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 - 11/03/03 - 11/07/03
The Tech Guru's S & P Day Trading Recommendations
thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 11-03-03 :  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 -
1049.50 day channel with GBX prices (major) / 1051.40 peak and 1051.40 minor day channel and 1051.60 newly developed major weekly channel also 1052 and 1052.60 day tops also 1052.10 monthly channel and 1053 weekly channel (very major area) / 1054.50 GBX weekly top and 1055.20 GBX weekly top (major area) / 1061 day top and 1062.15 minor upper channel (major area) / 1066.20 major weekly upper channel and 1066.60 major monthly upper channel also 1067.50 monthly closing price and 1069 weekly closing gap for the Dec. contract (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price (very major area) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1047.50 base and 1047.50 minor day channel with GBX prices and 1047.20 base area also 1046.70 day bottom (major area) / 1044.30 minor day channel (major) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (major area) / 1035.50 weekly channel and 1032.80 day bottom (very major area) / 1030.70 day gap and 1029.80 GBX bottom (major area) / 1027.30 weekly bottom and 1027.10 major monthly channel also 1026 day channel (very major area) / 1022 major long-term day channel and 1022.40 major weekly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1008.20 and 1006.40 minor weekly channels (very major area).
 
Comments:  
    Friday's session remained inside the neutral area but managed to close up for the 5th day in a row and also up for the week leaving the chart in neutral to bullish condition.  The market continues to face the major channels and double top area that can possibly stimulate some selling pressure but only a trade below 1035.50 and 1027.10 areas can bring any solid bearishness back to the chart.  A trade this week above the 1051.60 - 1053 area and also above 1054.50 - 1055.20 GBX tops will be considered a breakout for prices to challenge up near the 1066.20 - 1069 area.  A trade above the 1069 - 1071 will confirm the major uptrend intact for prices to eventually challenge up near the 1153 - 1170 area, which is the major 50% retracement area from the past 3 1/2 years of trading.  Remain defensive today inside the first neutral trading area between the 1051.40 - 1053 resistance and 1047.50 - 1044.30 support. 
                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1051 - 1053 area and if possible, near 1054 - 1055 area and or buy dips near 1047.50 - 1046.70 area and if possible near 1045 - 1044.30 area, whichever side comes first, to complete the trade.  (Use a buy stop and rev. long at 1058.70).  (Use a sell stop and rev. short at 1039).
 
Buy stop at 1058.70 for obj. near 1063 - 1066 area.
Buy stop at 1072 for obj. near 1075 - 1077 area and possibly near 1069.
 
Sell stop at 1039 for obj. near 1036.50 - 1035.50 area.
Sell stop at 1034.50 for obj. near 1032.50 - 1030.70 gap and possibly near 1027.10 major channel.
 

* 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 11/03/03 (10:16 am est) 

 
The buy stop was hit at 1058.70 putting traders into long positions.  The rally up to 1059 is showing resistance at this time that can stimulate selling. 
 
It is recommended to exit long positions at the market, which is trading at 1057.30, and cut losses. 

Results:    11/03/03

Sold @ 1052 Bought @ 1058.70 = -  $1,675.00
Sold @ 1054 Bought @ 1058.70 = -  $1,175.00     
Bought @ 1058.70 Sold @ 1058.30   = -  $   125.00
TOTAL (P & L)    -  $2,975.00
thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 11-04-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1057 intra-day channel also 1057.70 and 1058.20 peaks (major area) / 1060.50 day top and 1060.60 daily chart's major upper channel also 1061 day top and 1062.20 daily chart's major upper channel with GBX prices (very major area) / 1066.20 major weekly upper channel and 1066.60 major monthly upper channel also 1067.50 monthly closing price and 1069 weekly closing gap for the Dec. contract (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1053.20 intra-day gap and 1051.60 day channel with GBX prices also 1051.50 day bottom (major area) / 1049.50 weekly closing gap and 1048.80 minor GBX channel also 1048.60 minor day channel (major area) / 1046.70 and 1046.60 GBX double bottom also 1045.20 minor channel (major area) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (major area) / 1035.50 weekly channel and 1032.80 day bottom (very major area) / 1030.70 day gap and 1029.80 GBX bottom (major area) / 1027.60 major day channel and 1027.30 weekly bottom also 1027.10 major monthly channel (very major area) / 1023.40 major long-term day channel and 1022.40 major weekly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1011.50 day bottom (major) / 1008.90 major day channel and 1008.20 minor weekly channel also 1007.40 day channel and 1006.40 minor weekly channel (very major area).
 
