @ 876          Sold @ 878             = + $   500.00
Bought @ 873.80      Sold @ 880             = + $1,550.00
TOTAL (P & L)                                           + $2,050.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 04-09-03:  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 -
879 intra-day channel and 879.70 peak (major area) / 882.80 day top and 885 peak (major area) / 887.80 GBX top and 888.50 peak (very major area) / 892.20 peak (major) / 896.30, 897 and 898.80 peak (very major area) / 903.90 newly developed day channel and 905 day top (very major area) / 908 day top to 911.50 exhaustion gap (major area) / 915.90 day gap (major) / 924 day top and 926.50 weekly closing price (very major area) / 935 and 936.50 weekly top also 936 monthly closing price (very major area) / 941.90 major weekly channel (very major area).
 
Support:  For the June contract -
876.10 and 874.50 base also 873.90 minor day channel and 873.50 day bottom (major area) / 870.90 GBX bottom and 870.60 rev. channel also 869.50 minor day channel (very major area) / 866.90 GBX channel (very major) / 862.90 weekly closing price and exhaustion gap also 860.50 rev. peak (major area) / 859.50 weekly channel also 856.70 day gap and 855.10 GBX bottom also 854.50 GBX channel (very major area) / 845.50 day bottom (major) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area).
 
Comments: 
    Tuesday's range remained inside the neutral range but continued to develop support at the low end of the neutral condition that can possibly stimulate rallies.  A trade above the 885 - 888.50 area is slightly bullish but a trade above the 896.30 - 898.80 peaks can challenge new highs above the 905 top.  A trade below 870.90 - 869.50 area and below 866.90 GBX channel is bearish for prices to challenge the 862.90 gap and 859.50 weekly channel support.  Remain defensive inside the 885 - 870.60 neutral area until a breakout can develop to either side.
                                                                               
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 882 - 885 area and if possible near 887 for obj. near 878 - 875 area.  (Use a buy stop and rev. long at 889.70).
 
Aggressive traders can buy dips near 875 - 871 area for obj. near 878 - 880 area.  (Use a sell stop and rev. short at 866).
 
Buy stop at 889.70 for obj. near 892 - 895 area and possibly near 897.
Buy stop at 906.70 for obj. near 910 - 911.50 area and possibly near 915.90 gap.
 
Sell stop at 866 for obj. near 863 - 861 area and possibly near 859.50.
Sell stop at 851 for obj. near 847 - 845 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 04/09/03 (4:12 pm est)

 
The 866 sell stop was hit putting traders into short positions.  The market is showing support at the 864 area that can hold back the obj. from being hit. 
 
It is recommended for traders to exit the short positions and take profits or scratch the trade.

Results:    04/09/03

Bought @ 875          Sold @ 879           = + $1,000.00
Sold @ 882              Bought @ 878       = + $1,000.00
Sold @ 887              Bought @ 878       = + $2,250.00
Sold @ 866              Bought @ 866       =    $    -0-    
TOTAL (P & L)                                         + $4,250.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 04-10-03:  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 June contract -
870 and 871.50 intra-day channel (major area) / 873 and 874.50 peaks (major) / 878.40 day channel also 878.50 peak and weekly closing price (very major area) / 881.30 intra-day channel and 883.80 peak (major area) / 887.30 day top and 887.80 GBX top (very major area) / 896.30, 897 and 898.80 peaks (very major area) / 903.40 and 903.60 day channels also 905 weekly top (very major area) / 908 day top to 911.50 exhaustion gap (major area) / 915.90 day gap (major).
 
Support:  For the June contract -
864.50 bottom (major) / 862.90 weekly closing price and exhaustion gap also 860.50 rev. peak (major area) / 859.50 weekly channel and 856.70 gap and minor GBX channel also 855.10 GBX bottom and 854.20 minor day channel (very major area) / 847 day session closing price and 845.50 day bottom (major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area) / 833.10 weekly closing price (major) / 825.60 weekly bottom and 821.90 GBX weekly bottom (very major area).
 
Comments: 
    The sell-off on Wednesday from the resistance brought prices down below a major support leaving the chart neutral to slightly bearish.  Only a trade above 878.40 - 878.50 area can bring any bullishness back to the chart.  A trade below 856.70 - 854.20 area will fail the major support for prices to challenge the 841.50 bottom and possibly lower.  Remain defensive inside the 878.40 - 856.70 neutral change.
                                                                                   
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 870 - 873 area if possible near 876 - 878 area for obj. near 864.50 - 862.90 gap and possibly near 860.50.  (Use a buy stop and rev. long at 879.70).
 
Aggressive traders can buy dips near 860.50 - 859.50 area and if possible near 856.70 gap for obj. near 866 - 868 area.  (Use a sell stop and rev. short at 851).
 
Buy stop at 879.70 for obj. near 884 - 886 area.
Buy stop at 890 for obj. near 894 - 896 area.
 
Sell stop at 851 for obj. near 847 - 845.50 area and possibly near 843.
 

* 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 04/10/03 (12:30 pm est)

 
Long positions were taken at 861.80.  The rally up to the double top at 868 completes the trade.
 
It is recommended to cancel the sell at 870 - 873 area and look to sell rallies near the 876 - 878 area, which is the high end of the selling area for today.

