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Trade for 04/29/2005 Friday

At Globex: Stop 1147, short side, stopped out 1 pt.

After 7:00 PMI report: Stop 1148.25, buy side. (Stopped out 1 pt)

After stop-out: Stop 1149.75, selling bias, target 1143; 1146.50 stop trailing for 1139.50.

After 8:00: Looks like reversal up. Stop 1145, buy side, target 1148.50; target 1154 not ruled out today. Pulled back buy again. (stopped out)

After 10:00: 1145-46 support buy side, target 1150-1151 before 11:20.

After 11:00: Stop 1144 for the rest of the day, for target 1155.

After 11:50: Stop 1151-1152, buying bias, target 1158.50 (MOC day high)

[Result: Day high 1159.50, day low 1140.25, closed 1158.50]

Trade for 04/28/2005 Thursday

At Globex: 1154 stop, buy side; 1162 stop short side. (Buy side stopped out 1 pt)

After opening: Stop 1150.25, buy side, target 1155, 1157. (Buy side stopped out 1 pt)

Then: Stop 1152.50, short side, take profit 1149.

Short bunce again with 1152.50 stop. (Stopped out 1 pt)

Midday 9:00: Stop 1153, short side, target 1145-46.

Afternoon: Stop 1152.50, selling bias, target 1147;

After profit taking: Then stop 1149.75, selling bias again, target 1143.

[Result: Day high 1157.50, day low 1142.50, closed 1143]

Trade for 04/27/2005 Wednesday

At Globex (MA member): Stop 1157, short side; stop 1145 for buy side.

After opening: Stop 1145, buying bias, target 1151; then buy pull back again with 1148 stop for target 1160

[Result: Globex low 1150, Globex high 1156, day low 1145.25, day high 1161.50, closed 1157.50]

Trade for 04/26/2005 Tuesday

At Globex: Stop 1161, buy side. (stopped out)

After 8:00: Try to short big SP 1166-1167 with 1167.75 stop

After 10:00: Stop 1163.50, selling bias, target 1159, 1157, 1155.

Afternoon: Stop 1159.75, selling bias, target 1153-1152

Final 30 mins: Stop 1157, selling bias, target 1152.

[Result: Globex low 1158.75, Globex high 1165, day low 1152.50, day high 1166 (Big SP high 1167), closed 1153]

Trade for 04/25/2005 Monday

At Opening: Stop 1160.50, short side. (stopped out 1 pt)

After 6:35: Stop 1161.50 again, short side, target 1159-1159.50; take profit to recover stop loss.

After 8:00: Side line. Do not overtrade.

Midday: Strong support at 1159 for buy side. Expected closing 1162.50. (Buy side stopped out 1 pt)

[Result: Globex low 1156.50, Globex high 1160.50, day low 1158.50, day high 1166.25, closed 1164.25]

Trade for 04/22/2005 Friday

Globex: Stop 1161.75-1162, short side, target 1156-55; 1155 support for buy side.

At Opening: Today is for correction. Stop 1161.75-1162, short side, target 1156-55 and 1153 is not ruled out.

Midday: Stop 1161.50, short side, target 1156.

After 10:00: Stop 1161, selling bias, target 1156, 1153; then reverse to buy side from 1153 with 1152 stop. (Buy side stopped out 1 pt); 1152 volation = reversal down again for shorting bias.

Afternoon: stop 1153.75-1154, short again.

Final hour: Stop 1150, selling again, target 1144 take profit. Then bounce, short again with 1147.50 stop. (stopped out 1 pt). Then 1150 short one more time. (Stopped out 1 pt). Side line.

[Result: Globex low 1157.50, Globex high 1160.50, day low 113.75, day high 1161.25, closed 1156.75]

Trade for 04/21/2005 Thursday

Globex: Stop 1136, buying bias, target 1148-49.

At Opening: Stop 1151.75-1152, selling for target 1145-1146; then 1145 stop, reverse to buy side again for target 1160.

Midday: Do NOT try to short against trend ! Still buying bias !

Final hour: Stop 1156, still buying bias, target 1164 not ruled out .