Comments:  
    The rally on Monday brought prices above the double top but managed to sell-off from the major upper channel line at 1060.60 leaving the chart neutral and defensive for prices to swing either way.  A trade above the 1060.50 - 1062.20 channel area is bullish but a trade above 1066.20 - 1071 area will confirm the major uptrend intact for higher prices to follow.  A trade today below 1045.20 is slightly bearish but only a trade below 1035.50 can bring any solid bearishness back to the chart.  Remain defensive inside the 1057 - 1051.60 neutral trading area and also inside the wide weekly range between 1066.20 and 1035.50.  
                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1056 - 1057 area or buy dips near 1052 - 1051.60 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 1063).  (Use a sell stop and rev. short at 1051).
 
Buy stop at 1063 for obj. near 1066 - 1067 area.
Buy stop at 1074 for obj. near 1077 - 1079 area.
Buy stop at 1082 for obj. near 1089 - 1094 area.
 
Sell stop at 1051 for obj. near 1049 - 1048.60 area.
Sell stop at 1044.50 for obj. near 1042.50 - 1041 area.
Sell stop at 1039 for obj. near 1036.50 - 1035.50 area.
Sell stop at 1033.50 for obj. near 1030.70 gap - 1027.10 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 11/04/03 (10:08 am est) 

 
Short positions were taken on the opening at 1054.50.  The sell-off down to 1052 meets the obj. and completes the trade.
 
Long positions were taken at 1052.  The market is showing signs of resistance at 1054 - 1055 area.  It is recommended to exit long positions taken at 1053.50 - 1054 area. 

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

 
The rally up to 1053.50 is meets the obj. from the previous bulletin, and completes the trade.

Bulletin - Originally sent 11/04/03 (12:26 pm est) 

 
Short positions were taken at the high end of the sell area at 1057.  The sell off down to 1053 is near enough to the 1052 obj. and completes the trade.

Bulletin - Originally sent 11/04/03 (1:15 pm est) 

 
The sell stop was hit at 1051 putting traders into short positions.  The market is showing support at the 1051 area at this time that can possibly stimulate some rallies back up to the resistance area, which can still be considered a sell.
 
It is recommended to exit short positions at the market, which is trading at 1052.30 at this time, and cut losses.

Results:    11/04/03

Sold @ 1054.50 Bought @ 1052 = + $   625.00
Bought @ 1052 Sold @ 1053.50 = + $   375.00     
Sold @ 1057 Bought @ 1053   = + $1,000.00
TOTAL (P & L)    + $2,000.00
 
thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 11-05-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1053 intra-day channel and peak also 1053.50 newly developed minor day channel and 1054 peak (major area) / 1057 day top and 1058.20 peak (major area) / 1059.70 major long-term day channel and 1060.50 day top also 1061 major daily upper channel and 1062.70 daily upper channel (very major area) / 1066.20 major weekly upper channel and 1066.60 major monthly upper channel also 1067.50 monthly closing price and 1069 weekly closing gap for the Dec. contract (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1051 GBX channel and 1050.70 minor day channel also 1050.50 base and 1050 day bottom also 1049.50 weekly closing gap (very major area) / 1046.60 GBX bottom and 1046.10 minor day channel (major area) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (major area) / 1035.50 weekly channel and 1032.80 day bottom (very major area) / 1030.70 day gap and 1029.80 GBX bottom also 1029.20 major day channel (very major area) / 1027.30 weekly bottom also 1027.10 major monthly channel (very major area) / 1024.80 major long-term day channel (very major area) / 1022.40 major weekly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1011.50 day bottom (major) / 1009.80 major day channel and 1008.20 minor weekly channel and day channel also 1006.40 minor weekly channel (very major area).
 
Comments:  
    The whiplashing action on Tuesday proved the neutral condition and significance of this area leaving the chart critically neutral inside a very tight trading range between 1053.50 and 1050.70.  The weekly trading range remains between 1066.20 and 1035.50, which one side is likely to materialize soon.  A breakout to either side can possibly point a direction.  Remain defensive inside the first neutral range and until a solid signal for direction is established.
                                                                                                                                                                                                                                                                          
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1053 - 1054 area or buy dips near 1051 - 1050.50 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 1054.70).  (Use a sell stop and rev. short at 1049).
 