Results:    04/10/03

Bought @ 861.80            Sold @ 867       = + $1,300.00
TOTAL (P & L)                                           + $1,300.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 04-11-03:  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 June contract -
874.50 intra-day peak (major) / 877 intra-day channel also 878.50 peak and 878.50 weekly closing price (very major area) / 883.80 peak (major) / 886.30 minor day channel and 887.30 day top and 887.80 GBX top (very major area) / 896.30, 897 and 898.80 peaks (very major area) / 903 day channel and 905 weekly top (very major area) / 908 day top to 911.50 exhaustion gap (major area) / 915.90 day gap and 918 daily upper channel (very major area).
 
Support:  For the June contract -
868.50 and 867 intra-day channels (major area) / 866 and 864.50 base also 865.10 newly developed day channel (very major area) / 861.50 day bottom and 860.50 rev. peak also 859.50 weekly channel and GBX channel (very major area) / 856.70 day gap and 855.90 minor day channel also 855.10 GBX bottom (major area) / 851.20 minor weekly channel and 851 rev. peak (very major area) / 847 day session closing price and 845.50 day bottom (major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area).
 
Comments: 
    Thursday's session managed to rally from the major support area and finally closing up for the day leaving the chart totally neutral again inside two trading ranges.  The first narrow range is between 878.50 - 865.10 and the wider neutral range between 886.30 - 859.50 area.  A trade and close on Friday to either side of these ranges can possibly point a direction for next weeks session.  Remain defensive inside the two trading ranges until a breakout is seen to either side.
                                                                                       
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 875 - 878.50 area or buy dips near 868.50 - 865.10 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 880.50).  (Use a sell stop and rev. short at 864).
 
Aggressive traders can sell rallies near 886 - 888 area for obj. near 883 - 880 area and possibly near 878.  (Use a buy stop and rev. long at 890.80).
 
Aggressive traders can buy dips near 861.50 - 859.50 area for obj. near 867 - 869 area and possibly near 872.  (Use a sell stop and rev. short at 858).  NOTE:  If the market trades below the 859.50 area it should bring bearishness but if the market has a fast spike down to the 858 sell stop and then immediatly recovers to the upside, traders should immediately exit and scratch the trade.  The 859.50 is a very important support area for this week only.  Pay close attention to this area on Friday.
 
Buy stop at 880.50 for obj. near 883 - 886 area.
Buy stop at 890.80 for obj. near 894 - 896 area and possibly near 898.
 
Sell stop at 864 for obj. near 861.50 - 859.50 area.
Sell stop at 858 for obj. near 856 - 855 area and possibly near the 851.20 weekly channel.
Sell stop at 848.50 for obj. near 846.50 - 845.50 area and possibly near 843.
Sell stop at 837 for obj. near 833 -828 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 04/11/03 (9:38 am est)

 
Because of the high opening, it is recommended to cancel the buy stop and rev. long at 880.50.  Traders taking short positions can use a protective buy stop at 882.30.  Do not rev. long.

Bulletin - Originally sent 04/11/03 (9:40 am est)

 
Short positions were taken at 878.  It is recommended to cancel the obj. at 868.  The new obj. for short positions is near 874.50 - 872.50. 

Bulletin - Originally sent 04/11/03 (9:54 am est)

 
The buy stop was hit at 882.30 completing the first trade with a loss.  Aggressive traders can re-enter short positions anywhere between 883 and 888 area.  This entire area is considered resistance.  The obj. for short positions will still remain 874.50 - 872.50 area.  (Continue to use a buy stop and rev. long at 890.80). 

Bulletin - Originally sent 04/11/03 (10:00 am est)

 
Short positions were taken at 883.  Continue using the buy stop and rev. long at 890.80 and the obj. still remains at 874.50 - 872.50 area.
The week in review - 04/14/03 - 04/17/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 04-14-03:  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 -
869 intra-day channel also 869.50 and 869.70 peaks (major area) / 871.50 and 873.80 peaks also 875 intra-day gap (major area) / 877.60 rev. weekly channel also 878.10 day channel and 881.60 minor day channel (very major area) / 883.50 and 887.30 day tops also 887.80 GBX top (major area) / 896.30, 897 and 898.80 peaks (major area) / 902.20 newly developed weekly channel and 902.50 day channel also 905 weekly top (very major area) / 908 to 911.50 exhaustion gap (major) / 915.90 day gap and 919 daily upper channel (major area) / 924 day top and 926.50 weekly closing price also 926 major weekly channel (very major area).
 
Support:  For the June contract -
867.80 and 866.20 day channels (major area) / 864.70 day bottom and 863.20 minor day channel with GBX prices (very major area) / 861.60 weekly bottom and 860.50 rev. peak and 860 GBX channel (major area) / 857 minor day channel and 856.70 day gap and 855.10 GBX bottom (very major area) / 847 day session closing price and 845.50 day bottom (major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area) / 833.10 weekly closing price (major area) / 825.60 weekly bottom and 821.90 GBX weekly bottom (very major area).
 
