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 Thursday 11-13-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1059.50 peak and 1059.80 long-term major day channel also 1060 peak (very major area) / 1061.30 weekly top and 1061.50 major weekly channel with GBX prices (very major area) / 1062.90 major day channel and 1063.10 weekly channel with GBX prices (major area) / 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 -
1057 and 1056.30 intra-day channels and 1056.20 base (major area) / 1052.50 and 1051.50 (major area) / 1048.30 base also 1048.10 day channel and 1047.40 GBX channel also 1046.60 and 1046 day channels (very major area) / 1045.80 day bottom and 1044.60 GBX bottom also 1044.40 day channel (major area) / 1042.30 day bottom and 1041.80 GBX bottom also 1040 GBX bottom and 1038.70 day channel (very major area) / 1033.30 long-term major day channel and 1032.20 day bottom (very major area) / 1030.70 day gap 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 and significant area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1014.80 and 1012.80 day channels also 1011.50 day bottom (major area).
 
Comments:  
    The rally on Wednesday from the support area, was expected from having the supportive conditions.  The major resistance at 1059.80 managed to hold off any further rallies on Wednesday leaving the chart neutral inside the 1059.80 - 1048.10 trading range.  A trade above 1059.80 and 1061.50 will put the chart in bullish conditions but prices must trade above 1066.60 and 1069.90 to confirm the uptrend intact for higher prices.  A trade below 1048.10 - 1046 area is slightly bearish but only a trade below 1033.30 and 1027.10 can bring any solid bearishness back to the chart.  Remain defensive inside the 1059.80 - 1048.10 neutral area until a solid direction can be established.
                                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1059 - 1059.80 area and if possible ner 1061.50 or buy dips near 1056 - 1054.50 area, which ever side comes first, to complete the trade.  (Use a buy stop and rev. long at 1063.70).  (Use a sell stop and rev. short at 1053).
 
Sell stop at 1053 for obj. near 1051.50 - 1048.10 area.
Sell stop at 1050.50 for obj. near 1048.50 - 1046.60 area.
 
Aggressive traders can buy dips near 1048.50 - 1046.60 area for obj. near 1053 - 1055 area.  (Use a sell stop and rev. short at 1043.90).
 
Sell stop at 1043.90 for obj. near 1041.90 - 1040 area and possibly near 1038.70.
Sell stop at 1035.70 for obj. near 1033.30 and possibly near 1032.20 - 1030.70 gap area.
 
Buy stop at 1063.70 for obj. near 1064.40 - 1065.20 area and possibly near 1066.60.
Buy stop at 1072.20 for obj. near 1076 - 1077.20 area and possibly near 1079.
Buy stop at 1082 for obj. near 1085 - 1087 area and possibly near 1089.
 

* 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 11/13/03 (9:42 am est)

 
The sell stop was hit at 1053, putting traders into short positions.  The market is showing signs of support for traders to still consider long positions at this time.
 
It is recommended for traders to buy and rev. long at the market, which is trading at 1053.80 at this time.  The obj. is at 1057 - 1059 area.  (Use a sell stop and rev. short at 1050.50).

Bulletin - Originally sent 11/13/03 (10:16 am est)

 
Long positions were taken at 1053.50.  The rally up to 1056.30 is near enough to the 1057 obj. and completes the trade. 

Bulletin - Originally sent 11/13/03 (10:17 am est)

 
The support area at 1054 - 1053 can still be considered a buying area.  Aggressive traders can buy dips near 1054.50 - 1053.50 area for obj. near 1057 - 1059 area.  (Continue to use a sell stop and rev. short at 1050.50).

Bulletin - Originally sent 11/13/03 (12:48 pm est)

 
Long positions were taken at 1053.50.  The rally up to the double top at 1056.30 is considered resistance and near enough to the 1057 obj., which completes the trade.

Bulletin - Originally sent 11/13/03 (2:51 pm est)

 
The long position were taken at 1053.50.  The rally up to 1057 meets the obj. and completes the trade.

Bulletin - Originally sent 11/13/03 (3:32 pm est)

 
The rally up to 1059 - 1059.50 put traders into short positions.  The sell-off down to 1056 meets the obj. and completes the trade.

Results:    11/13/03

Bought @ 1054.30 Sold @ 1053   = -  $   325.00       
Sold @ 1053 Bought @ 1053.50 = -  $   125.00     bought as per bulletin
Bought @ 1053.50 Sold @ 1056.30 = + $   700.00     bought as per bulletin
Bought @ 1053.50 Sold @ 1056.30 = + $   700.00     bought as per bulletin
Bought @ 1053.50 Sold @ 1057 = + $   875.00
Sold @ 1059 Bought @ 1056 = + $   750.00
TOTAL (P & L)    + $2,575.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 11-14-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1058.30 and 1059 minor day channels also 1059.30 long-term major day channel also 1059.50 day top and 1060 peak (very major area) / 1061.30 weekly top and 1061.50 major weekly channel with GBX prices (very major area) / 1062.50 major day channel with GBX prices and 1063.10 weekly channel with GBX prices (major area) / 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 -
1055.50 base and 1055 intra-day channel (major area) / 1053.80 intra-day channel and 1053.80 base also 1053.10 base and 1052.10 day bottom (major area) / 1050.20 GBX channel and rev. peak (major area) / 1048.30 base and 1048.10 day channel with GBX prices (major area) / 1045.80 day bottom and 1044.60 GBX bottom (major area) / 1042.30 day bottom and 1041.80 GBX bottom also 1040.20 major day channel and 1040 GBX bottom (very major area) / 1034.70 long-term major day channel (very major area) / 1032.20 day bottom (major) / 1030.70 day gap 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 and significant area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom (very major area) / 1015.60 and 1013.60 day channels also 1011.50 day bottom (major area).
 
Comments:  
    Thursday's trading range remained inside the neutral area leaving the chart neutral and defensive for prices to swing either way.  A trade above 1059.30 and 1061.50 is bullish but prices must trade above 1066.60 and 1069.90 to confirm the uptrend intact for higher prices.  A trade today below 1050.20 - 1048.10 area is slightly bearish but a trade below 1040 will bring prices down to challenge the 1034.70 area and possibly near the major support at 1029.30 - 1027.10 area.  Remain defensive inside the first neutral area between 1059.30 - 1053.80.
                                                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1055.50 - 1055 area and if possible near 1053.80 for obj. near 1057 - 1059 area.  (Use a sell stop and rev. short at 1052).
 
Aggressive traders can sell rallies near 1059.30 - 1061.50 area for obj. near 1057 - 1055.50 area.  (Use a buy stop and rev. long at 1063.70).
 
Aggressive traders can buy dips near 1050.20 - 1048.10 area for obj. near 1052 - 1054 area.  (Use a sell stop and rev. short at 1047).
 
Sell stop at 1052 for obj. near 1050.20 - 1048.10 area.
Sell stop at 1047 for obj. near 1045 - 1043 area and possibly near 1040.20.
Sell stop at 1039 for obj. near 1035.50 - 1034.70 area.
 
Buy stop at 1063.70 for obj. near 1065 - 1066.60 area and possibly near 1067.50 - 1069.90 area.
Buy stop at 1072.50 for obj. near 1075.50 - 1077.20 area.
Buy stop at 1082 for obj. near 1085 - 1087 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 11/14/03 (10:18 am est)

 
Short positions were taken at 1059.50 and 1061.50.  The sell stop was not hit at 1063.70 keeping the short position intact, even though the E-mini traded slightly above.  The sell off down to 1057 meets the obj. and completes the trade.

Bulletin - Originally sent 11/14/03 (10:42 am est)

 
The sell off down to 1055.50 - 1055 area put traders into long positions.  The rally up to 1056.80 is near enough to the 1057 obj. and completes the trade.

Bulletin - Originally sent 11/14/03 (3:04 pm est)

 
The sell stop was hit at 1052 putting traders into short positions.  The sell-off down to 1050 meets the obj. and completes the trade.

Bulletin - Originally sent 11/14/03 (3:23 pm est)

 
The sell off down to 1050 - 1048.10 area put traders into long positions.  Since the sell off was lower then the 1048.10 support the market is now defensive. 
 
It is recommended for traders to exit the long position at the market, which is trading at 1049.50 at this time, and scratch the trade.

