Archived S & P Reports

The week in review - 01/06/03 - 01/10/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 01-06-03 : 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 March contract -

910.70 and 911.40 weekly tops also 912 major weekly top and 913 weekly gap (very major area) / 917.70 GBX weekly top (major) / 920.80 major day channel and 921 day top (very major area) / 924.40 day channel and 924.80 major weekly channel also 924.50 day top (very major area) / 927.20 day top (major) / 932.50 day channel and 934.50 day gap also 935.30 weekly and monthly closing price (very major area) / 943.50 minor day channel (major) / 949 minor day channel and 953.50 weekly top also 954.80 weekly chart top (very major area).

Support: For the March contract -

907.80 intra-day channel also 906 and 905.70 base (major area) / 904.70 intra-day channel and base also 903.30 gap (major area) / 901.70 day bottom also 900.50 and 900.20 bases (major area) / 897.80 and 897.50 bases also 897.20 day channel (very major area) / 894 base (major) / 883 GBX bottom and 882.70 day bottom also 878.90 day gap (major area) / 876.60 major weekly channel and 875.10 major day channel (very major area) / 871.80 weekly closing price (major) / 868.20 and 866 weekly bottoms (very major area) / 862.10 day gap and 857 day bottom (very major area).

Comments:

The market remained inside the neutral trading range on Friday but managed to close higher than the last three weeks closing prices, which is technically considered a key reversal on the weekly chart and overall bullish. A trade today below 897.20 is slightly bearish but only a trade below 876.60 - 875 area can bring any solid bearishness back to the chart. NOTE: Even with the bullish key reversal from last week, the market continues to face very major resistance and 924.80 that can prove to be significant enough to hold back rallies for a while. A trade above 924.70 and 932.50 areas will be considered a major breakout for higher prices to follow, possibly reaching the 980 - 990 area. Remain defensive inside the neutral daily trading range between 913 - 901.50 but overall remain defensive this week inside the 924.80 - 876.60 weekly trading range.

Day trades: For the March contract -

Aggressive traders can buy dips near 904 - 903.30 area for obj. near 907 - 908 area. (Use a sell stop and rev. short at 893.70). (Conservative traders can use a protective sell stop at 900.70. Do not rev. short).

Aggressive traders can buy dips near 898.50 - 897.20 area for obj. near 903 and possibly near 906 area. (Use a sell stop and rev. short at 893.70).

Very aggressive traders can sell rallies near 909 - 911.50 area and if possible near 913 for obj. near 905 - 904 area and possibly near 903.30. (Use a buy stop and rev. long at 914.70). NOTE: Cancel this trade if the market hits the 898.50 - 897.20 area first before this trade comes to play.

Aggressive traders can sell rallies near 920.80 - 924.80 area for obj. near 916.50 - 915 area. (Use a buy stop and rev. long at 929).

Sell stop at 893.70 for obj. near 888 - 886 area and possibly near 882.70 - 878.90 gap area.

Buy stop at 914.70 for obj. near 917.70 - 920.80 area and possibly near 924.80 area.

Buy stop at 929 for obj. near 932 - 934.50 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 01/06/03 (1:34 pm est)

Short positions were taken at 924. Because of the market condition the buy stop and rev. long at 929 must be changed to 930.60 for the same obj. near 932 - 934.50 area.

Bulletin - Originally sent 01/06/03 (3:54 pm est)

The buy stop was hit at 930.60 putting traders into long positions. The 931.50 double top is showing resistance where long positions should consider taking profits instead of waiting for 932. Any trader who did not exit the long position should do so.

Results: 01/06/03

Sold @ 910.70 Bought @ 914.70 = - $1,000.00

Bought @ 914.70 Sold @ 920.80 = + $1,525.00

Sold @ 924 Bought @ 930.60 = - $1,650.00

Bought @ 930.60 Sold @ 931.50 = + $ 225.00

TOTAL (P & L) - $ 900.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 01-07-03 : 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.

Resistance: For the March contract -

927.50 intra-day channel also 928 and 929 peaks (major area) / 930.60 newly developed day channel and 931.30 peak also 931.50 day top and 932 day channel (very major area) / 934.50 day channel and 937.50 minor weekly channel (very major area) / 943 minor day channel and 945 minor weekly channel (very major area) / 949 minor day channel (major) / 953.50 March contract's weekly top also 954.80 weekly chart top (very major area) / 956.30 day top (major) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart top (very major area) / 980.80 day session closing price and 982.80 day top (major area).

Support: For the March contract -

925 double base (major) / 923.20 and 921.30 bases also 921.40 day channel (very major area) / 916 intra-day channel and gap also 914.40 day channel with GBX prices (very major area) / 909.90 weekly closing price (major) / 903.80 GBX bottom and 903.50 day channel also 901.70 day bottom (very major area) / 897.80 and 897.50 base area also 896.70 weekly closing price (major area) / 883 base and 882.70 day bottom also 881 rev. peak (major area) / 878.90 day gap and 876.80 major day channel also 876.60 major weekly channel (very major area).

Comments:

The rally on Monday brought prices up to a very critical resistance area leaving the chart neutral to bullish but subject to whiplashing to both sides of the 927.50 - 921.40 neutral range. A trade above 927.50 and 932 area is a breakout for higher prices. A trade below 921.40 is slightly bearish but only a trade below 903.50 - 901 area can bring any solid bearishness back to the chart. Remain defensive inside the 927.50 - 921.50 trading area until a breakout is seen to either side.

Day trades: For the March contract -

Aggressive traders can sell rallies near 927 - 927.50 area and buy dips near 923 - 921.40 area, whichever side comes first to complete the trade. (Use a buy stop and rev. long at 933). (Use a sell stop and rev. short at 918.70).

Buy stop at 933 for obj. near 934.50 - 937 area.

Buy stop at 940 for obj. near 943 - 945 area.

Sell stop at 918.70 for obj. near 916.30 - 914.50 area.

Sell stop at 911.50 for obj. near 909.90 - 908.50 and possibly near 906.

Aggressive traders can attempt long positions near 904.50 - 903.50 area, if it gets there, for obj. near 909 - 911 area and possibly near 913. (Use a sell stop and rev. short at 900).

Sell stop at 900 for obj. near 898 - 896.50 area.

Results: 01/07/03

Bought @ 923 Sold @ 927 = + $1,000.00

Sold @ 927 Bought @ 923 = + $1,000.00

Bought @ 923 Sold @ 927 = + $1,000.00

Sold @ 927 Bought @ 923 = + $1,000.00

Bought @ 923 Sold @ 927 = + $1,000.00

TOTAL (P & L) + $5,000.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 01-08-03 : 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.

Resistance: For the March contract -

924.60 peak and 925 intra-day channel (major area) / 927 and 928.30 peaks (major area) / 929.50 minor day channel also 930.50 and 931.50 day tops also 931 day channel (very major area) / 934.50 day gap and 937.50 minor weekly channel (very major area) / 943 minor day channel and 945 minor weekly channel (very major area) / 949 minor day channel (major) / 953.50 March contract's weekly to also 954.80 weekly chart top (very major area) / 956.30 day top (major) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart top (very major area).

Support: For the March contract -

922 minor day channel and 921 intra-day channel (major area) / 919.70 base and 918.80 day bottom also 916 intra-day gap (very major area) / 912.50 base (significant) / 910.50 day channel and 909.90 weekly closing price also 908.50 day bottom and 908 minor GBX channel (very major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 897.80 and 897.50 base area also 896.70 weekly closing price (major area) / 883 base and 882.70 day bottom also 881 rev. peak (very major area) / 878.90 day gap and 878.50 major day channel also 876.60 major weekly channel (very major area).

