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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
- 09/29/03
- 10/03/03
The Tech Guru's
S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING
THE S & P
S & P - For Monday
09-29-03 : 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 Dec. contract -
999 intra-day channel also 999.25 and 999.75 peaks (major area)
/ 1001.20 peak also 1002 intra-day channel and day top (very
major area) / 1014.30 day top and 1016.30 intra-day channel
also 1016.90 and 1017.40 day channels (very
major area) / 1023.50 minor day channel (major area)
/ 1027.70 day top and 1028.20 GBX top also 1028.50 weekly top (major
area) / 1031.80 GBX weekly top and 1032.90 weekly closing gap also
1032.70 major weekly channel (very major area)
/ 1034.40 and 1035.50 weekly channels (very
major area) / 1038.50 weekly top and 1039 GBX weekly top (major
area).
Support: For
the Dec. contract -
992.90 weekly channel and 992.50 major monthly channel also 991 day channel (very
major area) / 989.50 day bottom also 987.30 monthly channel (very
major area) / 983.70 weekly channel and 982.70 day channel
also 980.80 weekly bottom (very major area)
/ 979 and 978 day bottoms also 977.80 monthly channel and 976.20 weekly
closing price (very major area)
/ 971.50 weekly bottom (major area) / 960.50 day bottom and
958.50 weekly chart's bottom also 957 Dec. contract's weekly bottom (very
major area) / 946.30 day gap (major area).
Comments:
The narrow trading range on Friday leaves the chart in
neutral to bearish condition facing the 992.90 and 992.50 major channel
supports. A trade below 992.50 - 991 area is bearish and will
challenge the 987.30 monthly channel and possibly near the 983.70 and 982.70
channel support. A trade this week below 983.70 and 980.80 can prove
to be the beginning of a major downtrend for prices to possibly reach down
near the 915 - 900 area again. A trade today above 1014.30 - 1017.40
area is slightly bullish but only a trade above 1032.70 - 1035.50 can bring
any solid bullishness back to the chart. Remain defensive inside the
first trading range between 999 and 992.50 and also inside the weekly range
between 1035.50 - 983.70.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 998 - 999.50 area
for obj. near 996 - 994 area. (Use a buy stop and rev. long at
1002.70).
Aggressive traders can buy dips near 993 - 992.50 area for
obj. near 996 - 999 area. (Use a sell stop and rev. short at 986).
Buy stop at 1002.70 for obj. near 1009 - 1012 area.
Buy stop at 1019 for obj. near 1022 - 1023.50 area.
Sell stop at 986 for obj. near 984 - 982.50 area.
Sell stop at 976 for obj. near 973 - 971.50 area.
Bulletin - Originally sent 09/29/03 (10:49 am est)
Short positions were taken at 998.50. The
sell-off down to 996.20 is near enough to the 996 obj. and completes the
trade.
Bulletin - Originally sent 09/29/03 (11:11 am est)
The sell-off down to 993.50 is near enough to the
993 buy area putting traders into long positions.
Bulletin - Originally sent 09/29/03 (11:16 am est)
Long positions were taken at 993.50. The
obj. still remains near the 996 - 999 area. Continue to use a sell stop
and rev short at 986.
Bulletin - Originally sent 09/29/03 (11:26 am est)
Long positions were taken at 993.50. The
rally up to 996.50 meets the obj. and completes the trade.
Bulletin - Originally sent 09/29/03 (12:43 pm est)
The buy stop was hit at 1002.70, putting traders
into long positions. The market is showing resistance at the 1004.50
area.
It is recommended to exit the long positions at
the market, which is trading at 1003.50 and take profits.
Results: 09/29/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P - For Tuesday
09-30-03 : 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 Dec. contract -
1004.50 intra-day channel and 1004.60 peak also 1005.30 day top (major
area) / 1011.20 and 1011.70 peaks also 1011.50 intra-day
channel (major area) / 1013.30 day channel and 1013.80
GBX channel also 1014.30 day top (very
major area) / 1019.50 minor day channel with GBX prices
and 1021 GBX minor day channel (major area) / 1027.70
day top and 1028.20 GBX top also 1028.50 weekly top (major area)
/ 1031.80 GBX top and 1032.90 weekly closing gap also 1032.70 major
weekly channel (very major area)
/ 1034.40 and 1035.50 weekly channels (very
major area) / 1038.50 weekly top and 1039 GBX weekly top
(major area).
Support: For
the Dec. contract -
1001.50 intra-day channel also 1000.80 and 1000.20 base area (major
area) / 997.50 and 997.30 base (major area) /
993.30 day bottom and 992.90 weekly channel also 992.50 major monthly
channel and 992 day channel (very major
area) / 989.50 day bottom also 987.30 monthly channel (very
major area) / 983.70 weekly channel and 982.70 day
channel also 980.80 weekly bottom (very
major area) / 979 and 978 day bottoms also 977.80
monthly channel and 976.20 weekly closing price (very
major area) / 971.50 weekly bottom (major area)
/ 960.50 day bottom and 958.50 weekly chart's bottom also 957 Dec.
contract's weekly bottom (very major area)
/ 946.30 day gap (major area).
Comments:
The rally on Monday from the major support
proved the significance of the area and taking away the bearishness,
leaving the chart in neutral condition between 1013.30 and 992.50.
A trade above 1013.30 - 1014.30 area is slightly bullish but only a
trade above 1021 can bring any solid bullishness back to the chart.
A trade above 1032.70 and 1035.50 weekly channels will be considered a
breakout for higher prices to follow. A trade below 992.50 -
987.30 area will fail the major supports for lower prices. Remain
defensive inside the first neutral area between 1004.50 and 1000.20 area
and also between 1013.80 and 992.50.
Day trades:
For The Dec. contract -
Aggressive traders can buy dips near 1001.50 - 1000.20
area or sell rallies near 1003 - 1004.50 area, whichever side comes
first, to complete the trade. (Use a protective sell stop at 997.