Comments: 
    The sell-off on Friday from the resistance materialized as expected leaving the chart neutral inside two narrow ranges.  One between 878.10 and 863.20 and the second neutral range is between 881.60 and 857.  A trade above 881.60 can bring prices up to challenge the 902.20 - 905 area.  A trade below 857 - 855.10 area can bring prices down to challenge the 845 - 840 area.  Remain defensive inside the two neutral areas until a breakout is seen to either side.
                                                                                           
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 871 - 873 area and if possible near 877 for obj. near 867 - 865 area.  (Use a buy stop and rev. long at 884).  (Use a sell stop and rev. short at 860).
 
Buy stop at 884 for obj. near 887 - 889 area and possibly near 892.
Buy stop at 906.50 for obj. near 911 - 915.90 area.
 
Sell stop at 860 for obj. near 856.70 gap - 855 area.
Sell stop at 852 for obj. near 847 - 845 area.
Sell stop at 837 for obj. near 833 - 828 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 04/14/03 (9:55 am est)

The rally to 872 put traders into short positions.  The sell-off down to 868.50 seems worthy enough to take profits, even though it's before the 867 obj.  The market is trading at 869.50 at this time.

Bulletin - Originally sent 04/14/03 (12:27 pm est)

The rally up to the 878.10 - 881.60 resistance is considered a selling area where short positions can be taken. 

Short positions were taken at 880 for obj. near 874.50 and possibly near 872 area.  Continue to use a buy stop and rev. long at 884.   Traders who are not already short can consider short positions near 878 - 880 area.

Bulletin - Originally sent 04/14/03 (2:06 pm est)

Short positions were taken at 880 from the previous bulletin.  The market is showing support at the 878.50 area and seems it is possible that the obj. of 874.50 might not be met.  

It is recommended for traders to exit the short position near 880 and scratch the trade. 

Results:    04/14/03

Sold @ 872             Bought @ 869.50    = + $    625.00
Sold @ 880             Bought @ 880         =    $      -0-
Bought @ 884         Sold @ 886             = + $   500.00
TOTAL (P & L)                                          + $1,125.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 04-15-03:  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 -
887.30 day top and 887.80 GBX top (major area) / 892.50 peak and 893.20 weekly closing price (very major area) / 896.30, 897 and 898.80 peaks (major area) / 902 day channel and 902.20 weekly channel (very major area) / 905 weekly top (major) / 908 to 911.50 exhaustion gap (major area) / 915.90 day gap (major) / 920 daily upper channel (major) / 924 day top and 926 major weekly channel also 926.50 weekly closing price (very major area) / 933.50 weekly top and 934.50 day gap also 935.30 and 936 weekly and monthly closing prices also 936.50 weekly chart top (very major area).
 
Support:  For the June contract -
881.80 rev. peak and 880.50 intra-day channel (major area) / 878.70 and 877.60 base area (major area) / 872.30 and 871 minor day channel also 869 and 867.80 day channels also 868.20 weekly closing price and gap (very major area) / 865.70 GBX bottom and 864.70 day bottom (major area) / 862 GBX channel and 861.50 weekly bottom also 860.50 rev. peak and 859 minor day channel (very major area) / 856.70 day gap and 855.10 GBX bottom (major area) / 847 day session closing price and 845.50 day bottom (major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area).
 
Comments: 
    The rally on Monday brought prices up to the highest closing price in three weeks leaving the chart neutral to slightly bullish.  The resistance at 896.30 - 898.80 peaks and also the 902.20 weekly channel will play an important roll in this weeks trading range and can put a lid on any further rallies for a while.  A trade above 902.20 - 905 area will be considered a breakout for higher prices to follow.  A trade today below the 872.20 - 867.80 area will bring bearishness back to the chart for prices to challenge the 860.50 - 856.70 gap area and possibly lower.  Remain defensive inside the 893.20 - 872.20 trading range.   
                                                                                               
Day trades:  For the June contract -
 
Aggressive traders can sell near 885 - 887 area for obj. near 878 - 875 area.  (Use a protective buy stop at 889.70.  Do not rev. long).
 
Aggressive traders buy dips near 873 - 872 area and if possible near 868 for obj. near 877 - 878 area and possibly near 880.  (Use a sell stop and rev. short at 865).
 
Aggressive traders can sell rallies near 896 - 898 area and if possible near 900 - 902 for obj. near 892 - 890 area and possibly near 887.  (Use a buy stop and rev. long at 906.50).
 
Buy stop at 906.50 for obj. near 911 - 915.90 area.
 
Sell stop at 865 for obj. near 862 - 860 area.
Sell stop at 854 for obj. near 848 - 845 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 04/15/03 (9:39 am est)

Short positions were taken at 884.50 on the opening.  The sell-off down to 880.20 is worthy enough for traders to consider taking profits because of the 880.50 intra-day channel support.  This completes the first trade. 

Results:    04/15/03

Sold @ 884.50         Bought @ 880.50          = + $1,000.00     bought as per bulletin
TOTAL (P & L)                                               + $1,000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 04-16-03:  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 -
894 top and 894.70 rev. channel also 896.30 and 897 peaks (major area) / 898.80 and 899.50 peaks (major area) / 901.70 major day channel and 902.20 weekly channel also 905 weekly top (very major area) / 908 day top to 911.50 exhaustion gap also 911 upper channel (major area) / 915.90 (major) / 924.50 day top and 926 major weekly channel also 926 and 926.50 weekly closing price (very major area) / 933.50 weekly top and 934.50 day gap also 935.30 and 936 weekly and monthly closing prices also 935.70 major day channel and 936.50 weekly top (very major area) / 953.30 June contract's weekly top and 954.80 weekly charts top (very major area).
 