[Result: Globex low 1136.75, Globex high 1150, day low 1145.25, day high 1163.75, closed 1161.50]

Trade for 04/20/2005 Wednesday

Globex: Stop 1160.50, shorting bias.

At Opening: We favor short side today. Stop 1157.75, selling bias, target 1148-1149; then reverse to buy side with 1146.75 stop for target 1155.

Then reverse to short again with 1156.75 stop. (Stopped out 1 pt).

After Stop-out: Stop 1157.75, still selling bias, target 1153-52.

Midday: Side line.

Afternoon: Stop 1152, selling bias again, target 1140.

After 10:45: Try to short bounce again with 1149.25 stop, target 1143.50.

After 11:30: Try to short bounce again with 1146 stop, target 1142 before 12:15 and 1140 follow thru target 1137.

Final hour: Stop 1135-1136, buying bias, and carry over night for more rally tomorrow.

[Result: Globex low 1152, Globex high 1159.75, day low 1136.75, day high 1157.75, closed 1139.75]

Trade for 04/19/2005 Tuesday

Globex: Support 1144-45, buying bias, better buy at Globex and adding after 1150 violation.

Opening: Stop 1148, buying bias, target 1156-1157.

Midday: Stop 1150, still buying bias, target 1156-1157.

Afternoon: Stop 1150, still buying bias, target 1156-57.

At Closing: Try to short Globex with 1160.50 stop, target 1150; we favor short side tomorrow.

[Result: Globex low 1146.50, day low 1151, day high 1157, closed 1155.75]

Trade for 04/18/2005 Monday

Globex: Stop 1147, short side, target 1135 is valid.

Opening: Stop 1147, short again, target 1142.50.

After 7:00: Stop 1143.50, buy side, target 1150.

After 7:30: Stop 1144, buying bias, target 1150.

After 8:00: With profit, stop 1144, buy again. (Stopped out 1 pt).

After stop-out: Stop 1145, short for target 1142.50.

After 10:00: Stop 1144, buy side. If closed above 1145, more rally tomorrow for target 1157...

Afternoon: Expected closing range 1147.50~1145.

[Result: Globex high 1146.25, Globex low 1135.75, High 1151.50, low 1141.25, closed 1147.25]

Trade for 04/15/2005 Friday

Globex: Resistance 1161-1160, short side target 1156; target 1146 is not ruled out in the morning.

Opening: Stop 1162, selling bias, target 1156.

Bounce: Stop 1162, short again; (stopped out 1 pt)

After 8:00: Stop 1163.50, short selling, target 1155 before 11:00 and target 1146 is not ruled out today.

After 9:00: Short above 1159.50, target 1154-53.

After 10:00: Stop 1155.50, try short again. (Stopped out 1 pt)

10:30: Stop 1158.75, short side, target 54; if 1153.50 is broken after 11:00, more selling.

After 11:00: Stop 1157.50, selling bias, target 1154, 1148.

Bounce: Short again with 1155.50 stop, target 1149

12:26: Bounce. Short again with 1152.50 stop, target 1146; market will close any day low MOC down.

[Result: High 1164, low 1143, closed 1143.50]

Trade for 04/14/2005 Thursday

At Globex: Stop 1178.50, selling bias, target 1171.

Opening: Stop 1178.50, selling bias, target 1175, 1171; then 1170.50 stop, buy side. (buy side stopped out 1 pt)

Then Stop 1171, selling bias, target 1165-1166;

Then Stop 1164.25, reverse short to buying bias, target 1168, 70, 72.

Breakeven stop trailing 1165.25.

Buy pull back again with 1168 stop, target 1170-1172;

Stop 1168.50, still buy pull back again. (stopped out)

After 12:00: Resistance 1170, for possible MOC down day target 1162.50.

[Result: High 1178.50, low 1160, closed 1160]

Trade for 04/13/2005 Wednesday

At Globex: Stop 1186.75, buy side.

Pre-Opening: Stop 1186.75, buy side; it needs to break 1190.50 before 6:55AM PST, otherwise it will test 1184.

After opening: Stop 1186.75, buy side. (Stopped out 1 pt)

After 7:30: Market could plunge all the way back to yesterday's low 1173.25.