Do not rev. short). (Use a buy stop and rev. long at 1007.50).
Aggressive traders can sell rallies near 1013 - 1014
area for obj. near 1008 - 1007 area. (Use a protective buy stop at
1016.70. Do not rev. long).
Buy stop at 1007.50 for obj. near 1011 and possibly
near 1013 area.
Sell stop at 990.50 for obj. near 988.50 - 987.30 area.
Sell stop at 986 for obj. near 984 - 982.50 area.
Sell stop at 976 for obj. near 973 - 971.50 area.
Bulletin - Originally sent 09/30/03 (10:00 am est)
The sell-off down to 995.50 is showing signs of
support can be considered a buying area. Aggressive traders can buy at
the market, which is trading at 995.70 at this time. (Use a sell stop
and rev. short at 990.50). The obj. is near 1002 - 1004 area.
Bulletin - Originally sent 09/30/03 (10:19 am est)
The market is showing signs of support at the
988 level, which is the major monthly channel line and should be considered
a buying area. Aggressive traders can attempt long positions at the
market which is trading at 991.50. (Use a sell stop and rev. short at
986). The obj. for this long position is near 1002 - 1004 area.
Bulletin - Originally sent 09/30/03 (11:47 am est)
Long positions were taken at 991 and 988.50.
The intra-day double top at 994.50 area is now resistance.
It is recommended to exit the long position at
the market and take profits.
Results: 09/30/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P - For Wednesday
10-01-03 : 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 Dec. contract -
995.30 and 996 peaks also 996.30 day channel (major area)
/ 998.50 intra-day gap and 999.20 GBX day channel (very
major area) / 1001.20 day top and 1001.70 day channel
with GBX prices (very major area)
/ 1004.20 day gap and 1004.90 GBX top also 1005.30 day top (major
area) / 1010 and 1010.20 day channels also 1011.20 and
1011.70 peaks (very major area)
/ 1013 peak and 1014.30 day top also 1014.70 peak (major area)
/ 1017.50 day channel with GBX prices also 1019.20 GBX channel and
1021 day session closing price (very
major area) / 1025.40 day session closing price and
1027.70 day top also 1028.20 GBX weekly top and 1028.50 weekly top (major
area) / 1031.80 GBX top and 1032.90 weekly closing gap also
1032.70 major weekly channel (very major
area) / 1034.40 and 1035.50 weekly channels (very
major area).
Support: For
the Dec. contract -
993 intra-day channel and 992.50 double base (major area)
/ 990.20 base and 989.40 major day channel (major area)
/ 988.70 day channel and 988 day bottom also 987.30 monthly channel (very
major area) / 983.70 weekly channel and 983.50 day
channel (very major area)
/ 980.80 weekly bottom and 979 and 978 day bottoms also 977.80 monthly
channel (very major area)
/ 976.20 weekly closing price (major) / 971.50 weekly
bottom (major) / 960.50 day bottom and 958.50 weekly
chart's bottom also 957 Dec. contract's weekly bottom (very
major area) / 946.30 day gap (major area).
Comments:
Tuesday's trading range remained inside the neutral
area leaving the chart neutral inside a narrow range between 999.20
and 989.40. A trade above 999.20 - 1001.70 area can bring prices
up to challenge the 1010 and 1010.20 day channels and possibly near
1014.30 - 1019.20 area. A trade today below 989.40 and 987.30 is
bearish and can bring prices down to challenge the 983.70 and 977.80
area. Overall, the end of the month closed down leaving slightly
bearish conditions. Remain neutral to bearish until the market
can prove to trade above the 1032.70 - 1035 area.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 997 - 999
area and if possible near 1001.70 for obj. near 994 - 992.50 area and
possibly near 989.40. (Use a buy stop and rev. long at 1005.70).
(Use a sell stop and rev. short at 986).
Aggressive traders can sell rallies near 1009 -
1010.20 for obj. near 1005 - 1003 area. (Use a buy stop and rev.
long at 1015).
Aggressive traders can sell rallies near 1017 - 1019
area for obj. near 1014 - 1011 area. (Use a protective buy stop
at 1023. Do not rev. long).
Buy stop at 1005.70 for obj. near 1009 - 1010.20
area.
Buy stop at 1015 for obj. near 1017 - 1019 area.
Sell stop at 986 for obj. near 984 - 982.50 area.
Sell stop at 981.50 for obj. near 979 - 977.80 area.
Sell stop at 976 for obj. near 973 - 971.50 area.
Bulletin - Originally sent 10/01/03 (10:51 am est)
Short positions were taken at 999 and again at
1001.70. The sell off down to 999.70 can possibly hold as support.
Traders should exit the short position taking profits on the second trade,
and scratching the first one.
Bulletin - Originally sent 10/01/03 (11:42 am est)
The sell stop was hit at 1005.70, putting
traders into long positions. The technical formation is showing
signs of a possible retracement to the downside from this area due to the
fact that the 1010 channel resistance is significant.
It is recommended to exit long positions at
the market and scratch the trade. The market is trading at 1005 at
this time.
Bulletin - Originally sent 10/01/03 (1:35 pm est)
The rally up to 1008.50, which is near enough
to the 1009 sell area put traders into short positions. The obj.
still remains at 1005 - 1003 area. (Continue to use a buy stop and
rev. long at 1015).
Bulletin - Originally sent 10/01/03 (3:59 pm est)
The buy stop was hit putting traders into long
positions. The rally fell short of the obj. and is now selling off
from the 1016.50 area. It is recommended to exit the long position
at the market, which is trading at 1015.50 at this time and scratch the
trade.