Support:  For the June contract -
891.90 minor day channel and 890.50 intra-day channel (major area) / 888.70 and 887.20 intra-day channel (very major area) / 885.50 intra-day channel also 885.30 and 883.20 base (major area) / 880.20 day bottom (major) / 876 and 874 minor day channels also 873 GBX channel (very major area) / 870 minor GBX channel and 868.50 day bottom also 868.20 weekly closing price and gap (very major area) / 865.70 GBX bottom and 864.70 day bottom also 864 GBX channel (major area) / 861.50 weekly bottom and 860.50 rev. peak and minor day channel (very major area) / 856.70 day gap and 855.10 GBX bottom (major area) / 847 day session closing price and 845.50 day bottom (major area). 
 
Comments: 
    The rally on Tuesday brought prices up and near very major resistances.  A trade above 902.20 - 905 will be considered a breakout for higher prices to follow.  A trade today below 891.90 - 890.50 is slightly bearish but a trade below 887.20 can bring prices down to challenge the 880.20 bottom and possibly near the 876 - 874 channels.  Remain defensive inside the 902 - 891.90 trading area.
                                                                                                   
Day trades:  For the June contract -
 
Aggressive traders can buy near 894 - 891.90 area for obj. near 898 - 902 area.  (Use a sell stop and rev. short at 886.70).
 
Aggressive traders can sell rallies near 902 - 905 area for obj. near 898 - 894 area.  (Use a buy stop and rev. long at 908.70).
 
Aggressive traders can buy dips near 876 - 874 area for obj. near 880 - 882 and possibly near 884.  (Use a sell stop and rev. short at 867).
 
Buy stop at 908.70 for obj. near 911 and possibly near 915.90.
 
Sell stop at 886.70 for obj. near 883.50 - 880.20 area.
Sell stop at 867 for obj. near 865 - 862 area and possibly near 860.50 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 04/16/03 (9:59 am est)

Long positions were taken at 894 and the rally to 896.80 was near enough to the 898 obj. to complete the trade.  The sell-off down to the 891.90 - 889.50 can be considered another buying area where long positions are now being taken.  The obj. will be near 895 - 896 area.  (Continue to use a sell stop and rev. short at 886.70).

Bulletin - Originally sent 04/16/03 (10:33 am est)

Long positions were taken at 891.50.  The rally up to 895.50 completes the trade.  Because the first trade was now repeated twice, it is important for traders to know, repeating this trade again is a very high risk, and will not be listed in today's results.

Bulletin - Originally sent 04/16/03 (10:56 am est)

The sell-stop was hit at 886.70 putting traders into short positions.  The market is now showing support on the sell-off at 885.80 and can stimulate some rallies.  

It is recommended for traders to exit short positions at the market and scratch the trade.  The market is trading at 887 at this time.

Bulletin - Originally sent 04/16/03 (3:36 pm est)

 The sell-off down to 877 is near enough to the 876 buy area that put traders into long positions.  The obj is still at 880 -882 area.  Continue to use a sell stop and rev short at 867.   

Results:    04/16/03

Bought @ 894           Sold @ 896.50     = + $   625.00
Bought @ 891.50      Sold @ 895.50     = + $1,000.00     bought as per bulletin
Sold @ 886.70          Bought @ 887      = -  $     75.00    bought as per bulletin
Bought @ 877           Sold @ 878.80     = + $   450.00     
TOTAL (P & L)                                        + $2,000.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 04-17-03:  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 -
881.30 peak and 882 intra-day channel also 882.50 peak (major area) / 885, 886 peaks also 886 intra-day channel and 887.40 peak (major area) / 895.50 peak and 895.60 minor day channel also 896.80 day top (very major area) / 901 day channel and 903.40 GBX top and 905 weekly top (very major area) / 908 day top to 911.50 upper channel and exhaustion gap (major area) / 915.90 day gap (major) / 924 day top and 926 major weekly channel also 926.50 weekly closing price (very major area)
 
Support:  For the June contract -
877.10 minor day channel and 876.80 day bottom also 875.90 major day channel with GBX prices (very major area) / 872 minor day channel with GBX prices (major area) / 868.50 day bottom and 868.20 weekly closing and gap (major area) / 866.20 GBX channel and 865.70 GBX bottom and 864.70 day bottom (major area) / 862.20 minor day channel and 861.60 weekly bottom also 861.10 minor weekly channel and 860.50 rev. peak (very major area) / 856.70 day gap and 855.10 GBX bottom (major area) / 847 monthly closing price and 845.70 day bottom (very major area) / 843.10 GBX bottom and 841.50 weekly bottom also 840 monthly closing price (very major area) / 833.10 weekly closing price (major area) / 825.60 weekly bottom and 821.90 GBX weekly bottom (very major area).
 