Comments:

The market on Tuesday closed down for the day after remaining inside the neutral range, which puts some negativity into the chart for possible retracements lower. Only a trade above 932 will bring the bullishness back for the minor up trend to continue. A trade below 918.80 - 916 area can bring prices down to challenge the 910.50 - 908 area. A trade below 910.50 - 908 area is bearish for prices to challenge the 903.80 - 901.70 bottom and possibly lower. Only a trade below the 876.60 weekly channel can reverse the minor trend down for prices to possibly reach the 50% retracement area at 860.50. Remain defensive inside the 929 - 910.50 neutral trading range. Whiplashing to both sides can continue until a breakout is seen to either side.

Day trades: For the March contract -

Aggressive traders can buy dips near 918.50 - 916 area for obj. near 924 and possibly near 925. (Use a sell stop and rev. short at 915).

Aggressive traders can sell rallies near 927 - 929 area and if possible near 930 for obj. near 923 - 921 area. (Use a buy stop and rev. long at 933.30).

Aggressive traders can attempt long positions near 910.50 for obj. near 914.50 - 916 area and possibly near 918. (Use a sell stop and rev. short at 906).

Buy stop at 933.30 for obj. near 934.50 - 937 area.

Buy stop at 939.80 for obj. near 943 and possibly near 945.

Sell stop at 915 for obj. near 912.50 and possibly near 910.50.

Sell stop at 906 for obj. near 904 and possibly near 902.

Sell stop at 900 for obj. near 897.80 - 897 area.

Sell stop at 893 for obj. near 888 - 886 area and possibly near 883.

Bulletin - Originally sent 1/08/02 (10:27 am est)

The sell stop was hit at 915 putting traders into a short positions. The sell off down to 913.50 is one point from the obj. and some traders could have taken profits. The technical formation of the double bottom at 914.50 is proving to be support for possible rallies up to the 922 area again.

Traders holding short positions should exit immediately and consider long positions at the market. The market is trading at 916.50 at this time. Aggressive traders taking long positions should continue to use a sell stop and rev. short at 906. The obj. for long positions is near 921 - 922 area.

Bulletin - Originally sent 1/08/02 (11:44 am est)

The market rallied to 920.50 which is near enough to the obj. of 921, which completes the trade where all long positions took profits. Anyone who failed to exit the long positions, should do so immediately.

Bulletin - Originally sent 1/08/02 (12:52 pm est)

Long positions were taken on the sell off down to 911.70. The rally up to 914.90 meets the obj. and completes the trade.

Bulletin - Originally sent 1/08/02 (1:54 pm est)

The market continues to hold the major support at 910.50 that could possibly stimulate rallies. Aggressive traders can attempt long positions again, buying near 911.50 for an obj. near 914.50 - 916. (Continue to use a sell stop and rev. short at 906). (Conservative traders can use a protective sell stop at 909. Do not rev. short).

Bulletin - Originally sent 1/08/02 (2:22 pm est)

The market failed to hold the 910.50 support trading down to 909.50. This trade is now at a high risk. It is recommended for traders to exit the long position taken at 911.50 and scratch the trade. The market is trading at 911.50 at this time.

Results: 01/08/03

Bought @ 917 Sold @ 915 = - $ 500.00

Sold @ 915 Bought @ 916.50 = - $ 375.00 bought as per bulletin

Bought @ 916.50 Sold @ 920.50 = + $1,000.00

Bought @ 911.70 Sold @ 914.50 = + $ 700.00

Bought @ 911.50 Sold @ 911.50 = $ -0- as per bulletin to attempt the buy again / sold as per bulletin to scratch the trade

TOTAL (P & L) + $ 825.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 01-09-03 : 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.

Resistance: For the March contract -

910.50 peak and intra-day channel also 910.50 day channel and 912.80 peak (major area) / 914.70, 914.90, and 915.50 peaks and 917.10 GBX channel (very major area) / 920.50 day top to 923.80 day gap (major area) / 927 and 928.30 peaks also 929 and 930 minor day channels also 930.50 and 931.50 day tops (very major area) / 934.50 day gap and 937.50 minor weekly channel (very major area) / 942.50 minor day channel and 945 minor weekly channel (very major area) / 948.70 minor day channel (major) / 953.50 March contract's weekly top also 954.80 weekly chart top (very major area).

Support: For the March contract -

908.90 minor channel and 908.30 intra-day channel also 908 base and 907.10 bottom also 905.70 minor down channel (very major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 897.80 and 897.50 base area also 896.70 weekly closing price (major area) / 883 base and 882.70 day bottom also 881 rev. peak (very major area) / 880.10 major day channel and 878.90 day gap also 876.60 major weekly channel (very major area) / 871.80 weekly closing price and 870 minor day channel also 868.20 weekly bottom (very major area).

Comments:

The sell-off on Wednesday brought prices down to a major support level leaving the chart in totally neutral condition between the 917.10 and 903.80 trading range. A trade above 917.10 is slightly bullish for prices to challenge the 927 - 931 major resistance. A trade above 932 will be considered a breakout for higher prices to follow. A trade today below 907.10 - 905.70 area is slightly bearish but a trade below 903.80 - 901.70 bottom area can bring prices down to possibly challenge the 883 - 876.60 major support. Remain defensive inside the 917.10 - 903.80 neutral range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 915.50 - 917 area for obj. near 912 - 910.50 area. (Use a buy stop and rev. long at 918.20).

Aggressive traders can attempt long positions near 910.50 and if possible near 909 for obj. near 912.50 - 914.50 area. (Use a sell stop and rev. short at 906).

Aggressive traders can attempt long positions near 904 - 902 area for obj. near 908 - 909 area. (Use a sell stop and rev. short at 900).

Aggressive traders can sell rallies near 927 - 928 area and if possible near 929 - 930 area for obj. near 924 - 922 area. (Use a buy stop and rev. long at 933.30).

Buy stop at 918.20 for obj. near 920 - 923 area.

Buy stop at 933.30 for obj. near 934.50 - 937.50 area.

Sell stop at 906 for obj. near 904 - 902 area.

Sell stop at 900 for obj. near 897.80 - 896.50 area.

Sell stop at 893 for obj. near 887 - 884 area.

Results: 01/09/03

Sold @ 916.50 Bought @ 918.20 = - $ 425.00

Bought @ 918.20 Sold @ 921.50 = + $ 825.00

Sold @ 927 Bought @ 923 = + $1,000.00

TOTAL (P & L) + $1,400.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 01-10-03 : 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.

Resistance: For the March contract -

925.80 intra-day channel and 926.30 peak (major area) / 927.30 peak and 927.50 minor day channel also 928.50 day top and 929.30 day channel (very major area) / 930.50 and 931.50 day tops (major area) / 934.50 day gap and 937.50 minor weekly channel (very major area) / 942 minor day channel and 945 minor weekly channel (very major area) / 948.50 minor day channel and 953.50 March contract's weekly top also 954.80 weekly charts top (very major area) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart's top (very major area) / 980.80 day session closing price and 982.80 day top (major area).

Support: For the March contract -

922.90 minor day channel also 922.50 base (major area) / 920.20 base and 920 day channel (major area) / 915 day bottom and 913.50 major channel with GBX prices (very major area) / 910 day gap also 907.90 GBX bottom and 907.10 day bottom (major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 896.70 weekly closing price (major area) / 883 base and 882.70 day bottom also 882 major day channel (very major area) / 878.90 day gap and monthly closing price also 876.60 major weekly channel (very major area).

Comments:

The rally on Thursday brought prices up to a critical resistance area but the trading range remaining inside the neutral area. A trade above 932 will be considered a breakout for higher prices to follow. A trade today below 920 is slightly bearish but only a trade below the 913.50 channel and the 910 - 907.90 area will challenge the 901.70 bottom. A failure to hold above 901.70 can bring prices down to challenge the 882 - 876.70 major support area. Remain defensive inside the 929.30 - 913.50 neutral trading area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 927 - 929 area and if possible near 931 for obj. near 922 - 920 area. (Use a buy stop and rev. long at 933.30)

Aggressive traders can buy dips near 916 - 913.50 area for obj. near 920 - 922 area. (Use a sell stop and rev. short at 911.70).

