The Tech Guru Commodity Report 

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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 - 06/30/03 - 07/03/03
The Tech Guru's S & P Day Trading Recommendations
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 06-30-03 :  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 Sept. contract -
975.30 and 976 intra-day channel also 976.50 peak (major area) / 977.80 peak and 978 intra-day channel also 978.50 gap (major area) / 983.30 rev. weekly channel also 982.50 and 983.90 day channel (very major area) / 984.50 and 985 peaks also 985.40 minor day channel (major area) / 986.90 minor day channel and 988 day top (very major area) / 990.20 day top and 991.20 weekly closing price also 992.50 weekly top (major area) / 995.20 and 996.30 peaks (significant) / 1000.10 minor day channel with GBX prices and 1000.50 peak also 1001 day top (very major area) / 1008.60 weekly channel and 1009.80 day session closing price also 1010.20 and 1010.80 weekly channels and 1010.50 day top (very major area) / 1012.70 GBX top also 1014.50 and 1014.80 weekly double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023.10 minor weekly upper channel (major area).
 
Support:  For the Sept. contract -
971.50 and 971.80 double weekly bottom also 971.10 GBX weekly bottom also 970.90 major weekly channel (very major area) / 970 day bottom and 969.50 GBX weekly bottom (major area) / 965.70 major day channel and 965.80 minor weekly channel and 963.50 monthly bottom also 963.30 monthly gap and 962.20 day session gap (very major area) / 957.90 monthly channel but will cancel out on July 1, 2003 (major area) / 952 day gap and 950.50 minor weekly channel also 948.10 day channel and 948 day gap (very major area) / 945 day bottom and 943.20 weekly closing price also 943 minor weekly channel (very major area) / 933.20 day channel (major) / 927 weekly chart's bottom and 926 weekly bottom (very major area).
 
Comments:
    The whiplashing action sell-off on Friday remained inside the neutral area closing down near a very critical support area.  A trade below 970.90 is bearish for prices to challenge the 965.80 channel support and the 963.30 monthly gap.  Below 962.20 will challenge near 950.50 - 948 area.  A trade today above 983.30 - 985.40 area is slightly bullish but only a trade above 988 - 992.50 area can bring any significant bullishness back to the chart.  A trade above 1000.10 - 1001 will confirm the uptrend is back into play.  Remain defensive inside the first neutral trading area between 978.50 - 970.90 area.
               
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 975 - 978 area or buy dips near 972 - 970.90 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 980).  (Use a sell stop and rev. short at 968.70).
 
Aggressive traders can sell rallies near 983 - 985.40 area for obj. near 980 - 978 area.  (Use a buy stop and rev. long at 993).  (Conservative traders can use a protective buy stop at 988.30.  Do not rev. long).
 
Aggressive traders can buy dips near 965.80 - 962.20 area for obj. near 969.50 - 971 area.  (Use a sell stop and rev. short at 959.20).
 
Buy stop at 980 for obj. near 982.50 - 983.30 and possibly near 985.40.
Buy stop at 993 for obj. near 995 - 996.30 area.
 
Sell stop at 968.70 for obj. near 965.80 - 963.30 area.
Sell stop at 959.20 for obj. near 957 - 955 area and possibly near 952.
 

* 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 6/30/03 9:44 am est)

 
The buy stop at 980 was hit putting traders into long positions.  The rally up to 982.20 is near enough to the 982.50 obj., which completes the trade.
 
The market is showing resistance at the 982.20 area that can possibly bring prices down near the 972 - 970.90 area.
 
It is recommended for traders to enter short positions near 981 and again if possible near 985.  The obj. is near 972 - 971 area.  (Use a buy stop and rev. long at 993).  (Conservative traders can use a protective buy stop at 988.30.  Do not rev. long).

Bulletin - (Originally sent 6/30/03 9:44 am est)

 
Short positions were taken at 981.  The sell-off down to 977 is proving to show some support and possibly can stimulate rallies. 
 
It is recommended for traders to exit the short position near 978.50 area and take profits.

Bulletin - (Originally sent 6/30/03 9:44 am est)

 
The resistance at 985.40 and 986.90 is still considered a selling area.  Aggressive traders can sell rallies near 985 - 986.50 area for obj. near 980 - 978 area.  (Use a buy stop and rev. long at 993).  (Conservative traders can use a protective buy stop at 988.30.  Do not rev. long).

Bulletin - (Originally sent 6/30/03 9:44 am est)

 
Short positions were taken at 981.  The sell-off down to 972.50 meets the obj. and completes the trade.

Bulletin - (Originally sent 6/30/03 9:44 am est)

 
Long positions were taken at 972.50.  The rally up to 978 meets the obj. and completes the trade.

Results:    06/30/03

Sold @ 978.30        Bought @ 980         = -  $   450.00
Bought @ 980         Sold @ 982.20        = + $   550.00
Sold @ 981             Bought @ 978.50    = + $   625.00     sold as per bulletin / bought as per bulletin
Sold @ 981             Bought @ 972.50    = + $2,125.00        
Bought @ 972.50     Sold @ 978            = + $1,375.00    
TOTAL (P & L)                                         + $4,250.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 07-01-03 :  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 Sept. contract -
975.30 intra-day channel (major) / 977.30 peak and 977.60 minor day channel (major area) / 979.70 and 979.80 peaks also 979.80 day channel with GBX prices (very major area) / 982 peak and 982.80 day top also 982.80 day channel (major area) / 985 peak and 985.80 minor day channel also 988 day top (very major area) / 990.20 day top and 991.50 weekly closing price also 992.50 weekly top (major area) / 995.20 and 996.30 peaks (major area) / 998.30 minor day channel with GBX prices and 999.90 monthly channel and 1000.50 peak also 1001 day top and 1001.50 peak (very major area) / 1003.70 and 1005.10 minor monthly channel (very major area) / 1008.60 weekly channel and 1010.50 day top also 1010.20 and 1010.80 weekly channels (very major area) / 1012.70 GBX top also 1014.50 and 1014.80 weekly double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023.10 minor weekly upper channel (major area).
 
Support:  For the Sept. contract -
971.10 GBX and day bottom and 970.90 major weekly channel also 969.50 GBX bottom and 969.20 rev. weekly channel also 968.90 minor weekly channel and 967.60 major day channel (very major area) / 965.80 minor weekly channel and 963.50 monthly bottom also 963.30 gap and 962.20 day session gap (very major area) / 952 day gap and 950.50 minor weekly channel also 949.50 minor channel and 948 day gap (very major area) / 945 day bottom and 943.20 weekly closing price also 943 minor weekly channel (very major area) / 933.90 day channel (major) / 927 weekly chart's bottom and 926 weekly bottom (very major area).
 
Comments:
    The whiplashing action on Monday remained inside the neutral area leaving the chart neutral to slightly bearish inside the first neutral range between 977.60 and 970.90 and also the weekly neutral range between 982.80 - 965.80 area.  A trade below 965.80 - 963.30 area is bearish and can bring prices down to challenge the 950.50 channel support.  A trade above the 979.80 and 982.80 areas are slightly bullish but only a trade above 999.90 monthly channel can bring any solid bullishness back to the chart.  Remain defensive inside the 982.80 - 965.80 trading range.       
                   
Day trades:  For The Sept. contract -
 
Aggressive traders can buy dips near 969 - 965.80 area for obj. near 976 - 977.60 area.  (Use a sell stop and rev. short at 959.70).
 
Aggressive traders can sell rallies near 976 - 977.60 area and if possible near 979.60 for obj. near 972 - 970 area.  (Use a buy stop and rev. long at 988.70).
 
Buy stop at 988.70 for obj. near 991 - 992 area.
Buy stop at 993.30 for obj. near 995 - 996 area and possibly near 998.
 
Sell stop at 959.70 for obj. near 953.50 - 950.50 area.
Sell stop at 947 for obj. near 944.50 - 943 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 7/01/03 10:17 am est)

 
The sell-off down to 960.50 put the chart in bearish territory.  It is recommended for traders to exit long positions that were taken on the opening at 968.30.  Sell rallies near 964 - 965 area to exit long positions.  Continue to use a sell stop at 959.70 to rev short.