Buy stop at 1054.70 for obj. near 1057 - 1059.70 area.
Buy stop at 1063.20 for obj. near 1066.20 - 1067 area.
 
Sell stop at 1049 for obj. near 1046.60 - 1046.10 area.
Sell stop at 1045 for obj. near 1042.50 - 1040 area.
Sell stop at 1039 for obj. near 1036.50 - 1035.50 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 11/05/03 (9:28 am est) 

 
Due to the technical conditions at this time, the 1049 sell stop will be cancelled.  Long positions can be taken between 1051 and 1046.10.  (Continue to use a sell stop and rev. short at 1045).

Bulletin - Originally sent 11/05/03 (9:43 am est) 

 
Long positions were taken on the opening at 1049.50.  The obj. is now at 1052 - 1053 area.  (Continue to use a sell stop and rev. short at 1045).

Bulletin - Originally sent 11/05/03 (9:52 am est) 

 
Short positions were taken at 1049.50.  The rally up to 1052 meets the obj. and completes the trade.
 
Short positions were taken at 1053.  The obj. is at 1051 - 1050.  (Continue to use a buy stop and rev. long at 1054.70).

Bulletin - Originally sent 11/05/03 (10:05 am est) 

 
Short positions were taken at 1053.  The sell off down to 1051 meets the obj. and completes the trade.

Bulletin - Originally sent 11/05/03 (10:37 am est) 

 
The sell stop was hit at 1045 putting traders into short positions.  The market is showing support at 1044.50 at this time. 
 
It is recommended to exit the short position at the market, which is trading at 1045.50 at this time and scratch the trade.

Results:    11/05/03

Bought @ 1049.50 Sold @ 1052 = + $   625.00
Sold @ 1053 Bought @ 1051 = + $   500.00     
Sold @ 1045 Bought @ 1048.50   = -  $   125.00
TOTAL (P & L)    + $1,000.00
 
thetechguru.com 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 11-06-03 :  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 -
1053.80 double top and 1054 peak (major area) / 1057 day top (major) / 1058.20 peak and 1059.30 major long-term day channel (very major area) / 1060.50 day top and 1061 day top also 1062.15 major weekly upper channel and 1063.20 daily upper channel (very major area) / 1066.20 minor weekly upper channel and 1066.60 major monthly upper channel (very major area) / 1067.50 monthly closing price and 1069 weekly closing gap for the Dec. contract (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1051.70 intra-day gap and 1051 intra-day channel (major area) / 1049.60 base and 1048.30 intra-day channel (major area) / 1046.80 base and 1046.60 newly developed day channel (very major area) / 1044 minor day channel and 1043.30 day bottom (major area) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (very major area) / 1035.50 weekly channel and 1032.20 day bottom (very major area) / 1030.70 major day channel also 1030.70 day gap and 1029.80 GBX bottom (major area) / 1027.30 weekly bottom and 1027.10 major monthly channel also 1026.30 major long-term day channel (very major area) / 1022.40 major weekly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1011.50 day bottom and 1010.60 major day channel (major area) / 1008.90 day channel also 1008.20 and 1006.40 minor weekly channels (very major area).
 
Comments:  
    The sell-off and rally whiplashing on Wednesday managed to close up on the day leaving the chart neutral to slightly bullish.  A trade above 1059.30 - 1060.50 area is bullish and a trade above 1063.20 and 1066.60 areas will confirm the major uptrend intact for higher prices.  A trade today below 1046.60 is slightly bearish but only a trade below 1035.50 can bring any solid bearishness back to the chart.  Remain defensive inside today's neutral trading area between 1059.30 and 1046.60.
                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can buy  at 1051 or sell at 1053, whichever side comes first, to complete the trade.  NOTE:  If this trade is not complete then follow the next trade in line adding to the position and use the protective stop listed in that trade.
 
Aggressive traders can sell rallies near 1057 - 1059 area for obj. near 1054 - 1053 area.  (Use a buy stop and rev. long at 1063.70).
 
Aggressive traders can buy dips near 1049 - 1046.60 area for obj. near 1052-1053 area.  (Use a sell stop and rev. short at 1043). 
 