Buy stop at 933.30 for obj. near 934.50 - 937.50 area.

Buy stop at 940.50 for obj. near 942 - 945 area.

Sell stop at 911.70 for obj. near 910 - 908 area.

Sell stop at 906 for obj. near 904 - 902 area.

Sell stop at 899.80 for obj. near 897.

Sell stop at 893 for obj. near 887 - 884 area and possibly near 882.

Bulletin - Originally sent 01/10/03 (12:11 pm est)

Short positions were taken at 927 and 931. The double bottom at 926.60 and 926.80 can prove to be support. It is recommended for all short positions to exit and take profits or scratch the trade, either/ or. The short positions is beginning to be a high risk at this time.

Results: 01/10/03

Bought @ 916 Sold @ 921 = + $1,250.00

Sold @ 927.50 Bought @ 927.50 = $ -0- bought as per bulletin

Sold @ 931 Bought @ 927.50 = + $ 875.00 bought as per bulletin

TOTAL (P & L) + $2,125.00

The week in review - 01/13/03 - 01/17/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 01-13-03 : 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.

Resistance: For the March contract -

928.50 intra-day channel and 929.50 double peak (major area) / 932.30 newly developed day channel also 932.50 minor weekly channel also 933 day top and 934.50 day gap and 936 monthly closing prices (very major area) / 941.50 minor day channel also 943 minor weekly channel (very major area) / 948.10 minor day channel also 950.30 minor weekly channel (very major area) / 953.50 March contract's weekly top also 954.50 weekly chart's top (very major area) / 956.30 day top (major) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart's top (very major area) / 978.60 monthly channel also 980.80 day session closing price and 982.80 day top also 984.30 major weekly channel and 985 day channel (very major area) / 990.10 monthly chart's closing price also 991 and 992 weekly closing prices also 993.80 weekly top and 996 GBX weekly top (very major area).

Support: For the March contract -

925 intra-day channel and 923.20 base (major area) / 922.10 day channel and 921.50 base (major area) / 919 minor day channel (very major area) / 915 double bottom and 912.50 minor day channel (major area) / 910 day gap also 907.90 GBX bottom and 907.10 day session weekly bottom (very major area) / 903.80 GBX weekly bottom and 901.70 day bottom (major area) / 896.70 weekly closing price (major area) / 885 major weekly channel also 883.50 major day channel (very major area).

Comments:

The market on Friday managed to close up for the 2nd day in a row, remaining inside the neutral area leaving the chart in neutral to slightly bullish condition. A trade above the 934 - 936 area can bring prices up to challenge the 948 - 954.80 top area. A trade below 922.10 is slightly bearish but a trade below 912.50 can bring prices down to challenge the 901.70 bottom and possibly near the 885 major support. Remain defensive inside the 936 - 922 neutral area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 934.50 - 936 area for obj. near 930. (Use a buy stop and rev. long at 939).

Aggressive traders can buy dips near 923 - 922 area for obj. near 930. (Use a sell stop and rev. short at 918).

Buy stop at 939 for obj. near 941.50 - 943 area.

Buy stop at 945 for obj. near 947.50 - 948 area and possibly near 950.

Sell stop at 918 for obj. near 914 - 912.50 area.

Sell stop at 906 for obj. near 903.80 - 901.70 area.

Bulletin - Originally sent 01/13/03 (10:15 am est)

Short positions were taken this morning at 934.50 and met the obj. on the sell-off down to 930.50, which completes the trade.

Bulletin - Originally sent 01/13/03 (10:45 am est)

The sell off down to 923.20 put traders into long positions with an obj. now at 930. (Continue to use the sell stop and rev. short at 918).

Bulletin - Originally sent 01/13/03 (12:06 pm est)

Long positions were taken at 923.20. The market is showing resistance 926 with a double top formation. It is recommended for traders to exit the long position at the market and take profits. The market is trading at 925 at this time.

Results: 01/13/03

Sold @ 934.50 Bought @ 930.50 = + $1,000.00

Bought @ 923.20 Sold @ 925.20 = + $ 500.00 sold as per bulletin

TOTAL (P & L) + $1,500.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 01-14-03 : 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.

Resistance: For the March contract -

927.80 peak and 928.70 intra-day channel (major area) / 930.80 intra-day peak (major) / 933.80 and 935.30 newly developed major day channel also 935 day top and 936.50 GBX top (very major area) / 941.20 minor day channel also 943 minor weekly channel (very major area) / 948 minor day channel also 950.30 minor weekly channel (very major area) / 953.50 March contract's weekly top also 954.60 weekly chart's top (very major area) / 956.30 day top (major) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart's top (very major area) / 978.60 monthly channel also 980.80 day session closing price (very major area) / 982.80 day top and 984 major day channel also 984.30 major weekly channel (very major area).

Support: For the March contract -

924.90 day channel with GBX prices also 924.30 intra-day channel and 924 base (major area) / 922.90 day channel and 920.80 day bottom (very major area) / 915 double bottom and 914.30 minor day channel (major area) / 912.50 minor day channel also 910 day gap and 909.90 weekly closing price (very major area) / 907.90 GBX bottom and 907.10 day bottom (major area) / 903.80 GBX bottom and 901.70 day bottom (major area) / 896.70 weekly closing price (major area) / 885.30 major day channel and 885 major weekly channel (very major area) / 882.70 day bottom to 878.90 monthly gap (very major area).

Comments:

Monday's trading range remained inside the neutral area leaving the chart neutral again between the 933.80 - 922.90 range. A trade above 933.80 - 936.50 area can challenge the 943 - 948 major resistance. A trade below 922.90 - 920.80 area can challenge the 912.50 - 910 area and possibly the 901.70 bottom. Only a breakout to either side of the 948 - 901.70 area can possibly point a solid direction. Remain defensive inside the 933.80 - 922.90 first neutral area.

Day trades: For the March contract -

Aggressive traders can buy dips near 924.90 - 922.90 for obj. near 928 - 930 area and possibly near 933. (Use a sell stop and rev. short at 919.80).

Aggressive traders can sell rallies near 933 - 935 area for obj. near 928 and possibly near 925. (Use a buy stop and rev. long at 939.50).

Sell stop at 919.80 for obj. near 915 - 912.50 area and possibly near 910 gap.

Sell stop at 906 for obj. near 904 - 902 area.

Sell stop at 898.70 for obj. near 896.70 and possibly near 895.

Sell stop at 893 for obj. near 888 - 885 area.

Buy stop at 939.50 for obj. near 941.50 - 943 area.

Buy stop at 945.70 for obj. near 947.70 - 948 area and possibly near 950.

Bulletin - Originally sent 01/14/03 (10:14 am est)

Long positions were taken at 923. The double top at 926 can prove to be resistance and possibly not meet the 928 obj. It is recommended for traders to exit the long positions at the market and take profits. The market is trading 924 at this time.

Results: 01/14/03

Bought @ 923 Sold @ 924 = + $ 250.00 sold as per bulletin

TOTAL (P & L) + $ 250.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 01-15-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

933.70 and 935.30 minor day channels also 935 and 936.50 tops (very major area) / 940.90 minor day channel and 943 minor weekly channel (very major area) / 948 minor day channel and 950.30 minor weekly channel (very major area) / 953.50 March contract's weekly top also 954.60 weekly chart's top (very major area) / 956.30 day top (major) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart's top (very major area) / 978.60 monthly channel also 980.80 day session closing price (very major area) / 982.80 day top and 983 major day channel also 984.30 major weekly channel (very major area).

Support: For the March contract -

925.70 newly developed day channel also 925.70 and 925.30 base also 923.80 minor day channel (very major area) / 920.50 bottom (major) / 916 and 914 minor day channels also 915 double bottom (very major area) / 910 day gap and 909.90 weekly closing price also 907.10 day bottom (major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 896.70 weekly closing price (major) / 887 major day channel and 885 major weekly channel (very major area) / 882.70 day bottom to 878.90 monthly gap (very major area).