Bulletin - (Originally sent 7/01/03 10:55 am est)

 
The market continues to show bearish conditions in the 965 - 962 area. 
 
Aggressive traders can sell in the 962 - 963 area for obj. near 954 - 950.50 area.  (Use a protective buy stop at 970.  Do not rev. long).  Note;  The sell stop at 959.70 is intact for additional short positions.

Results:    07/01/03

Bought @ 968.30        Sold @ 964.50        = - $   950.00        
Sold @ 963                Bought @ 970         = - $1,750.00    
Sold @ 976.50           Bought @ 981.20     = - $1,175.00
TOTAL (P & L)                                            -  $3,875.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 07-02-03 :  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 Sept. contract -
982.30 and 982.80 double top (major area) / 984.70 minor day channel and 985 peak (very major area) / 988 day top and 989.30 peak also 990.20 day top (major area) / 991.50 weekly closing price and 992.50 weekly top (major area) / 995.20 and 996.30 peaks also 996.50 minor day channel with GBX prices (major area) / 999.90 monthly channel and 1000.50 peak also 1001 day top and 1001.50 peak (very major area) / 1003.70 and 1005.10 minor monthly channel (very major area) / 1008.60 weekly channel and 1010.50 day top also 1010.20 and 1010.80 weekly channels (very major area) / 1012.70 GBX top also 1014.50 and 1014.80 weekly double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023.10 minor weekly upper channel (major area).
 
Support:  For the Sept. contract -
978 intra-day channel also 977.70 and 977.50 base (major area) / 973.30 weekly closing price also 972 rev. peak (major area) / 968.60 and 968.50 double base also 966.30 intra-day channel (very major area) / 962.80 base and 962.70 newly developed major day channel also 961.80 base and 960.50 day bottom (very major area) / 952 day bottom and 951 major day channel also 950.50 minor weekly channel (very major area) / 948 day gap (major) / 945 day bottom and 943.20 weekly closing price also 943 minor weekly channel (very major area).
 
Comments:
        The rally on Tuesday brought prices up to a major resistance that could stimulate some selling pressure.  A trade above 984.70 - 985 area is slightly bullish and a trade above 992.50 can bring prices up to challenge the 999.90 monthly channel.  A trade above 999.90 - 1001 area will be considered a breakout for higher prices to develop.  A trade today below 973.30 - 972 area is slightly bearish but only a trade below 962.70 and 960.50 can bring any solid bearishness back to the chart.  Remain defensive inside the 984.70 - 973.30 neutral range.
                       
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 982 - 985 area for obj. near 978 - 977.30 area.  (Use a buy stop and rev. long at 990.50).
 
Aggressive traders can buy dips near 974 - 972 area for obj. near 977 - 979 area.  (Use a protective sell stop at 970.  Do not rev. short).
 
Buy stop at 990.50 for obj. near 993 - 996 area.
 
Sell stop at 959.70 for obj. near 954 - 950.50 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 7/02/03 3:03 pm est)

 
The buy stop was hit at 990.50 putting traders into long positions.  The double top at 991.50 is now resistance and can possibly stimulate some selling pressure. 
 
It is recommended to exit the long position near 990.50 - 991.50 area and scratch the trade.

Results:    07/02/03

Sold @ 983               Bought @ 990.50     = -  $1,875.00
Bought @ 990.50      Sold @ 991.50         = + $   250.00
TOTAL (P & L)                                            -  $1,625.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 07-03-03 :  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 Sept. contract -
994.70 minor day channel with GBX prices also 995.20 and 996.30 peaks (major area) / 999.90 monthly channel and 1000.50 peak also 1001 day top and 1001.50 peak (very major area) / 1003.70 and 1005.10 minor monthly channel (very major area) / 1008.60 weekly channel and 1010.50 day top also 1010.20 and 1010.80 weekly channels (very major area) / 1012.70 GBX top also 1014.50 and 1014.80 double top also 1015.80 weekly chart's top (very major area) / 1020 weekly top and 1023.10 minor weekly upper channel (major area) / 1025.60 Sept. contract's weekly closing price and 1028.30 weekly chart's closing price (very major area) / 1035 monthly channel and 1038.50 day top (very major area) / 1044 weekly chart's top (major area) / 1050.10 monthly channel and 1053 day top (very major area).
 
Support:  For the Sept. contract -
990.80 base and 990.70 intra-day channel also 989 and 988.80 base (major area) / 987.50 intra-day channel and 986.20 base (major area) / 985 and 983.50 base (major area) / 982.20 day bottom and 981.20 day gap also 979.50 base (very major area) / 973.30 weekly closing price and 972 rev. peak also 971 intra-day gap and 968.60 base (very major area) / 964.90 major day channel (very major area) / 962.80 base and 960.50 day bottom (major area) / 952.50 minor day channel and 952 day bottom also 950.50 minor weekly channel (very major area) / 948 day gap (major) / 945 day bottom and 943 minor weekly channel (very major area).
 
Comments:
    The rally on Wednesday was slightly out of line and overbought, which brought prices up near the major resistance at 994.50 and 999.90 that can possibly stimulate some selling pressure.  A trade above 999.90 and 1001.50 will challenge the 1003.70 and 1005.10 monthly channels and possibly near the 1014.50 double top area.  A trade today below 982.20 - 979.50 is slightly bearish but only a trade below 964.90 can bring any solid bearishness back to the chart.  Remain defensive inside the 994.50 - 979.50 trading range.
                               
Day trades:  For The Sept. contract -
 
Aggressive traders can buy dips near 986 - 983.50 and if possible near 981.20 gap for obj. near 990 - 990.70 area.  (Use a sell stop and rev. short at 978).
 
Aggressive traders can sell rallies near 992 - 994 area for obj. near 986 - 983.50 area.  (Use a buy stop and rev. long at 996.50).
 
Sell stop at 978 for obj. near 974 - 972 area.
 
Buy stop at 996.50 for obj. near 999 - 1000 area.
 
Aggressive traders can sell rallies near 999 - 1001 area for obj. near 994.50 - 992 area.  (Use a buy stop and rev. long at 1002.30).
 
Buy stop at 1002.30 for obj. near 1004 - 1005 area.
 
Aggressive traders can buy dips near 966 - 964.90 area for obj. near 970 - 972 area.  (Use a sell stop and rev. short at 959.70).
 
Sell stop at 959.70 for obj. near 955 - 952 area and possibly near 950.50.
 

* 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 7/03/03 10:26 am est)

 
Rally up to 992 - 994 area put traders into short positions.  The sell off down to 990 the first time is showing some support. 
 
It is recommended for traders to exit near 991 - 990 area and take profits. 

Bulletin - (Originally sent 7/03/03 10:51 am est)

 
The sell-off down to 978 put traders into short positions.  The rally up to 986 - 988 area is now considered a selling area for additional short positions to be considered.  (Continue to use a buy stop and rev. long at 996.50).  The obj. for the short position taken at 986 is near 981 - 979 area, where all short positions should exit.

Bulletin - (Originally sent 7/03/03 12:59 pm est)

 
Short positions were taken at 978 and 987.  The break even for both trades is at 982.50.  It is recommended for traders to exit the short positions near 982.50 and scratch the trades at the break even.

Bulletin - (Originally sent 7/03/03 1:13 pm est)

 
The sell-off down to 982.50 was a buy to complete the short position trades taken at 978 and 987, which averages both trades at a break even.