Results: 10/01/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Thursday
10-02-03 : 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 Dec. contract -
1017 top and 1017.40 GBX channel (major area) /
1021.70 and 1024.20 peaks (significant area) / 1026.60
major monthly channel also 1027.70 day top and 1028.20 GBX top also
1028.50 weekly top (major area) / 1030.50 monthly
channel also 1031.80 GBX top and 1032.70 major weekly channel also
1032.90 weekly closing gap and 1032.90 monthly channel (very
major area) / 1034.40 and 1035.50 weekly channels (very
major area) / 1038.30 day top and 1038.50 weekly top
also 1039 GBX weekly top (major area) / 1044 weekly
top (major) / 1047.80 weekly upper channel and
1048.50 major weekly upper channel also 1049.90 upper channel (very
major area).
Support: For
the Dec. contract -
1014.30 and 1013.50 base also 1013.30 and 1012.30 intra-day channels
(major area) / 1008.50 and 1008.20 base also
1006.60 day channel and 1006.50 base (very
major area) / 1000.40 GBX day channel (major)
/ 997.30 day bottom and 997.20 newly developed monthly channel (very
major area) / 994.20 GBX bottom and 994.10 day gap (major
area) / 989.60 day channel and 988 day bottom (very
major area) / 984.20 day channel and 983.70 weekly
channel (very major area)
/ 980.80 weekly bottom also 979 and 978 day bottoms (very
major area) / 976.20 weekly closing price (major)
/ 971.50 weekly bottom (major).
Comments:
The rally from the support area on Wednesday was
significant leaving the chart neutral inside the trading area
between 1017.40 and 1012.30 area. The second trading area is
found between 1026.60 and 997.20, which reflects the newly developed
monthly channels on each side. A trade above the 1026.60
monthly channel can challenge the 1030.50 and 1032.90 monthly
channels. A trade above the 1032.90 - 1035.50 area will be
considered a breakout for higher prices. A trade today below
1006.60 is slightly bearish but a trade below 997.20 is bearish for
prices to challenge the 989.60 area and possibly near 983.70.
A trade below the 983.70 weekly channel and 980.80 weekly bottom
will fail the major supports and can reverse the trend to the
downside. Remain neutral inside the daily and monthly trading
areas listed until a breakout is seen to either side.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 1016 -
1017.40 area or buy dips near 1013.50 - 1012.30 area, whichever side
comes first to complete the trade. (Use a buy stop and rev.
long at 1021). (Use a sell stop and rev. short at 1011).
Aggressive traders can sell rallies near 1025 -
1026.60 area for obj. near 1021 - 1019.50 area. (Use a
protective buy stop at 1029.70. Do not rev. long).
Aggressive traders can buy dips near 1008.50 -
1006.60 area for obj. near 1011 - 1013 area. (Use a sell stop
and rev. short at 1003.50).
Buy stop at 1021 for obj. near 1024 - 1026.60 area.
Sell stop at 1011 for obj. near 1008.50 - 1006.60
area.
Sell stop at 1003.50 for obj. near 1001.50 -
1000.40 area and possibly near 999 - 997.20 area.
Sell stop at 996.70 for obj. near 994.10 gap and
possibly near 991 - 989.60 area.
Bulletin - Originally sent 10/02/03 (9:33 am est)
Long positions were taken on the opening at
1014, which was near enough to the 1013.50 buy area. The obj.
remains at 1016 - 1017.40 area. (Use a sell stop and rev. short at
1011).
Bulletin - Originally sent 10/02/03 (9:57 am est)
Long positions were taken at 1014 and
1012.70. The rally up to 1015.50 is near enough to the 1016 obj.
and completes the trade.
Bulletin - Originally sent 10/02/03 (12:01 pm est)
Short positions were taken at 1017.40.
The sell off down to 1013.50 meets the obj. and completes the trade.
NOTE: Both sides of the first trade are now
complete and will not be attempted again.
Results: 10/02/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Friday
10-03-03 : 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 Dec. contract -
1025.40 day session closing price and 1026.60 major monthly
channel (very major area)
/ 1027.70 day top and 1028.20 GBX top also 1028.50 weekly top (major
area) / 1030.50 monthly channel also 1031.80 GBX top and
1032.70 major weekly channel also 1032.90 weekly closing gap and
1032.90 monthly channel (very major
area) / 1034.40 and 1035.50 weekly channels (very
major area) / 1038.30 day top and 1038.50 weekly
top also 1039 GBX weekly top (major area) / 1044
weekly top (major) / 1047.80 weekly upper channel
and 1048.50 major weekly upper channel also 1049.90 upper channel (very
major area).
Support: For
the Dec. contract -
1018.30 intra-day channel and 1017 base (major area)
/ 1016 and 1015.70 base also 1015.90 day channel and 1015.70
intra-day channel and 1014.60 base (major area) /
1012.70 base and 1011.50 day bottom (major area)
/ 1006.50 intra-day channel and base also 1006 day channel with
GBX prices (very major area)
/ 999.20 base and 997.30 day bottom (major area)
/ 994.20 GBX bottom and 994.10 day gap also 992.20 major day
channel (very major area)
/ 990 day channel and 988 weekly bottom (major area).
Comments:
The follow-through rally on Thursday put the
chart in neutral to slightly bullish territory and is now facing
the major resistances at 1026.60 and 1032.90 monthly channels also
the 1034.40 and 1035.50 weekly channels. A trade above
1035.50 will be considered a breakout for higher prices to follow.
A trade below 1006.50 - 1006 area is slightly bearish but a trade
below 997.20 is bearish and can rev. the trend to the downside.
Remain defensive inside the wide trading range between 1035.50 and
1006 area.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 1030.50
- 1035.50 area for obj. near 1026 - 1021 area. (Use a buy
stop and rev. long at 1045). (Conservative traders can use a
protective buy stop at 1040. Do not rev. long).
Aggressive traders can buy dips near 1008 - 1006
area for obj. near 1014 - 1016 area. (Use a sell stop and
rev. short at 1003).
Buy stop at 1045 for obj. near 1047 - 1049 area.
Buy stop at 1052 for obj. near 1055 - 1058 area.