Results:    11/14/03

Sold @ 1059.30 Bought @ 1057   = + $   575.00       
Sold @ 1061.50 Bought @ 1057 = + $1,125.00     
Bought @ 1055 Sold @ 1056.80 = + $   450.00     
Bought @ 1055 Sold @ 1057 = + $   750.00    
Sold @ 1052 Bought @ 1050 = + $   500.00
Bought @ 1049.50 Sold @ 1049.50 =    $     -0-    
TOTAL (P & L)    + $3,400.00

The week in review - 11/17/03 - 11/21/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 11-17-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1049.70 intra-day channels also 1050.70 and 1051.50 peaks (major area) / 1055.50 intra-day channel (major area) / 1058.10 day session and 1059.20 peak (major area) / 1060.50 newly developed major long-term weekly channel also 1062 and 1062.20 minor weekly channels also 1062.90 major long-term day channel also 1063.30 weekly top and 1064.40 GBX weekly top (very major area) / 1065.10 monthly upper channel and 1066.60 major monthly upper channel (very major area) / 1069.30 newly developed major weekly upper channel and 1069.90 minor upper channel (very major area) / 1070.50 weekly upper channel and 1071 monthly top also 1073.60 weekly upper channel (very major area) / 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 -
1047.80 day channel and 1047.30 day bottom also 1047.10 day channel with GBX prices (major area) / 1045.80 day bottom and 1045.60 day channel with GBX prices also 1044.60 GBX bottom and 1044 base (major area) / 1042.60 minor GBX channel and 1042.30 weekly bottom also 1041.80 GBX weekly bottom also 1041.60 weekly bottom and 1040 GBX weekly bottom (major area) / 1036.10 major long-term weekly channel (very major area) / 1032.20 day bottom to 1030.70 day gap also 1029.80 GBX weekly bottom (major area) / 1027.50 weekly channel and 1027.30 weekly bottom also 1027.10 major monthly channel (very major area) / 1022.60 monthly channel (major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom and 1016.30 weekly channel (very major area) / 1013.80 weekly channel and 1011.50 day bottom (major area) / 997.30 monthly bottom and 995.70 minor weekly channel also 994.10 major monthly gap (very major area).
 
Comments:  
    On Friday after making new highs for the week, the market sold-off from the major resistance bringing prices down to close below the last two preceding weeks closes, which is considered a technical key reversal and a bearish signal for possible lower prices to follow, but the market still faces major support areas leaving the chart neutral to bearish.  A trade today above the 1049.70 - 1051.50 area is slightly bullish but only a trade above 1060.50 - 1062.20 area can bring any solid bullishness back to the chart.  A trade below 1042.60 - 1040 is bearish but only a trade below 1036.10 can bring a solid bearish signal for prices to challenge the 1030.70 gap and 1027.10 monthly channel.  If the market trades, any day this month, below 1027.10 it will signal the beginning of a major downtrend.  A trade below 1016.30 - 1013.80 area will confirm the downtrend intact for lower prices to follow.  Remain defensive inside the first neutral area between 1051.50 - 1042.60 area and also between the major weekly range between 1062.20 - 1036.10 areas.
                                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can attempt long positions near 1043 - 1042.60 area for obj. near 1045 - 1047 area.  (Use a sell stop and rev. short at 1039.30).
 
Aggressive traders can attempt long positions near 1036.50 - 1036.10 area for obj. near 1038.50 - 1039.50 area and possibly near 1040.  (Use a sell stop and rev. short at 1034.30).
 
Aggressive traders can sell rallies near 1049 - 1051.50 area for obj. near 1046.50 - 1045.60 area.  (Use a protective buy stop at 1053.  Do not rev. long).
 
Aggressive traders can sell rallies near 1060 - 1062.20 area, if it gets there, for obj. near 1055 - 1053 area and possibly near 1051.  (Use a buy stop and rev. long at 1067.20).
Buy stop at 1067.20 for obj. near 1069.20 - 1069.90 area and possibly near 1070.50.
Buy stop at 1074.20 for obj. near 1077.20 - 1079 area.
 
Sell stop at 1039.30 for obj. near 1036.50 - 1036.10 area.
Sell stop at 1034.30 for obj. near 1032.30 - 1030.70 gap and possibly near 1027.10 major monthly 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 11/17/03 (9:48 am est)

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

Bulletin - Originally sent 11/17/03 (10:17 am est)

 
The 1039.30 sell stop was hit putting traders into short positions.  The market is showing signs of support because of the 1036.10 channel line. 
 
It is recommended for traders to exit the short position and scratch the trade.  The market is trading at 1039.80 at this time.

Bulletin - Originally sent 11/17/03 (11:23 am est)

 
The sell-off down to 1036.50 put traders into long positions.  The obj. remains at 1038.50 - 1039.50 area.  Continue to use a sell stop and rev. short at 1034.30.

Bulletin - Originally sent 11/17/03 (12:16 pm est)

 
Long positions were taken at 1036.50.  The rally up to 1038.50 - 1039.50 meets the obj. and completes the trade.

Bulletin - Originally sent 11/17/03 (1:57 pm est)

 
The sell stop was hit at 1034.30, putting traders into short positions.  The market is showing signs of support in this level at this time.
 
It is recommended for traders to exit the short position and scratch the trade.  The market is trading at 1035 at this time.

Results:    11/17/03

Bought @ 1043 Sold @ 1045   = + $   500.00       
Sold @ 1039.30 Bought @ 1039.30 =    $      -0-        bought as per bulletin 
Bought @ 1036.50 Sold @ 1038.50 = + $   500.00
Sold @ 1034.30 Bought @ 1035 = -  $   175.00     bought as per bulletin
TOTAL (P & L)    + $   825.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 11-18-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1045.30 day top (major) / 1048 GBX top and 1048.90 weekly closing gap also 1050.20 intra-day channel and rev. base (very major area) / 1051.70 and 1053.50 peaks (major area) / 1059.20 peak and 1060.50 major long-term weekly channel (very major area) / 1062 and 1062.20 minor weekly channels also 1062.50 major long-term day channel and 1063.30 weekly top and 1064.40 GBX weekly top (very major area) / 1065.10 monthly upper channel and 1066.60 major monthly upper channel (very major area) / 1069.30 major weekly upper channel and 1069.90 minor monthly upper channel (very major area) / 1070.50 weekly upper channel and 1071 monthly top also 1073.60 weekly upper channel (major area) / 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 -
1040.30 base and 1039.60 rev. peak (major area) / 1037.50 intra-day channel and 1036.20 to 1035.80 base also 1035.70 newly developed major long-term day channel and 1035.60 and 1035.40 day channels (very major area) / 1034.30 day bottom and 1032.20 day bottom (major area) / 1030.70 day gap and 1029.20 GBX weekly bottom (major area) / 1027.50 weekly channel and 1027.30 weekly bottom also 1027.10 major monthly channel (very major area) / 1022.60 monthly channel (major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom and 1016.30 weekly channel (very major area) / 1013.80 weekly channel and 1011.50 day bottom (major area) / 997.30 monthly bottom and 995.70 minor weekly channel also 994.10 major monthly gap (very major area).
 
Comments:  
    The sell-off and then recovery rally in Monday's session removed some of the bearishness from the chart leaving the chart neutral inside a trading range between the 1048.90 - 1050.50 resistance and 1037.50 - 1035.40 support.  Remain defensive against whiplashing inside this neutral area until a solid direction can be confirmed.
                                                                                                                                                                                                                                                                                                          
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1046 - 1047 area and if possible near 1050.50 or buy dips near 1041 - 1039.60 area and if possible near 1037.50, whichever side comes first, to complete the trade.  (Use a protective buy stop at 1056.  Do not rev. long).  (Use a sell stop and rev. short at 1033).
 
Aggressive traders can sell rallies near 1059 - 1060.50 area and if possible near 1062.20 for obj. near 1056 - 1054 area.  (Use a buy stop and rev. long at 1054.70).
 
Aggressive traders can attempt long positions near 1028.50 - 1027.10 area for obj. near 1033 - 1035 area.  (Use a sell stop and rev. short at 1024).
 
Buy stop at 1064.70 for obj. near 1066 - 1069 area.
Buy stop at 1074.20 for obj. near 1077.20 - 1079 area.
 
Sell stop at 1033 for obj. near 1030.70 gap and possibly near 1028.50 - 1027.10 area.
Sell stop at 1024 for obj. near 1022 - 1021 area and possibly near 1020 - 1018 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 11/18/03 (10:38 am est)

 
Short positions were taken on the opening at 1046.50.  The sell off down to 1043 is near enough to the 1041.50 obj. to consider taking profits and now completes the trade.

Bulletin - Originally sent 11/18/03 (11:23 am est)

 
The sell-off down to 1041.70 out traders into long positions.  The rally up to 1046 meets the obj. and completes the trade.

Bulletin - Originally sent 11/18/03 (2:04 pm est)

 
The sell off down to 1037.50 is the low end of the buying area for long positions to be taken again.  The obj. is 1040.50  - 1042 area.  (Continue to use a sell stop and rev. short at 1033).

Bulletin - Originally sent 11/18/03 (3:49 pm est)

 
Long positions were taken at 1037.50.  The market made new lows below the 1034.30 from yesterday putting negativity into the chart. 
 
It is recommended to exit the long position at the market, which is trading at 1037, and scratch the trade. 

Bulletin - Originally sent 11/18/03 (4:12 pm est)

 
The sell stop was hit at 1033 putting traders into short positions.  The sell-off down to 1031 was near enough to the 1030.70 obj. and completes the trade.

