This report was sent to subscribers on 8/16/10 6:30 p.m. Chicago time to be used for trading on 8/17/10. Everything is done by Howard Tyllas, no program or black box.

September S&P

After the close recap on 8/17/10: My resistance was 1098.00, just .50 (2 ticks) from the actual high, and my pivot acted as support and was 1070.50, 4.00 from the actual low

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All charts and numbers for 8/18/10 have already been sent to subscribers at 6:10pm. 

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Resistance is 1090, and then at 1098.00. Bracket line is pivotal at 1075.00, and the downtrend line which acts as support at 1050.75".

September S&P for 8/17/10:

In my daily S&P numbers on Monday; my pivot acted as resistance and was 1.75 from the actual high, my support was 4.25 from the actual low.

S&P: Spot on resistance and accurate support numbers. The first 15 minutes of open outcry shows all 5 minute bars were on both sides of my first support but at 8:45am a bar above my first support was a buy and spot on. 20 minutes later 1071 was tested once again (1070.50 was my first support) and held. At 11:40 the market was at 1080.75 and the trade was never at risk of being stopped out. At 2:15 we traded back down to 10.72.75, so there was something for everyone (bears and bulls) if you were patient enough for a good entry price for what you wanted to do. I would like to critique all the markets I cover but time will not allow me to do so, I am already late writing this part 2. I want to trade the numbers without bias again and risk 3.50 on any trade idea.

New Subscribers: Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.

If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation

September S&P for 8/16/10:

S&P: Spot on numbers! The trade idea to trade without bias risking 3.50 on a trade continues to work well. No chance of getting stopped out when the numbers are off by only 1.50 and the first support and resistance number hold. The pivot trade has more chance of being stopped out.

Results for 8/16/10 were:

Soybeans: My resistance was .00 1/2 from the actual high; my support was .00 1/4 from the actual low.

Corn:    My resistance was .03 1/2 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was .18 from the actual high; my support was .16 from the actual low.

S&P:    My resistance was 1.75 from the actual high; my support was 4.25 from the actual low. 

Gold:     My resistance was $4.30 from the actual high; my support was $3.10 from the actual low. 

Euro:    My resistance was .40 from the actual high; my support was .24 from the actual low. 

Bonds: My resistance was 13 from the actual high; my support was 7 from the actual low. 

Nat. Gas: My resistance was .020 from the actual high; my support was .014 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .25 from the actual low. 

September S&P for for 8/13/10:

S&P: Spot on numbers with my support catching the market within 2 ticks (.50) from the low. Trading the numbers without bias was a good idea, and always is if the numbers are spot on and the first support and or resistance numbers hold. I want to trade without bias and risk 3.50 on a stop to protect if the trade idea does not work.

Results for 8/12/10 were:

Soybeans: My resistance was .03 from the actual high; my support was .00 1/2 from the actual low

Corn:    My resistance was .03 3/4 from the actual high; my support was .02 1/2 from the actual low. 

Crude Oil: My resistance was .10 from the actual high; my support was .33 from the actual low.

S&P:    My resistance was 3.00 from the actual high; my support was .50 from the actual low. 

Gold:     My resistance was $3.50 from the actual high; my support was $1.40 from the actual low. 

Euro:    My resistance was .55 from the actual high; my support was .48 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 16 from the actual low. 

Nat. Gas: My resistance was .007 from the actual high; my support was .021 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .02 from the actual low. 

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

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                     Howard Tyllas            

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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.