Sell stop at 1003 for obj. near 1000 - 997.20
area.
Bulletin - Originally sent 10/03/03 (3:03 pm est)
Short positions were taken at 1032 and
1035 today. The market held the 1038 double top but also held
the 1029.50 as a support today.
It is recommended to exit the short
positions at the market, which is trading at 1032 at this time, and
scratching the trade and taking a profit on the other.
Results: 10/03/03
The week in review
- 10/06/03
- 10/10/03
The Tech Guru's
S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P - For Monday
10-06-03 : NOTE: After
each support and resistance listed will designate a value - (very
major) holds the highest importance, then (major), (very significant),
and (significant) is of the least value. Very
aggressive trades - are trades that are against the
trend or a high dollar risk when wide stops are used. "The
Golden Rule" - Do
not use a buy stop inside a sell area or a sell stop inside a buy
area. The word NEAR can
be 1/2 to 1 point from a price listed in any trade to enter or
complete a trade.
Special
instructions for using stops - All
stops listed are for the day session only. Where stops ARE NOT
mentioned, they should be placed below the second support
area listed or above the second resistance area listed,
or 22 points from the (trade entry point), whichever is the
lesser amount. NOTE: The
first support area becomes the resistance after the market
trades through the second support area listed.
The first resistance area becomes the support after the market
trades through the second resistance area listed.
Resistance: For
the Dec. contract -
1028.50 intra-day channel and 1029.20 peak (major area)
/ 1032.70 and 1033.20 peaks also 1034.70 newly developed major weekly
channel (very major area)
/ 1035.50 and 1036.10 weekly channel also 1036.80 and 1037.10 peaks (very
major area) / 1038.40 monthly channel also 1038.70 and
1038.80 minor weekly channels also 1037.80 and 1038.30 weekly tops and
1039 GBX weekly top (very major area)
/ 1044 weekly top and 1045.50 day top (major area) /
1050.60 major weekly upper channel also 1052.20 and 1055 weekly upper
channel (very major area)
/ 1061 day top (major) / 1069 weekly closing gap for
the Dec. contract also 1071.50 monthly top (very
major area) / 1087.50 monthly closing price (very
major area).
Support: For
the Dec. contract -
1027 intra-day channel and 1026 day bottom (major area)
/ 1025.20 day channel and 1024.30 day channel with GBX prices (major
area) / 1019.60 day gap and 1017.90 GBX bottom (major
area) / 1012.70 base and 1011.50 day bottom (very
major area) / 1005.30 rev. base (major)
/ 997.30 weekly bottom and 997.20 monthly channel (very
major area) / 994.90 weekly channel also 994.20 GBX
bottom and 994.10 day gap also 994.10 day channel and 993.70 major day
channel (very major area)
/ 991.70 minor weekly channel also 991 day channel and 988 weekly
bottom (very major area)
/ 980.80 weekly bottom and 976 minor day channel (very
major area).
Comments:
The rally on Friday and the sell-off from the major
top area can possibly prove to be a signal of major resistance and can
stimulate selling pressure. A trade above the 1039.30 - 1039
area is bullish and can bring prices up to challenge the 1050 - 1055 weekly
upper channels and possibly near 1061 area. A trade below
1025.20 - 1024.30 day channels can bring prices down to challenge the
1019.60 gap and 1011.50 day bottom. Overall, only a trade below
997.20 can bring any solid bearishness back to the chart. Remain
defensive inside the 1038.40 - 1019.60 neutral trading range.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 1030 - 1033
area for obj. near 1026 - 1024.30 area. (Use a buy stop and rev.
long at 1040).
Aggressive traders can sell rallies near 1035 - 1037
area for obj. near 1031 - 1029 area. (Use a buy stop and rev.
long at 1040).
Buy stop at 1040 for obj. near 1043 - 1044 area.
Buy stop at 1047 for obj. near 1050 and possibly near
1053 - 1055 area.
Sell stop at 1023 for obj. near 1020 - 1019.60 gap
area.
Sell stop at 1017 for obj. near 1013 - 1011.50 area.
Sell stop at 1009 for obj. near 1006.50 - 1005.30
area.
Bulletin - Originally sent 10/06/03 (9:59 am est) Short positions were taken at 1030. The sell off down to 1027.80 missed the obj. of 1026 and is showing signs of support at this time. It is recommended for short positions to exit at 1029.50 and scratch the trade. Bulletin - Originally sent 10/06/03 (10:41 am est) The rally up to 1031.50 is inside the 1030 - 1033 selling area where short positions were taken again. The sell off down to 1027.30 is near enough to the 1026 obj. and completes the trade. Bulletin - Originally sent 10/06/03 (3:05 pm est) The rally up to 1034.80 was near enough to the 1035 sell area putting traders into short positions. The sell-off down to 1032.10 is near enough to the 1031 obj. and completes the trade. Bulletin - Originally sent 10/06/03 (3:48 pm est) Because of the technical formation and the time of the day the second trade listed in today's report will not be repeated. NOTE: Usually when there is most of the trading day still left the trade can be attempted again at the higher end of the selling area. At this time repeating the trade appears too high of a risk an now will be avoided. Results: 10/06/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Tuesday
10-07-03 : 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 Dec. contract -
1034.20 intra-day channel and 1034.70 peak also 1034.80 day top and
1034.70 major monthly channel (very
major area) / 1035.50 and 1036.10 weekly channel
also 1036.80 and 1037.10 peaks (very
major area) / 1038.40 monthly channel also 1038.70
and 1038.80 minor weekly channels also 1037.80 and 1038.30 weekly
tops and 1039 GBX weekly top (very
major area) / 1044 weekly top and 1045.50 day top (major
area) / 1050.60 major weekly upper channel also 1052.20 and
1055 weekly upper channel (very major
area) / 1061 day top (major) / 1069
weekly closing gap for the Dec. contract also 1071.50 monthly top (very
major area) / 1087.50 monthly closing price (very
major area).