Results:    11/18/03

Sold @ 1046.50 Bought @ 1043   = + $   875.00       
Bought @ 1041.70 Sold @ 1046 = + $1,075.00        
Bought @ 1037.50 Sold @ 1037 = -  $   125.00     sold as per bulletin
Sold @ 1033 Bought @ 1031.50 = + $   375.00     
TOTAL (P & L)    + $2,200.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 11-19-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1036 intra-day channel and 1038 peak (major area) / 1040.80 day channel and 1041 intra-day channel (very major area) / 1043.40 day session closing price and 1044.30 peak (major area) / 1046.30 and 1046.40 double peak also 1048.30 day top to 1048.90 weekly closing gap (major area) / 1051.70 peak (major) / 1059.20 peak and 1060.50 major long-term weekly channel (very major area) / 1062 major weekly channel and 1062.10 major long-term day channel also 1062.20 minor weekly channel (very major area) / 1063.30 weekly top and 1064.40 GBX weekly top also 1065.10 monthly upper channel (major area) / 1066.60 major monthly upper channel (very major area) / 1069.30 major weekly upper channel and 1069.90 minor monthly upper channel also 1070.50 weekly upper channel and 1071 monthly top (very major area) / 1073.60 weekly upper channel (major) / 1077.20 monthly closing price and 1079 day top (very major area).
 
Support:  For the Dec. contract -
1030.70 day gap and 1029.20 GBX weekly bottom also 1029.90 and 1028.30 major day channels (very major area) / 1027.50 weekly channel and 1027.10 major monthly channel (very major area) / 1022.60 monthly channel (major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom and 1016.30 weekly channel also 1015.90 major day channel (very major area) / 1013.80 weekly channel and 1011.50 day bottom (major area) / 1006.20 day channel (major area) / 997.30 monthly bottom and 995.70 minor weekly channel also 994.10 major monthly gap (very major area).
 
Comments:  
    The sell-off on Tuesday put some bearishness back into the market but it needs to be mentioned the significance of the 1029.80 - 1027.10 support area.  This area is the major support on the monthly and weekly chart and can possibly prove to be solid enough to hold-off any further drop in prices for a while and can stimulate rallies possibly back up to challenge the major top area again.  Remain defensive inside the first neutral trading area between 1041 - 1027.10 until the market can confirm a direction.
                                                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1035 - 1037 area for obj. near 1032 - 1030.70 gap and possibly near 1027.10 major monthly channel (Use a buy stop and rev. long at 1038.60).
 
Aggressive traders can sell rallies near 1040.80 - 1041 for obj. near 1038 - 1036.50 area.  (Use a buy stop and rev. long at 1044.50).
 
Aggressive traders can buy dips near 1030.70 - 1029.80 and if possible near 1027.50 - 1027.10 area for obj. near 1033 - 1036 area.  (Use a sell stop and rev. short at 1024).
 
Buy stop at 1038.60 for obj. near 1040 - 1041 area.
Buy stop at 1044.50 for obj. near 1046.50 - 1048.90 gap area.
Buy stop at 1053.70 for obj. near 1056.50 - 1058.50 area.
 
Sell stop at 1024 for obj. near 1022.60 - 1021 area and possibly near 1020 - 1018 area.
Sell stop at 1010 for obj. near 1006.50 and possibly near 1005. 
 

* 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 11/19/03 (10:04 am est)

 
Short positions were taken in the 1035 - 1037 area.  The sell-off down to 1033.20 is near enough to the 1032 obj. and completes the trade.

Bulletin - Originally sent 11/19/03 (11:10 am est)

 
he buy stop at 1038.60 was hit putting traders into long positions.  The market is showing signs of resistance at the level due to the major resistance found at 1041.
 
It is recommended to exit the long positions at the market, which is trading at 1037.50, and scratch the trade.

Bulletin - Originally sent 11/19/03 (12:10 pm est)

 
Due to a serious storm all intra-day data signals have stopped.  We have not had a price quote since 11:58 AM est.  As soon as prices are back we will inform.
 
TG

Bulletin - Originally sent 11/19/03 (1:15 pm est)

 
We have resumed receiving the technical data and bulletins will be issued accordingly.

Bulletin - Originally sent 11/19/03 (2:10 am est)

 
The rally up to the 1040.80 sell area put traders into short positions.  The obj. to exit is near 1038 - 1036.50.  Continue to use a buy stop and rev. long at 1044.50.

Bulletin - Originally sent 11/19/03 (2:19 pm est)

 
The rally in the S & P brought prices above the major resistance at 1041 putting some bullishness into the chart.
 
It is recommended to exit the short position at the market, which is trading at 1041.30, and scratch the trade.

Results:    11/19/03

Sold @ 1036 Bought @ 1033.50   = + $   625.00       
Bought @ 1038.60 Sold @ 1037.50 = -  $   275.00
Sold @ 1039.50 Bought @ 1036.50 = + $   750.00
Sold @ 1040.80 Bought @ 1041.30 = -  $   125.00
TOTAL (P & L)    + $   975.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 11-20-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1043.30 intra-day channel and 1043.50 peak also 1043.70 day top and 1044.30 peak (major area) / 1046.30 and 1046.40 double peak also 1048.30 day top to 1048.90 weekly closing gap (major area) / 1051.70 peak and 1052.70 intra-day gap also 1053.50 peak (major area) / 1059.20 peak and 1060.50 major long-term weekly channel (very major area) / 1061.80 major long-term day channel and 1062 major weekly channel also 1062.20 minor weekly channel (very major area) / 1063.30 weekly top and 1064.40 GBX weekly top also 1065.10 monthly upper channel (major area) / 1066.60 major monthly upper channel (very major area) / 1069.30 major weekly upper channel and 1069.90 minor monthly upper channel also 1070.50 weekly upper channel and 1071 monthly top (very major area) / 1073.60 weekly upper channel (major) / 1077.20 monthly closing price and 1079 day top (very major area).
 
Support:  For the Dec. contract -
1040.80 intra-day channel and 1040.80 major double base also 1040 - 1039.50 rev. peak (major area) / 1036.70 and 1036.50 double base also 1035.20 minor day channel (major area) / 1033.20 day bottom to 1032.80 day gap also 1031.20 day bottom and 1031 day channel also 1031 GBX bottom to 1030.70 day gap (major area) / 1029.90 major day channel and 1028.30 weekly channel also 1027.50 weekly channel and 1027.10 major monthly channel (very major area) / 1022.60 monthly channel (major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom and 1016.30 weekly channel (very major area) / 1013.80 weekly channel and 1011.50 day bottom (major area) / 1007 day channel (major area) / 997.30 monthly bottom and 995.70 minor weekly channels also 994.10 major monthly gap (very major area).
 
Comments:  
    Surprisingly the market never gave traders an opportunity to buy the 1029.90 - 1027.10 major support area on Wednesday but still proved the significance of the area and stimulated rallies up into the first major resistance area.  A trade today above the 1046.30 - 1048.90 day gap can challenge the 1051.70 - 1053.50 peak area.  A trade above 1053.50 will challenge the 1059.30 - 1060.50 and possibly near the 1062.20 weekly channel.  A trade today below the 1035.20 - 1033 area can challenge the 1030.70 gap and 1027.10 support but only a trade below 1027.10 can prove a possible change in the trend to the downside.  Remain defensive inside the first neutral trading area between 1046.30 and 1035.20.  Also, a breakout to either side of the weekly trading area between 1062.20 and 1027.10.
                                                                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1035.80 - 1035.20 and if possible near 1033 area for obj. near 1037.80 - 1039.30 area.  (Use a sell stop and rev. short at 1031.70).
 
Aggressive traders can sell rallies near 1046 - 1048.90 area for obj. near 1043.50 - 1042 area.  (Use a buy stop and rev. long at 1052).
 
Aggressive traders can buy dips near 1028.50 - 1027.10 area for obj. near 1033 - 1035 area and possibly near 1032.  (Use a sell stop and rev. short at 1024).
 
Aggressive traders can attempt short positions near 1059 - 1062 area and if possible near 1064 for obj. near 1057 - 1055 area.  (Use a buy stop and rev. long at 1067).
 
Sell stop at 1031.70 for obj. near 1030.70 - 1029.30 and possibly near 1027.10 channel support.
Sell stop at 1024 for obj. near 1022.60 - 1021 area and possibly near 1020 - 1018 area.
 
Buy stop at 1052 for obj. near 1053.50 - 1055 area.
Buy stop at 1067 for obj. near 1069 - 1070.50 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 11/20/03 (9:39 am est)

 
Long positions were taken on the opening at 1033.  Since the low was 1032, the sell stop was never hit at 1031.70 keeping the long positions intact.  The rally up to 1037.50 is near enough to the 1037.80, which meets the obj. and completes the trade.

Bulletin - Originally sent 11/20/03 (2:25 pm est)

 
The rally up to 1046 put traders into short positions.  The sell-off down to 1043.50 - 1042 area meets the obj. and completes the trade.