Comments: 
    The sell-off on Wednesday from the major resistance materialized as expected bringing prices down to a very major support area, which can stimulate some rallies.  The market remains inside a neutral range between 895.60 and 875.90.  A trade above 895.60 can challenge the 905 - 915 area.  A trade below 875.90 can challenge the 861.10 weekly support.  Remain defensive inside the first neutral range between 886 - 876.
                                                                                                       
Day trades:  For the June contract -
 
Aggressive traders can buy dips near 878 - 876 area for obj. near 882 - 884 and possibly near 886.  (Use a sell stop and rev. short at 875).
 
Aggressive traders can sell rallies near 885 - 886 area for obj. near 881 - 879 area.  (Use a protective buy stop at 889.  Do not rev. long).
 
Aggressive traders can sell rallies near 894 - 895.50 for obj. near 890 - 888 area.  (Use a buy stop and rev. long at 903).  (Conservative traders can use a protective buy stop at 896.70.  Do not rev long).
 
Buy stop at 903 for obj. near 908 - 911 area.
 
Sell stop at 875 for obj. near 872 - 870 area.
Sell stop at 867 for obj. near 864 - 861 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 04/17/03 (9:41 am est)
 
Long positions were taken on the opening at 879.  The rally up to 882.40 meets the 882 obj. and completes the trade.

Bulletin - Originally sent 04/17/03 (11:27 am est)

 
The rally up to 884.50 is near enough to the 885 sell area putting traders into short positions.  The obj. still remains near the 881 - 879 area.

Bulletin - Originally sent 04/17/03 (12:37 pm est)

 
The buy stop was hit at 889, completing the trade with a loss.  The market continues to show resistance at the 889 area and can still be considered a sell.
 
It is recommended for traders to re-enter short positions at the market, which is trading at 888 at this time.  (Use a protective buy stop at 891).   

Bulletin - Originally sent 04/17/03 (12:40 pm est)

 
Short positions were taken at 888.  The obj. is near 884 and possibly near 882.  (Continue to use a protective buy stop at 891.  Do not rev. long).

Results:    04/17/03

Bought @ 879          Sold @ 882          = + $  750.00
Sold @ 884.50         Bought @ 889      = -  $1,125.00
Sold @ 888              Bought @ 891      = -  $  750.00     
TOTAL (P & L)                                       -  $1,125.00
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 04-21-03:  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 -
893.30 day channel and 894.10 major day channel also 893.50 day top (very major area) / 896.80 weekly top (major) / 898.50 newly developed weekly channel also 899.60 and 900.20 day channels also 900.80 weekly channel (very major area) / 901.80 and 902 GBX channels also 903.40 and 905 weekly tops (very major area) / 908 to 911.50 exhaustion gap (major area) / 915.90 day gap and 920 major weekly channel (very major area) / 924 day top and 926.50 weekly closing price (major area) / 933.50 weekly top and 935 weekly charts top also 936 monthly closing price and 936.50 GBX weekly top (very major area). 
 
Support:  For the June contract -
891 intra-day channel (major) / 885.70 GBX channel and 882.70 major day channel with GBX prices also 881.30 newly developed weekly channel (very major area) / 878.10 day bottom and 877.70 GBX bottom also 876.80 day bottom and 876 minor day channel (major area) / 870.90 minor weekly channel and 870 minor day channel (very major area) / 868.20 weekly closing price and gap also 865.70 GBX bottom and 865.50 minor channel (major area) / 861.60 weekly bottom to 860.50 rev. peak (major area) / 856.70 day gap and 855.10 GBX bottom (major area) / 847 monthly closing price and 845.70 day bottom (very major area) / 843.10 GBX bottom and 841.50 weekly bottom and 840 monthly closing price (very major area).
 
Comments: 
    The rally of Friday brought prices up near a double top closing price from March 21 close and continues to face major resistance at 894.10 and 898.50 on the weekly chart.  A trade above 898.50 and 905 top will be considered a breakout for higher prices.  A trade above 920 will confirm a major uptrend intact.  A trade below 891 is slightly bearish but a trade below 885.70 and 881.30 will fail the major support for prices to challenge the 870.90 weekly support.  Remain defensive inside the 894.10 - 881.30 neutral trading area and inside the 898.10 - 870.90 weekly trading area.       
                                                                                                           
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 893 - 894 area and if possible near 898 for obj. near 891.  (Use a buy stop and rev. long at 905.70).  (Conservative traders can use a buy stop at 901.  Do not rev. long).
 
Aggressive traders can buy dips near 886 - 882 area for obj. near 889 - 891 area.  (Use a sell stop and rev. short at 878).
 
Buy stop at 905.70 for obj. near 908 - 911 and possibly near 915.90 gap.
Buy stop at 927 for obj. near 933 - 935 area.
 
Sell stop at 890 for obj. near 887 - 886 area and possibly near 882.
Sell stop at 878 for obj. near 873 - 870.90 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 04/21/03 (9:53 am est) 

 
Short positions were taken at 894.50.  The sell-off down to 891.80 was near 891 to complete the trade.
 
Since the 898.10 resistance is so significant, traders can repeat the first trade and sell near 895 - 898 area for obj. near 891.  (Use the same protective buy stops).