Results:    07/03/03

Bought @ 986           Sold @ 990             = + $1,000.00
Sold @ 993               Bought @ 990.50     = + $  625.00
Sold @ 978               Bought @ 982.50     = -  $1,125.00     bought as per bulletin
Sold @ 987               Bought @ 982.50     = + $1,125.00     bought as per bulletin
TOTAL (P & L)                                            + $1,625.00
The week in review - 07/07/03 - 07/11/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 07-07-03 :  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 Sept. contract -
983.40 weekly channel and 984.80 intra-day channel (very major area) / 986.50 and 986.70 peaks also 986.80 intra-day channel (major area) / 990 peak and 990.60 day channel also 992.70 minor day channel (very major area) / 994.20 weekly top also 995.20 and 996.30 peaks (major area) / 999.90 and 1001 top (very major) / 1003.70 and 1005 minor monthly channels also 1005.10 weekly channel and 1006 day channel (very major areas) / 1008.40 weekly channel and 1010.50 day top (very major area) / 1012.70 GBX weekly top and 1014.80 weekly top also 1015.80 weekly chart's top (very major area) / 1020 weekly top (major) / 1025.60 and 1028.30 weekly closing prices (very major area) / 1030 minor upper channel (major) / 1035 monthly channel (very major area). 
 
Support:  For the Sept. contract -
979.70 and 978.50 intra-day channels (major area) / 976 day bottom and 975.30 base (major area) / 971.25 major weekly channel and 969.70 minor weekly channel also 969.30 major day channel (very major area) / 968.70 minor weekly channel and 968.50 base also 967.20 and 966 day channels (very major area) / 960.50 day bottom (major) / 957 minor weekly channel and 955 minor day channel (very major area) / 952 day bottom (major) / 948.30 minor weekly channel and 948 day gap (very major area).
 
Comments:
    Friday's trading range remained inside the neutral area, closing down for the day but up for the week leaving the chart neutral between the 999.90 monthly channel resistance and the 969.70 to 966 weekly channel supports.  A trade today above 990.50 and 994.20 area is slightly bullish and can challenge the 999.90 monthly channel.  A trade above 999.90 and 1005 areas will be considered a breakout for higher prices to develop.  A trade below 979.70 - 978.50 area is slightly bearish but only a trade below 971.25 and 966 areas can bring any solid bearishness back to the chart.  Remain defensive inside today's  neutral trading area between 991 - 979.70.
                                   
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 990 - 993 area for obj. near 986 - 983.40 area.  (Use a buy stop and rev. long at 996.70).
 
Aggressive traders can buy dips near 980 - 978.50 area for obj. near 982 - 983.40 area.  (Use a sell stop and rev. short at 977.70).
 
Aggressive traders can sell rallies near 998.70 - 999.90 area for obj. near 995 - 992 area.  (Use a buy stop and rev. long at 1001.70).
 
Aggressive traders can buy dips near 971.30 - 969.70 area for obj. near 976 - 979 area.  (Use a sell stop and rev. short at 965).
 
Buy stop at 996.70 for obj. near 998.70 - 999.90 area.
Buy stop at 1001.70 for obj. near 1003 - 1005 area.
 
Sell stop at 977.70 for obj. near 973 - 971.30 area.
Sell stop at 965 for obj. near 960.50 - 957 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 7/07/03 9:47 am est)

 
The buy stop at 996.70 was hit putting traders into long positions.  The rally up to 997.50 is showing resistance because of the significance in the monthly channel at 999.90. 
 
It is recommended for traders to exit long positions and rev. short near 996 and additional short positions can be taken near 999.90.  (Continue to use a buy stop and rev. long at 1001.70).

Bulletin - (Originally sent 7/07/03 12:16 pm est)

 
The monthly resistance at 1005 is proving significant for possible retracements to the downside.  A trade above 1005 can bring prices up near the 1008.50 to 1014.50 top area. 
 
It is recommended for traders to take short positions at the market, which is trading at 1002 at this time.  The obj. is near 995 - 993 area.  (Use a buy stop and rev. long at 1006.30).
 
The buy stop at 1006.30 for obj. near 1008.30 - 1010.50 area. 

Results:    07/07/03

Sold @ 993               Bought @ 996.70     = -  $   925.00
Bought @ 996.70       Sold @ 996.50         = -  $     50.00     sold as per bulletin
Sold @ 996.50           Bought @ 1001.70   = -  $1,300.00
Sold @ 999.90           Bought @ 1001.70   = -  $   450.00
Bought @ 1001.70     Sold @ 1004            = + $   575.00
Sold @ 1002.50         Bought @ 1002.50   =     $     -0-   
TOTAL (P & L)                                             -  $2,150.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 07-08-03 :  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 Sept. contract -
1003.50 intra-day channel and 1003.50 peaks also 1003.80 and 1004.20 peaks (major area) / 1005 day top and 1006 major day channel (very major area) / 1008.40 weekly channel and 1010.50 day top (very major area) / 1012.70 GBX weekly top and 1014.80 weekly top also 1015.80 weekly chart's top (very major area) / 1020 weekly top (major) / 1025.60 and 1028.30 weekly closing price (very major area) / 1035 monthly channel (very major area) / 1044 weekly top (major) / 1050.10 monthly channel (very major area).
 
Support:  For the Sept. contract -
1000.60 minor day channel and 1000 base (major area) / 998.30, 997.80 and 995.70 base (major area) / 992.50 day bottom and 989.10 day channel with GBX prices (very major area) / 983.40 GBX bottom and 982.50 weekly closing gap (very major area) / 976 day bottom (major) / 971.50 major day channel and 971.20 major weekly channel also 969.70 and 968.70 minor weekly channels (very major area) / 960.50 weekly bottom and 957 minor weekly channel (very major area).
 
Comments:   
    The rally on Monday brought prices up near very major resistance areas that could possibly stimulate some selling pressure.  A trade above 1005 and 1006 can challenge the 1008.40 weekly channel and 1014.80 top areas.  A trade today below the 1000.60 and 995.70 areas is slightly bearish but a trade below 992.50 - 989.10 channel can bring prices down to challenge the 971.50 - 968.70 weekly channel areas.  Remain defensive inside the 1006 - 989.10 trading area.
                                   
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1003 - 1006 area for obj. near 999 - 996.50 area.  (Use a buy stop and rev. long at 1006.70).
 
Buy stop at 1006.70 for obj. near 1008.70 - 1010 area.
Buy stop at 1016.80 for obj. near 1019 - 1020 area.
 
Sell stop at 995 for obj. near 992.50 - 989.10 area.
 
Aggressive traders can buy dips near 990 - 989.10 area for obj. near 996 - 998 area.  (Use a sell stop and rev. short at 986).
 
Sell stop at 986 for obj. near 983.40 - 982.50 gap.
Sell stop at 979.30 for obj. near 973.50 - 971.50 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 7/08/03 9:46 am est)

 
The rally up to 1002.50 - 1002.70 put traders into short positions, which was near the 1003 sell area.  The obj. still remains at 999 - 996 area.

Bulletin - (Originally sent 7/08/03 4:04 pm est)

 
The buy stop was hit at 1006.70 putting traders into long positions.  The rally up to 1008.50 is near enough to the 1008.70 obj., which completes the trade.

Results:    07/08/03

Sold @ 1002.50          Bought @ 998         = + $1,125.00
Bought @ 1006.70      Sold @ 1008.50       = + $   450.00
TOTAL (P & L)                                             + $1,575.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 07-09-03 :  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 Sept. contract -
1008 day channel also 1008.50 and 1010.50 day tops (very major area) / 1012.70 GBX weekly top and 1014.80 weekly top also 1015.80 weekly chart's top (very major area) / 1020 weekly top (major) / 1025.60 and 1028.30 weekly closing prices (very major area) / 1035 monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 monthly channel (very major area).
 
Support:  For the Sept. contract -
1004.90 day channel and 1002.50 minor day channel (very major area) / 1000.50 double base and 997.50 day bottom (major area) / 994 day channel with GBX prices and 992.50 day bottom (very major area) / 990.80 minor day channel with GBX prices (major) / 983.40 GBX bottom and 982.50 weekly closing gap (very major area) / 976 day bottom (major) / 973.50 long-term day channel and 971.20 major weekly channel (very major area) / 969.70 and 968.70 minor weekly channel (major area) / 960.50 weekly bottom and 957 minor weekly channel (very major area).
 
