Archived S & P's

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 1-05-04 : 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 March contract -

1109 intra-day channel and 1109.70 peak (major area) / 1113.20, 1113.80 and 1114.10 peak area also 1115.60 new long-term major weekly channel (very major area) / 1117.40 major weekly channel and 1117.50 peak also 1118 day top and 1120.20 daily upper channel (very major area) / 1121.70 new long-term weekly upper channel also 1122 weekly top (major area) / 1126 March's weekly top and 1126.70 weekly chart's closing gap also 1127.50 monthly upper channel and 1128 GBX weekly top (very major area) / 1137 and 1139 day tops (major area) / 1143.50 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top also 1153.70 major monthly upper channel and the major 50% retracement area (very major area).

Support: For the March contract -

1107 intra-day channel and 1106.50 major day channel also 1105.50 GBX channel and 1105 minor day channel (very major area) / 1103.50 day bottom and 1103.40 weekly channel (major area) / 1098.70 minor day channel and 1097.30 weekly bottom (major area) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1090.20 day bottom and 1089.90 day bottom also 1088.40 minor weekly channel (major area) / 1085.40 weekly closing price and 1084.50 weekly bottom (major area) / 1082.40 major day channel and 1082.30 long-term major monthly channel also 1080.50 GBX weekly bottom (very major area) / 1078.40 minor weekly channel and 1076.70 weekly bottom (major area) / 1075.60 GBX weekly bottom and 1075.60 minor monthly channel also 1075.30 long-term weekly channel (very major area) / 1073.20 monthly channel and 1071.10 long-term major day channel (very major area) / 1068.50 monthly channel and 1066.70 weekly bottom also 1065.60 GBX weekly bottom (major area).

Comments:

The whiplashing action on Friday remained inside the neutral trading area but managed to close the week up for the sixth week in a row leaving the chart in neutral to bullish condition. NOTE: The resistance at this time still remains significant enough to stimulate retracement down near the 1098.70 support area and possibly near the 1082.30 major support. Only a trade below 1082.30 can bring any solid bearishness back to the chart. A trade above the 1115.60 and 1118 area is bullish. A trade above 1126.70 - 1128 area can bring prices up to challenge the 1139 - 1143.50 area and possibly near the 1153.70 major 50% retracement area, which is also the monthly channel resistance. Remain defensive inside the 1115.60 - 1105 trading area until a breakout to either side is established.

Day trades: For The March contract -

Aggressive traders can buy dips near 1107 - 1105.50 for obj. near 1109 - 1111 area and possibly near 1113. (Use a sell stop and rev. short at 1103).

Aggressive traders can sell rallies near 1113 - 1115.60 area and if possible near 1117 for obj. near 1110 - 1109 area and possibly 1107. (Use a buy stop and rev. long at 1118.70).

Buy stop at 1118.70 for obj. near 1120.20 - 1122 area.

Buy stop at 1123.50 for obj. near 1125.50 - 1127.50 area.

Sell stop at 1103 for obj. near 1100 - 1098.70 area.

Sell stop at 1095.70 for obj. near 1093.70 - 1092.50 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 01/05/04 (11:35 am est)

Short positions were taken on the opening at 1114 and again on the rally at 1117. The sell off down to 1112.90 is considered an intra-day double bottom to this mornings low.

It is recommended for traders to exit the short positions near 1113.50 - 1114 area. This will put both trades in a profit for the day.

Bulletin - Originally sent 01/05/04 (11:56 am est)

The short positions that were taken at 1114 and 1117 were completed with a buy at 1113.70.

Bulletin - Originally sent 01/05/04 (3:38 pm est)

The buy stop was hit at 1118.70 putting traders into long positions. The rally up to 1120 is near enough to the 1120.20 obj. and completes the trade.

Results: 01/05/04

Sold @ 1114 Bought @ 1113.70 = + $    75.00

Sold @ 1117 Bought @ 1113.70 = + $   825.00

Bought @ 1118.70 Sold @ 1120 = + $   325.00

TOTAL (P & L)    + $1,225.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 1-06-04 : 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.

