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


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This report was sent to subscribers on 3/9/10 6:00 p.m. Chicago time to be used for trading on 3/10/10. Everything is done by Howard Tyllas, no program or black box.

Results for 3/10/10 were:

Grains: My soybean resistance was $.02 1/4 from the actual high and my support was $.02 from the low, and my corn resistance was $.01 1/4 from the actual high, and my support was $.01 from the actual low.

Crude Oil: My resistance was 0.52 from the actual high; my support was 0.65 from the actual low.

S&P: My resistance was the EXACT actual high; my support was 2.00 from the actual low.

Gold: My resistance was the $3.20 from the actual high; my support was $9.00 from the actual low. 

Euro:  My resistance was 0.57 from the actual high; my support was 0.47 from the actual low.

Bonds: My resistance was the EXACT actual high; my support was 3 from the actual low. 

Nat. Gas: My resistance was .002 from the actual high; my support was .018 from the actual low.   

Cattle: My resistance was .30 from the actual high; my support was .15 from the actual low. 

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 3/10/10: My resistance was 1148.00, the EXACT actual high, and my pivot acted as support and was 1138.75, just 1.00 from the actual low.

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1174.00                          Monthly Chart Resistance 

1148.00                            Resistance

  ------------1138.75        Pivot

1129.50                         

1121.50                        

    Use the same numbers as used on 3/ 8 & 9 /10

Trend     

5 day chart ......       Up                      

Daily chart   ......... Up           

Weekly chart ........ Sideways        

Monthly chart ...... Sideways 1034.70 the 200 DMA                              

ATR 12.20                Overbought 89%

I continue to 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 3/10/10: 

In my daily numbers on Tuesday; my resistance was 2.75 from the actual high, my support was 2.00 from the actual low. 

Who needs fundamentals when you have numbers like these? 

S&P: Spot on numbers. I look for the same range for today, same thoughts, same numbers.

March S&P for 3/9/10: 

S&P: Was Monday a vacation day? Market traded 5.50 from high to low. I cannot remember when that last happened. Same numbers and thoughts as yesterday.

March S&P for 3/8/10:

S&P: Spot on resistance off 2 ticks and helpful support. I will still take the pivot trades on either side. For the week ahead I think if we can get past the 1148 resistance, next stop will be the monthly chart resistance of 1174. Key support is found at the uptrend line and bracket line support. I have no trouble buying or selling this market using the numbers to guide me.

Want to know what I think for tomorrow and going forward?

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.

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

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           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.



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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

                                                 

                        

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