Comments:

Tuesday's trading range remained inside the neutral area but managed to close up for the day leaving the chart neutral to slightly bullish. The market remains inside the neutral range between 935.30 and 923.80. A breakout above 935.30 - 936.50 can bring prices up to challenge the 943 and 948 resistances. A trade below 923.80 is slightly bearish and can challenge the 916 - 914 support. A trade below 914 is bearish and can bring prices down to challenge the 910 gap - 907.10 bottom and possibly near the 901.70 bottom. Remain defensive inside the 935.30 - 923.80 neutral range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 933 - 935.30 area for obj. near 929 and possibly near 926. (Use a buy stop and rev. long at 937.80).

Aggressive traders can buy dips near 926 - 924 area for obj. near 928 - 930 area. (Use a sell stop and rev. short at 919.80).

Buy stop at 937.80 for obj. near 940.50 - 943 area.

Buy stop at 945.70 for obj. near 947.70 - 948 area and possibly near 950.

Sell stop at 919.80 for obj. near 916.80 and possibly near 914.50.

Sell stop at 912.40 for obj. near 910 and possibly near 909.

Sell stop at 906 for obj. near 904 - 902 area.

Sell stop at 900 for obj. near 897.

Sell stop at 893 for obj. near 888 - 886 area.

Bulletin - Originally sent 01/15/03 (9:44 am est)

Short positions were taken at 932.50 and met the obj. at 928. Long positions were taken at 926. (Continue to use a protective sell stop and rev. short at 919.80).

Bulletin - Originally sent 01/15/03 (12:02 pm est)

The 919.80 sell stop was hit putting traders into short positions. The double bottom at 917 is near enough to the 916.80 obj. to complete the trade. All open positions are complete at this time.

Results: 01/15/03

Sold @ 932.30 Bought @ 928 = + $1,075.00

Bought @ 926 Sold @ 919.80 = - $1,550.00

Sold @ 919.80 Bought @ 917 = + $ 700.00

TOTAL (P & L) + $ 225.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 01-16-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

921.50 double peak and 922.30 peak (major area) / 924.80 and 926 peaks (major area) / 928.50 intra-day gap and 930.20 minor day channels with GBX prices also 930.90 minor day channel (major area) / 932.30 day top and 933 minor day channel (very major) / 934.70 minor day channel also 935 day top and 936.50 GBX top (very major area) / 940.50 minor day channel and 943 minor weekly channel (very major area) / 947.90 minor day channel and 950.30 minor weekly channel (very major area) / 953.50 March contract's weekly top also 954.80 weekly chart's top (very major area) / 956.30 day top (major area) / 961.60 day gap and 965.70 March contract's weekly top also 966 weekly chart's top (very major area).

Support: For the March contract -

919.80 newly developed day channel also 917.40 minor day channel and 917 base (very major area) / 915.50 minor GBX channel also 915.50 and 915 bottom (major area) / 910 day gap and 909.90 weekly closing price also 907.90 and 907.10 bottoms (major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 896.70 weekly closing price (major) / 889 major day channel and 885 major weekly channel (very major area) / 882.70 day bottom to 878.90 monthly gap (very major area).

Comments:

The sell-off on Wednesday from the upper end of the neutral range was significant but managed to hold the support and remain inside the neutral range again. The chart formation that has developed appears to be getting top-heavy for possible retracements to the downside. Only a trade above 931 - 935 area can bring prices up to challenge the 943 - 948 resistance and possibly near the 953.50 - 954.80 top area. A trade below 919.80 - 917.40 is bearish and can bring prices down near the 910 gap area and possibly near the 901.70 bottom. A trade below 901.70 will fail the major support for prices to test the 889 - 885 major support. Remain defensive inside the 931 - 919.80 neutral range.

Day trades: For the March contract -

Aggressive traders can buy dips near 920 for obj. near 924 - 926 area and possibly near 928.50 gap. (Use a sell stop and rev. short at 914.70). (Conservative traders can use a protective sell stop at 918. Do not rev. short).

Aggressive traders can sell rallies near 928.50 - 931 area and if possible near 933 for obj. near 924 - 922 area. (Use a buy stop and rev. long at 937.70).

Sell stop at 914.70 for obj. near 910 gap and possibly near 907.90 bottom.

Sell stop at 906 for obj. near 904 - 902 area.

Sell stop at 899.70 for obj. near 896.70 and possibly near 895.

Sell stop at 893 for obj. near 889 and possibly near 885 area.

Buy stop at 937.70 for obj. near 940 - 940.50 area and possibly near 943.

Buy stop at 945.30 for obj. near 947.50 and possibly near 950.

Bulletin - Originally sent 01/16/03 (2:03 pm est)

The stop at 914.50 was hit putting traders into short positions. The sell-off brought prices down to 912.50 and failed to meet the obj. near 910.

It is recommended to exit the short position at the market and scratch the trade. The market is trading at 915 at this time.

Results: 01/16/03

Bought @ 920 Sold @ 924 = + $1,000.00

Sold @ 914.70 Bought @ 914.70 = $ -0-

TOTAL (P & L) + $1,000.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 01-17-03 : 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.

Resistance: For the March contract -

918.60 intra-day channel also 917.70, 919.50 and 920.30 peaks and 919.30 day channel (major area) / 923.50 peak and 925.80 day top (major area) / 928.10 and 929.60 minor day channel (major area) / 932.30 day top and 932.50 day channel (very major area) / 934.10 day channel with GBX prices also 935 day top and 936.50 GBX top (very major area) / 940 day channel and 943 minor weekly channel (very major area) / 947.80 minor day channel and 950.30 minor weekly channel (very major area) / 953.50 March contract's weekly top also 954.80 weekly chart's top (very major area) / 956.30 day top (major) / 961.60 day gap and 935.70 March contract's weekly top also 966 weekly chart's top (very major area).

Support: For the March contract -

911 bottom to 910 day gap also 909.90 weekly closing price (major area) / 907.90 GBX bottom and 907.10 day bottom (major area) / 903.80 GBX bottom and 901.70 day bottom (very major area) / 896.70 weekly closing price (major) / 890.50 major day channel (very major) / 885 major weekly channel (very major area) / 882.70 day bottom to 878.90 monthly gap (very major area) / 871.50 minor channel and 868.20 weekly bottom also 871.80 weekly closing price (very major area).

Comments:

The sell-off on Thursday from the top-heavy chart formation developed as expected, putting the chart in a defensive position for possible lower prices. A trade below the 907.10 bottom can challenge the 901.70 bottom but a trade below 901.70 will fail a very major support and can bring prices down to test the 890.50 and 885 major support areas. Only a trade below 885 can reverse the major trend down. A trade above 919.30 today is slightly bullish but only a trade above 929.30 and 934 can bring any solid bullishness back to the chart. Remain defensive inside the 919.30 - 901.70 neutral area.

Day trades: For the March contract -

Aggressive traders can buy dips near 907 and if possible near 903.80 - 901.70 area for obj. near 911 and possibly near 915. (Use a sell stop and rev. short at 899.70).

Aggressive traders can sell rallies near 917 - 919 area for obj. near 912.50 - 910.50 area. (Use a buy stop and rev. long at 920.20). (Also use a buy stop and rev long at 925.20).

Sell stop at 899.70 for obj. near 896.70 - 895 area.

Sell stop at 894 for obj. near 891.50 - 890.50 area and possibly near 888 - 885 area.

Buy stop at 920.20 for obj. near 923.50 - 925.10 area.

Buy stop at 925.20 for obj. near 927.70 - 928.10 area and possibly near 929.30.

Buy stop at 937.20 for obj. near 940 and possibly near 943.

Bulletin - Originally sent 01/17/03 (10:11 am est)

Long positions were taken at 906.50 on the opening and at 904 double bottom. The rally up to 909.50 seems worthy enough to take profits instead of waiting for the obj. of 911. This completes the first trade.

