rounded corner
rounded corner
top border

September S&P Daily Numbers & Trade Ideas for 9/7/10


Bookmark and Share

This report was sent to subscribers on 9/3/10 11:50 p.m. Chicago time to be used for trading on         9/ 6 & 7 /10. Everything is done by Howard Tyllas, no program or black box.

September S&P

After the close recap on 9/7/10: My pivot acted as resistance and was 1104.50, 2.75 from the actual high, and my support was 1087.75, 1.50 from the actual low

Subscribe now! 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?

S&P numbers for 9/8/10 have already been sent to subscribers at 4:00pm. 

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

Sign Up for Learn a better way to hedge for farmers

1129.50                             200 day moving average

1121.25                            

----------------1104.50        Pivot & downtrend line

1087.75                                   Support

  

  

Trend           

5 day chart ......       Up                                                       

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

Weekly chart ........ Sideways           

Monthly chart ...... Sideways    1107.50 is the 200 DMA                              

ATR 20.90                Extremely Overbought 98%

Bracket line at 1075 is support, downtrend line is pivotal, and bracket line resists at 1143, 1109 is the middle (pivot). (this chart was updated Monday night)

September S&P for 9/7/10:

In my daily S&P numbers on Friday; my resistance was 3.00 from the actual high, my pivot acted as support and was 2.50 from the actual low. 

Who needs fundamentals when you have numbers like these?    

S&P: The 200 day moving average so far has held the market in check on the holiday and tonight's trade.

September S&P for 9/6/10:

S&P: Spot on numbers. Trading without bias continues to work well, and I want to continue with 3.50 stops to protect. This is the 3rd time at the downtrend line which will act as stronger resistance than any time at the line. We could get above it and in this case would be stronger than normal support. 200 day moving average is just above there and will also be pivotal. 

September S&P for 9/3/10:  

S&P: Support was accurate in open outcry but the resistance was no help. I continue to trade without bias and risk 3.50 on any trade idea.

September S&P for 9/2/10:

S&P: Spot on resistance and accurate support. I continue to trade without bias and risk 3.50 on any trade idea.

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

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, 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, Switzerland, South Korea ,Turkey  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

 The weekly service is "Monday only" and comes out usually by Saturday morning so you can prepare for Sunday night and Monday's trade.

Weekly Service: 13 weeks for $129 total subscription fee.

 

           May Your Next Trade Be The Best                          

                     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.



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