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The 5th Year of Accuracy - Daily Market Direction Bulletin & WarRoom

January 2003

FREE TRIAL: First Two Wednesdays

USER CODE: sp500, PASSWORD: guru

( $$ = Proven right direction/Trades in profit. ! = one of trades stopped out with 1 point.

Attempt trade for 01/31/2003 Friday<!/$$$$$>

After 8:00AM, Stop 842.7, buying bias, target 854.
Final hour, Stop 858, shorted from 857, target 849.

Attempt trade for 01/30/2003 Thursday<!/$$$$$>

We bought at globex from 859 with 857.50 stop and took profit 865.

At opening: Stopped out 1 point and reversed to short side from 859 with 0.75 risk and added short from 857 and shorted again 855 for target 847.50 followed by trailing. Big profit day.

Attempt trade for 01/29/2003 Wednesday<!/$$$$$>

 

Attempt trade for 01/28/2003 Tuesday<!/$$$$$>

As said before Monday close: Stop 843.75 target 853-856.
It has been achieved. Long side take profit.

Agg trade at Globex: Use 856.75 stop, reverse to short side for target 850-852.

Buy side: reverse short to long at 847-848 for target 856-857 again.

Attempt trade for 01/27/2003 Monday<!/$$$$$>

At opening we got stopped out 1 pt and reversed to short side from 860 area and took profit 853 after 7:00AM; buy side stopped out 0.75 and reversed to short again at 857, took profit at 846-847 area.
Midday: Shorted again from 850, took profit at 844, and reversed to buy side from 843.50 with 1 point stop, target 853-856 before 7:45 AM Tuesday.

Attempt trade for 01/24/2003 Friday<!/$$$$$>

Resistance 887 at Globex, selling bias, target 872 and MOC down day, MOC down week. We called major target 855-857 from last week's 926 violaton.

Intraday: Buy side scalping got stopped out by 1 point and reversed to short at 878. Midday buy sclaping 868 to 871. After long scalping, shorted again 870 for 867.50 target. Buy scalping 866.50 stopped out 0.75 followed by breakout; shorted agian . Final hour short covering 858 and shorted again 863 and MOC.

[Result: Globex high 885.50, day low 857.50, close 860.50]

Attempt trade for 01/23/2003 Thursday<!/$$$>

Before Wednesday close: We called Thursday a buying bias day with 873 stop buying bias.

At opening: We shorted 3 times with profit.

Mid-day: We tried to short and got stopped out a couple of times with 1 point.

Afternoon: We expected a closing range either 888 or 883, so we shorted 887.50 final 1/2 hour with 888.25 stop and target 883 achieved.

[Result: High 889.7, Low 876.50, close 883]

Attempt trade for 01/22/2003 Wednesday<!/$$$$$>

We covered our short position yesterday and reentered the short again 891.50 with 893 stop, for target 875. We made big profit today. Only one buy stopped out with 1 point.

[Result: High 891.7, Low 876, close 877.50]

Attempt trade for 01/21/2003 Tuesday<!/$$$$$$>

At opening: Our long stopped out with 0.5 loss and reversed to short from 901.50 for target 892.

Midday: Shorted again with 897 stop, target 890-888. Expected close 888.50

[Result: Day High 904.50, Low 886.50, close 888.50]

Attempt trade for 01/20/2003 Monday<Market closed for MLK Holiday>

Attempt trade for 01/17/2003 Friday<!/$$$$$>

We bought from 905 with 904 stop, took profit at 908; bought again 905, and at 909.50 we also gave a short signal with 910.25 stop, took profit at 900.

Midday: Shorted again 901.50 with 902.50 stop, took profit 898.50

Final trade: Shorted again 901-902 and stopped out with 1 point.

[Result: Day High 909.50, Low 897.50, close 903.2]

Attempt trade for 01/16/2003 Thursday<!/$$$$$>

Trading range 922~911, buy low, short high.

In the morning: We got one trade stopped out with 1 point loss and made some small profitable trades afterwards.

Afternoon Trade: Stop 910.50, buy 911.50, target 920-922 gap up open.
[Result: High 925, Low 910.50, close 916]

Attempt trade for 01/15/2003 Wednesday <Day for Free Trial>

Attempt trade for 01/14/2003 Tuesday<!/$$>

Support 922, buying bias, target 931

[Result: High 931.50, Low 920.50, close 929.50]

Attempt trade for 01/13/2003 Monday<$$$$$>

Our buy side trade at opening: stop 930, bought 930.75, target 933 achieved.

