This report was sent to subscribers on 8/31/10 3:38 p.m. Chicago time to be used for trading on 9/1/10. Everything is done by Howard Tyllas, no program or black box.

September S&P

At 11:20 a.m. on 9/1/10: My resistance is 1080.25, .75 (3 ticks) from the actual high, and my pivot acted as support and was 1054.50, 3.75 from the actual low

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 I continue to say "Bracket line and the downtrend line which acts as support is at 1030.00, bracket line at 1075 is resistance". Middle of the two is 1152.50.

September S&P for 9/1/10:

In my daily S&P numbers on Tuesday; my resistance was 1.50 from the actual high, my support was 1.75 from the actual low.

Who needs fundamentals when you have numbers like these?   

S&P: Spot on numbers. When you have numbers that are off less than 2.00 and using a 3.50 stop, it warrants continuing to trade without bias risking the same amount.

 September S&P for 8/31/10:

In my daily S&P numbers on Monday; my resistance was 7.50 from the actual high, my support was 6.75 from the actual low. 1/2 rule was 7.25 nearly spot on.

S&P: Numbers were no help on Monday which as you know is rare. The chart bracket line was good resistance at 1075 and has been in my chart comments for awhile. The 1/2 way rule was near perfect and could have been considered using a buy stop above 1075 to protect. This is what makes each of us our own captain of the ship. I never tell you what to do, only what I want to do, and how and why I do things; take whatever helps you. I want to day trade using the numbers and risk 3.50 on a 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 8/30/10:

S&P: Spot on numbers! Not taking the buy signal was another missed opportunity. I have a bearish bias now that we are nearing resistance levels, but I would trade the numbers without bias risking 3.50 using a stop to protect.

September S&P for 8/27/10:

 In my daily S&P numbers on Thursday; my resistance was 4.00 from the actual high, my support was 5.75 from the actual low

S&P: Accurate numbers. I realize we are getting near the bracket line support now, but under the current environment I do not want to take the buy signal except to cover a sell. I want to take any sell signal and risk 3.50 using a buy stop to protect. I prefer to sell resistance and would not be as aggressive at the pivot.

September S&P for 8/26/10:

S&P: Spot on numbers! I said I did not want to be aggressive selling near the bracket line support which proved to be more reason to buy when the market provided a buy at my support number early in the open outcry session. Risking 3.50 was never threatened being hit. Look at the 5 minute bar chart and you will see it was an easy trade to hold onto until the end of the day when resistance was seen. I want to continue to day trade using the numbers and risk 3.50 on a trade idea

Results for 8/26/10 were:

Soybeans: My resistance was .01 1/2 from the actual high; my support was .02 1/4 from the actual low.

Corn:    My resistance was .02 1/4 from the actual high; my support was .01 1/2 from the actual low. 

Crude Oil: My resistance was .50 from the actual high; my support was .56 from the actual low.

S&P:    My resistance was 4.00 from the actual high; my support was 5.75 from the actual low. 

Gold:     My resistance was $3.40 from the actual high; my support was $2.30 from the actual low. 

Euro:    My resistance was .34 from the actual high; my support was .08 from the actual low. 

Bonds: My resistance was 5 from the actual high; my support was the EXACT actual low. 

Nat. Gas: My resistance was .025 from the actual high; my support was .015 from the actual low.   

Cattle:  My resistance was .15 from the actual high; my support was .10 from the actual low. 

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                     Howard Tyllas            

   Tel.1-312-573-2699, 1-312-823-9189

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.