Results:    11/20/03

Bought @ 1033 Sold @ 1037.50   = + $1,125.00       
Bought @ 1033 Sold @ 1038 = + $1,250.00     repeat trade
Sold @ 1046 Bought @ 1043 = + $   750.00
Sold @ 1031.70 Bought @ 1032 = -  $     75.00
TOTAL (P & L)    + $3,050.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 11-21-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1036.20 peak (major) / 1037.50 peak and 1038 intra-day channel (major area) / 1041.90 day channel also 1042.70 and 1043 peaks (very major area) / 1045.20 minor day channel and 1046.20 day top (very major area) / 1048.30 day top to 1048.90 weekly closing gap (major area) / 1051.70 peak and 1052.70 intra-day gap also 1053.50 peak (major area) / 1059.20 peak and 1060.50 major long-term weekly channel (very major area) / 1061.40 major long-term day channel and 1062 major weekly channel also 1062.20 minor weekly channel (very major area) / 1063.30 weekly top and 1064.40 GBX weekly top also 1065.10 monthly upper channel (major area) / 1066.60 major monthly upper channel (very major area) / 1069.30 major weekly upper channel and 1069.90 minor monthly upper channel also 1070.50 weekly upper channel and 1071 monthly top (very major area) / 1073.60 weekly upper channel (major) / 1077.20 monthly closing price and 1079 day top (very major area).
 
Support:  For the Dec. contract -
1031.50 day bottom and 1031 GBX bottom also 1030.70 day gap (major area) / 1029.80 GBX bottom and 1028.30 weekly channel also 1027.50 weekly channel and 1027.10 major monthly channel (very major area) / 1022.60 monthly channel and 1019.80 day channel (major area) / 1016.70 and 1016.50 monthly channels also 1016.50 weekly bottom and 1016.30 weekly channel (very major area) / 1013.80 weekly channel and 1011.50 day bottom (major area) / 1007.80 day channel (major area) / 997.30 monthly bottom and 995.70 minor weekly channel also 994.10 major monthly gap (very major area).
 
Comments:  
    The whiplashing on Thursday proved the neutral condition leaving the chart defensive near the major support area.  A trade below the 1028.30 - 1027.10 major support will put the chart in bearish condition for a possible change of trend to the downside.  A trade below 1016.70 - 1016.50 major support will confirm the downtrend intact for lower prices to follow.  A trade today above 1038 is slightly bullish but a trade above 1041.90 and 1045.20 channel can possibly bring prices up to challenge the major resistance of 1060.50 - 1062.  Remain defensive inside the first neutral area between 1038 and 1028.30 and the wider neutral range between 1041.90 and 1027.10.
                                                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1036 - 1038 area or buy dips near 1031 - 1028.50 and if possible near 1027.50 - 1027.10 area, whichever side comes first to complete the trade.  (Use a protective buy stop at 1038.90.  Do not rev. long).  (Use a sell stop and rev. short at 1024).
 
Aggressive traders can sell rallies near 1041.90 - 1045.30 area for obj. near 1038.50 - 1036.50 area.  (Use a buy stop and rev. long at 1047.40).
 
Buy stop at 1047.40 for obj. near 1048.90 - 1051.70 area.
Buy stop at 1054 for obj. near 1057 - 1059 area and possibly near 1060.50.
 
Sell stop at 1024 for obj. near 1022.60 - 1019.80.
 

* 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 11/21/03 (10:09 am est)

 
Short positions were taken on the opening at 1036.50.  The market is showing signs of support at the 1033.70 area, where traders should consider exiting the short position and take profits near 1034, which completes the trade.

Bulletin - Originally sent 11/21/03 (11:34 am est)

 
The sell-off down to 1031 put traders into long positions.  The rally up to 1035.20 is near enough to the 1036 obj. and completes the trade.

Results:    11/21/03

Sold @ 1036.50 Bought @ 1034   = + $   625.00       
Bought @ 1031 Sold @ 1035.20 = + $1,050.00
TOTAL (P & L)    + $1,675.00

The week in review - 11/24/03 - 11/28/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 11-24-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1037 day top and 1037.10 rev. channel also 1037.70 day channel (major area) / 1040.30 intra-day channel (major area) / 1042.70 and 1043 peaks also 1044.10 minor day channel (very major area) / 1046.20 and 1048.30 day tops also 1048.90 weekly closing gap (major area) / 1051.70 and 1053.50 peaks (major area) / 1057.60 major long-term weekly channel (very major area) / 1059.20 peak and 1060.70 major weekly channel also 1061.10 minor weekly channel and major long-term channel (very major area) / 1063.30 weekly top and 1064.40 GBX top also 1065.10 monthly upper channel (major area) / 1066.60 major monthly upper channel (very major area) / 1069.90 minor monthly upper channel and 1071 monthly top also 1071.70 major weekly upper channel (very major area) / 1073.60 weekly upper channel (major) / 1077.20 weekly upper channel and 1077.20 monthly closing price and 1079 day top (very major area).
 
Support:  For the Dec. contract -
1034.50 intra-day channel and 1033.90 newly developed minor weekly channel also 1033.10 weekly channel and 1033 base (very major area) / 1031.70 and 1031.10 day channels also 1031.10 weekly channel and 1030.40 weekly bottom (very major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1022.70 minor down channel (major area) / 1020.30 weekly channel and 1017.50 major weekly channel also 1016.70 and 1016.50 monthly channels (very major area) / 1011.50 Bottom (major) / 1008 day channel and 1006.60 minor monthly channel (very major area) / 997.30 weekly bottom to 994.10 monthly gap (very major area).
 
Comments:  
    The market closed up for the day on Friday but down for the second weekly in a row, leaving the chart in neutral condition between the 1044.10 resistance and 1027.10 support.  A trade above 1037.70 can bring prices up to challenge the 1044.10 - 1046.20 area.  A trade above 1044.10 - 1046.20 area and 1048.90 can bring prices up to challenge the top area again.  A trade below 1030.10 - 1027.10 area can challenge the 1020.30 - 1017.50 major support and prove the down trend intact.  A trade below 1017.50 - 1016.50 area will confirm the downtrend intact for lower prices to follow.  Remain defensive inside the first neutral area between 1037.50 - 1031.10 area and second between 1044.10 - 1027.10 area.
                                                                                                                                                                                                                                                                                                                          
Day trades:  For The Dec. contract -
 
If the market opens below 1037.70, aggressive traders can sell near 1037.10 - 1037.70 area for obj. near 1033.90 - 1031 area.  (Use a protective buy stop at 1039).  Cancel if opening is higher.
 
If the market opens above 1037.70, aggressive traders can sell rallies near 1041 - 1044 area for obj. near 1038.50 - 1037.50 and possibly near 1034.50.  (Use a buy stop and rev. long at 1047.20).
 
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 1047.20 for obj. near 1049 - 1051 area.
Buy stop at 1054.50 for obj. near 1057 - 1059 area and possibly near 1060.50.
Buy stop at 1067.50 for obj. near 1069.30 - 1071 area.
 
Sell stop at 1024 for obj. near 1022 - 1020.30 area and possibly near 1017.50 - 1016.50 area.
Sell stop at 1013.50 for obj. near 1011.50 and possibly near 1008.
 

* 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 11/24/03 (11:07 am est)

 
The buy stop was hit at 1047.20 putting traders into long positions.  The rally up to 1049 meets the obj. and completes the trade.

Results:    11/24/03

Sold @ 1041 Bought @ 1047.20   = -  $1,550.00       
Bought @ 1047.20 Sold @ 1049 = + $   450.00
TOTAL (P & L)    -  $1,100.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 11-25-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1049.40 newly developed day channel (major) / 1050.20 rev. channel and 1051 intra-day channel and 1051.40 day top also 1051.70 peak (major area) / 1053.50 peak (major) / 1059.20 peak and 1060.70 major long-term day channel also 1060.70 major weekly channel (very major area) / 1063.30 weekly top and 1064.40 weekly GBX top (major area) / 1065.10 monthly upper channel and 1066.60 major monthly upper channel (very major area) / 1069.90 minor monthly upper channel and 1071 monthly top also 1071.70 major weekly upper channel (very major area) / 1073.60 weekly upper channel (major) / 1077.20 weekly upper channel and 1077.20 monthly closing price also 1079 day top (very major area).
 
Support:  For the Dec. contract -
1047.80 and 1047.50 base (major) / 1046.20 base and 1044.60 base (major area) / 1043.40 intra-day channel and 1041.60 base (major area) / 1040.30 day bottom and 1037 rev. peak also 1036.30 weekly closing gap (major area) / 1033.10 major long-term day channel and 1031.80 day channel (very major area) / 1030.40 weekly bottom and 1029.80 GBX bottom (major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1022.70 minor down channel (major area) / 1021 day channel and 1020.30 weekly channel (very major area) / 1017.50 major weekly channel also 1016.70 and 1016.50 monthly channels (very major area) / 1011.50 bottom (major) / 1009 day channel and 1006.60 minor monthly channel (very major area) / 997.30 weekly bottom to 994.10 monthly gap (very major area).
 