Bulletin - Originally sent 01/17/03 (12:23 pm est)

The sell stop was hit at 899.70 putting traders into short positions. Anyone missing the sell stop can enter short positions on this rally near 902 area. Continue to use a protective buy stop for this short position at 911.50).

Bulletin - Originally sent 01/17/03 (2:01 pm est)

Short positions were added at 902 along with the 899.70 sell stop. The sell-off down to the 898.30 area seems to be a good area to take profits instead of waiting for the 896.70 area. The buy at 898.50 completes the trade.

Results: 01/17/03

Bought @ 906.50 Sold @ 909.30 = + $ 700.00

Bought @ 904 Sold @ 909.30 = + $1,325.00

Sold @ 899.70 Bought @ 898.30 = + $ 350.00 bought as per bulletin

Sold @ 902 Bought @ 898.30 = + $ 925.00 sold as per bulletin and bought as per bulletin

TOTAL (P & L) + $3,300.00

The week in review - 01/21/03 - 01/24/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 01-21-03 : 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.

Resistance: For the March contract -

905.80 and 906.30 peaks also 905.80 minor day channel (major area) / 909.50 day top to 911 rev. base (major area) / 916.50 minor day channel with GBX prices also 916.50 day gap and 917 peak (very major area) / 918.90, 919.50 and 920.30 peaks also 921 day session closing price (major area) / 923.50 peak and 924 minor day channel with GBX prices also 924.50 GBX top and 925.80 day top and 926.50 weekly closing price and 926.80 minor day channel (very major area) / 930.90 weekly channel and 931 day channel also 932.30 day top and 932.50 GBX top (very major area) / 933 minor day channel and 933.60 minor weekly channel (very major area) / 935 weekly top and 936.50 GBX weekly top (major area) / 939.50 day channel (major) / 947.50 minor day channel and 949.60 minor weekly channel (very major area).

Support: For the March contract -

901.50 newly developed day channel and 900.50 newly developed minor day channel (very major area) / 897.70 weekly bottom and 896.70 weekly closing price (major area) / 894 major day channel and 893.40 major weekly channel (very major area) / 882.50 minor day channel and 882.70 day bottom also 878.80 monthly gap (very major area) / 871.80 weekly closing price and 871.50 minor day channel also 868.20 weekly bottom (very major area) / 862.10 day gap and 857 day bottom (very major area).

Comments:

The sell-off and close on Friday brought prices down below the last two weekly closing prices after the new high's last week. This is considered a technical key reversal and bearish. But the retracement is actually at a 50% retracement between the 936.50 top and 868.20 bottom, which leaves the chart in totally neutral territory. A trade below 901.50 and 897.70 bottom is slightly bearish but a trade below 893.40 will fail the major weekly channel for prices to possibly challenge the 878.80 monthly gap. A trade today above 916.50 area is slightly bullish but only a trade above the 930.90 - 933 channels can bring any solid bullishness back to the chart. Remain defensive inside the 906 - 900.50 neutral area and the 916.50 - 893.40 major area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 905 - 906 area and buy dips near 902 - 901 area, whichever side comes first to complete the trade. (Use a buy stop and rev. long at 911.50). (Use a sell stop and rev. short at 896).

Aggressive traders can sell rallies near 915 - 916.50 area for obj. near 912 - 910.50 area. (Use a buy stop and rev. long at 919.50).

Aggressive traders can attempt long positions near 894 - 893.40 area for obj. near 897 - 899 area. (Use a sell stop and rev. short at 890.50).

Buy stop at 911.50 for obj. near 915 - 916.50 area.

Buy stop at 919.50 for obj. near 922 - 923.50 and possibly near 925.

Sell stop at 896 for obj. near 894 - 893.40 area.

Sell stop at 890.50 for obj. near 885 - 882.50 area.

Sell stop at 876 for obj. near 872.50 - 871.50 area.

Bulletin - Originally sent 01/21/03 (9:34 am est)

Note: The buy stop and rev. long was changed from 910.50 to 911.50 in the first trade, and in the first buy stop listed.

Bulletin - Originally sent 01/21/03 (9:44 am est)

Short positions were taken on the opening on 905. The market is showing support at the 903.50, which is changing the obj. for the first trade. It is recommended to exit short positions at 903.50 - 903 area to meet the obj. and complete the first trade.

Bulletin - Originally sent 01/21/03 (9:50 am est)

The neutral conditions today is making the first trade worthy to complete on the downside buy area. Aggressive traders can attempt long positions near 903 - 901.50 area for an obj. near 905 - 906. (Continue to use a sell stop and rev. short at 896).

Bulletin - Originally sent 01/21/03 (10:08 am est)

The market failed to hold the 900.50 support level. It is recommended for all long positions taken at 903 - 901.50 area to exit at the market and cut losses. The market is trading at 899 at this time.

Bulletin - Originally sent 01/21/03 (11:00 am est)

The sell stop was hit at 896 were short positions were taken. The sell-off down to 894.10 meets the obj. and completes the trade.

Bulletin - Originally sent 01/21/03 (11:37 am est)

Long positions were taken at 894. The double top at 896 is showing resistance and near the obj. of 897 to complete.

Results: 01/21/03

Sold @ 905 Bought @ 903 = + $ 500.00

Bought @ 903 Sold @ 899 = - $1,000.00

Sold @ 896 Bought @ 894 = + $ 500.00

Bought @ 894 Sold @ 896 = + $ 500.00

Sold @ 890.50 Bought @ 886 = + $1,125.00

TOTAL (P & L) + $1,625.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 01-22-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

889 peak and intra-day channel (major) / 891.60 intra-day channel also 893.70, 893.80 and 894 peaks (major area) / 896.70 GBX channel and 898 intra-day peak also 899 minor day channel (very major area) / 903.50 minor day channel and 905.50 day top also 905.90 GBX top (major area) / 909.50 day top and 909.80 intra-day channel also 912.50 GBX channel (very major area) / 916.50 day gap (major area) / 921 day session closing price and 921.50 minor day channel (major area) / 924.50 GBX top and 925.80 day top also 925.50 minor day channel (major area) / 930.90 major weekly channel and 933.70 minor weekly channel also 932.30 and 932.50 day tops (very major area) / 935 weekly top and 936.50 GBX weekly top (major area).

Support: For the March contract -

886.50 minor channel and 886 day bottom (major) / 883.50 minor day channel and 882.50 day bottom (very major area) / 878.80 monthly gap (very major area) / 872 minor day channel and 871.80 weekly closing price also 868.20 weekly bottom (very major area) / 862.10 day gap and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap also 837.90 weekly closing price (very major area).

Comments:

The sell-off on Tuesday was a follow-through of the bearish key reversal from Friday bringing prices down to a very critical support area. A trade below the 882.50 - 878.80 monthly gap can bring prices down to challenge the 868.20 bottom and 862.10 gap area. A trade below the 862.10 - 857 bottom area is a technical failure that can bring prices down near the 840.80 gap. A trade today above 896.70 - 899 area is slightly bullish but only a trade above the 909.50 - 912.50 area can bring any solid bullishness back to the chart. Remain defensive inside the 889 - 883.50 neutral area.

Day trades: For the March contract -

Aggressive traders can buy dips near 883.50 - 882.50 area and if possible near 878.80 gap for obj. near 887 - 889 area. (Use a sell stop and rev. short at 875.80).

Aggressive traders can sell rallies near 896 - 899 area for obj. near 893 - 891 area. (Use a buy stop and rev. long at 900.30).

Sell stop at 875.80 for obj. near 872 and possibly near 870 - 868 area.

Sell stop at 865.80 for obj. near 863 - 862.10 gap and possibly near 860 - 857 bottom area.

Sell stop at 853 for obj. near 847 - 845 area and possibly near 842.50 - 840.80 gap area.