Resistance: For the March contract -

1121.50 day top and 1121.70 long-term weekly upper channel also 1122 weekly top (major area) / 1126 March's weekly top and 1126.70 weekly chart's closing gap also 1127.50 monthly upper channel and 1128 GBX weekly top (very major area) / 1137.50 and 1139 day tops (major area) / 1143.50 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top also 1151 March's weekly top and 1153.70 major monthly upper channel and 1153.70 also the major 50% retracement area (very major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1118 intra-day channel and 1118 rev. peak (major area) / 1115.60 base and 1113.70 day channel with GBX prices (major area) / 1112 day bottom (major) / 1109.60 major day channel and 1108.90 weekly closing gap and minor day channel also 1108 GBX channel (very major area) / 1106.60 minor day channel (very major area) / 1103.50 day bottom and 1103.40 weekly channel also 1101.10 minor day channel (major area) / 1097.30 weekly bottom (major) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1090.20 day bottom and 1089.90 day bottom also 1088.40 minor weekly channel (major area) / 1085.40 weekly closing price and 1085.10 minor day channel also 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel also 1080.50 GBX bottom (very major area) / 1078.40 minor weekly channel and 1076.70 weekly bottom (major area) / 1075.60 GBX weekly bottom and 1075.60 minor weekly channel also 1075.30 long-term weekly channel (very major area) / 1073.20 monthly channel and 1072.40 long-term major day channel (very major area).

Comments:

The rally on Monday proved the bullishness in the chart but the market still faces the 1126 - 1128 resistance area. A trade above 1128 can bring prices up to challenge the 1143.50 and 1153.70 major areas. A trade today below 1109.60 - 1108.70 area is slightly bearish but only a trade below 1103.50 - 1101 can put any significant bearishness into the chart. NOTE: Only a trade below 1072.40 can possibly reverse the trend to the downside. Remain defensive inside the first trading area between 1121.70 and 1109.60 and also between the major trading range between 1126.70 and 1101.

Day trades: For The March contract -

Aggressive traders can buy dips near 1113.70 and if possible near 1109.60 for obj. near 1115 - 1117 area. (Use a sell stop and rev. short at 1111.70).

Aggressive traders can sell rallies near 1121.70 - 1122 area for obj. near 1115 - 1113.70 area. (Use a buy stop and rev. long at 1124.70).

Aggressive traders can sell rallies near 1126.70 - 1128 area for obj. near 1124 - 1122 area. (Use a buy stop and rev. long at 1131).

Aggressive traders can buy dips near 1103.50 - 1101 area for obj. near 1106 - 1107.50 area. (Use a sell stop and rev. short at 1099).

Sell stop at 1111.70 for obj. near 1110 - 1109.60

Sell stop at 1105 for obj. near 1103.50 - 1101 area.

Sell stop at 1099 for obj. near 1097 - 1094 area.

Buy stop at 1124.70 for obj. near 1126 - 1128 area.

Buy stop at 1131 for obj. near 1135 - 1137 area.

Bulletin - Originally sent 01/06/04 (11:49 am est)

The rally up to 1121 is near enough to the 1121.50 sell area, putting traders into short positions. The sell off down to 1118.50 is showing signs of technical support on the intra-day chart that could prevent the 1115 obj. from being met.

It is recommended to take profits and exit near 1119 where it is at this time.

Results: 01/06/04

Sold @ 1121	Bought @ 1119	= + $ 500.00
TOTAL (P & L)		+ $ 500.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 1-07-04 : 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.