Comments:   
    The follow-through rally on Tuesday brought prices up to a very significant resistance at 1008.40, which is the major weekly channel.  A trade above 1008.50 - 1010.50 will challenge the 1014.80 - 1015.80 top area.  A trade above 1015.80 top can bring prices up to challenge the 1028.30 - 1035 resistance area.  A trade today below 1002.50 -1000.50 area is slightly bearish but only a trade below 994 - 990.80 area can bring any solid bearishness to the chart.  Remain defensive inside the 1014.80 - 990.80 trading range.
                                       
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1007 - 1008 area for obj. near 1005 - 1004.  (Use a buy stop and rev. long at 1009.30).
 
Aggressive traders can sell rallies near 1013 - 1015 area for obj. near 1005 - 1004 area.  (Use a buy stop and rev. long at 1018.50).
 
Aggressive traders can buy dips near 992 - 990.80 area for obj. near 996 - 998 area.  (Use a sell stop and rev. short at 988).
 
Buy stop at 1009.30 for obj. near 1012 - 1014 area.
Buy stop at 1018.50 for obj. near 1020 - 1023 area and possibly near 0125.
 
Sell stop at 1000 for obj. near 997 - 996 area.
Sell stop at 988 for obj. near 983.50 - 982.50.
 

* 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 7/09/03 10:43 am est)

 
The buy stop was hit at 1009.30 putting traders into long positions.  The market is proving the significance of the resistance for possible retracements for lower prices.
 
It is recommended for traders to exit the long position near 1007 - 1008 area and cut losses. 

Bulletin - (Originally sent 7/09/03 10:46 am est)

 
The market is showing weakness and not allowing the long positions to exit near 1007 - 1008.
 
It is recommended to exit near 1006 and cut losses.

Bulletin - (Originally sent 7/09/03 11:13 am est)

 
The sell stop was hit at 1000 putting traders into short positions.  It is not known why support is being developed at this area, but it is not worth looking for the 997 obj. at this time.
 
It is recommended for traders to exit at 1000 and scratch the trade.

Results:    07/09/03

Sold @ 1007.50          Bought @ 1004.50   = + $   750.00
Bought @ 1009.30      Sold @ 1006.30       = -  $   750.00
Sold @ 1000              Bought @ 997          = + $   750.00
TOTAL (P & L)                                             + $   750.00 
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 07-10-03 :  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 Sept. contract -
1001.50 intra-day channel also 1001.70 and 1002 peaks (major area) / 1004.30 peak (significant) / 1006 intra-day channel and 1007 peak (very major area) / 1009.50 day channel and 1009.80 day top also 1010.50 day top (major area) / 1012.70 GBX weekly top and 1014.80 weekly top also 1015.80 weekly chart's top (very major area) / 1020 Sept. contract's weekly top (major) / 1025.60 and 1028.30 weekly closing prices (very major area) / 1035 monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 monthly channel (very major area).
 
Support:  For the Sept. contract -
1000.60 day channel with GBX prices also 999.20 and 998.70 base also 998.50 minor day channel areas (major area) / 996.50 day bottom and 994.50 minor day channel (very major area) / 992.50 day bottom and 990.50 rev. channel (major area) / 983.40 GBX bottom and 982.50 weekly closing gap (major area) / 976 day bottom and 975.90 long-term major day channel (very major area) / 971.25 major weekly channel also 969.70 and 968.70 minor weekly channel (very major area) / 960.50 weekly bottom and 959 major day channel also 957 minor weekly channel (very major area).
 
Comments:   
    The sell-off from the major resistance area was significant leaving the chart in neutral condition between 1007 - 994.50 area.  A trade above 1007 is slightly bullish and a trade above 1012.70 - 1015.80 area will be considered a breakout for higher prices.  A trade today below 994.50 - 990.50 area is bearish and can bring prices down to challenge the 982.50 gap - 975.90 channel support area.  Remain defensive inside the 1007 - 994.50 neutral trading range.
                                           
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1004 - 1007 area or buy dips near 995 - 992.50 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 1011.30).  (Use a sell stop and rev. short at 989.70).
 
Buy stop at 1011.30 for obj. near 1013 - 1015 area.
Buy stop at 1017.70 for obj. near 1020 - 1023 area.
 
Sell stop at 989.70 for obj. near 983.70 - 982.50.
Sell stop at 979.70 for obj. near 976.70 - 975.90 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 7/10/03 9:51 am est)

 
Long positions were taken at 993.50.  The market is now showing technical resistance at 998 - 999.50. 
 
It is recommended for all long positions to take profits near 997 - 998 area. 
 
NOTE:  The sell area between 1004 - 1007 is still considered a selling area.

Bulletin - (Originally sent 7/10/03 9:59 am est)

 
The double top rally to 996 - 996.30 was near enough to the 997 obj. and completes the trade.

Bulletin - (Originally sent 7/10/03 12:17 pm est)

 
The sell stop was hit at 989.70 putting traders into short positions.  The sell off down to 985.60 is showing some support that can possibly prevent the 983.40 obj. to be reached. 
 
It is recommended for traders to exit the short position near 987.50 - 986.50 area and take profits. 

Results:    07/10/03

Bought @ 993.50       Sold @ 996              = + $   625.00
Sold @ 989.70           Bought @ 987          = + $   625.00
TOTAL (P & L)                                             + $1,250.00   
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 07-11-03 :  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 Sept. contract -
992.30 peak (major) / 993.70 and 994.30 peaks (major area) / 996.30 day top and 996.50 rev. base to 1000.90 day gap (major area) / 1007 peak and 1008.60 newly developed long-term day channel also 1009.20 day channel and 1009.80 day top (very major area) / 1012.70 GBX weekly top and 1014.80 day session weekly top also 1015.80 weekly chart's top (very major area) / 1020 weekly top (major) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 monthly channel (very major area).
 
Support:  For the Sept. contract -
985.50 base and 985.10 newly developed day channel (major area) / 983.80 base and 983.20 minor day channel also 982.50 weekly closing price and 982 day bottom (major area) / 978 long-term major day channel and 976 day bottom (very major area) / 971.30 major weekly channel also 969.70 and 968.70 minor weekly channels (very major area) / 960.50 weekly bottom and 960 major day channel also 957 minor weekly channel (very major area) / 952 day bottom (major) / 948.30 minor weekly channel and 948 day gap (very major area) / 943.20 weekly closing price and 940 minor day channel (major area).
 
Comments:   
    The sell-off on Thursday from the neutral area brought prices down near a major day channel at 978.  The neutral to slightly bearish condition can still stimulate whiplashing to both sides.  A trade below 978 - 976 area will bring prices down to challenge the 971.30 major weekly channel.  A trade below 971.30 - 968.70 area is bearish for lower prices to follow.  A trade above 996.30 and 1000.90 area is slightly bullish but only a trade above 1007 - 1009.80 area can bring any solid bullishness back to the chart.  Remain defensive inside the first neutral trading range between 994.30 - 985.10 area and inside the wider range between 1007 - 978.
                                               
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 990 - 992 area for obj. near 987 - 985.50 area.  (Use a buy stop and rev. long at 996.80).
 
Aggressive traders can buy dips near 980 - 978 area for obj. near 985 - 987 area.  (Use a sell stop and rev. short at 975).
 
Sell stop at 984.50 for obj. near 982.50 - 978 area.
Sell stop at 975 for obj. near 972.50 - 971.30 area.
Sell stop at 967 for obj. near 962 - 960 area and possibly near 957.
 
Buy stop at 996.80 for obj. near 998.80 - 1000.90 gap.
Buy stop at 1011 for obj. near 1013 - 1014.50 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.

Results:    07/11/03

Sold @ 991               Bought @ 996.80      =  - $1,450.00
Bought @ 996.80       Sold @ 998.80          = + $  500.00
TOTAL (P & L)                                              -  $  950.00   
The week in review - 07/14/03 - 07/18/03
The Tech Guru's S & P Day Trading Recommendations
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 07-14-03 :  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 Sept. contract -
998 intra-day channel and 998.20 peak also 1000.20 day top and 1000.90 day gap (major area) / 1005.90 newly developed long-term weekly channel and 1007.01 weekly channel also 1007.34 and 1007.80 minor weekly channels (very major area) / 1009.80 weekly top and 1010.50 day top (major area) / 1012.70 GBX weekly top and 1014.80 weekly top also 1015.80 weekly chart's top (very major area) / 1020 weekly top (major) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 minor monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 minor monthly channel (very major area).
 