Bulletin - Originally sent 04/21/03 (10:25 am est) 

 
Short positions were taken at 896.50 repeating the first trade as indicated in the bulletin.  The sell-off down to 892 is near enough to 891 and completes the trade.

Bulletin - Originally sent 04/21/03 (10:42 am est) 

 
The 890 sell stop was hit putting traders into short positions.  The sell-off down to 887.80 is near enough to 887 to complete the trade.

Bulletin - Originally sent 04/21/03 (11:27 am est) 

 
Long positions were taken at 887 and completed with the rally on 890. 
 
Because of the significance of the 881.30, which is a major upper channel line on the weekly chart, the second trade can be repeated.  Enter long positions near 883 - 881 area.  The obj. will be near 888 - 890 area.  (Continue to use the sell stop and rev. short at 878). 

Results:    04/21/03

Sold @ 894.50            Bought @ 892      = + $   625.00
Sold @ 896.50            Bought @ 892      = + $1,125.00
Sold  @ 890               Bought @ 887.80  = + $   550.00
Bought @ 887            Sold @ 890           = + $  750.00
TOTAL (P & L)                                          + $3,050.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 04-22-03:  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 -
894.50 peak and 895.80 newly developed day channel with GBX prices (major area) / 897 newly developed day channel and 897.70 day top also 898.50 major weekly channel (very major area) / 899 day channel and 900.70 weekly channel also 901.50 day channel (very major area) / 903.40 GBX weekly top and 905 weekly top (major area) / 908 day top to 911.50 exhaustion gap (major area) / 915.90 day gap (major) / 920 major weekly channel (very major area) / 924 day top and 926.50 weekly closing price (major area) / 933.50 weekly top and 935 weekly charts also 936 monthly closing price and 936.50 GBX weekly top (very major area).
 
Support:  For the June contract -
891.65 newly developed day channel (major) / 889.70 GBX channel also 889 base (major area) / 887.50 minor day channel and 887 day bottom also 886 major day channel (very major area) / 881.30 weekly channel (very major area) / 878.10 day bottom and 877.70 GBX bottom also 876.80 day bottom (major area) / 872 minor day channel also 870.90 minor weekly channel (very major area) / 868.50 weekly bottom and 868.20 weekly closing price and gap also 865.70 GBX weekly bottom and 864.70 day bottom (major area) / 861.60 weekly bottom to 860.50 rev. peak (major area) / 856.70 day gap and 855.10 GBX bottom (major area) / 847 monthly closing price and 845.70 day bottom (very major area).
 
Comments: 
    Monday's trading range remains neutral leaving the weekly trading range between 900.70 and 870.90 the significant areas.  A breakout to either side can prove to point a direction.  Remain defensive inside the first neutral range today between 898.50 and 881.30.   
                                                                                                           
Day trades:  For the June contract -
 
Aggressive traders can buy dips near 887 - 886 area for obj. near 890 - 891 area.  (Use a sell stop and rev. short at 885).
 
Aggressive traders can buy dips near 882.50 - 881.30 area for obj. near 886 - 888 area.  (Use a sell stop and rev. short at 879.70).
 
Aggressive traders can sell rallies near 898 - 900 area for obj. near 894 - 892 area and possibly near 889.  (Use a buy stop and rev. long at 905.70).
 
Sell stop at 885 for obj. near 882.50 - 881.30 area.
Sell stop at 879.70 for obj. near 874 - 870.90 area.
Sell stop at 866 for obj. near 862 - 860 area and possibly near 856.70 gap.
 
Buy stop at 905.70 for obj. near 811 and possibly near 915.90 gap.
Buy stop at 923 for obj. near 926 and possibly near 929 - 931 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 04/22/03 (10:00 am est) 

 
The sell stop was hit at 885, putting traders into short positions.  The market is proving to have support in this area.  Short positions are now considered risky until the market can prove to trade below the 881.30 area.
 
It is recommended to exit all short positions and cut losses.  The market is trading at 888 at this time. 

Bulletin - Originally sent 04/22/03 (11:21 am est) 

 
Short positions were taken at 899.  The sell-off down to 894.20 is near enough to the 894 obj., and completes the trade.

Bulletin - Originally sent 04/22/03 (1:27 pm est) 

 
The buy stop was hit at 905 putting traders into long positions.  The market is showing resistance at the 907 that can stimulate some selling.
 
It is recommended for traders to exit the long position at the market and scratch the trade.  The market is trading at 905 at this time.

Results:    04/22/03

Bought @ 887            Sold @ 885           = - $   500.00
Sold @ 885                Bought @ 888       = - $   750.00
Bought @ 888            Sold @ 891           = + $   750.00
Sold  @ 899               Bought @ 894.50  = + $1,125.00
Bought @ 905.70       Sold @ 905           = -  $   175.00
TOTAL (P & L)                                          + $   450.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 04-23-03:  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 -
915.50 upper channel line and 915.90 day gap (major area) / 920 long-term major weekly channel (very major area) / 924 day top and 926.50 weekly closing price (major area) / 933.50 June contract's weekly top and 935 weekly charts top also 934.50 major daily channel and 936 monthly closing price also 936.50 GBX weekly top (very major area) / 939.90 major weekly channel (very major area) / 953.30 June contract's major top and 954.80 weekly charts top (very major area) / 966 daily and weekly charts major top (very major area).
 
Support:  For the June contract -
908.50 base and 907 rev. peak (major area) / 905 rev. peak and 904.20 base and 903.40 GBX rev. peak (very major area) / 900.80 rev. peak and channel also 898.80 base and 897.70 rev. day peak (major area) / 893.day session closing price and 891.20 weekly closing price (major area) / 888.40 newly developed day channel and 885 bottom (very major area) / 880 minor day channel and 878.10 day bottom also 877.70 GBX bottom and 876.80 day bottom (major area) / 874.20 minor GBX channel (major area) / 868.50 weekly day session bottom and 868.20 weekly closing price and gap also 865.70 GBX weekly bottom (very major area).
 
Comments: 
    The breakout rally on Tuesday brought prices up near the 915.90 day gap and the 920 major weekly channel that can prove to be significant enough to hold back any further rallies for a while.  A trade above 920 will be considered a breakout and the first time in three years to rev. the major trend up.  A trade above 939.90 is a confirmation breakout that can stimulate moves up near the 990 area again.  A trade today below 905 - 903.40 area is slightly bearish but only a trade below 888 - 885 area can bring any solid bearishness back to the chart.  Remain defensive inside the major trading area between 920 and 888.
                                                                                                               
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 915.50 and if possible near 920 for obj. near 908.50 - 905 area.  (Use a buy stop and rev. long at 923).
 
Aggressive traders can buy dips near 908.50 - 905 area for obj. near 914 - 915.50 area.  (Use a sell stop and rev. short at 900).
 
Buy stop at 923 for obj. near 925 - 926 area and possibly near 927.
Buy stop at 929 for obj. near 933 - 934.50 area.
Buy stop at 943 for obj. near 949 - 953 area.
 
Sell stop at 900 for obj. near 898 - 897 area.
Sell stop at 895 for obj. near 893 - 891 area and possibly near 888.
Sell stop at 884 for obj. near 881 - 880 and possibly near 876.
 

* 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 04/23/03 (10:20 am est) 

 
Short positions were taken on the first rally up to 914.20.  The sell-off down to 908.50 completes the first trade.
 
Since the 920 major resistance is so significant, it is recommended for traders to consider short positions at the 919 - 920 area if it gets there.  The obj. when repeating the trade will be near 912 - 910 area.  (Continue to use a buy stop and rev. long at 923).

Bulletin - Originally sent 04/23/03 (10:43 am est) 

 
Long positions were taken at the 908.50 area.  The rally up to 912.50 seems worthy enough to consider taking profits due to the fact that 914.50 is the high for the day.  This completes the second trade.

Bulletin - Originally sent 04/23/03 (12:53 pm est) 

 
The rally up to 918.20 is near enough to the 919 - 920 sell area.  Short positions were taken at 918.  The obj. remains near 912 - 910 area.  (Continue to use a buy stop and rev. long at 923).

Bulletin - Originally sent 04/23/03 (1:51 pm est) 

 
Short positions were taken at 918.  The sell-off down to the 913.50 seems worthy enough to consider taking profits even if it's before the 912 objective.  This completes the trade.

Results:    04/23/03

Sold @ 914               Bought @ 908.50        = + $1,375.00
Bought @ 908.50       Sold @ 912.50           = + $1,000.00
Sold @ 918               Bought @ 913.50        = + $1,125.00
TOTAL (P & L)                                               + $3,500.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 04-24-03:  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 -
919.20 newly developed day channel and 920 weekly channel (very major area) / 924 day top and 926.50 weekly closing price (major area) / 933.50 June contract's weekly top and 935 weekly charts top also 934.40 major daily channel (very major area) / 936 monthly closing price and 936.50 GBX weekly top (major area) / 939.90 major weekly channel (very major area) / 953.30 June contract's major top and 954.80 weekly charts top (very major area) / 966 daily and weekly charts major top (very major area).
 
Support:  For the June contract -
915.50 intra-day channel and base (major) / 912.50 intra-day channel also 912.50, 911.50 and 910.50 base (very major area) / 908.50 day bottom (major area) / 905 rev. peak and 904.20 base also 903.40 GBX rev. peak (major area) / 898.80 base and 897.70 rev. peak (major area) / 893 day session closing price and 892 day channel also 891.20 weekly closing price and 890 minor channel (very major area) / 885 weekly bottom and 882 minor day channel (major area) / 878.10 day bottom and 877.70 GBX bottom also 876.80 day bottom and 876 minor GBX channel (very major area) / 868.50 weekly day session bottom and 868.20 weekly closing price and gap also 865.70 GBX weekly bottom (major area). 
 
Comments: 
    The follow through rally brought prices up near the 920 major weekly channel that can prove to be significant enough to hold back any further rallies for a while.   A trade above the 920 area can bring prices up to challenge the 933.50 top and 939.90 major channel.  A trade above 939.90 will confirm the major up trend intact and can bring prices up near the 966 major top and possibly near the 990 area again.  A trade today below 912.50 - 910.50 area can bring prices down to challenge the 905 -903.40 area but only a trade below the 892 - 891.20 area can bring any solid bearishness back to the chart.  Remain defensive inside the 920 - 905 trading range.                                                                                                         
Day trades:  For the June contract -
 
Aggressive traders can enter short positions near 918 - 920 area for obj. near 915.50 - 912.50 area.  (Use a buy stop and rev. long at 923).
 
