This report was sent to subscribers on 3/4/10 6:00 p.m. Chicago time to be used for trading on 3/5/10. Everything is done by Howard Tyllas, no program or black box.
Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?
March 30 year T BOND
After the close on 3/5/10: My resistance and was 119-18, 6 from the actual high, and my support was 118-09, 9 from the actual low.
Results for 3/5/10 were:
Grains: My soybean resistance was $.02 1/4 from the actual high and my support was $.01 3/4 from the low, and my corn resistance was $.00 3/4 from the actual high, and my support was $.01 from the actual low.
Crude Oil: My resistance was 0.37 from the actual high; my support was 0.10 from the actual low.
S&P: My resistance was .50 from the actual high; my support was 5.75 from the actual low.
Gold: My resistance was $2.10 from the actual high; my support was $1.60 from the actual low.
Euro: My resistance was 0.13 from the actual high; my support was 0.33 from the actual low.
Bonds: My resistance was 6 from the actual high; my support was 9 from the actual low.
Nat. Gas: My resistance was .020 from the actual high; my support was .066 from the actual low.
Cattle: My resistance was .27 from the actual high; my support was.05 from the actual low.
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March 30 year T Bond
120-08 |
119-18 Resistance |
--------------119-06 Pivot |
118-26 |
118-09 Support |
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Trend 117-11 is the 200 day MA |
5 day chart..... Up (last week same day) |
Daily chart ......... Sideways |
Weekly chart ........ Sideways |
Monthly chart ...... Up |
ATR 27 Extremely Overbought 90% |
I still say "Bulls charging trying to recapture the uptrend line at February's high which will prove to be resistance, after that is the bracket line resistance (red). Downtrend line will act as support now". Notice how the downtrend did act as support this week.
March 30 year T BOND for 3/5/10:
In my daily numbers on Thursday; my resistance was 2 from the actual high, my support was 10 from the actual low.
Bonds: Spot on resistance and not helpful support. My idea of selling against this year's high of 119-18 is still in play and I would keep the buy stop at 119-20.5 to protect. I was only risking a handful of ticks and it closed at 119-10.
March 30 year T BOND for 3/4/10:
Results for 3/3/10 were:
Grains: My soybean resistance was $.00 1/2 from the actual high and my support was $.00 3/4 from the low, and my corn resistance was $.03 1/4 from the actual high, and my support was $.03 3/4 from the low.
Crude Oil: My resistance was 0.28 from the actual high; my support was 0.07 from the actual low.
S&P: My resistance was 3.00 from the actual high; my support was 0.75 from the actual low.
Gold: My resistance was $2.20 from the actual high; my support was $0.70 from the actual low.
Euro: My resistance was 0.52 from the actual high; my support was 0.02 from the actual low.
Bonds: My resistance was 1.5 from the actual high; my support was the EXACT actual low.
Natural Gas: My resistance was .079 from the actual high; my support was .048 from the actual low.
Cattle: My resistance was .30 from the actual high; my support was .02 from the actual low.
Bonds: Perfect support and spot on resistance. Same numbers, same thoughts.
March 30 year T BOND for 3/3/10:
Bonds: Spot on numbers! Bears jabbed below the downtrend line in an attempt to recapture but failed. This is friendly, what was not is the fact they closed lower. From here to the year's high of 119-18 has been the resistance level that has kept the bulls in check. I would look to sell with a close buy stop to protect (119-20.5). Aggressive bears can sell against the pivot risking only a handful of ticks to protect.
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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.