Support:  For the Sept. contract -
997 day channel (major) / 994.70 base and 993.70 intra-day channel (major area) / 991.80 and 991.50 double intra-day base (major area) / 989.50 day bottom and 988.70 day gap also 988.10 day channel (major area) / 985.20 GBX bottom (significant) / 982 long-term weekly channel and 982 weekly bottom also 980 long-term day channel (very major area) / 978.80 major weekly channel and 976.90 weekly channel and 976 day bottom (very major area) / 973.30 monthly closing price and 973 minor day channel (major area) / 963.60 minor weekly channel and 961 minor day channel also 960.50 weekly bottom (very major area).
 
Comments:   
    Friday closed in the middle of the weekly trading range, which is neutral but it managed to close at the highest weekly closing price in one year leaving the chart in neutral to bullish condition.  The double top at 1015.80 is still considered major resistance.  A trade above 1007.10 - 1007.80 channels is bullish and a trade above the 1014.80 - 1015.80 tops will be considered a breakout for higher prices to develop.  A trade today below 989.50 - 988.10 area is slightly bearish but only a trade below 982 can bring any solid bearishness back to the chart.  Remain defensive inside the 1007.80 - 988.10 neutral trading area.
                                                   
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1006 - 1007.80 area for obj. near 997 - 995 area.  (Traders can use a protective buy stop at 911.70.  Do not rev. long).
 
Aggressive traders can attempt short positions near 1014 - 1015.80 area for obj. near 1008 - 1005 area.  (Use a buy stop and rev. long at 1018.80).
 
Aggressive traders can buy dips near 990 - 988 area for obj. near 995 - 996 area.  (Use a sell stop and rev. short at 986).
 
Aggressive traders can attempt long positions near 983 - 980 area for obj. near 988 - 989 area.  (Use a sell stop and rev. short at 975).
 
Buy stop at 1011.70 for obj. near 1013.50 - 1014.50 area and possibly near 1015.80.
Buy stop at 1018.80 for obj. near 1021 - 1024 area.
 
Sell stop at 986 for obj. near 983 - 982 area.
Sell stop at 975 for obj. near 973 - 972 area.
Sell stop at 970 for obj. near 965 - 963 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 07/14/03 (12:25 pm est)

 
Short positions were taken at 1014.  The sell off down to 1009.30 is showing some signs of support and can be considered a profit taking area.
 
It is recommended for traders to exit at the market, which is trading at 1010 and take profits.

Results:    07/14/03

Sold @ 1007.80           Bought @ 1011.70        = -  $   975.00
Bought @ 1011.70       Sold @ 1013.50            = + $   450.00
Sold @ 1014               Bought @ 1010             = + $1,000.00
TOTAL (P & L)                                                   + $   475.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 07-15-03 :  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 Sept. contract -
1003.20 peak and 1005 intra-day channel (major area) / 1008.70 and 1008.90 double peak (major area) / 1013.50 peak and 1014.80 double top (very major area) / 1020 weekly top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 minor monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 minor monthly channel (very major area).
 
Support:  For the Sept. contract -
1001 intra-day channel and 1000.30 day bottom (major area) / 997.30 weekly closing gap and 997.20 GBX bottom (very major area) / 991.80 and 991.50 double base area also 991 day channel (major area) / 989.20 day bottom and 988.70 day gap (major area) / 985.20 GBX bottom (significant) / 982 long-term weekly channel and 982 weekly bottom also 982.50 long-term day channel (very major area) / 978.80 major weekly channel and 976.90 weekly channel also 976 day bottom (very major area) / 974 minor day channel and 973.30 monthly closing price (major area) / 963.60 minor weekly channel and 963 minor day channel also 960.50 weekly bottom (very major area).
 
Comments:  
    The sell-off on Monday from the 1014.80 major top area proved the significance of the area but the market managed to close up for the second day leaving the chart neutral inside the 1013.50 and 991 trading area.  A trade above the 1014.80 - 1015.80 top areas will be considered a breakout for higher prices to develop.  A trade today below 991 is slightly bearish but only a trade below 982 - 976 area can bring any solid bearishness back to the chart.  Remain defensive inside the 1014.80 - 982 trading area until a breakout is seen to either side.   
                                                       
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1008.50 - 1013.50 area for obj. near 994 - 991 area.  (Use a buy stop and rev. long at 1018.70).
 
Aggressive traders can buy dips near 992 - 991 area for obj. near 995 - 997 area.  (Use a sell stop and rev. short at 987).
 
Buy stop at 1018.70 for obj. near 1021 - 1024 area.
 
Sell stop at 987 for obj. near 983.50 - 982 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 07/15/03 (11:07 am est)

 
Short positions were taken this morning at 1009.50.  The sell-off down to 1001.70 is showing signs of support that stimulated rallies into neutral conditions.
 
It is recommended to exit the short position at the market, which is trading at 1005.50 at this time, and take profits.  NOTE:  A trade below 1000.50 is bearish for prices to possibly reach the 991 support area.

Bulletin - Originally sent 07/15/03 (2:37 pm est)

 
As per bulletin short positions were taken at 1000.  The sell-off down to 995.50 - 996 area seems to be worthy enough for traders to take profits.  NOTE: The 992 - 991 area is considered major support and a buying area if it gets there.

Results:    07/15/03

Sold @ 1009.50          Bought @ 1005.50         = + $1,000.00     bought as per bulletin
Sold @ 1000               Bought @ 996               = + $1,000.00     sold as per bulletin / bought as per bulletin
TOTAL (P & L)                                                   + $2,000.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 07-16-03 :  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 Sept. contract -
1003 intra-day channel and 1004.20 double peak also 1005.20 minor day channel (major area) / 1008 and 1008.50 peaks and 1010 day top (major area) / 1013.50 and 1013.70 peaks also 1014.80 double top and 1015.80 weekly top (very major area) / 1020 weekly top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 minor monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 minor monthly channel (very major area).
 
Support:  For the Sept. contract -
1000.20 and 999.60 minor day channels also 998.70 intra-day channel and 997.10 base (major area) / 995.20 day bottom and 994.30 day channel (very major area) / 989.20 day bottom and 988.70 day gap (major area) / 985.20 GBX bottom and 984.50 major day channel (very major area) / 982 long-term weekly channel and 982 weekly bottom (very major area) / 975.50 minor day channel and 973.30 monthly closing price (major area) / 963.60 minor weekly channel and 960.50 weekly bottom (very major area).
 
Comments:   
    The whiplashing action Tuesday inside the neutral area leaves the chart neutral between 1005.20 and 994.30 area.  A trade above 1005.20 - 1010 area is bullish and a trade above 1014.80 - 1015.80 tops will be considered a breakout for higher prices to follow.  A trade today below 994.30 is slightly bearish but only a trade below 984.50 - 982 area can bring any solid bearishness back to the chart.  Remain defensive inside the 1005.20 - 994.30 neutral area.       
                                                       
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 1002.50 - 1005.20 area for obj. near 1000.50 - 999.60.  (Use a protective buy stop at 1011.70.  Do not rev. long).
 
Aggressive traders can buy dips near 985 - 982 area for obj. near 989 - 991 area.  (Use a sell stop and rev. short at 979).
 
Buy stop at 1018.70 for obj. near 1021 - 1024 area.
 
Sell stop at 998 for obj. near 995.50 - 994.30 area.
Sell stop at 992 for obj. near 989.50 - 988.70 and possibly near 986.
Sell stop at 979 for obj. near 976 - 975.50 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 07/16/03 (9:38 am est)

 
Short positions were taken on the opening at 1004.  The sell off down to 1001.50 is near enough to 1000.50 to complete the trade.