Aggressive traders can buy dips near 912.50 - 910.50 area for obj. near 915 - 917 area.  (Use a sell stop and rev. short at 908).
 
Aggressive traders can buy dips near 905 - 903.40 area for obj. near 908 - 910 area.  (Use a sell stop and rev. short at 900).
 
Aggressive traders can buy dips near 894 - 890 area for obj. near 898 - 902 area.  (Use a sell stop and rev. short at 887).
 
Buy stop at 923 for obj. near 925 - 926.50 area.
Buy stop at 929.50 for obj. near 932.50 - 933 area and possibly near 935.
 
Sell stop at 908 for obj. near 905.50 - 904.50 area.
Sell stop at 900 for obj. near 898 - 896 area and possibly near 894.
Sell stop at 887 for obj. near 885 - 882 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 04/24/03 (10:36 am est) 

 
Long positions were taken at 911 at the opening.  The rally up to 914.40 is near enough to the 915 obj. to complete the trade.

Bulletin - Originally sent 04/24/03 (11:16 am est) 

 
The stop was hit at 908 putting traders into short positions.  The intra-day double bottom at 986.80 - 907 is showing signs of support.  It is recommended to exit the short positions at the market and scratch the trade.  The market is trading at 907.80 at this time.

Bulletin - Originally sent 04/24/03 (12:07 pm est) 

 
Long positions were taken at 905.80.  The rally up to 908 - 908.20 completes the trade.

Results:    04/24/03

Bought @ 911           Sold @ 914               = + $   750.00
Sold @ 908               Bought @ 907.80      = + $     50.00     bought as per bulletin
Bought @ 905.80       Sold @ 908              = + $   550.00
TOTAL (P & L)                                             + $1,350.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 04-25-03:  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 -
913.30 peak and 914 day channel (major area) / 915.90 intra-day channel and 916.70 day top (major area) / 917.50 day gap and 918.70 newly developed day channel also 919.40 day top and 920 major weekly channel (very major area) / 924 day top also 926 and 926.50 weekly closing prices (major area) / 928.80 day session closing price and 930.50 day top (major area) / 933.50 June contract's weekly top and 935 weekly charts top also 934 major daily channel (very major area) / 936 monthly closing price and 936.50 GBX weekly top (major area) / 939.90 major weekly channel (very major area) / 953.30 June contract's major top and 954.80 weekly charts top (very major area).
 
Support:  For the June contract -
907.50 and 906.30 base also 905.60 day bottom and 905 rev. peak (major area) / 904.20 base and 903.40 rev. peak (major area) / 898.80 base and 897.70 rev. peak also 895.10 major day channel (very major area) / 892.50 minor day channel and 891.20 weekly closing price (major area) / 885 day bottom and 884 minor day channel (major area) / 881.30 major weekly channel (very major) / 878.10 day bottom and 878 minor GBX channel also 877.80 minor weekly channel and 877.70 GBX bottom also 876.80 day bottom (very major area) / 868.50 weekly day session bottom and 868.20 weekly closing price and gap also 865.70 weekly bottom (very major area).
 
Comments: 
    Thursday's trading range remained inside the neutral area as expected.  A trade above 917.50 - 920 area is bullish and can bring prices up to challenge the 933.50 top and possibly the 939.90 major weekly resistance.  A trade below 905 - 903.40 area can bring prices down to challenge the 895.10 area and possibly near the 881.30 major weekly support.  Remain defensive inside the first neutral range between 917.50 and 903.40 but overall, the 939.90 and 877.80 areas are the key indicating areas to prove a direction.     
   
Day trades:  For the June contract -
 
Aggressive traders can sell rallies near 913 - 914 area and if possible near 916 or buy dips near 908 - 906 area and if possible near 904, whichever side comes first, to complete the trade.  (Use a buy stop and rev. long at 923).  (Use a sell stop and rev. short at 900).
 
Aggressive traders can attempt long positions near 896 - 893 area for obj. near 900 - 901 area.  (Use a sell stop and rev. short at 889).
 
Buy stop at 923 for obj. near 925 - 927 area and possibly near 930.
 
Sell stop at 900 for obj. near 896 - 893 area.
Sell stop at 889 for obj. near 885 - 881.30 area.
Sell stop at 874 for obj. near 870 - 868.20 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 04/25/03 (12:39 pm est) 

 
The sell-stop was hit at 900 putting traders into short positions.  The sell-off down to 896.50 is near enough to the 896 obj. and completes the trade.

Bulletin - Originally sent 04/25/03 (1:09 pm est) 

 
Long positions were taken at 896.50 as per previous bulletin.  The rally up to 900 obj. completes the trade.

Results:    04/25/03

Bought @ 908.50       Sold @ 900              =  - $2,125.00
Sold @ 900               Bought @ 896.50      = + $   875.00
Bought @ 896.50       Sold @ 900              = + $   875.00
TOTAL (P & L)                                             -  $   375.00

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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