Buy stop at 900.30 for obj. near 903 - 905 area.

Buy stop at 906.70 for obj. near 909.50 - 910 area and possibly near 912.

Bulletin - Originally sent 01/22/03 (9:55 am est)

Long positions were taken on the opening at 883.50. The rally up to 886.70 meets the obj. and completes the trade.

Results: 01/22/03

Bought @ 883.50 Sold @ 886.70 = + $ 800.00

TOTAL (P & L) + $ 800.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 01-23-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

878.50 intra-day channel (major) / 883.90 peak and 884.70 intra-day channel (major area) / 887.30 GBX channel also 888 peak and 889 day top (very major area) / 891.80 GBX top and 892 day channel (very major area) / 897.20 and 898 peaks (major area) / 901.50 minor day channel and 903.10 weekly closing price (major area) / 905.50 day top and 905.90 GBX top also 907.30 GBX top (major area) / 909.50 day top to 911 rev. base gap (major area) / 916.50 day gap and 919.50 minor day channel (very major area).

Support: For the March contract -

877.50 newly developed day channel and 876.10 bottom (major area) / 872.10 minor day channel and 871.80 weekly closing price also 868.20 weekly bottom (very major area) / 862.10 day gap and 857 day bottom (very major area) / 842.50 rev. peak and 840.80 day gap also 837.90 weekly closing price (very major area).

Comments:

The sell-off on Wednesday brought prices down to a very critical support area that even though the momentum is down, the support is significant enough to stimulate rallies. A trade below 872.10 - 868.20 area is bearish for prices to challenge the 862.10 gap - 857 bottom and possibly near the 840.80 gap area. A trade today above 892 is slightly bullish but only a trade above 901.50 - 903.10 area can bring any solid bullishness back to the chart. Remain defensive inside the 887.30 - 877.50 neutral trading range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 886 - 888 area for obj. near 881 - 878 area. (Use a buy stop and rev. long at 894).

Aggressive traders can attempt long positions near 872.50 - 871 area for obj. near 876 - 877 area. (Use a sell stop and rev. short at 865.80).

Buy stop at 894 for obj. near 897 - 898 area.

Buy stop at 904 for obj. near 906 and possibly near 908 - 909.50 top area.

Sell stop at 865.80 for obj. near 862.10 gap and possibly near 860 - 857 area.

Sell stop at 853 for obj. near 846 - 843 area and possibly near 840.80 gap.

Bulletin - Originally sent 01/23/03 (9:39 am est)

Aggressive traders should consider short positions at the market. 885.20 was near enough to the 886 sell area to enter the first trade. The obj. still remains at 880 - 878 area.

Bulletin - Originally sent 01/23/03 (9:53 am est)

Short positions were taken at 885.20. The sell-off down to 881 completes the first trade.

Results: 01/23/03

Sold @ 885.20 Bought @ 881 = + $1,050.00

TOTAL (P & L) + $1,050.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 01-24-03 : 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.

Resistance: For the March contract -

886 day channel and 887.60 minor day channel with GBX prices (major area) / 889.70 day top and 891.80 GBX top (very major area) / 903.10 weekly closing price and 904.50 minor day channel with GBX prices also 905.50 and 905.90 tops (very major area) / 909.50 day top to 911 rev. base (major area) / 916.50 day gap and 918.50 GBX channel (major area) / 921 day session closing price and 922.60 minor day channel (major area) / 924.50 GBX top and 925.80 day top also 926.50 weekly closing price (major area) / 929.50 day channel and 930.90 major weekly channel (very major area).

Support: For the March contract -

881.70 base and 880.50 minor intra-day channel (major area) / 877 newly developed major day channel and 877 base also 875.50 bottom (major area) / 872.50 minor day channel and 871.80 weekly closing price (very major area) / 868.20 weekly bottom and 866 weekly bottom (very major area) / 862.10 day gap and 857 day bottom (very major area) / 855 and 854 rev. peaks (major area) / 842.50 rev. peak and 840.80 day gap also 837.90 weekly closing price (very major area) / 827.90 day bottom (major area).

Comments:

Thursdays session remained inside the neutral range and closed higher for the day, leaving the chart neutral between 886 and 877 area. A trade above 886 - 887.60 area is slightly bullish but a trade above 889.70 - 891.80 area can bring prices up to challenge the 903 - 904.50 resistance. Only a trade above 903 - 904.50 area can bring any solid bullishness back to the chart. A trade below 877 - 875.50 area is slightly bearish but a trade below 872.50 - 868.20 area can bring prices down to challenge the 862.10 - 857 bottom and possibly near the 840.80 gap area. Remain defensive inside the 886 - 877 neutral area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 885 - 887 area for obj. near 881 - 880 area and possibly near 877. (Use a buy stop and rev. long at 894.70). (Conservative traders can use a protective buy stop at 890.30. Do not rev. long).

Aggressive traders can buy dips near 880 - 877 area for obj. near 885 - 886 area. (Use a sell stop and rev. short at 875).

Buy stop at 894.70 for obj. near 898.50 - 899 and possibly near 901.

Buy stop at 906.50 for obj. near 908.50 - 909.50.

Buy stop at 912.70 for obj. near 916 - 916.50 and possibly near 918.

Sell stop at 875 for obj. near 872.50 - 871.80 area and possibly near 870.

Sell stop at 865.50 for obj. near 862.10 gap and possibly near 860 - 857 bottom area.

Sell stop at 851 for obj. near 845 - 842.50 area and possibly near 840.80 gap.

Bulletin - Originally sent 01/24/03 (10:16 am est)

The market is showing support at the 870 area. Aggressive traders can attempt long positions at 873 to 871 area. (Use a sell stop and rev. short at 865). (Conservative traders can use a protective sell stop at 869). The obj. for this trade is at 880.

Bulletin - Originally sent 01/24/03 (10:52 am est)

Traders holding long positions taken at 872, continue to use a sell stop and rev. short at 865. The new obj. to complete this trade is at 878 and possibly 882.

Bulletin - Originally sent 01/24/03 (11:59 am est)

The sell-stop was hit at 865.50 putting traders into short positions. The sell-off down to 862.80 is near enough to 862.10 to meet the obj. and complete the trade.

Results: 01/24/03

Bought @ 880 Sold @ 875 = - $1,250.00

Sold @ 875 Bought @ 872.50 = + $ 625.00

Bought @ 872 Sold @ 865 = - $1,750.00

Sold @ 865 Bought @ 862.80 = + $ 550.00

TOTAL (P & L) - $1,825.00

The week in review - 01/27/03 - 01/31/03

The Tech Guru's S & P Day Trading Recommendations

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Monday 01-27-03 : 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.

Resistance: For the March contract -

863.30, 864.30 and 864.50 peaks (major area) / 870.50 and 870.70 peaks (major area) / 875.30 day channel and 879.50 GBX channel (very major area) / 882.50 day top to 883 day gap also 885.50 GBX top (major area) / 889.70 day top and 891.80 GBX top (major area) / 897.50 minor day channel and 898 peak (very major area) / 900.20 minor day channel with GBX prices and 903.10 weekly closing price (major area) / 905.50 and 905.90 tops also 909.50 day top (major area).

Support: For the March contract -

857.60 weekly bottom and 857 day bottom (very major area) / 842.50 rev. peak and 841.60 weekly closing price from 9/19/02 also 840.80 day gap (very major area) / 838.50 weekly chart closing price and 837.90 March contract weekly closing price (major) / 827.90 day bottom on the March contract and 827.90 weekly chart bottom (very major area) / 824.60 weekly closing price (major area) / 816 day bottom also 814.10 monthly closing price on the March contract and 815 monthly chart closing price (very major area).