Resistance: For the March contract -

1123.40 day top (major) / 1125.30 minor upper channel also 1126 March's weekly top and 1126.70 weekly charts closing gap also 1127.50 monthly upper channel and 1128 GBX weekly top (very major area) / 1137.50 and 1139 day tops (major area) / 1143.50 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top also 1151 March's weekly top and 1153.70 major monthly upper channel and 1153.70 also the major 50% retracement area (very major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1121.20 base and 1120.30 intra-day channel (major area) / 1119 base and 1118.80 day channel with GBX prices also 1118.20 and 1118 base (major area) / 1117 day bottom and 1115.80 GBX bottom also 1115.60 and 1115 base (major area) / 1112.60 major day channel and 1112 day bottom also 1111.40 minor day channel (very major area) / 1110.50 GBX channel and 1109.90 weekly channel also 1108.90 weekly closing gap and 1108.20 minor day channel (major area) / 1105.50 minor weekly channel with GBX prices and 1103.50 day bottom and 1103.40 weekly channel (major area) / 1097.30 weekly bottom (major) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1090.20 day bottom and 1089.90 day bottom also 1088.40 minor weekly channel (major area) / 1086.90 minor day channel and 1085.40 weekly closing price also 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel also 1080.50 GBX bottom (very major area) / 1078.80 minor weekly channel and 1076.70 weekly bottom (major area) / 1075.60 GBX weekly bottom and 1075.60 minor weekly channel also 1075.30 long-term weekly channel (very major area) / 1073.80 long-term major day channel and 1073.20 monthly channel also 1073.10 day channel (very major area).

Comments:

Tuesday's trading session remained inside the neutral area but closing slightly higher, which keeps the chart in neutral to bullish condition. A trade above 1026 - 1028 area can bring prices up to challenge the 1043.50 resistance and possibly near the 1053.70 resistance. A trade today below 1118.80 - 1118 area is slightly bearish but a trade below the 1112.60 and 1109.60 areas can bring prices down to challenge the 1103.50 - 1103.40 major support. NOTE: At this time only a trade below the 1075.60 - 1073.80 area can bring any solid bearishness back to the chart. Remain defensive inside the major trading area between the 1126 - 1128 resistance area and the 1103.50 - 1103.40 support area and also inside the first trading area between 1123.40 - 1118.80 area.

Day trades: For The March contract -

Aggressive traders can buy dips near 1119 - 1118.80 area for obj. near 1122.50 - 1123.40 area. (Use a sell stop and rev. short at 1114.70).

Aggressive traders can sell rallies near 1126 - 1128 area for obj. near 1123 - 1121 area. (Use a buy stop and rev. long at 1131.50).

Sell stop at 1114.70 for obj. near 1112.60 - 1111.40 area.

Sell stop at 1107 for obj. near 1105.50 - 1103.40 area.

Sell stop at 1099 for obj. near 1097.60 - 1093 area.

Buy stop at 1131.50 for obj. near 1135 - 1137 area.

Buy stop at 1140 for obj. near 1142 - 1143.50 area.

Buy stop at 1146.50 for obj. near 1149 - 1153.70 area.

Bulletin - Originally sent 01/07/04 (12:24 pm est)

Long positions were taken at 1118.50. The rally up to 1122.50 meets the obj. and completes the trade.

Results: 01/07/04

Bought @ 1118.50 Sold @ 1122.50 = + $1,000.00

Bought @ 1119 Sold @ 1123 = + $1,000.00

Sold @ 1126.50 Bought @ 1125.60 = + $ 225.00

TOTAL (P & L) + $2,225.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 1-08-04 : 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.

Resistance: For the March contract -

1126.50 day top and 1126.70 weekly charts closing gap also 1127.50 monthly upper channel and 1128 GBX weekly top (very major area) / 1132 daily upper channel (major) / 1137.50 and 1139 day tops (major area) / 1143.50 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top also 1151 March's weekly top and 1153.70 major monthly upper channel and 1153.70 also the major 50% retracement area (very major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1123.50 rev. peak and 1122.20 rev. peak (major area) / 1120.70 and 1120.10 intra-day channels also 1119.60 and 1118.80 bases also 1118.80 day channel (very major area) / 1115.60 major day channel and 1115 day bottom also 1114 minor day channel (very major area) / 1113 GBX channel and 1112 day bottom (major area) / 1109.90 weekly channel and 1109.70 minor day channel also 1108.90 weekly closing gap (major area) / 1105.50 minor weekly channel with GBX prices also 1103.50 day bottom and 1103.40 weekly channel (very major area) / 1097.30 weekly bottom (major) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1090.20 day bottom and 1089.90 day bottom also 1088.60 day channel and 1088.40 minor weekly channel (major area) / 1085.40 weekly closing price and 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel also 1080.50 GBX bottom (very major area) / 1075.60 GBX weekly bottom and 1075.10 long-term major day channel also 1075.30 long-term weekly channel (very major area).