After 8:00: Stop 1187.50, selling bias. (Market hit 1187.75, stopped out)

Midday: Try to short after 10:00 with Stop 1187.50, target 1180.75;

Afternoon: Stop 1182.50, still selling bias, target 1173.25 (yesterday's low)

Final 30 mins: Then short bounce again with 1177.75 stop for closing range 1175.50

[Result:Globex low 1187.75, Globex high 1190.50, day low 1173.50, day high 1190.50, closed 1175.50]

Trade for 04/12/2005 Tuesday

At Globex: Stop 1180, buy side, target 1186.

Opening: Stop 1180, buy side, target 1186 (stopped out 1 pt)

After stop out: Stop 1182, selling bias, target 1177, 1174-1173.

After profit taking: Stop 1180, short again, target 1173.

Midday: Stop 1177.50, short again, target 1173.

After profit taking: stop 1176.50, short again. (stopped out 1 pt)

After 11:00: Stop 1177, stop 1182, buying bias, target 1188.50-1189.50; take profit 1188.50-1189.50, then 1190.50 stop, short side scalping. (short side stopped out)

[Result:Globex low 1180.25, Globex high 1184.50, Morning high 1181.75, day low 1173, day high 1193.25, closed 1190.25]

Trade for 04/11/2005 Monday

At Globex: Stop/support 1181, buying bias, target 1186.50-1187.50; then 1188 resistance for short side. If it opened gap up at day session, then try to short one more time with 1188 stop; then try to reverse short to buy.

Opening: Stop 1188, selling bias, target 1183 then short bounce again, target 1182-1181.

After 9:00: Stop 1185.50, short bounce again. (stopped out 1 pt)

[Result: Globex low 1181.25, day high 1187.25, day low 1181.25, closed 1183.75]

Trade for 04/08/2005 Friday

At Opening: Support 1192, buy side for target 1198-99 then reverse to short side; target 1182 is valid today. (Buy side stopped out 1 pt)

After stop-out: Stop 1193.50, reverse to shorting bias from 92.50, target 1185, 1182.50

Midday: Stop 1192.50, Short bounce again.

Afternoon: Stop 1190, Short bounce again, target 1183.50-1182.50; then reverse to buy side with 1181 stop.

[Result: Globex low 1183.75, day high 1195.50, day low 1182.75, closed 1183]

Trade for 04/07/2005 Thursday

Support 1184-1186, buying bias, target 1196.

[Result: Globex low 1186.50, day high 1195.75, day low 1186.25, closed 1195.75]

Trade for 04/06/2005 Wednesday

Globex: Stop 1181, still buying bias, target 1190-1193.

Opening: Stop/trailing 1185, buying bias, target 1192-93.

After 7:30: Stop 1188.25, short side, target 1184-83. (stopped out 1 pt)

After stop-out: Stop 1185.75, buying bias, target 1193.

After 10:45: Stop 1185.75, buy for target 1189-1190.

After 11:40: If took profit, buy again with 87.25 stop. (stopped out 1 pt)

After stop-out: Stop 1190, short side, target 1184.

[Result: Globex low 1184, day high 1193, day low 1185, closed 1189.50]

Trade for 04/05/2005 Tuesday

Globex: Stop 1177, buying bias, (MA) try to buy 1178.50~1177, target 1184, 1186.50

Opening: Stop/trailing 1181.50, buying bias, target 1187.

After 8:10: Stop 1182.50, buy again. (Stopped out 1 pt)

[Result: Globex low 1178.50, day high 1187, day low 1180.75, closed 1185.25]

Trade for 04/04/2005 Monday

Pre-opening: Stop 1178.75, selling bias, target 1174, 70; then 1169 stop for buy side.

After 8:00: Stop 1177.50, shorting again, target 1173-72; then 1169-1169.75 stop for buying bias.

After 9:30: Stop 1169.70-1170.50 stop for buying; 1177 stop for shorting.

After 10:30: Stop 1177 for shorting. (stopped out)

After stop-out: Stop 1176, reverse to buying bias, target 1183.

Pull back: Stop 1178.50, buy again, target 1183.

[Result: Morning high 77.50, day low 1170.75, day high 1182, closed 1180]

Trade for 04/01/2005 Friday (Non-farm payroll report: expected 220k, actual 110k.)