Results:    07/16/03

Sold @ 1004             Bought @ 1001.50         = + $   625.00
Sold @ 998               Bought @ 995               = + $   750.00
Sold @ 992               Bought @ 989.50           = + $   625.00
TOTAL (P & L)                                                  + $2,000.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 07-17-03 :  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 Sept. contract -
997.20 intra-day channel and peak (major area) / 999.20 peak and 1000.40 day channel (major area) / 1003.40 and 1004.40 day channels with GBX prices also 1004 day top (very major area) / 1007.20 GBX top and 1010 day top (major area) / 1013.60 day channel and 1014.80 double weekly top also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 minor monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 minor monthly channel (very major area).
 
Support:  For the Sept. contract -
990 day channel (major) / 988 minor day channel and 987.50 day bottom also 987 long-term day channel (very major area) / 985.20 GBX bottom and 982 long-term weekly channel also 982 weekly bottom (very major area) / 977 minor day channel and 976 day bottom (major area) / 973.30 monthly closing price (major) / 965 minor day channel and 963.60 minor weekly channel (very major area) / 960.50 weekly bottom (major) / 953.60 minor weekly channel and 952 day bottom to 948 day gap (very major area).
 
Comments:   
    The sell-off on Wednesday brought prices below the weekly closing price, which put some bearishness into the chart.  The market still faces the major weekly channel support at 982, which is supportive enough and can stimulate some buying.  A trade below 982 is bearish and can bring prices down to challenge the 963.60 - 960.50 area and possibly near the 948 day gap.  A trade today above 997.20 - 1000.40 area is slightly bullish but only a trade above 1003.40 - 1004.40 area can bring any solid bullishness back to the chart  A trade above the 1014.80 - 1015.80 top area will be considered a breakout for higher prices.  Remain defensive inside the 1003.40 and 982 neutral trading area.   
                                                           
Day trades:  For The Sept. contract -
 
Aggressive traders can buy dips near 987.50 - 987 area and if possible near 982 for obj. near 996 - 999 area.  (Use a sell stop and rev. short at 979).
 
Aggressive traders can sell rallies near 999 - 1003 area for obj. near 996 - 994 area.  (Use a buy stop and rev. long at 1005.30).
 
Buy stop at 1005.30 for obj. near 1007 - 1007.50 area and possibly near 1009.
Buy stop at 1018.70 for obj. near 1021 - 1024 area.
 
Sell stop at 979 for obj. near 976 - 973.30 area.
Sell stop at 970 for obj. near 966 - 963.60 area.
 

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

Bulletin - Originally sent 07/17/03 (12:34 pm est)

 
Long positions were taken on the opening at 986.80.  The sell off down to 982 is the major weekly channel where an additional long position was added at 982.  There is now showing resistance at 990.50 which is an intra-day down channel and the 991.20 top.  (Continue to use a sell stop and rev. short at 979). 
 
Traders should exit all long positions near 989 - 991 area and take profits.  The resistance at 999 - 1003.40 is still considered a selling area for short positions to be taken.     

Bulletin - Originally sent 07/17/03 (1:08 pm est)

 
The sell-stop was hit at 979 putting traders into short positions.  The market is proving to show signs of support at the 978.30 area at this time. 
 
It is recommended for traders to exit the short position near 979.50 and scratch the trade.

Results:    07/17/03

Bought @ 986.80       Sold @ 979                  = -  $1,950.00
Bought @ 982            Sold @ 979                 = -  $   750.00
Sold @ 979                Bought @ 979.50         = -  $   125.00
TOTAL (P & L)                                                 -  $2,825.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 07-18-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Sept. contract -
981.50 and 982.80 peaks (major area) / 986.20 and 986.50 peaks also 986.50 and 989.80 intra-day channels (very major area) / 991.30 day top and 992 day channel (major area) / 993.80 GBX top and 995.10 day gap also 995.70 peak and 996 minor day channel (major area) / 997.30 weekly closing price and 999 minor day channel with GBX prices also 999.20 peak (very major area) / 1000.90 day session closing price (major) / 1004 day top and 1007.20 GBX top (major area) / 1010 day top (major) / 1013.50 day channel and 1014.80 double weekly top also 1015.80 weekly chart's top (very major area).
 
Support:  For the Sept. contract -
978.10 newly developed day channel also 976.80 bottom and 976 (very major area) / 973.30 monthly closing price (major) / 966.50 minor day channel and 963.60 minor weekly channel (very major area) / 960.50 weekly bottom (major) / 953.60 minor weekly channel and 952 day bottom (very major area) / 948 day gap and 945 day bottom (major area) / 943.50 minor day channel (very major area).
 
Comments:         
    The sell-off on Thursday brought prices down near a major support at 976.90 bottom and 976.  A trade below 976 can bring prices down to challenge the 963.60 weekly channel and 960.50 bottom.  A trade below 960.50 will reverse the major trend to the downside for lower prices to follow.  A trade today above 989.80 is slightly bullish but only a trade above 999 can bring any solid bullishness back to the chart.  Remain defensive inside the 989.80 and 976.80 neutral range.         
                                                               
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 985 - 989 area for obj. near 982.50 - 981 area.  (Use a buy stop and rev. long at 992).
 
Aggressive traders can buy dips near 981 - 978 area for obj. near 984 - 986 area.  (Use a sell stop and rev. short at 974.70).
 
Buy stop at 992 for obj. near 995 - 999 area.
Buy stop at 1001.70 for obj. near 1004 to and possibly near 1006 - 1007.20 area.
 
Sell stop at 974.70 for obj. near 970 - 966.50 area.
Sell stop at 957.50 for obj. near 954.50 - 952 area and possibly near 948 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 07/18/03 (9:57 am est)

 
Short positions were taken at 986 on the opening.  The sell off down to 983 is near enough to the 982.50 obj. and completes the trade.

Bulletin - Originally sent 07/18/03 (10:19 am est)

 
Long positions were taken at 981.50.  The rally up to 983.80 is near enough to the 984 obj. and completes the trade.

Bulletin - Originally sent 07/18/03 (10:47 am est)

 
The sell-off down to 980 put traders into long positions again.  The rally up to 984 meets the obj. and completes the trade.

Results:    07/18/03

Sold @ 986 Bought @ 983 = + $   750.00
Bought @ 981.50 Sold @ 983.70 = + $   550.00
Bought @ 980.50 Sold @ 984 = + $   875.00
Bought @ 992 Sold @ 990.50  = -  $   375.00
TOTAL (P & L)    + $1,800.00
The week in review - 07/21/03 - 07/25/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 07-21-03 :  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 Sept. contract -
990.80 minor day channel and 991.50 intra-day and 992 peak (major area) / 995.10 day gap and 995.80 minor day channel with GBX prices also 997.30 weekly closing price (very major area) / 1000.90 and 1002.60 day session closing price and 1004 day top (major area) / 1007.20 GBX top and 1008.50 peak also 1010 day top (major area) / 1011.30 major weekly channel also 1012.10 and 1012.50 minor weekly channels (very major area) / 1014.80 double weekly tops also 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 minor monthly channel (very major area) / 1038 day top (major) / 1044 weekly top (major) / 1050.10 minor monthly channel (very major area).
 
Support:  For the Sept. contract -
988 intra-day channel and 987.30 weekly channel (major) / 985.80 and 984.90 weekly channel also 984.50 intra-day base and 983.20 minor day channel (major area) / 980.60 weekly channel and 980 day bottom also 979.60 and 979.50 day channels (very major area) / 976.80 and 976 double bottom area (major area) / 970.20 weekly channel and 968 minor day channel (very major area) / 960.50 weekly bottom and 958.90 weekly channel (very major area) / 952 day bottom to 948 day gap (major area) / 945 day bottom and 944.50 minor day channel (major area).
 