Comments:

The follow through rally on Wednesday from the support area did materialize as expected bringing prices up to challenge the 1126.70 - 1128 resistance and now also the newly developed upper channel line at 1132. A trade above 1132 can bring prices up to challenge the 1137 - 1139 top areas and possibly near 1143.50. A trade above 1143.50 can bring prices up to challenge the 1153.70 major 50% retracement area. A trade today below 1115.60 - 1114 area is slightly bearish but only a trade below 1103.50 - 1103.40 area can bring any bearishness back to the chart. Remain defensive inside the first trading area between 1126.70 and 1118.80 and also the major trading area between 1132 and 1115.60.

Day trades: For The March contract -

Aggressive traders can sell rallies near 1132 area for obj. near 1129 - 1128 area. (Use a buy stop and rev. long at 1133.30).

Aggressive traders can buy dips near 1120 - 1118.60 area for obj. near 1126 - 1128 area. (Use a sell stop and rev. short at 1117.70).

Aggressive traders can buy dips near 1115.60 - 1112 area for obj. near 1118 - 1120 area. (Use a sell stop and rev. short at 1107).

Sell stop at 1117.70 for obj. near 1115.60 and possibly near 1114 - 1112 area.

Sell stop at 1107 for obj. near 1104 - 1103.40 area.

Sell stop at 1100 for obj. near 1097 - 1093 area.

Buy stop at 1133.30 for obj. near 1135.30 - 1137 area and possibly near 1139.

Buy stop at 1140 for obj. near 1142 - 1143.50 area.

Buy stop at 1146.50 for obj. near 1149 - 1153.70 area.

Bulletin - Originally sent 01/08/04 (9:31 am est)

The rally in the GBX session brought prices up to 1130.50 that can prove to be near enough to the 1132 resistance for some retracements to the downside.

Aggressive traders can attempt short positions near 1128 - 1130 area and if possible near 1132. The obj. is near 1120 - 1118.60 area. (Continue to use a buy stop and rev. long at 1133.30).

Bulletin - Originally sent 01/08/04 (10:29 am est)

Short positions were taken on the opening at 1128.70. The sell off down to 1123.80 is showing signs of support where profits should be considered.

Exit short positions at the market, which is trading at 1124 at this time.

Results: 01/08/04

Sold @ 1128.70	Bought @ 1124	= + $1,175.00
TOTAL (P & L)		+ $1,175.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 1-09-04 : 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.

Resistance: For the March contract -

1130.30 day top and 1130.40 GBX top (major) / 1132.60 rev. channel and 1133.40 minor daily upper channel (major) / 1135.50 minor daily upper channel (major) / 1137.50 and 1139 day tops (major area) / 1143.50 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top also 1151 March's weekly top and 1153.70 major monthly upper channel and 1153.70 also the major 50% retracement area (very major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1128 and 1127.40 base also 1126.90 and 1126.20 intra-day channels (major area) / 1125.20 and 1124.50 base also 1124.50 intra-day channel and 1123.80 day bottom (major area) / 1122.60 minor day channel (major) / 1118.70 major day channel and 1118 minor day channel also 1116.60 day channel with GBX prices (very major area) / 1115 day bottom (major) / 1112 day bottom and 1111.20 day channel (very major area) / 1109.90 weekly channel and 1108.90 weekly closing gap (very major area) / 1105.50 minor weekly channel with GBX prices also 1103.50 day bottom and 1103.40 weekly channel (very major area) / 1097.30 weekly bottom (major) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1090.40 major day channel and 1090.20 day bottom also 1089.90 day bottom (very major area) / 1085.40 weekly closing price and 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel also 1080 GBX bottom (very major area).