Globex: Stop 1181.50, buying bias, target 1190-92; after job report, buy support 1185, target 90-92 take profit.

Pre-unemployment report: If job report is bad, that will be one last chance to buy the plunge for target 1190-92.

At opening: Buy side target 1192-1193.50; short traders will be floundering in this 1192-93.50 range

6:50AM: Stop 1194, shorting, target 1188-87...

Bounce, short again with 1191 stop, target 1185-84

Bounce, short again with 1186 stop, target 1192.50; then stop 1181.50, reverse to buy side. (Buy side stopped out 1181.50)

After stopped out: Buy again with day low 1179.75, target 1183-1185.

Then stop 1185.25, selling bias again, target 1180, 1177..

Then Stop 1178.25, more selling, target 1173-1171.

Final hour: Stop 1178.75, short bounce again, target 1175.50...

[Result: Globex low 1183, Globex high 1191.75, Day high 1193.50, day low 1172.50, closed 1177.50]

Trade for 03/31/2005 Thursday

Globex: Stop 1182, buying bias, target 1188

At opening: Support 1182; Stop 1182.50, buying bias, target1187-1188 again.

7:00AM: Stop 1189. short side; 7:05AM, Stop 1188.25, short side, take profit 1185.25-1185.

7:45: New stop 1187, short again, target 1180.

After 8:00: Then short again after 8:00 with 1187 stop. (Stopped out 1187.25)

After 9:00: Stop 1186.25, shorting, target 81-80 (82.50 is good enough). Then reverse to buy side with 1180 stop

After 9:30: Stop 1181, buy side, target 1185-86.

After 9:40: Stop 1182, buy side, target 1185-1187. Expected closing range 1185.

After 11:00: Stop 1182.75, buying bias again, target 1185-1187. Expected closing range 1185.

[Result: Globex low 1184.25, Globex high 1188.25, Day high 1188.25, day low 1182, closed 1183.50]

____________________________________________________________________

The 7th Year of Accuracy

The following are what we have called for year 2003. We have called the yearly low on March 12 bottom and the yearly high 1100 or higher. Please click here for detail.

 

<3/11/2003 Tue > Keep in mind shorting at 808 area could be tempting, but market is working on major daily reversal up. Any short attempt could kick a trader out of the up trend game. We have had enough shorting trades for past 3 months don't be obsessed with it again, at least for a day or two.

Attempt trade for 03/11/2003 Tuesday Globex and opening: Stop 812, selling bias, target 800. Afternoon: Stop 807.75, short again, target 800-798. [Result: Globex high 812, day high 814, low 799, close 800.50]

<3/12/2003 Wed> Attempt trade for Wednesday: support 785-788, buying bias, target 826-828

<3/13 Thu> We called: Up trend started!

<5/01/2003 Thu> It is not what it looks like. Don't try to call top! We still stick to up trend

<6/03/2003 Tue> Warning: Don't be obsessed with calling top. A lot of Fib analysts have been trying to call a top for last 4 weeks and all failed. It is exactly the same behavior when market trend is down and they would keep calling the bottom. They could be right once after calling 10 times wrong.

<7/13/2003 Sun> Main trend is up, short term trend is in correction/consolidation mode.

<8/24/2003 Sun> Keep in mind main trend is still up. Pull back is just for correction only. 1020, 1050, 1065,...

<9/02/2003 Sun> Still up trend. Pivot 999, target 1020, ...

<9/07/2003 Sun> Main trend is still up, major support 1003. It is in correction/consolidation mode now. Try to buy again after correction. (September contract is to roll over to December on Thursday. Symbol: ES03Z)

<10/27/2003 Mon> A lot ofanalysts are calling sp 950, just DO NOT listen to them.

<10/30/2003 Thu> After breaking this 1040 and staying above it, market has completed the correction. This morning's strong GDP report confirmed this sp 1100 and higher before year end. Last week's correction hit 1016 only, we don't think it will be tested again with this strong GDP report. Should stick to buy side. Bigger picture: SP 1100 before x'mas. If there is one more pull back for correction in next 2-3 days, we don't think it will violate 1030 again. strong support 1040 and 1030-1035.