Support: For
the Dec. contract -
1032.70 intra-day channel also 1032.70 and 1032 base (major
area) / 1031 base and 1030.70 day channel (major
area) / 1028.50 weekly closing price and 1027.30 day bottom
also 1026.20 GBX bottom and 1026 day bottom (major area)
/ 1020.50 rev. peak and 1019.60 day gap also 1017.90 GBX bottom (major
area) / 1012.70 base and 1011.50 day bottom (very
major area) / 1005.30 rev. base (major)
/ 997.30 weekly bottom and 997.20 monthly channel (very
major area) / 995.10 major day channel and 994.90
weekly channel also 994.20 GBX bottom and 994.10 day gap (very
major area) / 991.90 day channel also 991.70 minor
weekly channel (very major area)
/ 988 weekly bottom (major area) / 980.80 weekly
bottom and 976 weekly closing price (very
major area).
Comments:
Monday's trading range remained inside the
neutral area leaving the chart neutral again inside a narrow range
between 1035.50 and 1030.70 area. A trade above 1035.50 -
1036.80 channels can bring prices up to challenge the 1039 and 1044
top areas and possibly as high as 1050.60 - 1055 area. A trade
today below 1030.70 - 1027.30 area can bring prices down to
challenge the 1020.50 - 1017.90 area and possibly near 1011.50
bottom. Remain defensive inside the 1035.50 - 1030.70 neutral
area until a breakout is seen to either side.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 1035 -
1037 area and if possible near 1038.70 for obj. near 1031.50 -
1030.50 area and if possible near 1028.50 - 1027.30 area. (Use
a buy stop and rev. long at 1040.70). (Use a sell stop and
rev. short at 1024.70).
Buy stop at 1040.70 for obj. near 1043 -1045 area.
Buy stop at 1046.70 for obj. near 1049.70 - 1050.60
area and possibly near 1052.20 - 1055 area.
Sell stop at 1024.70 for obj. near 1020.70 -
1019.60 gap area and possibly near 1017.90 GBX bottom.
Sell stop at 1016.30 for obj. near 1013 - 1011.50
bottom area.
Sell stop at 1009 for obj. near 1006 - 1005.30
area.
Bulletin - Originally sent 10/07/03 (11:21 am est) The sell-stop was hit at 1024.70 putting traders into short positions. The protective buy stop should be above the 1032.70 area but since it is a sell between 1035 - 1037, all buy stops and rev long must be placed at 1040.70. Conservative traders can use a protective buy stop at 1034. Do not rev. long. Bulletin - Originally sent 10/07/03 (1:42 pm est) The sell stop was hit at 1024.70 putting traders into short positions. Additional short positions were added at 1033 for a cost average at 1028.80. The sell-off down to 1029.10 was near enough to the cost average to scratch the trades. It is recommended for traders to exit the short positions near the 1030.50 area and scratch the trade with a small loss. Traders holding only one short position at 1024.70 should also consider to exit near 1030.50 and cut losses. NOTE: the sell area at 1035 - 1037 will now be eliminated from today's trade due to the technical formation at this time. Bulletin - Originally sent 10/07/03 (3:16 pm est) The chart formation is proving to show resistance at the 1035 - 1037 area that can possibly stimulate selling pressure at this time. It is recommended for traders to attempt short positions at 1035 - 1037 area for obj. near 1028.50 - 1026.50 area. (Use a buy stop and rev. long at 1040.70) Bulletin - Originally sent 10/07/03 (3:35 pm est) Short positions were taken at 1036. The obj. remains at 1028.50 - 1026.50 area. (Continue to use a buy stop and rev. long at 1040.70). Results: 10/07/03
A TECHNICAL GUIDE FOR DAY
TRADING THE S & P
S & P -
For Wednesday
10-08-03 : 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 Dec. contract -
1038.50 day top also 1038.70 and 1038.80 minor weekly channels and
1039 GBX top (very major area) /
1044 daily upper channel also 1044 weekly top and 1045.50 day
top (major area) / 1050.60 major weekly upper
channels also 1052.20 and 1055 weekly upper channel (very
major area) / 1061 day top (major)
/ 1069 weekly closing gap for the Dec. contract also 1071.50
monthly top (very major area)
/ 1087.50 monthly closing price (very
major area).
Support: For
the Dec. contract -
1035.30 base (major) / 1033.20 base (major)
/ 1031.40 day channel (very major
area) / 1028.50 base and intra-day channel also
1028.40 minor day channel (major area) / 1025.20
minor day channel and 1024.20 day bottom (major)
/ 1020.50 rev. peak and 1019.60 day gap also 1017.90 GBX bottom (major
area) / 1012.70 base and 1011.50 day bottom (very
major area) / 1005.30 rev. base (major)
/ 997.30 weekly bottom and 997.20 monthly channel also 996.10
major day channel (very major area)
/ 994.90 major weekly channel and 994.10 day gap also 992.50 day
channel and 991.70 major weekly channel (very
major area) / 988 weekly bottom and 986.80 minor
weekly channel also 986 day channel (very
major area).
Comments:
The rally on Tuesday remained inside the
neutral area challenging the major double top but did not
penetrate through. A trade today above the 1038.50 - 1039
area is bullish and can bring prices up to challenge the 1044 -
1045.50 area and possibly up near the 1050.60 - 1055 upper channel
resistance. A trade above 1055 will confirm the major
uptrend intact with the possibility for the market to continue and
reach up near the major 50% retracement at 1153 - 1170 area.
A trade today below 1031.40 is slightly bearish but a trade below
1025.20 - 1024.20 area can bring prices down to challenge the
1019.60 gap and possibly near the 1011.50 bottom area.
Overall, the market remains in bullish territory and only a trade
below 997.20 can bring any solid bearishness back to the chart.
Remain defensive inside the 1039 - 1031.40 neutral trading area.