Comments:     
    The rally on Friday from the support area was significant and removed some of the bearishness from the chart but the weekly closing price was lower from last, which leaves the chart in neutral to slightly bearish condition.  A trade below 980.60 weekly channel and 980 bottom is bearish and can bring prices down to challenge the 970.20 channel and possibly near the 958.90 weekly channel support.  A trade below the 960.50 - 958.90 area will confirm a new downtrend is back into play for lower prices.  A trade today above the 995.80 - 997.30 area is slightly bullish but only a trade above 1007.20 - 1011.30 area can bring any solid bullishness back to the chart.  Remain defensive inside the 992 - 987 first neutral area and also the 995.80 - 983.20 second neutral area.    
   
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 991 - 992 area or buy dips near 988 - 987 area, whichever side comes first to complete the trade.  NOTE:  If the market opens above or below this first trading area, then cancel this first trade and move to the second and third trades.
 
Aggressive traders can sell rallies near 995 - 997 area for obj. near 989 - 987 area.  (Use a buy stop and rev. long at 998.70).
 
Aggressive traders can buy dips near 983.20 - 980.60 area for obj. near 987 - 990 area.  (Use a sell stop and rev. short at 975.90).  (Conservative traders can use a protective sell stop at 978.90.  Do not rev. short).
 
Buy stop at 998.70 for obj. near 1000.50 - 1002 area.
Buy stop at 1005.20 for obj. near 1007.20 - 1010 area.
Buy stop at 1018.80 for obj. near 1021 - 1024 area.
 
Sell stop at 975.80 for obj. near 972 - 969 area.
Sell stop at 967 for obj. near 963 - 958.90 area.
Sell stop at 955.90 for obj. near 952 - 948 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 7/21/03 9:37 am est)

 
Short positions were taken on the opening at 990.  The sell-off down to 988 - 987 area completes the trade.

Bulletin - (Originally sent 7/21/03 9:48 am est)

 
The sell-off down to 984.20 is near enough to 984.30 putting traders into long positions.  The obj. remains near 987 - 990 area.  (Continue to use a sell stop and rev. short at 975.90).  (Conservative traders can use a protective sell stop at 978.90.  Do not rev. short).

Bulletin - (Originally sent 7/21/03 9:53 am est)

 
Long positions were taken at 984.20.  The rally up to 987 meets the obj. and completes the trade.

Bulletin - (Originally sent 7/21/03 3:27 pm est)

 
The sell stop was hit at 975.80 putting traders into short positions.  The market is showing signs of support with an intra-day congestion developing at the 973.60 - 974.50 area. 
 
It is recommended to exit short positions near the 974.50 - 973.50 area to take profits and complete the trade.

Results:    07/21/03

Sold @ 990 Bought @ 987.50 = + $   625.00
Bought @ 984.20 Sold @ 987 = + $   700.00
Sold @ 975.80 Bought @ 974.50   = + $   325.00
TOTAL (P & L)    + $1,650.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 07-22-03 :  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 Sept. contract -
978.70 intra-day channel also 979 and 979.80 peaks also 980.80 and 981 peaks (major area) / 985 minor day channel and 985.20 peak (major area) / 986.80 minor day channel and 987.10 GBX channel (very major area) / 990 day top and 990.50 weekly closing gap also 992.10 GBX top (major area) / 993.20 day top to 995.10 day gap also 995.70 peak (major area) / 1000.90 and 1002.60 day session closing prices and 1004 day top (major area) / 1008.50 peak and 1010 day top (major area) / 1011.30 weekly channel also 1012.10 and 1012.50 minor weekly channels also 1012.70 GBX top (very major area) / 1014.80 double weekly top also 1015.80 weekly chart's top (very major area).
 
Support:  For the Sept. contract -
973.60 bottom and 970.20 weekly channel also 969.50 minor day channel (very major area) / 963.30 and 962.20 monthly closing prices (major area) / 960.50 weekly bottom and 958.90 weekly channel (very major area) / 952 day bottom (major) / 948 day gap and 945 day bottom also 945 minor day channel (very major area) / 930.90 weekly closing price (major) / 927 and 926 weekly bottoms (very major area).
 
Comments:     
    The sell-off on Monday put the chart into bearish condition for a possible retracement down near the 900 area, which is the major 50% retracement area.  A trade below the 970.20 channel support is bearish and can bring prices down to challenge the 960.50 bottom and 958.90 channel support.  A trade below 960.50 - 958.90 will confirm the downtrend intact for prices to challenge the 50% retracement area near 900.  A trade today above 985 - 987.10 area is slightly bullish but only a trade above 1007.20 - 1012.50 can bring any solid bullishness back to the chart.  Remain defensive today inside the 987 - 970.10 trading range. 
       
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 985 - 987 area for obj. near 977 - 975 area.  (Use a buy stop and rev. long at 988.70).
 
Buy stop at 988.70 for obj. near 992 - 995.10 gap area.
 
Sell stop at 976 for obj. near 973 - 970.20 area.
Sell stop at 967 for obj. near 963 - 960.50 area and possibly near 958.90.
Sell stop at 956 for obj. near 952 - 948 gap area.
 

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

Bulletin - (Originally sent 7/22/03 10:02 am est)

 
Short positions were taken on the opening at 982.50.  The sell off down to 977.40 is near enough to the 977 obj. and completes the trade. 
 
Since the 985 - 987.10 area is a very major resistance, rallies up near that area are still a sell.  The obj. remains again at 978 - 977 area.  (Continue to use a buy stop and rev. long at 988.70).

Bulletin - (Originally sent 7/22/03 10:22 am est)

 
As per bulletin, short positions were taken at the 981.50 area, which is near enough to the 982 selling area and top.  The sell-off down to the 978 - 977 area completes the trade. 

Bulletin - (Originally sent 7/22/03 12:21 pm est)

 
The 988.70 buy stop was hit putting traders into long positions.  The technical formation is overbought and showing signs of resistance at the 990 top area.
 
It is recommended for traders to exit long positions near the 987- 987.50 area and cut losses.

Results:    07/22/03

Sold @ 982.50 Bought @ 977.50 = + $1,250.00
Sold @ 981.50 Bought @ 977.50 = + $1,000.00
Sold @ 976 Bought @ 974.50 = + $   375.00
Bought @ 988.70 Sold @ 987   = -  $   425.00
TOTAL (P & L)    + $2,200.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 07-23-03 :  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 Sept. contract -
988.20 minor day channel with GBX prices and 989.30 day top (major area) / 990 day top and 990.50 weekly closing gap also 990.40 GBX channel (very major area) / 992.10 GBX top and 993.20 day top also 993.80 GBX top and 995.10 day gap (major area) / 997.30 weekly closing price (major area) / 1000.90 day session closing price (major) / 1004 day top (major) / 1007.20 GBX top (major) / 1010 day top and 1011.30 weekly channel also 1012.10 and 1012.50 weekly channels (very major area) / 1014.80 double weekly top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 monthly channel (very major area).
 
Support:  For the Sept. contract -
984.70 base (major) / 981 base (major) / 976.80 base and 976 day channel (very major area) / 974.20 and 973.60 day bottoms (major area) / 970.20 weekly channel and minor day channel (very major area) / 960.50 weekly bottom and 958.90 weekly channel (very major area) / 952 day bottom (major) / 948 day gap and 946 minor day channel also 945 day bottom (very major area).
 
Comments:     
    The whiplashing action seen over the past four days leaves the chart technically neutral inside the major trading area between 1011.30 and 970.20.  A trade above or below today's neutral area, between 995.10 and 976, is significant but only a trade above or below the 1011.30 - 970.20 area can prove to point a direction.  Remain defensive inside both trading areas until a solid direction is established.
           
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 988 - 990 area and if possible near 991 for obj. near 985.50 - 981 area.  (Use a buy stop and rev. long at 997.80).  (Conservative traders can use a protective buy stop at 993.  Do not rev. long).
 
Aggressive traders can sell rallies near 992 - 995.10 area for obj. near 985.50 - 981 area.  (Use a buy stop and rev. long at 997.80).
 
Buy stop at 997.80 for obj. near 1000.90 - 1001.
Buy stop at 1005.20 for obj. near 1007.20 - 1009 area.
 