Then shorted from 929 area with 1 point stop, target923 achieved

[Result: High 935, Low 920.7, close 927]

Attempt trade for 01/10/2003 Friday<!/$$$$$>

Globex trade: After midnight, Stop 922.7, buying bias, target 930

At opening short side stopped out with 0.75 point and we reversed to buy side from 921 with 920 stop and made big profit; then reversed to short side from 930 with 1 point risk and took profit at 924 target.

[Result: High 933, Low 915, close 917]

Attempt trade for 01/09/2003 Thursday<!/$$$$$>

At opening short side stopped out with 0.75 point and we reversed to buy side from 916.25 with 915.25 stop and made big profit.

Midday, scalped short from 924 area and took profit at 920.5 and reversed to buy side from 920.50 again with 920 stop....

Attempt trade for 01/08/2003 Wednesday<!/$$$$$>

Our short side stopped out twice with 0.75-0.50 loss each. After 8:00AM PST we successfully shorted from 920.50 with 921.25 stop with big profit.

[Result: High 920.50, Low 907.2, close 910.50]

Attempt trade for 01/07/2003 Tuesday<$$$$$>

Trading range 930-920, buy low, short high. Expected close 923.

[Result: High 930.50, Low 918.7, close 924]

Attempt trade for 01/06/2003 Monday<!/$$$$$>

Support 904, buying bias, next target 915.

At opening: 911 resistance (reversal pivot), if broken, next target 930-933.

[Result: Globex Low 903.7, Day low 906, High 931, close 926]

Attempt trade for 01/03/2003 Friday<$$$$$>

Trading range 911-901, buy low, short high.

Before 7:15: Stop 911.25, we shorted from 910.50, took profit 903

After 8:15: We shorted again 906.5 with 907.25 stop, took profit 903 again.

After 10:00 We bought 904.5 with 903 stop, took profit 906-908.

After 10:45 We shorted again 905 with 906-907 stop, took profit 902-901

After 12:00 We expected 907 close so we tried to reverse to long at 901 for 907-910 target; 901 not filled (low 901.7)

[Result:High 910.7, low 901.7, close 910]

Attempt trade for 01/02/2003 Thursday <!/$$$$$>

Major support 878, buying bias.

At opening: Stop 883.50, buying bias, target 887; if 887 is broken, next target 908.

Midday: Stop 900, buying at 900.50, target 908.

[Result: Day low 882.50, high 909.7, close 907.7]

Attempt trade for 01/01/2003 Wednesday <New Year >

Happy New Year! Free Trial on 1/8 and 1/15.

No trade for 12/31/2002 Tuesday <On Vocation>

Happy New Year!

No trade for 12/30/2002 Monday<On Vocation>

Happ New Year!

Attempt trade for 12/27/2002 Friday<!/$$$$$$>

Globex: Stop 893, selling bias, target potential gap down open at 884.

Opening trade : Stop 886, sccalp buy side from 887, target890; 890 also a stop for short selling bias, target 882.

Afternoon: Stop 888, selling bias, stopped out by 0.5; shorted again from 885-886, target 879. Then stop 877, reverse to buy side exited 880. Followed by stop 881, selling bias for target 872. Covered 873.75.

Near Close: Stop 876.50, risking 0.75 short again, target MOC down day.

[Result: Globex High 891, open gap down 886.50, day high 889.7 low 871.50, close 871.50]

Attempt trade for 12/26/2002 Thursday<!/$$$$$$>

Morning: Stop 893, buying bias, 2 points risk, target 897, 900; followed by 897 stop, buying bias, risking 1 point, for scalping3 points. (Buy side stopped out 1 point or breakeven)

Midday: Stop 900, give a shot, selling bias with 1 point risk, first target 897; if 897 is broken, short side don't cover before 11:25AM PST, keep the short for 894-93 target, then more trailing to 897 resistance; if 890 is broken, more down side.

[Result: High 893.50, low 885.50, close 891]

 

Attempt trade for 12/25/2002 Wednesday<Christmas Day>

Attempt trade for 12/24/2002 Tuesday<!/$$$$$$>

Trading range 902-890.50

8:15AM Update: Trade for the rest of the day: Expected trading range 897-890 with possiblilty of breaking 890. There are 2 stop levels for short side -- 895.25 and 897. Aggressive trader (BA) using 895.25 with 0.75 risk, conservative trade using 897 stop with 0.75 risk.

[Result: High 895.70, Low 890, close 891.2]

Attempt trade for 12/23/2002 Monday<!/$$$$$$>

At opening : Support 890, resistance 897. Can trade either side.

Morning: stop 896.50, buy 897-898, target 901.

Midday: Stop 898.25, reversed to short side at 897.50, took profit at 893 violation.

Shorted again at 895.5 with 896 stop, took profit at 894 or lower.

[Result: Low 890.20, High 902, close 896.70]

 

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