Day trades:
For The Dec. contract -
Aggressive traders can sell rallies near 1038.50
- 1039 area or buy dips near 1034 - 1031.40 area, whichever side
comes first, to complete the trade. (Use a buy stop and rev.
long at 1040.70). (Use a sell stop and rev. short at 1030).
Aggressive traders can sell rallies near 1043 -
1044 area for obj. near 1040 - 1039 area and possibly near 1037.
(Use a buy stop and rev. long at 1047).
Buy stop at 1040.70 for obj. near 1043 - 1044
area.
Buy stop at 1047 for obj. near 1050 - 1052 area
and possibly near 1035.
Buy stop at 1058 for obj. near 1061 - 1063 area.
Sell stop at 1030 for obj. near 1026 - 1025.20
area and possibly near 1024.20 bottom.
Sell stop at 1016 for obj. near 1013 - 1011.50
bottom.
Bulletin - Originally sent 10/08/03 (9:45 am est) Short positions were taken on the opening at 1038.50. The sell off down to 1035.50 is near enough to the 1034 area for traders to consider taking profits. This completes the first trade. Bulletin - Originally sent 10/08/03 (10:05 am est) The first trade buy area was hit where long positions were taken at 1034. The obj. should now be 1037 - 1038 area. Continue to use a sell stop and rev. short at 1030. Bulletin - Originally sent 10/08/03 (10:11 am est) The long position taken at 1034 is now complete with the rally up to 1037, which is the obj. Bulletin - Originally sent 10/08/03 (3:03 pm est) The sell stop at 1030 was hit putting traders into short positions. The intra-day double bottom formation can possibly prove to be a support. It is recommended for traders to exit the short position near 1031.50 -1030.50 area and scratch the trade. Bulletin - Originally sent 10/08/03 (3:30 pm est) The short position taken on the sell stop at 1030 is now completed at with a loss at 1031.50. Results: 10/08/03
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S & P
- For Thursday
10-09-03 : 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 Dec. contract -
1035.40 and 1036.20 peaks (major area) / 1038
peak and 1038.80 day top also 1038.80 minor weekly channel and
1039 GBX top (major area) / 1044 day top and
1044.40 major daily upper channel also 1045.50 day top (very
major area) / 1050.60 major weekly upper channel
also 1052.50 and 1055 weekly upper channels (very
major area) / 1061 day top (major)
/ 1069 weekly closing gap for the Dec. contract also 1071.50
monthly top (very major area)
/ 1087.50 monthly closing price (very
major area).
Support: For
the Dec. contract -
1033.80 minor day channel and 1032.80 intra-day channel also
1032.80 base and 1032.70 day channel (very
major area) / 1031.50 double base and 1030 base
also 1030 intra-day channel and 1029 day bottom (major
area) / 1026.50 base (major) / 1024.20
day bottom (major) / 1020.50 rev. peak and
1019.60 day gap also 1017.90 GBX bottom (major area)
/ 1012.70 base and 1011.50 day bottom (very
major area) / 1005.30 rev. base (major)
/ 997.90 major day channel also 997.30 day bottom and 997.20
monthly channel (very major area)
/ 994.90 major weekly channel and 994.20 GBX bottom also 994.10
day gap and 993.40 day channel (very
major area) / 991.70 weekly channel (very
major area) / 988 weekly bottom and 987.50 day
channel also 986.80 minor weekly channel (very
major area).
Comments:
The whiplashing action on Wednesday inside
the neutral area again failed to penetrate the major double top
leaving the chart neutral inside a narrow trading range between
1038.80 and 1032.70. A trade above 1038.80 - 1039 can
challenge the 1044 - 1045.50 area, which is now a very major
area. A trade above 1044.40 - 1045.50 area can challenge the
1050.60 - 1055 upper channel resistance. A trade today
below 1033.80 and 1032.70 channel supports is slightly bearish
and can challenge the 1019.60 gap area and possibly near the
1011.50 bottom. Overall, the technical condition still
remains neutral to bullish and only a trade below 997.20 can
bring any solid bearishness back into the chart. Remain
defensive inside the 1038.80 - 1032.70 neutral range and the
1044.40 - 1030 range.
Day
trades: For The Dec. contract -
Aggressive traders can buy dips near 1033.80 -
1032.70 area for obj. near 1037 - 1038.80 area. (Use a sell
stop and rev. short at 1028).
Aggressive traders can sell rallies near 1043 -
1044.40 area for obj. near 1039.50 - 1038.50 area. (Use a
buy stop and rev. long at 1047).
Buy stop at 1040 for obj. near 1043 - 1044.40
area.
Buy stop at 1047 for obj. near 1050 - 1052
area and possibly near 1055.
Buy stop at 1058 for obj. near 1060 - 1063
area.
Sell stop at 1028 for obj. near 1026 - 1024.20
bottom area.
Sell stop at 1022 for obj. near 1020 - 1019.60
gap and possibly near 1017.90 bottom.
Sell stop at 1016 for obj. near 1013 - 1011.50
bottom.