Comments:  
    The rally seen from the major support area was expected because of the significance of the 1027.10 monthly channel.  The chart is now in neutral to slightly bullish condition but still faces the major resistance near the top area.  A trade above 1059.20 - 1060.70 will challenge the 1063.30 - 1064.40 top area but only a trade above 1066.60 and 1069.90 can confirm the uptrend intact for higher prices.  A trade below 1043.40 - 1041.60 area is slightly bearish but only a trade below 1033.10 and 1027.10 can bring any solid bearishness back to the chart.  Remain defensive inside the first neutral area between 1051 and 1043.40 and also inside the weekly trading range between 1060.50 - 1027.10.
                                                                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1046 - 1043.40 area or sell rallies near 1051 - 1053.50 area, whichever side comes first to complete the trade.  (Use a sell stop and rev. short at 1041.40).  (Use a buy stop and rev. long at 1054.50).
 
Aggressive traders can buy dips near 1033.10 - 1031.80 area for obj. near 1038 - 1040 area.  (Use a sell stop and rev. short at 1024).
 
Aggressive traders can sell rallies near 1059.20 - 1060.70 area for obj. near 1056 - 1054 area.  (Use a buy stop and rev. long at 1061.70).
 
Sell stop at 1041.40 for obj. near 1040 - 1036.30 gap area.
Sell stop at 1024.70 for obj. near 1022.70 - 1021 area.
Sell stop at 1015.40 for obj. near 1012 - 1011.50 area and possibly near 1009.
 
Buy stop at 1054.50 for obj. near 1058 - 1059.20 area and possibly near 1060.70.
Buy stop at 1061.70 for obj. near 1063.30 - 1064.50 area and possibly near 1066.60 area.
Buy stop at 1074 for obj. near 1077 - 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 11/25/03 (9:55 am est)

 
Short positions were taken on the opening at 1051.  The sell-off down to 1048.20 missed the obj. at 1046.  The rally from the 1048.20 is showing signs of support.  Traders should now exit the short position at 1051 and scratch the trade. 

Bulletin - Originally sent 11/25/03 (11:33 am est)

 
The buy stop at 1054.50 was hit, putting traders into long positions.  Please NOTE that this buy stop was accidentally eliminated from the list of buy stops at the bottom of today's report.  It was only found as a stop and rev. long listed in the first trade.  It is now being entered and will be sent as a refresh of today's report.
 
The buy stop was it at 1054.40, putting traders into long positions.  The obj. for the long position to exit near 1058 - 1059.20 and possibly near 1060.70. 

Bulletin - Originally sent 11/25/03 (3:44 pm est)

 
Long positions were taken on the buy stop at 1054.50.  The rally up to 1057.70 is near enough to the 1058 obj. and completes the trade.

Results:    11/25/03

Sold @ 1051 Bought @ 1051   =    $      -0-       
Bought @ 1054.50 Sold @ 1057.50 = + $   750.00
Sold @ 1057.50 Bought @ 1054.50 = + $   750.00
TOTAL (P & L)    + $1,500.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 11-26-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1055.80 peak (major) / 1056.90 day channel and 1057.50 peak also 1057.70 top (major area) / 1059.20 peak and 1060.60 major long-term day channel also 1060.70 major weekly channel (very major area) / 1063.30 weekly top and 1064.40 weekly GBX top (major area) / 1065.10 monthly upper channel and 1066.60 major monthly upper channel (very major area) / 1069.90 minor monthly upper channel and 1071 monthly top also 1071.70 major weekly upper channel (very major area) / 1073.60 weekly upper channel (major) / 1077.20 weekly upper channel and 1077.20 monthly closing price also 1079 day top (very major area).
 
Support:  For the Dec. contract -
1052.70 intra-day channel and base also 1051.60 and 1051.20 base (major area) / 1048.70 base and 1048.20 day bottom also 1046.20 base and 1045.10 day channel with GBX prices (very major area) / 1040.30 day bottom (major) / 1036.30 weekly closing gap and 1035.30 GBX bottom also 1034 major long-term day channel (very major area) / 1032.50 day channel and 1030.40 weekly bottom also 1029.80 GBX bottom (major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1022 day channel and 1020.30 weekly channel (very major area) / 1017.50 major weekly channel also 1016.70 and 1016.50 monthly channels (very major area) / 1011.50 bottom and 1009.80 day channel (major area) / 1006.60 minor monthly channel (very major area).
 
Comments:  
    The rally on Tuesday brought prices up near the major channel resistance and top area, which can possibly stimulate selling pressure for retracement to the downside.  A trade above 1060.70 is bullish and a trade above 1066.60 - 1069.90 area will be considered a breakout for higher prices.  A trade below 1045.10 is slightly bearish but only a trade below 1032.50 and 1027.10 can bring any solid bearishness back to the chart.  Remain defensive inside the 1060.70 - 1045.10 neutral area.
                                                                                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1058 - 1060.70 area for obj. near 1053.50 - 1052.50 area.  (Use a buy stop and rev. long at 1061.70).
 
Buy stop at 1061.70 for obj. near 1063.30 - 1064.50 area.
 
Aggressive traders can buy dips near 1047 - 1045.10 area for obj. near 1050 - 1052 area.  (Use a sell stop and rev. short at 1042).
 
Sell stop at 1042 for obj. near 1040 - 1036.30 gap area.
 

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

Bulletin - Originally sent 11/26/03 (9:46 am est)

 
Long positions were taken on the opening at 1057.30, which is near enough to the 1058 sell area.  The obj. still remains at 1053.50 - 1052.50 area.  (Continue to use a buy stop and rev. long at 1061.70).

Bulletin - Originally sent 11/26/03 (9:56 am est)

 
The long positions at 1057.50 taken this morning is near the obj.  The sell-off down to 1054.30 can possibly hold as support. 
 
It is recommended for traders to exit the short position and take profits near 1055.30.

Bulletin - Originally sent 11/26/03 (11:37 am est)

 
The sell-off down to 1047.20 is near enough to the 1047 buy area putting traders into long positions.
 
The obj. remains at 1050 - 1052.  Continue to use a sell stop and rev short at 1042.

Bulletin - Originally sent 11/26/03 (11:42 am est)

 
Long positions were taken at 1047.50.  The rally up to 1050.50 meets the obj. and completes the trade.
 
CORRECTION - Bulletin - Originally sent 11/26/03 (9:46 am est)
 
Short positions were taken on the opening at 1057.30, which is near enough to the 1058 sell area.  The obj. still remains at 1053.50 - 1052.50 area.  (Continue to use a buy stop and rev. long at 1061.70).
 
CORRECTION - Bulletin - Originally sent 11/26/03 (9:56 am est)
 
The short positions at 1057.50 taken this morning is near the obj.  The sell-off down to 1054.30 can possibly hold as support. 
 
It is recommended for traders to exit the short position and take profits near 1055.30.

Results:    11/26/03

Sold @ 1057.30 Bought @ 1055   = + $   575.00       
Bought @ 1047.50 Sold @ 1050.50 = + $   750.00
TOTAL (P & L)    + $1,325.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 11-28-03 :  NOTE:  After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value.  Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area.  The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.
Special instructions for using stops - All stops listed are for the day session only.  Where stops ARE NOT mentioned, they should be placed below the second support area listed or above the second resistance area listed, or 22 points from the (trade entry point), whichever is the lesser amount.  NOTE:  The first support area becomes the resistance after the market trades through the second support area listed.  The first resistance area becomes the support after the market trades through the second resistance area listed.
Resistance:  For the Dec. contract -
1059.20 peak and 1059.50 major long-term day channel also 1060.70 major weekly channel (very major area) / 1063.30 weekly top and 1064.40 weekly GBX top (major area) / 1065.10 monthly upper channel and 1066.60 major monthly upper channel also 1067.50 monthly closing price (very major area) / 1069.90 minor monthly upper channel and 1071 monthly top also 1071.70 major weekly upper channel (very major area) / 1073.60 weekly upper channel (major) / 1077.20 weekly upper channel and 1077.20 monthly closing price also 1079 day top (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 day session closing price and monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1055.30 base and 1054.90 day channel with GBX prices also 1054.10 minor day channel and 1053.80 base (major area) / 1051.30 base (major) / 1047.20 day bottom and 1046.30 base (very major area) / 1040.30 day bottom (major) / 1037.20 major long-term day channel and 1036.30 weekly closing gap also 1035.90 major day channel and 1035.30 GBX bottom (very major area) / 1033.90 day channel (major area) / 1031.80 base and 1030.40 day bottom also 1029.80 GBX bottom (major area) / 1027.30 weekly bottom and 1027.10 major monthly channel (very major area) / 1024 day channel (major) / 1021.30 day channel day channel also 1020.30 weekly channel (very major area) / 1017.50 major weekly channel also 1016.70 and 1016.50 monthly channels (very major area) / 1011.80 day channel and 1011.50 day bottom (major area) / 1006.60 minor monthly channel (very major area) / 997.30 weekly bottom and 994.10 monthly closing gap (very major area).
 