Sell stop at 1043 for obj. near 1041 - 1040 area.
Sell stop at 1039 for obj. near 1036.50 - 1035.50 area.
 
Buy stop at 1063.70 for obj. near 1066 - 1067 area.
Buy stop at 1074 for obj. near 1076 - 1079 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 11/06/03 (9:45 am est) 

 
Long positions were taken at 1050.30 on the opening.  The obj. was not met from the first trade, so long positions were taken again at 1048.  The obj. for both long positions are near 1052 - 1053 area.  (Continue to use a sell stop and rev. short at 1043). 

Bulletin - Originally sent 11/06/03 (1:15 pm est) 

 
Long positions were taken at 1050.30 and 1048 this morning.  The rally up to 1051.70 is near enough to the 1052 obj. and completes the trade.

Bulletin - Originally sent 11/06/03 (3:40 pm est) 

 
The rally up to 1057 0 1059 area put traders into short positions.  The obj. remains at 1054 - 1053 area.  (Continue to use a buy stop and rev. long at 1063.70).

Results:    11/06/03

Bought @ 1050.30 Sold @ 1051.70 = + $   350.00
Bought @ 1048 Sold @ 1051.70 = + $   950.00     
Sold @ 1058 Bought @ 1058.50   = -  $   125.00
TOTAL (P & L)    + $1,175.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 11-07-03 :  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 -
1058.90 major long-term daily channel and 1060.50 day top (major area) / 1061 day top and 1062.20 major weekly upper channel (very major area) / 1063.70 daily upper channel (major) / 1066.20 minor weekly upper channel and 1066.60 major monthly upper channel (very major area) / 1067.50 monthly closing price and 1069 weekly closing gap for the Dec. contract (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1057.50 intra-day channel (major) / 1055.50 and 1055 base areas (major area) / 1053.40 intra-day channel and rev. peak (major area) / 1050.80 and 1050 base areas also 1048.60 and 1048.30 day channels also 1047.50 minor day channel (very major area) / 1045.40 day bottom (major) / 1044.60 minor day channel and 1043.30 day bottom (major area) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (very major area) / 1035.50 weekly channel and 1032.30 major day channel also 1032.20 day bottom (very major area) / 1030.70 day gap and 1029.80 GBX bottom (major area) / 1027.70 major long-term day channel and 1027.30 day bottom also 1027.10 major monthly channel (very major area) / 1022.40 major weekly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1011.50 day bottom and 1011.40 major day channel (major area) / 1009.70 day channel also 1008.20 and 1006.40 minor weekly channels (very major area).
 
Comments:  
    The rally on Thursday from the support area was significant and managed to close the market at the major resistance area leaving the chart neutral to bullish but very defensive.  A trade above 1060.50 - 1062.20 area is bullish but a trade above 1066.20 - 1067.50 area will confirm the major uptrend intact for higher prices to follow.  A trade today below the 1048.60 and 1048.30 channels is slightly bearish but a trade below 1043.30 - 1040 area will challenge the 1035.50 weekly channel.  A trade below 1035.50 - 1032.30 area can possibly reverse the momentum to the downside.  Remain defensive inside the neutral trading area between 1062.20 and 1053.40 area.   
                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1060.50 - 1062.20 area and if possible near 1066  for obj. near 1057.50 - 1055.50 area.  (Use a buy stop and rev. long at 1073).
 
Aggressive traders can buy dips near 1049.50 - 1048.30 area for obj. near 1053 - 1054.50 area.  (Use a sell stop and rev. short at 1046.70).
 
Buy stop at 1073 for obj. near 1076 - 1079 area.
 
Sell stop at 1046.70 for obj. near 1044.70 - 1043.30 area.
Sell stop at 1039 for obj. near 1036.50 - 1035.50 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 11/07/03 (9:38 am est) 

 
Short positions were taken on the opening at 1060.60.  The sell down to 1058.50 is near enough to the 1057.50 obj. and completes the trade.

Bulletin - Originally sent 11/07/03 (9:44 am est) 

 
The resistance at 1063.70 and 1066.20 is significant enough for traders to consider short positions again at the high end. 
 
It is recommended for traders to sell rallies near 1063.70 - 1066.20 area for an obj. near 1061 - 1059 area.  (Continue to use a buy stop and rev. long at 1073).