Bulletin - Originally sent 10/09/03 (9:50 am est) Short positions were taken on the opening at 1043.50. The sell off down to 1040.50 is near enough to the 1039.50 obj. and completes the trade. Bulletin - Originally sent 10/09/03 (9:53 am est) Because of the significance of the sell area at 1044.40, this trade can be repeated. Short positions were taken again at 1043. The obj. is 1039.50 - 1038.50. (Continue to use a buy stop and rev. long at 1047). Bulletin - Originally sent 10/09/03 (10:23 am est) Short positions were taken again at 1043. The sell off down to 1039.60 is near enough to the 1039.50 obj. and completes the trade. Bulletin - Originally sent 10/09/03 (12:08 pm est) The buy stop was hit at 1047, putting traders into long positions. The market is showing signs of resistance in this area due to the major upper channel lines on the weekly chart, that can possibly prevent higher prices at this time. It is recommended for long positions to exit at the market, which is trading at 1045.90 and cut losses. Bulletin - Originally sent 10/09/03 (2:56 pm est) The sell-off down to 1034.80 was near enough to the 1033.80 support buy area putting traders into long positions. The rally up to 1038.20 meets the obj. and completes the trade. Bulletin - Originally sent 10/09/03 (3:33 pm est) Long positions were taken in the buy area at 1033.80. The rally up to 1037 meets the obj. and completes the trade. NOTE: The buy area was repeated for a second time and is considered a high risk to repeat again. Results: 10/09/03
A TECHNICAL GUIDE FOR
DAY TRADING THE S & P
S
& P - For Friday 10-10-03 : 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 Dec. contract -
1041.20 intra-day channel and 1042 peak (major area)
/ 1044.20 and 1045.30 peaks also 1046.70 peak and 1047.20 day
top (major area) / 1050.60 major weekly upper
channel also 1052.50 and 1055 weekly upper channels (very
major area) / 1061 day top (major)
/ 1069 weekly closing gap for the Dec. contract also 1071.50
monthly top (very major area)
/ 1087.50 monthly closing price (very
major area).
Support: For
the Dec. contract -
1037.70 minor day channel and 1036.90 day channel also 1035
day channel and base (major area) / 1033.20
day bottom (major) / 1029 day bottom (major)
/ 1024.20 day bottom (major) / 1020.50 rev.
peak and 1019.60 day gap also 1017.90 GBX channel (very
major area) / 1012.70 base and 1011.20 day
bottom (major area) / 1005.30 rev. base (major)
/ 999.30 major day channel and 997.30 day bottom also 997.20
monthly channel (very major
area) / 991.70 weekly channel (very
major area).
Comments:
The rally from support and sell-off
from the resistance on Thursday managed to close the market at
its highest closing price since June 2002, leaving the chart
in neutral to bullish condition. A trade above 1044.20 -
1047.20 area is slightly bullish but a trade above 1050.60 -
1055 area will confirm the major uptrend intact for higher
prices to follow. A trade today below 1035 - 1033.20
area is slightly bearish but a trade below 1019.60 - 1017.90
area can bring prices down to challenge the 1011.50 bottom and
possibly near the 997.20 monthly channel support. At
this time, only a trade below 997.20 can bring any solid
bearishness back to the chart. Remain defensive inside
the first trading area with the 1041.20 - 1044.20
resistance and 1037.70 - 1035 support.
Day
trades: For The Dec. contract -
Aggressive traders can buy dips near 1037.70
- 1035 area or sell rallies near 1041.20 - 1044.20 area,
whichever side comes first, to complete the trade. (Use
a sell stop and rev. short at 1027.70). (Use a buy stop
and rev. long at 1048.70).
Sell stop at 1027.70 for obj. near 1024.20
bottom and possibly near 1020.50 - 1019.60 gap area.
Sell stop at 1016 for obj. near 1013 -
1011.50 bottom.
Buy stop at 1048.70 for obj. near 1050.60 -
1052.50 area and possibly near 1054 - 1055 area.
Buy stop at 1058 for obj. near 1060 - 1062
area.
Bulletin - Originally sent 10/10/03 (11:31 am est) Long positions were taken at 1037. The market is showing signs of resistance at the 1039.70 area and failed to hold above the 1035 support.
It is recommended to exit the long
position at the market, which is trading at 1036.20 at this
time, and cut losses.
Results:
10/10/03 * 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 10/13/03 (10:41 am est)
The rally up to 1047.90 was near enough to the
1048.70 sell area, putting traders into short positions. The obj.
still remains at 1044.50 - 1042.50 area. (Continue to use a
protective buy stop at 1051. Do not rev. long).
Bulletin -
Originally sent 10/13/03 (11:37 am est)
Short positions were taken at 1047.70. The
sell off down to 1044.70 was near enough to the 1044.50 obj. and completes
the trade.
Results:
10/13/03 *
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 10/14/03 (9:43 am est)
The sell off down to 1041 put traders into
long positions. The obj. still remains at 1046 - 1048.70 area.
Since 1035.90 is a very major support area, the protective sell stop at
1036 will be cancelled and changed to 1032.
Aggressive traders can add to the long
position at 1035.90 if the obj. of 1046 is not met first.
Bulletin
- Originally sent 10/14/03 (9:52 am est)
The sell off brought prices below the 1039.20
support area putting a defensive negativity to the first trade.
It is recommended for traders to exit the long
position at the market, which is trading at 1040 at this time and scratch
the trade.
Bulletin
- Originally sent 10/14/03 (2:16 pm est)
Long positions were taken at the double
bottom at 1040. The rally up to 1046 meets the obj. and completes
the trade.
Bulletin
- Originally sent 10/14/03 (2:25 pm est)
NOTE: For traders who are not
familiar, yes short position were taken at the 1046 area. The obj.
is near 1042 - 1040 area. (Continue to use a protective buy stop
at 1051. Do not rev. long).
Bulletin
- Originally sent 10/14/03 (3:40 pm est)
The short position remains open. The
sell-off down to 1044.50 missed the obj. near 1042 and showing support
at 1044.50. Technical support has developed leaving the short
position defensive.
It is recommended to exit the short position
at the market, which is trading at 1046 and scratch the trade.
Results:
10/14/03 *
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 10/15/03
(9:56 am est)
Short positions were taken on the
opening at 1053.80. The sell off down to 1049 is showing signs
of support for short positions to consider taking profits.
It is recommended for traders to exit
the short position at 1050.50 and take profits.
Bulletin
- Originally sent 10/15/03 (3:39 pm est)
Long positions were taken at 1041.50.
The rally from the support to 1046 meets the obj. and
completes the trade.
Results:
10/15/03 *
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 10/16/03 (9:39 am est)
The market opened between the buy
area and sell area. Because of the bearish conditions now
developing, the buy at 1039 - 1037.70 will be cancelled.