Comments:  
    The market closed up for the 4th day in a row on Wednesday, which is bullish, but it still faces the major channel resistance at 1060.70 and the major top at 1063.30 - 1064.40 area that can still hold back rallies.  A trade above the 1066.60 - 1069.90 resistance area will confirm the uptrend intact for higher prices to follow.  A trade today below 1054.90 - 1054.10 area is slightly bearish but only a trade below 1037.20 - 1033.90 area can bring any solid bearishness back to the chart.  A trade below 1027.10 will confirm a downtrend in play for lower prices.  Remain defensive inside the first narrow trading range between 1060.70 and 1054.10.
                                                                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1055 - 1054.10 area or sell rallies near 1059 - 1060.70 area, whichever side comes first, to complete the trade.  (Use a sell stop and rev. short at 1052).  (Use a buy stop and rev. long at 1062).
 
Aggressive traders can attempt short positions near 1066.60 - 1067.50 area and if possible near 1069 for obj. near 1063 - 1060 area.  (Use a buy stop and rev. long at 1074).
 
Buy stop at 1062 for obj. near 1064 - 1066 area.
Buy stop at 1074 for obj. near 1077 - 1079 area.
 
Sell stop at 1052 for obj. near 1048 - 1046.30 area.
Sell stop at 1044.50 for obj. near 1041 - 1040.30 area and possibly near 1037.20.
 

* 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 11/28/03 (9:36 am est)

 
The sell off down to 1056 showed an intra-day double bottom, where long positions were taken which was near enough to the 1055 buy area.  The obj. still remains at 1059 - 1060.70 area, which will be considered a sell area for short positions to be taken.  (Continue to use a sell stop and rev. short at 1052, and continue to use a buy stop and rev. long at 1062).

Bulletin - Originally sent 11/28/03 (10:29 am est)

 
Long positions were taken at 1056.  The rally up to 1058.30 is near enough to the 1059 obj. for traders to consider taking profits and complete the trade.

Bulletin - Originally sent 11/28/03 (11:08 am est)

 
The rally up to 1059 - 1060 put traders into short positions.  (Continue to use a buy stop and rev. long at 1062).  The obj. can be 1057 - 1056 area to complete this trade.

Bulletin - Originally sent 11/28/03 (12:49 pm est)

 
Short positions were taken at 1059.50.  The sell-off down to 1057.50 is near enough to the 1057 obj. for traders to consider taking profits and complete the trade.

Results:    11/28/03

Bought @ 1056 Sold @ 1058   = + $   500.00       
Sold @ 1059.50 Bought @ 1057.50 = + $   500.00
TOTAL (P & L)    + $1,000.00

The week in review - 12/01/03 - 12/05/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 12-01-03 :  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 -
1058.90 intra-day channel and 1059.20 peak also 1059.30 major weekly channel and 1060 minor weekly channel and 1060.10 weekly top (very major area) / 1062 and 1064 newly developed monthly channels also 1063.30 weekly top and 1064.40 GBX weekly top (very major area) / 1066.60 monthly rev. channel and 1067.50 monthly closing price (major area) / 1071 monthly top and 1071.40 minor monthly upper channel (very major area) / 1073.60 and 1074.90 monthly upper channels also 1074.10 weekly major upper channel (very major area) / 1076.80 monthly and weekly major upper channels also 1077.20 monthly closing price (major area) / 1079 day top and 1080.90 weekly upper channel (major area) / 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1057.30 base and 1057 monthly channel also 1056 day bottom and 1055.30 base (major area) / 1054.10 and 1053.80 base also 1053 major long-term monthly channel (very major area) / 1051.30 base and 1050.20 weekly channel also 1047.90 monthly channel and 1047.20 day bottom and 1046.20 base (very major area) / 1043.70 monthly channel (major) / 1041.90 major long-term weekly channel and 1041.20 weekly channel also 1040.30 weekly bottom and 1040.20 weekly channel (very major area) / 1038.70 weekly channel and 1038.50 major long-term day channel also 1037.10 major day channel and 1036.10 major monthly channel also 1036.30 weekly gap and 1035.30 GBX weekly bottom (very major area) / 1030.40 weekly bottom and 1029.90 monthly channel (very major area) / 1027.30 weekly bottom and 1025.10 major monthly channel also 1024.30 weekly channel (very major area) / 1021.20 weekly channel and 1016.50 weekly bottom (very major area) / 1012 day channel and 1011.50 day bottom (major area) / 997.90 minor weekly channel and 997.30 weekly bottom (major area) / 994.20 GBX bottom and 994.10 monthly gap also 988 weekly bottom (very major area).
 
Comments:  
    Friday's session remained inside the narrow neutral range leaving the chart neutral inside the first trading range between 1064 - 1053 area.  The chart continues to face the major resistance and top at 1060 to 1064.40 area.  Because of the significance of the support areas, retracement down to the 1050.20 and 1038.70 support areas can still be considered a buy.  Only a trade below 1025.10 - 1021.20 area can bring any solid bearishness back to the chart.  Remain defensive between 1064 - 1053 area.  Retracements down can develop due to the major top resistance but major supports can still stimulate rallies for a back and forth whiplashing week.
                                                                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1060 - 1064 area or buy dips near 1057.50 - 1053 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 1067.50.  (Use a sell stop and rev. short at 1052.50).  NOTE:  This trade can be repeated by taking each side once.
 
Buy stop at 1067.50 for obj. near 1070 - 1071.40 area.
Buy stop at 1072 for obj. near 1074 - 1076 area.
 
Sell stop at 1052.50 for obj. near 1050.50 - 1047.20 area.
Sell stop at 1045.70 for obj. near 1043.50 - 1041.90 area and possibly near 1040.30 bottom.
 

* 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 12/01/03 (12:21 pm est)  

The buy stop was hit at 1067.50 putting traders into long positions.  At this time the 1068.40 area is showing signs of resistance.  

It is recommended for traders to exit the long positions at the market, which is trading at 1068.30 at this time, and take profits.

Results:    12/01/03

Sold @ 1062.50 Bought @ 1067.50 = -  $1,250.00             
Bought @ 1067.50 Sold @ 1068.30  = + $   200.00        
TOTAL (P & L)    -  $1,050.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 12-02-03 :  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 -
1071 monthly top and 1071.40 minor weekly upper channel (major area) / 1073 major daily upper channel and 1073.60 monthly upper channel (very major area) / 1074.10 weekly major upper channel and 1074.90 monthly upper channel (very major area) / 1076.80 monthly and weekly major upper channels also 1077.20 monthly closing price (major area) / 1079 day top and 1080.90 weekly upper channel (major area) / 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1066.20 day channel and 1065 base also 1064.50 intra-day channel (very major area) / 1061.50 day bottom and 1060 day channel with GBX prices also 1060.10 rev. peak (very major area) / 1058 minor day channel and 1057.80 weekly closing gap also 1055.80 GBX bottom (major area) / 1053.80 GBX bottom (major) / 1049.40 day session closing price and 1047.20 day bottom (major area) / 1043.70 monthly channel (major) / 1041.90 major long-term weekly channel and 1041.20 weekly channel also 1040.30 weekly bottom and 1040.20 weekly channel also 1039.50 major long-term day channel (very major area) / 1036.30 weekly closing gap and 1035.30 GBX bottom also 1035 day channel (major area) / 1030.40 weekly bottom and 1029.90 monthly channel (very major area) / 1027.30 weekly bottom and 1025.10 major monthly channel also 1024.30 weekly channel (very major area) / 1023 day channel and 1021.32 weekly channel (major area) / 1016.50 weekly bottom (very major area).
 
Comments:  
    The rally on Monday broke above the double top area but now faces the major upper channels.  A trade above 1073 - 1076.80 area will confirm the uptrend intact for higher prices to follow.  A trade today below 1066.20 is slightly bearish but only a trade below 1058 - 1055.30 can bring any bearishness back to the chart.  Remain defensive inside the 1073 - 1066.20 first trading range.
                                                                                                                                                                                                                                                                                                                                          
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1068 - 1066.20 area for obj. near 1070 - 1073 area.  (Use a protective sell stop at 1061.  Do not rev. short)
 
Aggressive traders can sell rallies near 1071 - 1073 area for obj. near 1069 - 1068 area.  (Use a buy stop and rev. long at 1074.30).
 
Buy stop at 1074.30 for obj. near 1076.50 - 1076.80 area and possibly near 1077.20.
 
Sell stop at 1053 for obj. near 1049.50 - 1047.20 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 12/02/03 (11:23 am est)  

Long positions were taken on the opening at 1067.50.  The rally up to 1069.30 is near enough to the 1070 obj. and completes the trade.

Bulletin - Originally sent 12/02/03 (2:06 pm est)   

The rally up to 1071 put traders into short positions.  The sell-off down to 1068.50 meets the obj. and completes the trade. 