Comments:

The follow through rally on Thursday managed to close up and higher every day this week keeping the chart in bullish condition. A trade above 1132.60 and 1133.40 area can bring prices up to challenge the 1135.50 channel and 1137 - 1139 tops, and possibly near the 1143.50 major channel. A trade above 1143.50 can bring prices up to challenge the long-term major 50% retracement area at 1153.70. A trade today below 1118.70 is slightly bearish but only a trade below 1111.20 and 1109.90 can bring any solid bearishness back to the chart. Remain defensive inside the first trading area between 1132.60 and 1123.80 area and also the wider weekly trading range between 1143.50 and 1111.20.

Day trades: For The March contract -

Aggressive traders can buy dips near 1124.50 - 1123.80 area for obj. near 1127.50 - 1129 area. (Use a protective sell stop at 1121. Do not rev. short).

Aggressive traders can buy dips near 1119 - 1116.60 area, if it gets there, for obj. near 1123 - 1125 area. (Use a sell stop and rev. short at 1113.70).

Aggressive traders can sell rallies near 1132.60 - 1133.40 area for obj. near 1130.50 - 1129.50 area. (Use a buy stop and rev. long at 1134.20).

Sell stop at 1113.70 for obj. near 1112 - 1111.20 area and possibly near 1109.90.

Sell stop at 1107.70 for obj. near 1105.50 - 1103.50 area.

Buy stop at 1134.20 for obj. near 1135.50 - 1137 area and possibly near 1139.

Buy stop at 1140 for obj. near 1142 - 1143.50 area.

Buy stop at 1145.50 for obj. near 1148.50 - 1149.20 area and possibly near 1151.

Bulletin - Originally sent 01/09/04 (10:10 am est)

Long positions were taken on the opening at 1124. The rally up to 1127.50 meets the obj. and completes the trade.

NOTE: The buy stop at 1132.30 will be taken and will put traders into long positions.

Results: 01/12/04

Sold @ 1122.50 Bought @ 1120.50 = + $   500.00

Bought @ 1119.70 Sold @ 1122 = + $   575.00

TOTAL (P & L)    + $1,075.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 1-13-04 : 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.

Resistance: For the March contract -

1128.70 long-term weekly channel with GBX prices and 1130.50 weekly top also 1131 major weekly channel without GBX prices and 1131 GBX weekly top (very major area) / 1134.40 weekly chart's top and 1134.50 weekly upper channel also 1135.70 weekly chart's top with GBX prices (major area) / 1137.50 day top and 1137.80 minor weekly upper channel also 1139 day top (major area) / 1141.80 and 1143 minor weekly upper channels also 1145.30 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top (major area) / 1153.70 major monthly upper channel and 1153.70 is also the major 50% retracement area (very major area) / 1157.40 minor weekly upper channel (major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1127.30 base and 1127 intra-day gap (major area) / 1125.40 intra-day channel and 1125.20 gap also 1124.50 major base (major area) / 1121.80 day channel with GBX prices and 1121 base also 1120.50 major GBX day channel and 1119.80 day bottom (very major area) / 1118.40 GBX bottom (major) / 1116.50 minor day channel without GBX prices and 1116 minor weekly channel with GBX prices also 1115 day bottom and 1114.50 day channel without GBX prices (very major area) / 1112.90 minor day channel and 1112 weekly bottom (major area) / 1108.90 weekly closing gap and 1108.60 GBX bottom (major area) / 1103.50 day bottom (major) / 1097.30 weekly channel with GBX prices and 1097.20 weekly bottom (very major area) / 1093.90 major day channel and 1093.50 weekly closing gap also 1093 GBX bottom and 1092.50 day bottom (very major area) / 1085.40 weekly closing gap and 1084.70 weekly channel without GBX prices also 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel and 1082 day bottom also 1082 long-term major weekly channel (very major area).

Comments:

The rally on Monday from the major support area keeps the chart back in neutral to bullish condition for possible higher prices to develop. A trade above 1128.70 - 1131 resistance area can bring prices up to challenge near the 1153.70 major 50% retracement area. A trade below 1121.80 - 1120.50 area is slightly bearish but only a trade below the 1116 and 1112.90 areas can bring any solid bearishness back to the chart. Remain defensive inside the first trading area between 1128.70 and 1121.80 and also the wider area between 1131 and 1116.

