rounded corner
rounded corner
top border

March S&P Daily Numbers & Trade Ideas for 3/5/10


Bookmark and Share

This report was sent to subscribers on 3/4/10 5:00 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 S&P

After the close on 3/5/10: My resistance was 1139.25, just .50 (2 ticks) from the actual high, and my pivot acted as support and was 1115.75, 5.75 from the actual low.

Subscribe now! See for yourself why the second year of service had quadrupled my subscriber base

 We cannot post every market, if you are interested sign up for free & get "how I use my numbers".

  Sign up For Free 1 Day Trail of Daily Numbers & Trade Ideas

1139.25                           Resistance

1128.00

  ------------1115.75        Pivot

1103.50 FG                         

1090.00                          

Use the same numbers as used on 3/ 2 & 3 & 4 /10

Trend     

5 day chart ......       Up                      

Daily chart   ......... Sideways         

Weekly chart ........ Sideways        

Monthly chart ...... Sideways 1030.70 the 200 DMA                              

ATR 13.00                Extremely Overbought 96%

 

I still say "Bracket line then uptrend lines support, and January highs resist".

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 3/5/10: 

In my daily numbers on Thursday; my resistance was 4.50 from the actual high, my pivot acted as support and was 1.75 from the actual low.           

S&P: Accurate numbers. Extremely Oversold. Same numbers, same thoughts.

March S&P for 3/4/10: 

S&P: Spot on numbers! Chart looks like it should repeat Wednesday's action, and again I would take any trade at the pivot risking little, as was accomplished yesterday.

March S&P for 3/3/10: 

S&P: Helpful resistance and accurate support. Same thoughts as yesterday.

March S&P for 3/2/10: 

S&P: Spot on resistance and accurate support. Selling at resistance ran out of time. I would look for a trade at the pivot no matter sell or buy signal today.

March S&P for 3/1/10: 

S&P: Accurate resistance and helpful support. Same thoughts as Friday. We are at the resistance as seen on the chart at the downtrend line and bracket line that was perfect resistance on Friday. I trade my ideas by using my numbers.

Want to know what I think for tomorrow?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and  Natural Gas and Cattle

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Lebanon, Switzerland, South Korea and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

HowardTyllas A Weekly Newsletter $479.00 Yearly

 

           May Your Next Trade Be The Best                          

                     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.



Recent articles from this author



About the author


Currently a member of The Chicago Board of Trade (CBOT) and registered with the Commodity Futures Trading Commission (CFTC) as a floor broker and as a Commodity Trading Advisor (CTA) and a member of the National Futures Association (NFA). I started my career in 1973 on The Chicago Mercantile Exchange trading floor working for a major firm. Three years later I purchased my first membership and began what would become a thirteen-year commitment to trading soybeans for my own account on the trading floor. I began trading options on futures since their inception in Chicago about twenty years ago; doing so, I traded in various pits on the trade floor. 

One of the major lessons that I have learned from all my years of experience is that knowledge is an important condition for the possibility of successful trading. Knowledge gives you a better chance to succeed by eliminating obvious mistakes: with it, you will never find yourself shamefully uttering, “If I only took the time to learn”.  
         
I want to save you from such regrets by teaching you where the danger is, what it looks like, and how to go around it, while still keeping an eye on your destination of success. In short, I will teach you how to combat error with knowledge.
       
My mission is to educate you, giving you my 39 years experience, wisdom, and knowledge from which you will then be able to use and benefit from at will.

I know what will help you make money, and I know what will insure failure. Use my services and prevent, “If I only knew”.  
  

Howard Tyllas

Futures trading involves the substantial risk of loss and may not be suitable for all investors. Past performance does not mean future results.

If you have a question, or comment, email me dailynumbers@futuresflight.com

Visit my website www.futuresflight.com

                                                 

                        

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.

Copyright ©2005-2012 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement