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Trades for 06/30/2005 Thursday FOMC 0.25 rate hike

Pre-opening: Stop 1209.50, selling bias, Target 1195

At opening: Stop 1209.50, aggressive stop 1208.75, selling bias, target 1203, 1195.

After 11:15 FOMC announcement: Stop 1206.75, selling bias, target 1198.50, 1195.

Final Hour: 1193-1194 is inevitable.

[Result: Day high 1207.75, day low 1194, closed ]

Trades for 06/29/2005 Wednesday

Pre-opening: Stop 1209.50, selling bias, target 1204.50, 1203~1202.

At opening: Stop 1209.50, selling bias, target 1204.50

After 10:00: Stop 1208.75, still selling bias, target 1202.50

Bounce: Short again with 1205.75 stop. (stopped out)

Final hour: Target 1202.50 still not ruled out with 1206.75 stop.

[Result: Day high 1208.75, day low 1202, closed 1202.75]

Trades for 06/28/2005 Tuesday

At opening: Stop 1197, buying bias, target 1203, 1205, 1207.

After 7:00: Stop 1200.50, buying bias, target 1207

After 10:00: Stop/Trailing 1202.50, buy side, target 1207-1208

[Result: Day high 1207.25, day low 1198.75, closed 1206.75]

Trades for 06/27/2005 Monday

At opening: Stop 1198.50, short side, target 1192.50; then reverse to buy side with 1191.50 stop. (Short side stopped out 1 pt)

After 10:00: Stop 1196.50, short side, target 1192.50; Expected closing range 1195.50-1196.

[Result: Day high 1199.25, day low 1192.50, closed 1196.50]

Trades for 06/24/2005 Friday

Globex, pre-opening: Stop 1208, selling bias, target 1202-1201

At opening: Stop 1207.50, selling bias, target 1202-1201.

Morning: Stop 1203.50, short side for target 1196 and stop 1195 for buying bounce. (short side stopped out 1 pt)

After 10:00: Stop 1203.50, short side, target 1196.

After 11:00: Stop/Trailing 1203.50 for target 1192 Monday.

[Result: Globex low 1203.50, globex high 1206.25, Day high 1206.50, day low 1193.25, closed 1195.25]

Trades for 06/23/2005 Thursday

Globex: Resistance 1222.50, Support 1219.50; if 1219.50 is broken then it will open gap down and 1214-1215 valid; 1215 violation = breakout for target 1205.

At opening: Stop 1220.50, short side, target 1217-16

After 10:00: Stop 1220.50 again, short side. 1215 is breakout area.

After breakout: 1216 stop/trailing for target 1208; take profit and short bounce again with 1213.50-1214 stop trailing, target 1205.

[Result: Globex low 1218, globex high 22.50, Day high 21.50, day low 1203.75, closed 1204]

 

Trades for 06/22/2005 Wednesday

Globex: Stop 1222.50, short side, target 1218; or agg stop 1219.50, buy side, target 1225.

At opening: Stop 1221.50, buy side, target 1225.

After 7:30: Stop 1223.50, short side, target 1218.

Midday: Stop 1220, short side. (stopped out)

Afternoon: Stop 1219, short side. (stopped out); tomorrow will be the last chance plunging to 1205. Big players have kept taking profit in this 1220-1230 area.

[Result: Globex low 1219.75, Day high 1225, day low 1216, closed 1221.75]

Trades for 06/21/2005 Tuesday

Globex: Stop 1222.50, short side, target 1217.

At opening: Stop 1222.50, short side, target 1217.

[Result: Day high 1222.50, day low 1216.25, closed 1221]

Trades for 06/20/2005 Monday

At opening: Stop 1220.50, short side, target 1214.50

Midday: side line

AFternoon: Stop 1220, short side, target 1215. (Stopped out 1 pt)

Final hour: Stop 1224.50, short side, target 1222-1220.50 closing.

[Result: Day high 1224.50, day low 1215.25, closed 1220]

Trades for 06/17/2005 Friday

Pre-Opening: Stop 1219, short side, target 1214. (stopped out 1 pt)

At opening: Stop 1224.75, short sdie after opening with chop rule., target 1220; then short bounce again for target 1217 (which is a support). Possible closing range today 1222-1220.