Results:    12/02/03

Bought @ 1067.50 Sold @ 1069 = + $   375.00             
Sold @ 1071 Bought @ 1068.50  = + $   625.00        
TOTAL (P & L)    + $1,000.00
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Wednesday 12-03-03 :  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 -
1067.50 double peak and 1068.80 peak (major) / 1070.60 day channel also 1071 monthly top and daily top also 1071.40 minor weekly upper channel and 1073.50 major daily upper channel also 1073.60 monthly upper channel (very major area) / 1074.10 major weekly upper channel and 1074.90 monthly upper channel (major area) / 1076.80 major monthly and weekly upper channels also 1077.20 monthly closing price (major area) / 1079 day top and 1080.90 weekly upper channel (major area) / 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1065.40 base and 1064.50 day bottom also 1064.40 minor day channel (major area) / 1062 minor day channel with GBX prices and 1061.50 day bottom (very major area) / 1057.80 weekly closing gap and 1055.80 GBX bottom (major area) / 1053.80 GBX bottom (major) / 1049.40 day session closing price and 1047.20 day bottom (major area) / 1043.70 monthly channel (major area) / 1041.90 major long-term weekly channel and 1041.20 weekly channel also 1041 major long-term day channel and 1040.30 weekly bottom also 1040.20 weekly channel (very major area) / 1036.30 weekly closing gap and 1035.80 day channel also 1035.30 GBX weekly bottom (major area) / 1030.40 weekly bottom and 1029.90 monthly channel (very major area) / 1027.30 weekly bottom and 1025.10 major monthly channel also 1024.30 weekly channel (very major area) / 1021.30 weekly channel (major area) / 1016.50 weekly bottom (very major area)
 
Comments:  
    Tuesday's trading range remained inside the first trading area showing signs of resistance at the 1071 - 1073.50 area, but also showing good support at 1064.50.  A trade above 1073.50 - 1076.80 area can possibly prove the uptrend intact for higher prices.  A trade today below 1064.40 - 1061.50 area will be slightly bearish but only a trade below 1041.90 - 1040.20 area can bring any solid bearishness back to the chart.  Remain defensive inside the first trading area between 1073.50 - 1064.40 area.       
                                                                                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1070 - 1073 area or buy dips near 1066.50 - 1064.40 area, whichever side comes first to complete the trade.  (Use a buy stop and rev. long at 1074.30).  (Use a sell stop and rev. short at 1060).
 
Buy stop at 1074.30 for obj. near 1076.30 - 1077.20 area.
 
Sell stop at 1060 for obj. near 1058 - 1056 area.
Sell stop at 1053 for obj. near 1049.50 - 1047.20 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 12/03/03 (10:13 am est)  

Short positions were taken inside the 1070 - 1073 area.  The sell-off down to 1068 is showing signs of support.  Traders should consider taking profits at this time.  The market is trading at 1068.50.  This completes the first trade.

Bulletin - Originally sent 12/03/03 (11:22 am est)  

The sell-off down to 1066.60 put traders into long positions.  The rally up to 1070 meets the obj. and completes the trade.

Results:    12/03/03

Sold @ 1070 Bought @ 1068 = + $   500.00             
Bought @ 1066.60 Sold @ 1070 = + $   850.00        
TOTAL (P & L)    + $1,350.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Thursday 12-04-03 :  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 -
1066.30 and 1066.50 peaks (major area) / 1068.20 peak and 1068.50 intra-day channel (major area) / 1071.50 and 1072 peaks (major area) / 1074 day top and 1074.10 major weekly upper channel also 1074.90 monthly upper channel (major area) / 1076.80 major monthly and weekly upper channels also 1077.20 monthly closing price (major area) / 1079 day top and 1080.90 weekly upper channel (major area) / 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1064.40 minor day channel with GBX prices and 1064.30 day bottom (major area) / 1061.80 GBX channel and 1061.50 day bottom (very major area) / 1057.80 weekly closing gap and 1055.80 GBX bottom (major area) / 1053.80 GBX bottom (major) / 1049.40 day session closing price and 1047.20 day bottom (major area) / 1043.70 monthly channel and 1042.20 major long-term day channel (very major area) / 1041.90 major long-term weekly channel and 1041.20 weekly channel also 1040.30 weekly bottom and 1040.20 weekly channel (very major area) / 1036.70 day channel and 1036.30 weekly closing gap also 1035.30 GBX weekly bottom (very major area) / 1030.40 weekly bottom and 1029.90 monthly channel (very major area) / 1027.30 weekly bottom (major) / 1025.10 major monthly channel and 1024.30 weekly channel (very major area) / 1021.30 weekly channel (major area) / 1016.50 weekly bottom (very major area).
 
Comments:     
    The sell-off on Wednesday from the major resistance proved the significance of the area and managed to close down below the last two days closing price after making new highs.  This is considered a minor key reversal and can be considered slightly bearish but technically still holds support.  A trade below the 1064.40 - 1061.50 area is bearish and can challenge the 1057.80 weekly gap.  A trade below 1055.80 - 1053.80 area can challenge the 1047.20 bottom and possibly near the 1043.70 - 1041.90 major support area.  At this time only a trade below 1040.30 and 1036.30 can bring any solid bearishness back to the chart.  Remain defensive today inside the 1068.50 - 1061.80 narrow neutral trading area until a solid direction can be established.
                                                                                                                                                                                                                                                                                                                                              
Day trades:  For The Dec. contract -
 
Aggressive traders can sell rallies near 1067 - 1068.50 area and if possible near 1071 for obj. near 1065 - 1064.40 area and possibly near 1061.80.  (Use a buy stop and rev. long at 1077.80).  (Conservative traders can use a protective buy stop at 1073.30.  Do not rev. long).
 
Aggressive traders can buy dips near 1062 - 1061.50 area for obj. near 1064 - 1065 area.  (Use a sell stop and rev. short at 1059.70).
 
Buy stop at 1077.80 for obj. near 1079.80 - 1080.90 area.
Buy stop at 1082.30 for obj. near 1084.30 - 1084.80 area and possibly near 1087.
 
Sell stop at 1059.70 for obj. near 1057.80 gap and possibly near 1056 - 1055.80 GBX bottom area.
Sell stop at 1052.80 for obj. near 1049.40 - 1047.20 bottom 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 12/04/03 (9:50 am est)  

The rally up to 1066.70 was near enough to the 1067 sell area, putting traders into short positions.  The sell off down to 1065 meets the obj. and completes the trade. 

Bulletin - Originally sent 12/04/03 (1:41 pm est)   

Short positions were taken on the rally up to the high end of the sell area at 1068.50 - 1071.   The sell-off down to the 1065 meets the obj. and completes the trade. 

Results:    12/04/03

Sold @ 1066.70 Bought @ 1065 = + $   425.00
Sold @ 1070 Bought @ 1065 = + $1,250.00    
Bought @ 1062.80 Sold @ 1065   = + $   550.00     
TOTAL (P & L)    + $2,225.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Friday 12-05-03 :  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 -
1070.20 day top also 1071.50 and 1072 peaks (major area) / 1073.30 peak and 1074 day top also 1074.10 major weekly upper channel and 1074.90 monthly upper channel (major area) / 1076.80 major monthly and weekly upper channels also 1077.20 monthly closing price (major area) / 1079 day top and 1080.90 weekly upper channel (major area) / 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1066.40 and 1065.40 day channels (major area) / 1063.80 GBX channel and 1062.80 day bottom also 1061.50 day bottom (very major area) / 1057.80 weekly closing gap and 1055.80 GBX weekly bottom (major area) / 1053.80 GBX bottom (significant) / 1050.20 minor day channel and 1049.40 day session closing price also 1047.20 day bottom (major area) / 1043.90 major long-term day channel and 1043.70 monthly channel (very major area) / 1041.90 major long-term weekly channel and 1041.20 weekly channel also 1040.30 weekly bottom and 1040.20 weekly channel (very major area) / 1037.30 day channel and 1036.30 weekly closing gap also 1035.30 GBX weekly bottom (very major area) / 1030.40 weekly bottom and 1029.90 monthly channel (very major area) / 1027.30 weekly bottom (major) / 1025.10 major monthly channel and 1024.30 weekly channel (very major area) / 1021.30 weekly channel (major area) / 1016.50 weekly bottom (very major area).
 
Comments:     
    Thursday's trading session remained inside the neutral area but managed to close above the last three day session closing prices, removing the bearishness, leaving the chart neutral inside a narrow trading range between 1071.50 and 1063.80.  The whiplashing action this week leaves uncertainty in the direction but as long as the market holds above the support levels, having the trend still to the upside, then higher prices can materialize.  Also, a close on Friday above 1060 will keep the weekly chart in bullish condition for next week, below 1060 will be defensive for possible retracements to the down side.  At this time, only a trade below 1049 - 1047.20 area can bring any sign of bearishness back to the chart.  Remain defensive inside the 1071.50 - 1063.80 narrow neutral trading area until a solid direction can be established.
                                                                                                                                                                                                                                                                                                                                                  
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1065.50 - 1063.80 area or sell rallies near 1068.50 - 1071.50 area, whichever side comes first, to complete the trade.  (Use a sell stop and rev. short at 1061).  (Use a buy stop and rev. long at 1077.80).  (Conservative traders can use a buy stop at 1073.50. Do not rev. long).
 