Sell stop at 979.70 for obj. near 976.80 - 976 area.
Sell stop at 974 for obj. near 971.50 - 970.20 area.
Sell stop at 968 for obj. near 964 - 960.50 area and possibly near 958.90. 
 

* 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 7/23/03 9:41 am est)

 
Short positions were taken at 988.  The sell off down to 983.70 completes the trade. 

Bulletin - (Originally sent 7/23/03 10:15 am est)

 
The sell stop at 979.70 was hit putting traders into short positions.  The whiplashing and double bottom formation is proving that this area has signs of support.
 
It is recommended for traders to exit the short position near 980.50 - 979.50 area and cut losses.

Results:    07/23/03

Sold @ 988 Bought @ 984 = + $1,000.00
Sold @ 979.70 Bought @ 979   = + $   175.00
TOTAL (P & L)    + $1,175.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 07-24-03 :  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 Sept. contract -
987.90 minor day channel and 988.90 day top (major area) / 989.90 GBX channel and 990.50 weekly closing price (major area) / 992.10 GBX top and 993.20 day top also 993.80 GBX top and 995.10 day gap (major area) / 997.30 weekly closing price (major area) / 1000.90 day session closing price (major) / 1004 day top (major) / 1007.20 GBX top (major) / 1010 day top and 1011.30 weekly channel also 1012.10 and 1012.50 weekly channels (very major area) / 1014.80 double weekly top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 monthly channel (very major area).
 
Support:  For the Sept. contract -
985.30 rev. channel and 984.50 base (major area) / 981.20 minor day channel also 980.30 intra-day channel and gap (major area) / 978.20 long-term day channel and 977.70 day bottom also 976.40 minor day channel (very major area) / 974.20 and 973.60 day bottoms (major area) / 970.20 weekly channel and minor day channel (very major area) / 960.50 weekly bottom and 958.90 weekly channel (very major area) / 952 day bottom (major) / 948 day gap and 946.50 minor day channel also 945 day bottom (very major area).
 
Comments:  
    The whiplashing action continued again for the fifth day leaving the chart neutral inside the 995.10 gap to 978.20 channel area.  A trade above 997.20 and 1000.90 area is slightly bullish but only a trade above 1011.30 - 1012.50 can bring any solid bullishness back to the chart.  A trade below 980.30 and 976.40 area is bearish but a trade below 970.20 can confirm the beginning of a major downtrend.  Remain defensive until a solid direction can be established.       
               
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 992 - 995.10 area for obj. near 988.90 - 986 area.  (Use a buy stop and rev.long at 998.30).
 
Aggressive traders can buy dips near 983 - 981.20 for obj. near 986 - 987 area.  (Use a sell stop and rev. short at 976).
 
Buy stop at 998.30 for obj. near 1000.30 - 1001 area.
Buy stop at 1005.20 for obj. near 1007.20 - 1009 area.
Buy stop at 1018.70 for obj. near 1021 - 1024 area.
 
Sell stop at 976 for obj. near 973 - 970.20 area.
Sell stop at 968 for obj. near 964 - 960.50 area and possibly near 958.90.
 

* 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 7/24/03 9:51 am est)

 
Short positions were taken at 993.70 on the opening.  The sell-off down to 989.30 is near enough to the 988.90 obj. and completes the trade.

Bulletin - (Originally sent 7/24/03 3:24 pm est)

 
Short positions were taken at the 995.10 gap area and was completed with the sell-off down to 983.
 
Long positions were taken at 983.  The rally up to 985.40 is near enough to the 986 obj. and completes the trade.

Bulletin - (Originally sent 7/24/03 3:43 pm est)

 
Due to the neutral to bearish conditions of the market the 883 - 881 buying area will not be repeated.  It is now a high risk trade.

Results:    07/24/03

Sold @ 993.70 Bought @ 989.50 = + $1,050.00
Sold @ 995.10 Bought @ 983 = + $3,025.00
Bought @ 983 Sold @ 985.30   = + $   575.00
TOTAL (P & L)    + $4,650.00
 
   thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 07-25-03 :  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 Sept. contract -
980.50 intra-day channel and 980.70 peak (major area) / 985.50 double peak (major area) / 987.60 day session closing price and 989.70 peak (major area) / 990.50 weekly closing price and 991.70 rev. base (major area) / 994.70, 995 and 995.20 congestion peak area also 995.90 newly developed day channel (very major area) / 997 minor day channel and 997.30 weekly closing price also 998 day top (major area) / 1000.90 day session closing price (major) / 1004 day top (major) / 1007.20 GBX top (major) / 1010 day top and 1011.30 weekly channel also 1012.10 and 1012.50 weekly channels (very major area) / 1014.80 double weekly top and 1015.80 weekly chart's top (very major area) / 1020 day top (significant) / 1025.60 and 1028.30 weekly closing prices (major area) / 1035 monthly channel (very major area).
 
Support:  For the Sept. contract -
980.20 long-term day channel and 979 day channel (major area) / 977.70 day bottom and 976.90 day channel also 976 minor day channel (very major area) / 974.20 and 973.60 day bottoms (major area) / 970.20 weekly channel (very major area) / 960.50 weekly bottom and 958.90 weekly channel (very major area) / 952 day bottom (major) / 948 day gap and 947.50 minor day channel also 945 day bottom (very major area).
 
Comments:  
    The sell-off on Thursday from the major resistance proved the significance of the area but Thursday's day sessions range remained inside the neutral area, which continues to leave the chart neutral inside the 987 - 970.20 trading range.  A trade above or below this range today can possibly point the direction for next week.  Remain defensive inside the first neutral range between 985.50 and 976.90.
                   
Day trades:  For The Sept. contract -
 
Aggressive traders can sell rallies near 984 - 985.50 or buy dips near 980.50 - 979 area.  (Use a buy stop and rev. long at 992).  (Conservative traders can use a protective buy stop at 986.70.  Do not rev. long).  (Use a sell stop and rev. short at 975.80).
 
Aggressive traders can sell rallies near 995 - 997 area for obj. near 987 - 985 area.  (Use a buy stop and rev. long at 998.70).
 
Buy stop at 992 for obj. near 995 - 997.
Buy stop at 998.70 for obj. near 1000.50 - 1001 area.
Buy stop at 1005.20 for obj. near 1007.20 - 1009 area.
 
Sell stop at 975.80 for obj. near 972 - 970.20 area.
Sell stop at 968 for obj. near 963 - 960.50 area and possibly near 958.90.
 

* 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 7/25/03 9:48 am est)

 
Long positions were taken at 980.50.  The rally up to 983.30 is near enough to the 984 obj. and completes the trade.
 
This trade will not be repeated because of the neutral conditions that has developed.  This area is now considered a high risk trade.

Bulletin - (Originally sent 7/25/03 11:14 am est) 

 
The sell stop at 975.80 was hit putting traders into short positions.  The market is showing the support at 976 to be significant, which is stimulating some rallies and could turn out to be the low for the day.
 
It is recommended for traders to exit short positions near the 980 - 979 area and cut losses.

Bulletin - (Originally sent 7/25/03 1:36 pm est) 

 
Due to the technical condition it is recommended to cancel the 992 buy stop for long positions to be taken.  The risk/ reward makes the trade a high risk.
 
The 995 - 997 area is still considered a selling area if it gets there.

Bulletin - (Originally sent 7/25/03 1:41 pm est) 

 
Aggressive traders can attempt short positions near 989 - 990 area for obj. near 985 - 981 area.  (Use a protective buy stop at 992.  Do not rev. long).

Results:    07/25/03

Bought @ 980.50 Sold @ 983.30 = + $   700.00     sold as per bulletin
Sold @ 985.50 Bought @ 980.50 = + $1,250.00
Sold @ 975.80 Bought @ 980 = -  $1,050.00
Sold @ 989.50 Bought @ 992 = -  $   625.00     sold as per bulletin
Sold @ 996 Bought @ 996   =    $     -0-     
TOTAL (P & L)    + $   275.00

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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