Comments:

The sell-off on Friday brought prices down to the 857 bottom, which is considered support but the weekly closing price being the lowest in the last 15 weeks leaves the chart in bearish condition for prices to challenge the 840.80 gap area. A trade below the 840.80 - 837.90 area can bring prices down to challenge the 815 - 814.10 area and possibly near the 801.70 gap. A trade above the 875.30 and 879.50 area is slightly bullish but only a trade above 900.20 - 903.10 area can bring any solid bullishness back to the chart. Remain defensive inside the 863.30 - 842.50 wide neutral trading range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 862 - 863 area for obj. near 854 - 851 area. (Use a buy stop and rev. long at 867.30).

If the market opens below 854, then sell rallies near 855 - 857 area for obj. near 846 - 843 area and possibly near 840.80 gap. (Use a buy stop and rev. long at 867.30).

Very aggressive traders can attempt long positions near 842.50 - 840.80 area for obj. near 849 - 851 area and possibly near 853. (Use a sell stop and rev. short at 835).

Buy stop at 867.30 for obj. near 871 - 875 area and possibly near 878 - 879 area.

Sell stop at 835 for obj. near 830 - 828 area.

Bulletin - Originally sent 01/27/03 (9:52 am est)

Short positions were taken at 855 for an obj. near 846. Conservative traders can now use a protective buy stop at 862, but do not rev. long. The buy stop and rev. long still remains at 867.30.

Bulletin - Originally sent 01/27/03 (10:16 am est)

The rally up to 863 put traders into short positions according to the first trade listed. The obj. is 854 at this time. Traders holding short positions from 855 taken this morning, should exit at 854 and scratch the trade. (Continue to use a buy stop and rev. long at 867.30).

Bulletin - Originally sent 01/27/03 (12:51 pm est)

Long positions were taken on the very aggressive trade at 842.50. The rally up to 849 meets the obj. and completes the trade.

Results: 01/27/03

Sold @ 855 Bought @ 854 = + $ 250.00

Sold @ 862.50 Bought @ 854 = + $2,125.00

Bought @ 842.50 Sold @ 849 = + $1,625.00

TOTAL (P & L) + $4,000.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Tuesday 01-28-03 : 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.

Resistance: For the March contract -

850.50 and 851 peaks (major area) / 854, 856.50 and 857.50 also 857.50 minor intra-day channel (major area) / 864 day top (major) / 868.10 minor day channel and 869.90 GBX channel (very major area) / 875.30 weekly channel (very major area) / 882.50 day top to 883 day gap also 885.50 GBX top (major area) / 889.70 day top and 891.80 GBX top (major area) / 896.50 minor day channel (very major area).

Support: For the March contract -

843.50 newly developed day channel and 842.50 bottom (major area) / 841.20 down channel and 840.80 day gap also 838.50 and 837.90 weekly closing prices (very major area) / 832 and 831 down channels also 827.90 day bottom (very major area) / 824.60 weekly closing price (major area) / 816 day bottom also 814.10 monthly closing price on the March contract and 815 monthly chart closing price (very major area) / 809 rev. peak and 804.90 weekly closing price (major area) / 801.70 day gap (major area).

Comments:

The sell-off on Monday brought prices down to the open gap area at 842.50 - 840.80, which proved to stimulate some buying, but overall keeps the chart in bearish territory. A trade above 857.50 today is slightly bullish but only a trade above 869.90 and 875.30 areas can bring any solid bullishness back to the chart. A trade below 841.20 - 837.90 area is bearish that can bring prices down to challenge the 832 - 831 area and possibly near the 815 monthly closing area. Remain defensive inside the 857.50 - 837.90 trading area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 854 - 857 area for obj. near 849 - 846 area. (Use a protective buy stop and 860.70. Do not rev. long).

Very aggressive traders can attempt long positions near 843.50 - 841.50 area for obj. near 846 and possibly near 849. (Use a sell stop and rev. short at 836).

Sell stop at 836 for obj. near 833 - 831 area.

Sell stop at 826 for obj. near 822 - 818 area and possibly near 815.

Bulletin - Originally sent 01/28/03 (9:48 am est)

The rally up to 854 put traders into short position. Continue to use the protective sell stop at 860.70 and look for an obj. near 849.

Bulletin - Originally sent 01/28/03 (10:03 am est)

The sell-off down to 849.80 meets the obj. and completes the first trade.

Results: 01/28/03

Sold @ 854 Bought @ 850 = + $1,000.00

TOTAL (P & L) + $1,000.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Wednesday 01-29-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

855.60 minor day channel and 856.50 intra-day gap (major area) / 858.50 intra-day channel and 859.80 day top also 860.30 weekly closing price (major area) / 861 and 862 day channels also 864 day top and 864.50 peak (very major area) / 868 intra-day channel and 870.70 peak (major area) / 873.50 rev. base and 875.30 weekly channel (very major area) / 882.50 day top and 883 day gap also 885.50 GBX top (major area) / 889.70 day top and 891.80 GBX top also 892.50 day channel (very major area).

Support: For the March contract -

852 and 851.30 base also 851.50 minor day channel (major area) / 847.10 minor day channel with GBX prices and 847 day bottom (very major area) / 844.80 GBX bottom and 843.50 major day channel also 842.50 day bottom (very major area) / 840.80 day gap and 840 down channel also 838.50 and 837.90 weekly closing prices (very major area) / 827.90 weekly bottom and 827.50 down channel (very major area) / 816 day bottom also 815 monthly chart's closing price (very major area) / 805 rev. peak and 804.90 weekly closing price also 801.70 day gap (very major area).

Comments:

Tuesday's session remained inside the neutral range. The rally and higher close now leaves the chart neutral to slightly bearish and subject to swings between the 856.50 and 837.90 neutral range. A trade today above 862 - 864.50 area is slightly bullish and can bring prices up to challenge the 870 - 875.30 resistance area. A trade above 875.30 will be considered a breakout for higher prices to follow. A trade below 837.90 area is bearish and can bring prices down to challenge the 827.90 bottom and possibly near the 815 - 805 area. Remain defensive inside the 856 - 837.90 neutral trading range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 855 - 856 area and if possible near 860 for obj. near 851 - 849 area and possibly near 847. (Use a buy stop and rev. long at 868.50). (Conservative traders can use a protective buy stop at 863. Do not rev. long)

Sell stop at 845.80 for obj. near 840 and possibly near 838.50 area.

Sell stop at 834.80 for obj. near 830 - 827.90 area.

Buy stop at 868.50 for obj. near 870.50 - 873 area and possibly near 875.

Buy stop at 879 for obj. near 881 - 883 gap area and possibly near 885.

Very aggressive traders can attempt long positions near 838.50 - 837.90 area for obj. near 842 - 844 area and possibly near 845. (Use a sell stop and rev. short at 834.80).

Bulletin - Originally sent 01/29/03 (9:52 am est)

The sell stop was hit at 845.80 putting traders into short positions. The 843.50 is proving to hold support at this time that can stimulate rallies.

It is recommended to exit all short positions near the 846 - 845 area and scratch the trade.

NOTE: The 855 area is still considered a selling area.

Results: 01/29/03

Sold @ 845.80 Bought @ 845.80 = $ -0- bought as per bulletin

Sold @ 853.50 Bought @ 849 = + $1,125.00

Sold @ 860 Bought @ 860.70 = - $ 175.00

TOTAL (P & L) + $ 950.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Thursday 01-30-03 : NOTE: After each support and resistance listed will designate a value - (very major) holds the highest importance, then (major), (very significant), and (significant) is of the least value. Very aggressive trades - are trades that are against the trend or a high dollar risk when wide stops are used. "The Golden Rule" - Do not use a buy stop inside a sell area or a sell stop inside a buy area. The word NEAR can be 1/2 to 1 point from a price listed in any trade to enter or complete a trade.

Resistance: For the March contract -

860.70 day channel and 861.50 intra-day channel also 862.90 minor day channel (major area) / 865 and 866 peaks also 866 intra-day channel and 867.80 day top (major area) / 870.50 and 872.90 peaks also 875.30 weekly channel (very major area) / 882.50 day top and 883 day gap also 885.50 GBX top (major area) / 878.50 minor day channel also 889.70 day top and 891.80 GBX top (very major area) / 897.20 and 898 intra-day peaks (major area) / 903.10 weekly closing price also 905.50 weekly top (very major area).