Day trades: For The March contract -

Aggressive traders can buy dips near 1125.50 - 1121.80 area or sell rallies near 1128.70 - 1130.50 area, whichever side comes first, to complete the trade. (Use a sell stop and rev. short at 1119.50). (Use a buy stop and rev. long at 1132.20).

Buy stop at 1132.30 for obj. near 1134 - 1135.70 area and possibly near 1137.

Buy stop at 1139.50 for obj. near 1141.50 - 1143 area and possibly near 1145.

Buy stop at 1146.70 for obj. near 1148.70 - 1149.20 and possibly near 1153.70 area.

Sell stop at 1119.50 for obj. near 1116.50 - 1116 area.

Sell stop at 1111 for obj. near 1109 - 1108.60 area.

Sell stop at 1107 for obj. near 1104.50 - 1102.50 area.

Bulletin - Originally sent 01/13/04 (9:46 am est)

The rally up to 1128.40 put traders into short positions. The obj. is near 1125.50 area. (Continue to use a buy stop and rev. long at 1132.20).

Bulletin - Originally sent 01/13/04 (10:17 am est)

Short positions were taken at 1128.20. The sell-off down to 1125.70 is near enough to the 1125.50 obj. and completes the trade.

Bulletin - Originally sent 01/13/04 (11:00 am est)

The sell-off down to 1123 put traders into long positions.

Bulletin - Originally sent 01/13/04 (11:45 am est)

Long positions will be added at the 1120.50 area due to the fact that the sell stop is at 1119.50 making it a low risk trade.

Bulletin - Originally sent 01/13/04 (12:03 pm est)

The sell stop was hit at 1119.50, putting traders into short positions. The sell-off down to 1116.50 meets the obj. and completes the trade.

Aggressive traders can consider long positions near this 1116 which is the major support area. (Continue to use a sell stop and rev. short at 1111). The obj. for this long position taken at 1116 is near 1120 - 1122 area.

Bulletin - Originally sent 01/13/04 (12:04 pm est)

Long positions were taken at 1114.50, which is where the market is trading at this time.

Bulletin - Originally sent 01/13/04 (12:40 pm est)

Long positions were taken at 1116 and at 1114.50. The rally up to 1118.80 is showing signs of resistance.

It is recommended to exit long positions near 1118, which is where it's trading at this time, and take profits.

Results: 01/13/04

Sold @ 1128.20 Bought @ 1125.70 = + $   625.00

Bought @ 1123 Sold @ 1119.50 = - $   875.00

Bought @ 1120.50 Sold @ 1119.50 = - $   250.00     bought @ 1120.50 as per bulletin

Sold @ 1119.50 Bought @ 1116.50 = + $   750.00

Bought @ 1116 Sold @ 1118.50 = + $   625.00     sold @ 1118.50 as per bulletin

Bought @ 1114.50 Sold @ 1118.80 = + $1,000.00

TOTAL (P & L)    + $1,875.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 1-14-04 : 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.

Resistance: For the March contract -

1124 peak (major) / 1127 intra-day channel and 1127.20 minor day channel without GBX prices also 1128 GBX channel and 1128.30 day top and 1129 GBX top (very major area) / 1130.50 day top and 1131 GBX top (major area) / 1134.40 weekly chart's top and 1134.50 weekly upper channel (major area) / 1135.70 weekly chart's top with GBX prices (major area) / 1137.50 day top and 1137.80 minor weekly upper channel also 1139 day top (major area) / 1141.80 and 1143 minor weekly upper channels also 1145.30 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top (major area) / 1153.70 major monthly upper channel and 1153.70 is also the major 50% retracement area (very major area) / 1157.40 minor weekly upper channel (major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For the March contract -

1120.50 intra-day channel and 1120.30 base (major area) / 1117.60 base and 1116.30 newly developed day channel (very major area) / 1115.30 day channel and 1113.80 day bottom (major area) / 1112 day bottom (major) / 1108.90 weekly closing gap and 1108.60 GBX bottom (major area) / 1103.50 day bottom (major) / 1097.30 weekly channel with GBX prices and 1097.20 weekly bottom also 1095.60 major day channel (very major area) / 1093.50 weekly closing gap and 1093 GBX bottom also 1092.50 day bottom (major area) / 1085.40 weekly closing gap and 1084.70 weekly channel without GBX prices also 1084.50 weekly bottom (major area) / 1082.30 long-term major monthly channel and 1082 day bottom also 1082 long-term major weekly channel (very major area).