The sell area near 1045 - 1048 area
will remain intact and short positions will be taken in that
area if it gets there.
Bulletin
- Originally sent 10/16/03 (10:03 am est)
The rally up to 1045 put traders
into short positions. The sell off down to 1042.80 made an
intra-day double bottom and was near enough to the 1042 obj. and
should be considered the buying area to complete the first
trade.
Bulletin
- Originally sent 10/16/03 (10:21 am est)
The rally up to 1047 is at the high
end of the sell area, where short positions were taken again.
The obj. will be 1044 - 1043 area. (Continue to use a
protective buy stop at 1049.70. Do not rev. long).
Bulletin
- Originally sent 10/16/03 (10:36 am est)
Short positions were taken at
1047. The sell off down to 1044.50 is near enough to the
1044 obj. and completes the trade.
Results:
10/16/03 *
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 10/17/03 (9:52 am est)
Short positions were taken at
1049.50 on the open. The sell-off down to 1047.50 is
near enough to the 1047 obj. and completes the trade.
Bulletin
- Originally sent 10/17/03 (9:57 am est)
The first trade was completed
with a profit. Traders using the E-mini should get
familiar with using stops above the 1051.20 to protect
the position knowing the e-mini can possibly trade above the
big contract on occasion.
Bulletin
- Originally sent 10/17/03 (10:05 am est)
The sell stop was hit at 1045
putting traders into short positions. The sell off
down to 1042.70 is near enough to the 1042 obj. and
completes the trade.
Bulletin
- Originally sent 10/17/03 (2:40 pm est)
The sell-stop was hit at 1037
putting traders into short positions. For whatever
reason this area is now showing signs of support, which is
being developed inside the intra-day chart.
It is recommended for traders to
exit short positions at the market, which is trading at
1037.90 at this time, and cut losses.
Results:
10/17/03 *
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 10/20/03 (9:40 am est)
Short positions were taken at 1039.40 on the
opening. The sell off down to 1038 is now an intra-day support for
traders to consider taking profits.
It is recommended to exit the short position
and scratch the trade. The market is trading at 1038.50 at this
time.
Results:
10/20/03 *
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 10/21/03 (9:35 am est)
The market is showing signs of support at
the intra-day channel of 1042.70 area.
Aggressive traders can attempt long
positions near 1043. The obj. is to exit near 1046 - 1047 area.
(Use a protective sell stop at 1040.70. Do not rev. short).
Bulletin
- Originally sent 10/21/03 (9:49 am est)
The market failed to hold the 1042.70
support channel.
It is recommended to exit the long position
at the market, which is trading at 1042.50 and scratch the trade.
Bulletin
- Originally sent 10/21/03 (3:49 pm est)
Customers were calling to ask if the first
trade was in play and how should they handle the position.
Yes the first trade listed in the report was
in play from 1047.70 and a confirmation of the entry was when the market
had an intra-day double top at 1047.50 put traders into short
positions. The sell-off down to 1044 meets the obj. and completes
the trade.
Since the 1052.20 resistance is so
significant traders can repeat this trade at the high end of the sell
area, which is near 1052.20. The sell area at 1055 - 1056.50 will
still be considered a sell. (Continue to use a buy stop and rev
long at 1058.70).
Results:
10/21/03 *
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 10/22/03 (10:22 am est)
Long positions were taken on the open at
1035. The technical formation can possibly hold support but the
market failed to hold above the 1033.20 bottom putting bearishness
into the chart.
It is recommended to exit the long
position at the market, which is trading at 1035 and scratch the
trade.
Bulletin
- Originally sent 10/22/03 (12:02 pm est)
The sell stop was hit at 1032, putting
traders into short positions. The intra-day double bottom at
1030.30 - 1030.50 can prove to be a technical support.
It is recommended for traders to exit the
short position near 1032 and scratch the trade.
Results:
10/22/03 *
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 10/23/03 (3:01 pm est)
Short positions were taken at 1031 and
completed with meeting the obj. at 1028.50 in the second trade
listed.
The trade was repeated at the high end
of the sell area by taking a short position at 1032.50. The
sell-off down to 1029 is near enough to the 1028.90 obj. and
completes the trade.
Results:
10/23/03 *
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 10/24/03 (11;46 am est)
Long positions were taken at 1020.50.
The rally up to 1022.50 is near enough to the 1023 obj. and
completes the trade.
Long positions were taken again at the
low end of the buy area at 1017.90. The obj. to exit is now
at 1021 - 1022 area. (Continue to use a sell stop and rev
short at 1016).
Bulletin
- Originally sent 10/24/03 (12:55 pm est)
The long positions taken at 1017.90
failed to meet the obj. at 1021 because of the resistance that
developed at 1019.80.
It is recommended to exit the
long position at the market, which is trading at 1018 at this
time, and scratch the trade.
Results:
10/24/03 *
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 10/27/03 (11:04 am est) Results:
10/27/03 *
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 10/28/03 (9:45 am est) Bulletin
- Originally sent 10/28/03 (10:40 am est) Results:
10/28/03 *
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 10/29/03 (9:55 am est) Bulletin
- Originally sent 10/29/03 (2:10 pm est) Results:
10/29/03 *
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 10/30/03 (9:55 am est) Bulletin
- Originally sent 10/30/03 (10:04 am est) Bulletin
- Originally sent 10/30/03 (10:10 am est) Bulletin
- Originally sent 10/30/03 (10:24 am est) Bulletin
- Originally sent 10/30/03 (10:33 am est) Results:
10/30/03 *
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 10/31/03 (10:13 am est) Bulletin
- Originally sent 10/31/03 (10:49 am est) Results:
10/31/03 The results for The Tech Guru S & P Report will now be posted on the second Friday of each month, with all results from the preceding month. This is to prevent the exposure of the major monthly and weekly numbers that are provided in the report, which are significant and valuable to all of our current subscribers. 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.
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