Support: For the March contract -

857 intra-day channel also 857 and 855 base (major area) / 850 and 849.30 base area (major area) / 844.50 major day channel and minor channel also 843.50 and 842.50 bottoms (very major area) / 840.80 day gap and 838.50 down channel also 838.50 and 837.90 weekly closing price (major area) / 832 weekly down channel and 827.90 weekly bottom (very major area) / 816 day bottom also 815 monthly chart's closing price (very major area) / 805 rev. peak and 804.90 weekly closing price also 801.70 day gap (very major area).

Comments:

The whiplashing action and rally on Wednesday remained inside the neutral range. The market closed up for the second day in a row, taking some bearishness out and leaving the chart neutral between the 875.30 major resistance and the 844.50 major support. A trade above 875.30 will be considered a breakout for prices to challenge the 883 gap and 888.50 resistance. A trade today below 850 is slightly bearish but a trade below 844.50 - 842.50 area can bring prices down near the 932 - 927.90 area and possibly near the 915 monthly close. Remain defensive inside the 866 - 857 neutral range and also the 875.30 - 844.50 wide major neutral range.

Day trades: For the March contract -

Aggressive traders can sell rallies near 864 - 866 area for obj. near 861 - 858 area. (Use a protective buy stop at 868.70. Do not rev. long).

Aggressive traders can buy dips near 851 - 849 area for obj. near 855 and possibly near 857. (Use a sell stop and rev. short at 846.80).

Aggressive traders can sell rallies near 873 - 875 area for obj. near 868 - 866 area. (Use a buy stop and rev. long at 878.30).

Sell stop at 846.80 for obj. near 844.50 and possibly near 843.50.

Sell stop at 841.80 for obj. near 838.50 - 837.90 area.

Sell stop at 834.90 for obj. near 832 - 828 area and possibly near 825.

Buy stop at 878.30 for obj. near 881 - 883 area.

Buy stop at 893.30 for obj. near 897 - 898 area and possibly near 901.

Bulletin - Originally sent 01/30/02 (12:44 pm est)

The sell-off to 851.50 put traders into long positions. The market failed to reach the obj. at 855 showing resistance and stopping at 853.50.

It is recommended for traders to exit the long position at scratch the trade. The market is trading at 852 at this time.

Bulletin - Originally sent 01/30/02 (3:34 pm est)

Short positions were taken with the sell stop at 846.80 putting traders short. The sell-off to 844.50 meets the obj. and completes the trade.

Results: 01/30/03

Sold @ 864 Bought @ 860 = + $1,000.00

Bought @ 851.50 Sold @ 852.50 = + $ 250.00

Sold @ 846.80 Bought @ 844.50 = + $ 575.00

TOTAL (P & L) + $1,825.00

thetechguru.com

A TECHNICAL GUIDE FOR DAY TRADING THE S & P

S & P - For Friday 01-31-03 : 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.

Resistance: For the March contract -

843 and 845 peaks also 843 intra-day channel (major) / 847.80 peak and 848.50 intra-day channel (very major area) / 854.50 and 855.70 peaks (major area) / 857.50 day channel and 860.30 day session close also 861.20 minor day channel (very major area) / 864.50 and 867.80 day tops (major area) / 875.30 weekly channel (very major area) / 882.50 day top to 883 day gap also 884.50 minor day channel and 885.50 GBX channel (major area).

Support: For the March contract -

838.50 and 837.90 weekly closing prices also 837.20 down channel and 836 GBX bottom (very major area) / 832 weekly down channel and 827.90 weekly bottom (very major area) / 816 day bottom also 815 monthly chart's closing price (very major area) / 805 rev. peak and 804.90 weekly closing price also 801.70 day gap (very major area).

Comments:

The sell-off on Thursday from the neutral area brought prices down to a very major support area but managed to close at the low leaving the chart in bearish condition for possible lower prices. A trade today above the 847.80 - 848.50 area is slightly bullish but only a trade above 857.50 and 861.20 area can bring any solid bullishness back to the chart. A trade below the 838.50 - 836 area is bearish and can bring prices down to challenge the 932 - 927.90 area and possibly near the 815 monthly close. Remain defensive inside the 848.50 - 837 trading area and also the wide 857.50 - 832 major trading area.

Day trades: For the March contract -

Aggressive traders can sell rallies near 843 - 847 area for obj. near 838.50 - 837 area. (Use a buy stop and rev. long at 851.50).

Very aggressive traders can attempt long positions near 838.50 - 837 area for obj. near 843 - 845 area. (Use a sell stop and rev. short at 835).

Buy stop at 851.50 for obj. near 854.50 - 857 area.

Buy stop at 868.50 for obj. near 873 - 875 area.

Sell stop at 835 for obj. near 832 and possibly near 828 area.

Sell stop at 823 for obj. near 819 - 815 area.

Bulletin - Originally sent 01/31/02 (9:33 am est)

Very aggressive trade came to play with a buy at 838. The obj. still remains at 843 and continued to use a sell stop and rev. short at 835.

Bulletin - Originally sent 01/31/02 (9:36 am est)

The rally up to 841.50 is showing resistance and can possibly fail to meet the obj. at 843 for long positions. It is recommended for traders to exit the long position at 841 and take profits.

Bulletin - Originally sent 01/31/02 (10:15 am est)

The sell-stop was hit at 851.50, putting traders into long positions. Since the obj. was not met at 855, instead proved resistance at 852.50.

It is recommended for traders to exit the long position at 849 - 851 area and scratch the trade. The stop and rev. short at 835 is still in effect. (Conservative traders can use a protective sell stop at 841 to protect this long position).

Bulletin - Originally sent 01/31/02 (10:56 am est)

The long position from 851.50 was complete with a loss at 849. The major resistance is at 855 - 857 area where short positions can be considered.

Aggressive traders can sell rallies near 855 - 857 for obj. near 849 - 846 area and possible near 845. (Use a buy stop and rev long at 868.50). (Conservative traders can use a protective sell stop at 864.70).

NOTE: The market now remains totally neutral between 849 and 840. Whiplashing can develop to both sides until a direction is established. Remain overall bearish until the market can prove otherwise.

Bulletin - Originally sent 01/31/02 (1:59 pm est)

The rally up to the 855 - 857 area put traders into short positions. The obj. remains near 849 - 846 area and possibly near 845. Continue to use a buy stop and rev. long at 868.50.

Bulletin - Originally sent 01/31/02 (3:18 pm est)

The sell-off down to 849.80 is near the obj. of 849 to complete the trade and take profits for the short position.

Results: 01/31/03

Bought @ 838 Sold @ 841 = + $ 750.00 sold as per bulletin

Sold @ 845 Bought @ 851.50 = - $1,625.00

Bought @ 851.50 Sold @ 849 = - $ 625.00 sold as per bulletin

Sold @ 856 Bought @ 850 = + $1,500.00

TOTAL (P & L) $ -0-

The Tech Guru, Inc. 52-56 West Main Street Luray, VA 22835 540-843-GURU (FAX) 540-743-4056

Send mail to webmaster@thetechguru.com with questions or comments about this web site.
Copyright © 2000-2006 The Tech Guru, Inc.
Last Modified: December 19, 2006

The Tech Guru, Inc. 52-56 West Main Street Luray, VA 22835 540-843-GURU (FAX) 540-743-4056

Send mail to webmaster@thetechguru.com with questions or comments about this web site. Copyright © 2000-2006 The Tech Guru, Inc. Last Modified: December 19, 2006

Send mail to webmaster@thetechguru.com with questions or comments about this web site.
Copyright © 2000-2006 The Tech Guru, Inc.
Last Modified: December 19, 2006