Results:    11/07/03

Sold @ 1060.60 Bought @ 1058.60 = + $   500.00
Sold @ 1060.50 Bought @ 1057.50   = + $   750.00
TOTAL (P & L)    + $1,250.00
The week in review - 11/10/03 - 11/14/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 11-10-03 :  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 -
1051.80 intra-day channel and peak also 1051.70 and 1052 peaks (major area) / 1053.50 peak and 1054.40 intra-day channel and rev. base (major area) / 1057.30 and 1057.70 peaks also 1058.40 intra-day channel also 1058.40 newly developed major weekly channel (very major area) / 1060.90 newly developed major day channel and 1061.50 newly developed major weekly channel with GBX prices also 1061.30 weekly top (very major area) / 1063.10 major weekly channel with GBX prices and 1064 major day channel with GBX prices also 1064.40 GBX weekly top (very major area) / 1065.20 and 1066.60 major monthly upper channel and 1067.50 weekly upper channel also 1067.50 monthly closing price (very major area) / 1069 weekly closing price and 1069.90 major weekly upper channel (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1050 day bottom and 1050 base also 1049.60 minor day channel and 1048.30 base (major area) / 1045.40 day bottom and 1045.30 minor day channel with GBX prices also 1045 weekly channel and 1043.30 weekly bottom (very major area) / 1042.50 and 1041.60 day bottoms also 1040 GBX bottom (major area) / 1033.90 major day channel and 1032.20 day bottom to 1030.70 day gap also 1029.80 GBX bottom and 1029.10 long-term major day channel (very major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1016.70 and 1016.50 monthly channels (very major area) / 1012.30 minor weekly channel and 1011.50 day bottom also 1010.10 minor weekly channel (very major area) / 1002 minor day channel and 997.30 weekly bottom also 997.20 (very major area).
 
Comments:  
    The sell-off on Friday from the major resistance area proved the significance of the area, but the weekly closing price managed to settle up for the week leaving the chart neutral inside a very tight daily trading range between 1058.40 and 1045.30 daily channels.  The weekly channels leaves the chart neutral between 1016.50 and 1045.  The monthly channels leaves the chart neutral between 1069.90 and 1027.10.  With all the different trading ranges that has developed, it will take a breakout to either side of the monthly range between 1069.90 and 1027.10 to possibly point a solid direction.  Until then, remain defensive inside the first neutral trading range between 1054.40 and 1049.60 also between 1058.40 and 1045.30.
                                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1051.50 - 1054.40 area or buy dips near 1049.60 - 1045.30 area, whichever side comes first, to complete the trade.  (Use a protective buy stop at 1056.  Do not rev. long).  (Use a protective sell stop at 1044.20.  Do not rev. short).
 
Aggressive traders can sell rallies near 1058 - 1061 area for obj. near 1054.50 - 1051.50 area.  (Use a protective buy stop at 1062.70.  Do not rev. long).
 
Aggressive traders can sell rallies near 1065 - 1069 area for obj. near 1060.50 - 1058.50 area.  (Use a buy stop and rev. long at 1073.50).
 
Aggressive traders can buy dips near 1042.50 - 1040 area for obj. near 1045 - 1048 area.  (Use a sell stop and rev. short at 1038).
Aggressive traders can buy dips near 1030 - 1027.10 area for obj. near 1035 - 1037 area.  (Use a sell stop and rev. short at 1024).
 
Buy stop at 1073.50 for obj. near 1076 - 1079 area.
Buy stop at 1082 for obj. near 1086 - 1089 area.
 
Sell stop at 1038 for obj. near 1034 - 1032 area and possibly near 1030.70 gap.
Sell stop at 1024 for obj. near 1019.50 - 1016.50 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 11/10/03 (9:50 am est)

 
Short positions were taken on the opening at 1052.  Due to the narrow trading range, the sell-off down to 1050 is near enough to the 1049.60 and completes the trade. 

Bulletin - Originally sent 11/10/03 (12:38 pm est)

 
The market is showing support at the 1046.80 area at this time, which can be a signal that the 1045 weekly channel support can stimulate rallies. 
 
It is recommended for traders to attempt long positions at 1046.50 - 1045 area and if possible near 1042.50 for an obj. near 1050 - 1052 area.  (Use a sell stop and rev. short at 1038).   