Sell stop at 1061 for obj. near 1057.80 gap and possibly near 1055.80 area.
Sell stop at 1052.80 for obj. near 1050.80 - 1049.40 area and possibly near 1047.20 bottom area.
Sell stop at 1046 for obj. near 1044 - 1043.70 area and possibly near 1041.90 area.
Sell stop at 1039.90 for obj. near 1037.50 - 1036.30 gap area.
 
Buy stop at 1077.80 for obj. near 1079.80 - 1080.90 area.
Buy stop at 1082.30 for obj. near 1084.30 - 1084.80 area and possibly near 1087.
 

* 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 12/05/03 (10:28 am est)   

Long positions were taken on the opening at 1064.  The rally up to 1067.30 is near enough to the 1068.50 obj. and completes the trade.

Bulletin - Originally sent 12/05/03 (10:53 am est)    

Short positions were taken at 1067.30.  The sell-off down to 1065.30 is near enough to the 1065 obj. and completes the trade. 

Bulletin - Originally sent 12/05/03 (11:29 am est)    

The sell-off down to the low end of the buy area put traders long again at 1063.80.  The rally up to 1067 is near enough to the obj. and completes the trade.

Bulletin - Originally sent 12/05/03 (12:18 pm est)    

The rally up to 1068.50 put traders into short positions.  The sell-off down to 1064 meets the obj. and completes the trade.

Bulletin - Originally sent 12/05/03 (1:39 pm est)    

The sell stop at 1061 was hit, putting traders into short positions.  The market is still showing signs of support technically at this time.  It is recommended for traders to exit the short position at the market, which is trading at 1061.70 and scratch the trade. 

Traders can use a sell stop to enter short positions at 1059.70 for an obj. near 1057.80 gap and possibly near 1055.80.

Bulletin - Originally sent 12/05/03 (2:30 pm est)    

The sell stop at 1059.70 was hit, putting traders into short positions.  Since there is still a possibility for the market to close Friday's day session above the 1060 area, leaves this trade defensive at this time.  

It is recommended for traders to exit the short position at the market, which is trading at 1060 at this time, and cut losses.  NOTE:  We will not be using sell stops in this trading area.  The next sell stop remains at 1052.80.

Results:    12/05/03

Bought @ 1064 Sold @ 1067 = + $   750.00
Sold @ 1067.30 Bought @ 1065.30 = + $   500.00
Bought @ 1063.80 Sold @ 1067 = + $   800.00
Sold @ 1068.50 Bought @ 1064.40 = + $1,000.00
Sold @ 1061 Bought @ 1061.50 = -  $   125.00  
Sold @ 1059.70 Bought @ 1060   = -  $     75.00     
TOTAL (P & L)    + $2,850.00

The week in review - 12/08/03 - 12/12/03
The Tech Guru's S & P Day Trading Recommendations
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Monday 12-08-03 :  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 -
1062.50 peak and 1062.50 intra-day channel also 1063 peak (major area) / 1066 day channels and 1066.40 peak also 1066.70 day channel and 1067.20 intra-day channel (very major area) / 1068.70 day top and 1069.40 day gap also 1070.20 day top (major area) / 1071.30 newly developed major long-term weekly channel and 1072.80 newly developed major weekly channel also 1073.70 major long-term day channel (very major area) / 1074 weekly top and 1074.90 monthly upper channel also 1076.50 major weekly upper channel and 1076.80 major monthly upper channel also 1077.20 monthly closing price (very major area) / 1079.70 weekly upper channel (major) / 1084.60 weekly upper channel and 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1061.60 and 1061.20 minor day channels (major area) / 1059.50 day bottom and 1057.80 monthly and weekly closing gap also 1057 major long-term monthly channel without GBX prices (very major area) / 1055.30 GBX bottom and 1053.80 GBX bottom also 1053 major long-term monthly channel with GBX prices (very major area) / 1048.60 major long-term weekly channel and 1047.90 monthly channel without GBX prices also 1047.10 weekly channel (very major area) / 1045.10 weekly channel with GBX prices and 1043.80 monthly channel with GBX prices (very major area) / 1040.80 minor weekly channel and 1040.30 weekly bottom (major area) / 1036.30 weekly closing gap and 1036.10 monthly channel without GBX prices also 1035.30 GBX weekly bottom (very major area) / 1030.40 weekly bottom and 1029.90 monthly channel also 1028.40 weekly channel and 1027.30 weekly bottom (very major area) / 1024.90 major weekly channel (major area) / 1016.50 weekly bottom (very major area).
 
Comments:     
    The sell-off on Friday from the resistance was significant but also managed to close up for the week and held above the monthly support lines leaving the chart in totally neutral condition.  A trade above 1066.70 - 1069.40 area is bullish but only a trade above 1074 - 1076.80 area will be considered a breakout for higher prices to follow.  A trade below 1057 - 1053 area is bearish but only a trade below 1048.60 - 1043.80 area can bring any solid bearishness back to the chart.  Remain defensive inside the first neutral trading area between 1066.70 - 1057.
                                                                                                                                                                                                                                                                                                                                                      
Day trades:  For The Dec. contract -
 
Aggressive traders can buy dips near 1059.50 - 1057 area and if possible near 1053 for obj. near 1062 - 1063 area and possibly near 1066.  (Use a sell stop and rev. short at 1051.30).
 
Aggressive traders can sell rallies near 1066 - 1066.70 area for obj. near 1062 - 1060 area.  (Use a buy stop and rev. long at 1068).
 
Aggressive traders can buy dips near 1049 - 1047.10 area and if possible near 1045.10 - 1043.80 area for obj. near 1052 - 1053 area.  (Use a sell stop and rev. short at 1039.70).
 
Buy stop at 1068 for obj. near 1069.40 - 1071.30 area.
Buy stop at 1080.20 for obj. near 1083 - 1084.60 area.
 
Sell stop at 1051.30 for obj. near 1049.40 - 1048.60 area.
Sell stop at 1039.70 for obj. near 1037.70 - 1036.30 gap area.
 

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

Bulletin - Originally sent 12/08/03 (12:52 pm est)    

Long positions were taken at the double bottom at 1060.50, which is near enough to the 1059.50 buy area.  The rally up to 1062 meets the obj. and completes the trade.

Bulletin - Originally sent 12/08/03 (3:48 pm est)     

The buy stop was hit at 1068 putting traders into long positions.  The rally up to 1069.40 meets the obj. and completes the trade.

Results:    12/08/03

Bought @ 1060.50 Sold @ 1062.50 = + $   500.00
Bought @ 1060.50 Sold @ 1062 = + $   375.00
Sold @ 1066 Bought @ 1068 = -  $   500.00    
Bought @ 1068 Sold @ 1069.40   = + $   350.00     
TOTAL (P & L)    + $   725.00
 
A TECHNICAL GUIDE FOR DAY TRADING THE S & P
S & P - For Tuesday 12-09-03 :  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 -
1070.20 day top and 1071.30 major long-term weekly channel (very major area) / 1072.80 major weekly channel and 1073.30 major long-term day channel (very major area) / 1074 weekly top and 1074.90 monthly upper channel (major area) / 1076.50 major weekly upper channel and 1076.80 major monthly upper channel also 1077.20 monthly closing price (very major area) / 1079.70 weekly upper channel (major) / 1084.60 weekly upper channel and 1084.60 minor monthly upper channel (very major area) / 1089 weekly top for the Dec. contract (major) / 1094 monthly closing price for the Dec. contract also 1096 day top (very major area) / 1107.90 monthly top (very major area).
 
Support:  For the Dec. contract -
1068.20 and 1068 intra-day base (major area) / 1066.80 intra-day gap and 1066.70 base (major area) / 1064.70 and 1064 rev. peak (major area) / 1062.90 day channel and 1060.30 day channel with GBX prices also 1060.20 and 1059.50 day bottoms (very major area) / 1057.80 GBX bottom and day session's monthly gap also 1057 major long-term monthly channel without GBX prices (very major area) / 1055.30 GBX bottom (significant) / 1053 major long-term monthly channel with GBX prices (very major area) / 1048.60 major long-term weekly channel and 1047.90 monthly channel without GBX prices also 1047.10 weekly channel and 1046.60 long-term major day channel (very major area) / 1045.10 weekly channel with GBX prices and 1043.80 monthly channel with GBX prices and major day channel (very major area) / 1040.80 minor weekly channel and 1040.30 weekly bottom (major area) / 1038.70 day channel and 1036.30 weekly closing gap also 1036.10 monthly channel with GBX prices and 1035.30 GBX weekly bottom (very major area) / 1030.40 weekly bottom and 1029.90 monthly channel also 1028.40 weekly channel (very major area) / 1027.30 weekly bottom and 1026.70 major day channel (major area) / 1024.90 major weekly channel (major area) / 1016.50 weekly bottom (very major).
 
Comments:     
    The rally on Monday from the support area proves the neutral conditions again inside this