This report was sent to subscribers on 1/13/10 6:00 p.m. Chicago time to be used for trading on 1/14/10. Everything is done by Howard Tyllas, no program or black box.
January Soybeans
After the close on 1/14/10: My resistance was 1148.00, just 1.00 from the actual high, and my pivot acted as support and was 1137.50, .75 (3 ticks) from the actual low.
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On Thursday 1/14/10 my numbers were:
Grains: My resistance was the Exact high and my support was $.03 3/4 from the low in soybeans, and and my resistance was the exact high and my support was $.03 1/2 from the low in corn.
Crude Oil: My resistance was 0.08 from the actual high, my support was 0.55 from the actual low.
S&P: My resistance was 1.00 from the actual high, my support was 0.75 (3 ticks) from the actual low.
Gold: My resistance was $7.20 from the actual high; my support was $4.10 from the actual low.
Euro: My resistance was 0.22 from the actual high; my support was 0.34 from the actual low.
Bonds: My resistance was 1 from the actual high; my support was the EXACT actual low.
Natural Gas: My resistance was .049 from the actual high; my support was .048 from the actual low.
Cattle: My resistance was the EXACT actual high, my pivot acted as support and was .15 from the actual low.
1153.00 |
1148.00 |
-------------1137.50 Pivot |
1127.00 |
1110.75 FG 12/31/09 Settlement Price |
|
Trend |
5 day chart ......... Up |
Daily chart ......... Up |
Weekly chart ........ Sideways |
Monthly chart ...... Sideways 990.00 the 200 DMA |
ATR 11.10 Overbought 85% |
I continue to say "Bullish chart with bracket line (red), and uptrend line (green) is key support near 1107".
You need not waste time to have confidence in these lines. As you can see with up and downtrend lines, you connect the lows to make uptrend lines, connect the highs to get the downtrend lines.
March S&P for 1/14/10:
In my daily numbers on Wednesday; my resistance was 2.25 from the actual high, my support was 2.25 from the actual low.
Who needs fundamentals when you have numbers like these?
Commentary for 1/14/10
S&P: Accurate numbers being off 2.25 from the actual high and low. I want to sell rallies and look to buy back at 1131.
Commentary for 1/13/10
S&P: Accurate resistance but support was off 5.25. I still have a bearish bias for this market and want to sell rallies.
Commentary for 1/12/10
S&P: Helpful numbers. I have the same thoughts as before and want to sell near 1150. Market is getting tired and a pullback to first support is in order.
Commentary for 1/11/10
S&P: Helpful numbers. I continue to have the same thoughts about this market grinding higher. Since the market is extremely overbought at this time, I prefer to sell a rally near 1150.
Commentary for 1/8/10
S&P: Helpful numbers at best. I have the same thoughts of the market grinding higher.
Commentary for 1/7/10
S&P: Accurate numbers. Same thoughts as before.
Commentary for 1/6/10
S&P: Helpful numbers at best. ATR is now only 11.00 and I cannot remember the last time trading that small a range. When I left the trade floor in 2000 to trade professionally only the S&P's and Nasdaq as a day trader on a screen for the largest proprietary trading firm on the NYSE and Nasdaq (did that until 2003), my guess for the ATR since then on average is 18.00, and I certainly remember many a month with 35.00 ATR and the normal movement from our settlement to when you would wake up in the morning was 10.00.
I can see with that non volatile ATR, the market will be more of a grind it out type trade, and marching in 1 direction. Extremely overbought for days speak of the strong buying but I am looking for a pullback. I do not have a problem to get long above the pivot, or sell just under the pivot. Unless an event occurs, I m not looking for much today. Using a 5 minute bar chart helps me in day trading using my numbers.
Want to know what I think for tomorrow?
The 9 markets now covered daily are January soybeans, March corn, February crude oil, March S&P, March Euro FX, March 30 yr TBond, February gold, and February natural Gas and February cattle
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Howard Tyllas
Tel.1-312-573-2699, 1-312-961-4390
Disclaimer: No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.