Bulletin - Originally sent 11/10/03 (1:25 pm est)

 
Long positions were taken at the double bottom at 1046.80.  The obj. remains at 1050 - 1052 area.  (Continue to use a sell stop and rev. short at 1038).

Bulletin - Originally sent 11/10/03 (12:48 pm est)

 
Long positions were taken at 1046.80.  The rally up to 1050 meets the obj. and completes the trade.

Results:    11/10/03
Sold @ 1052 Bought @ 1050   = + $   500.00       
Bought @ 1046.80 Sold @ 1050 = + $   800.00
TOTAL (P & L)    + $1,300.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 11-11-03 :  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 Dec. contract -
1046.80 peak and 1047.50 intra-day channel (major area) / 1049 intra-day channel and peak also 1050 and 1050.50 peaks (major area) / 1052.50 day top and 1053.50 peak also 1053.80 GBX top (major area) / 1055.50 intra-day channel (major) / 1057.30 and 1057.70 peaks also 1058.40 major weekly channel (very major area) / 1060.50 major day channel and 1061.50 major weekly channel with GBX prices also 1061.30 weekly top (very major area) / 1063.10 weekly channel with GBX prices and 1063.60 day channel with GBX prices also 1064.40 weekly top (very major area) / 1065.20 and 1066.60 major monthly upper channel and 1067.50 weekly upper channel also 1067.50 monthly closing price (very major area) / 1069 weekly closing price and 1069.90 major weekly upper channel (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1045.30 and 1045 minor day channel also 1044.20 day bottom (major area) / 1043.30 weekly bottom and 1042.50 day bottom also 1041.60 day bottom and 1040 GBX bottom (very major area) / 1035.50 major day channel (major area) / 1032.20 day bottom to 1030.70 day gap also 1030.50 long-term major day channel and 1029.80 GBX bottom also 1029.30 major weekly channel (very major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1013.10 day channel and 1012.30 minor weekly channel and 1011.50 day bottom also 1011.20 day channel and 1010.10 minor weekly channel (very major area) / 1002.60 minor day channel and 997.30 weekly bottom (major area).
 
Comments:  
    The sell-off on Monday brought prices slightly below the 1045 major weekly channel but managed to close in neutral condition.  The neutral condition can swing prices to both sides.  A trade below 1040 can put selling pressure to bring prices down to challenge the 1035.50 and possibly near the 1027.10 major support.  A trade below 1027.10 is bearish and can be the first signal of a major reversal of the trend to the downside.  A trade today above 1058.40 and 1061.50 is bullish but only a trade above 1066.60 and 1069.90 will confirm the uptrend intact for higher prices.  Remain defensive inside the first trading range between 1049 and 1045 and also between 1058.40 and 1040 area.
                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1047.50 - 1049 area or buy dips near 1045.50 - 1043 area, whichever side comes first, to complete the trade.  (Use a buy stop and rev. long at 1050.20).  (Use a sell stop and rev. short at 1038.70).
 
Aggressive traders can sell rallies near 1055 - 1058 area for obj. near 1051 - 1049 area.  (Use a protective buy stop at 1061.70.  Do not rev. long).
 
Aggressive traders can buy dips near 1030.70 gap to 1029.30 area and if possible near 1027.10 for obj. near 1034 - 1036 area.  (Use a sell stop and rev. short at 1024).
 
Buy stop at 1050.20 for obj. near 1052.50 - 1055 area.
 
Sell stop at 1038.70 for obj. near 1036.50 - 1035.50 area.
Sell stop at 1034 for obj. near 1032 - 1030.70 gap area and possibly near 1029.30 - 1027.10 area.
Sell stop at 1024 for obj. near 1020 - 1016.70 area.
 

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

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

 
Long positions were taken at 1045 and 1043.  The rally up to 1047.50 meets the obj. and completes the trade.

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

 
Short positions were taken at 1047.50.  The sell-off down to 1045.30 was near enough to the 1045 obj. and completes the trade.

Results:    11/11/03
Bought @ 1045 Sold @ 1047.50   = + $   625.00       
Bought @ 1043 Sold @ 1047.50 = + $1,125.00
Sold @ 1047.50 Bought @ 1045.30 = + $   550.00
TOTAL (P & L)    + $2,300.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 11-12-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1046.70 peak and 1047.50 day top also 1048.30 intra-day channel (major area) / 1050 and 1050.50 peaks also 1052.50 day top and 1053.80 GBX top (very major area) / 1057.30 and 1057.70 peaks also 1058.40 major weekly channel and 1059.80 long-term major day channel (very major area) / 1060 peak and 1061.30 weekly top also 1061.50 major weekly channel with GBX prices (very major area) / 1063.10 weekly channel with GBX prices and 1063.30 major day channel with GBX prices also 1064.40 GBX weekly top and 1065.20 long-term major monthly upper channel (very major area) / 1066.60 major monthly upper channel and 1067.50 weekly upper channel also 1067.50 monthly closing price (very major area) / 1069 weekly closing price and 1069.90 major weekly and monthly upper channel (very major area) / 1071 monthly top (major) / 1077.20 monthly closing price and 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and 1096 day top (major area).
 
Support:  For the Dec. contract -
1044.40 and 1043.90 newly developed day channels (major area) / 1042.30 day bottom and 1041.80 GBX bottom also 1040 GBX bottom (very major area) / 1037.10 major day channel (major area) / 1032.20 day bottom and 1031.90 long-term major day channel (very major area) / 1030.70 day gap and 1029.80 GBX bottom also 1029.30 major weekly channel also 1027.30 weekly bottom and 1027.10 major monthly channel (very major and significant area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1013.90 and 1012 day channels also 1011.50 day bottom (major area) / 1010.10 minor weekly channel (very major area) / 1004 minor day channel (major area) / 997.30 weekly bottom and 994.10 monthly closing gap (very major area).
 
Comments:  
    Tuesday's trading session remained inside the first narrow neutral area, leaving the chart neutral again but slightly supportive inside the first narrow trading range between 1048.30 and 1043.90 area.  As long as the market remains above the 1040 area today then rallies can develop.  The second and major trading range today is between 1058.40 and 1037.10, which is significant at this time.  Remain defensive inside these two trading areas until a solid direction can be established.
                                                                                                                                                                                                                                                                                          
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1045 - 1043.90 area or sell rallies near 1047 - 1048.30 area, whichever side comes first, to complete the trade.  (Use a sell stop and rev. short at 1039.70).  (Use a buy stop and rev. long at 1049.20).
 
Aggressive traders can sell rallies near 1058 - 1059.80 area for obj. near 1055 - 1053 area.  (Use a protective buy stop at 1061.70.  Do not rev. long).
 
Aggressive traders can buy dips near 1037.50 - 1037.10 area for obj. near 1039.50 - 1040 area.  (Use a sell stop and rev. short at 1035.70).
 
Aggressive traders can attempt long positions near 1029.80 - 1027.10 area for obj. near 1033 - 1035 area and possibly near 1037.  (Use a sell stop and rev. short at 1024).
 
Buy stop at 1049.20 for obj. near 1051 - 1053 area.
Buy stop at 1054.30 for obj. near 1057.30 - 1058.40 area and possibly near 1059.80.
 
Sell stop at 1039.70 for obj. near 1037.50 - 1037.10 area.
Sell stop at 1035.70 for obj. near 1032.50 - 1031.90 area and possibly near 1029.30.
Sell stop at 1024 for obj. near 1020 - 1016.70 area.
 

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

Bulletin - Originally sent 11/12/03 (10:00 am est)

 
Long positions were taken at 1045.80.  The rally up to 1048 meets the obj. and completes the trade.
 
The buy stop was hit at 1049.20 putting traders into long positions. 

Bulletin - Originally sent 11/12/03 (11:02 am est)

 
Long positions were taken at 1049.20.  The rally up to 1050.50 was near enough to the 1051 obj. and completes the trade. 
 
Traders still holding long positions should exit at and scratch the trade.

Bulletin - Originally sent 11/12/03 (3:55 pm est)

 
Short positions were taken at 1058.50.  The sell-off down to 1056.20 is showing signs of support.
 
It is recommended to exit the short position at the market, which is trading at 1057 at this time, and scratch the trade with a small profit.

Results:    11/12/03
Bought @ 1045.80 Sold @ 1048   = + $   550.00       
Bought @ 1049.20 Sold @ 1050.20 = + $   250.00
Bought @ 1054.30 Sold @ 1057.30 = + $   750.00
Sold @ 1058.50 Bought @ 1057 = + $   375.00
TOTAL (P & L)    + $2,125.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Th