Comments:

The sell-off on Tuesday from the major resistance area was significant but prices managed to hold above the major support, mentioned in yesterday's report, at 1112.90 leaving the chart neutral for prices to swing either way. A trade above the 1127 - 1128 area is slightly bullish but a trade above 1131 can bring prices up to challenge near the 1153.70 major 50% retracement area. A trade below 1116.30 and 1115.30 areas will be slightly bearish and can bring prices down to challenge the 1103.50 bottom and possibly near the 1197.30 - 1193 gap area. Remain defensive inside the first trading area between 1124 - 1120.50 and also between the wider range between the 1127 - 1128 resistance and the 1116.30 - 1115.30 support.

Day trades: For The March contract -

Aggressive traders can sell rallies near 1123.50 - 1124 area or buy dips near 1121 - 1120.30, whichever side comes first, to complete the trade. (Use a buy stop and rev. long at 1125). (Use a sell stop and rev. short at 1119.30).

Buy stop at 1125 for obj. near 1127 - 1128 area.

Buy stop at 1132.30 for obj. near 1134.30 - 1135.70 area.

Buy stop at 1139.50 for obj. near 1141.50 - 1143 area and possibly near 1145.

Sell stop at 1119.30 for obj. near 1117.30 - 1116.30 area.

Sell stop at 1111 for obj. near 1109 - 1108.60 area.

Sell stop at 1107 for obj. near 1104.50 - 1102.50 area.

Bulletin - Originally sent 01/14/04 (10:18 am est)

The buy stop at 1125 was hit putting traders into long positions.

The market is showing signs of resistance at 1126 at this time. It is recommended to exit long positions near 1125.50 and scratch the trade, and take small profits.

Bulletin - Originally sent 01/14/04 (10:51 am est)

The resistance continues to build at the 1125 - 1126 area, where short positions can be considered.

Aggressive traders can sell near 1125 - 1125.50 area for an obj. near 1121.50 - 1120.60. (Use a protective buy stop at 1129. Do not rev. long).

Bulletin - Originally sent 01/14/04 (12:36 pm est)

Short positions were taken at 1125.50. The sell-off down to 1123.10 is now considered an intra-day double bottom and can hold as support.

It is recommended for traders to exit short positions at the market, which is trading at 1123.80 at this time, and take profits.

Results: 01/14/04

Sold @ 1124 Bought @ 1125 = - $   250.00

Bought @ 1125 Sold @ 1125.50 = + $   125.00

Sold @ 1125.50 Bought @ 1123.80 = + $   425.00

Bought @ 1132.30 Sold @ 1131.30 = - $   250.00

TOTAL (P & L)    + $    50.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 1-15-04 : 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.

Resistance: For the March contract -

1132.30 day top and 1132.70 minor upper channel with GBX prices (major) / 1133.80 new minor upper channel also 1134.40 weekly chart's top and 1134.50 weekly upper channel (major area) / 1135.70 weekly chart's top with GBX prices (major area) / 1137.50 day top and 1137.80 minor weekly upper channel also 1139 day top (major area) / 1141.80 and 1143 minor weekly upper channels also 1145.30 minor weekly upper channel (very major area) / 1149.20 monthly closing price and 1149.90 monthly top (major area) / 1153.70 major monthly upper channel and 1153.70 is also the major 50% retracement area (very major area) / 1157.40 minor weekly upper channel (major area) / 1162.50 and 1163.50 day tops (major area) / 1169 weekly top (major area) / 1177 monthly top and 1178.50 monthly top also 1180 weekly closing gap in the March contract (very major area).

Support: For