[Result: Globex high 1219.25, Day high 1225.25, day low 1218.50, closed 1220.25]

Trades for 06/16/2005 Thursday

Pre-Opening: Stop 1213.50, short side, target 1209.

At opening: Stop 1213.50, short side, target 1210. (1/2 profit; 1/2 stopped out)

After stop-out: Stop 1211.75, reverse to buy side for target 1216.50.

Then Stop 1218.25, short side, target 1214, 1212.50; expected closing range 1214.50.

Midday: Stop 1216, short bounce again, for target 1212.50; trailing 1215.50. (Trailing out)

Final Hour: Stop 1214.50, buy side, target 1218 testing. (Breakeven trailing 1215.50)

[Result: Day high 1217.75, day low 1210.25, closed 1215.75]

Trades for 06/15/2005 Wednesday

Pre-Opening: Stop 1215.50, selling bias, target 1209.50, 1203.50;

At opening: Stop 1214.50, short side, target 1209.50, 1204-1203.

then Stop 1202, reverse to buy side for target 1209-1210 closing.

[Result: Day high 1214.25, day low 1203.50, closed 1211.75]

Trades for 06/14/2005 Tuesday

At Opening: Stop 1212, short side, target 1205, 1203. (1203 is destined either today or tomorrow)

After 7:00: Stop 1211.50, short side, target 1205...

Midday: Side line. Stop 1211.50 for short side; stop 1206.50 for buy side.

After 10:00: Short side stopped out.

After 11:10: Stop 1213, short side, target 1207.50

[Result: Day high 1213.75, day low 1205.25, closed 1210]

Trades for 06/13/2005 Monday

At Opening: Stop 1203.75, selling bias, target 1199-1198; then 1198 support for buy side.

Morning: After short side profit taking, short bounce again with 1203 stop. (Stopped out 1 pt)

After stop-out: It is a breakout. Stop 1201.50, buying bias, target 1207, 1212.

Then: Stop 1213.50, short side, target 1208.

Midday: Stop 1211.50, short side, target 1205-06.

Afternoon: Stop 1208.50, short side, target 1204-1203.

[Result: Day high 1212.50, day low 1199.75, closed 1207.50]

Trades for 06/10/2005 Friday

At Globex: Stop 1210, selling bias, target 1205

At Opening: Stop 1210, selling bias, target 1200, 1195; after 1205 violation, target 1200-1199.

Morning: Then Stop/trailing 1206, target 1198.

Midday: Stop 1202.50, short again. target 1200.50 scalping

Afternoon: Stop/trailing 1201, (stopped out); then stop 1199, buy side, target 1205

[Result: Globex high 1208.75, Day high 1208.50, day low 1197.50, closed 1203.75]

Trades for 06/09/2005 Thursday September contracts are traded from today.

At Globex: Stop 1203, 1205, selling bias, target 1195-1194. Then reverse to buy side with 1193 support.

At Opening: Stop 1202.50-1203, selling bias, target 1195.

Midday: Stop 1199, buying bias, target 1207; followed by stop 1201.50, buying bias, target 1207.

then stop 1208.75, reverse to short side, target 1203-1202.

[Result: Globex high 1201.25, Day high 1207.75, day low 1196.25, closed 1206.25]

Trades for 06/08/2005 Wednesday

At Globex: Stop 1201.50-1202, for short side. (Stopped out 1 pt)

At Opening: If stopped out at Globex, then stay side line; otherwise stop 1200, buy side, target 1205. (Stopped out 1 pt).

After stop-out: Stay side line for 2 hours. Do NOT overtrade.

After 10:30: 1202 resistance again; 1200-1202 trading range; 1200 broken = stop 1201.50, selling bias, target 1195.

Expected closing range 1197-1195.

[Result: Globex high 1203.50, Day high 1202.75, day low 1193.50, closed 1195.75]

Trades for 06/07/2005 Tuesday

At Globex: Stop 1195, buying bias, target 1201; Stop 1201.50-1202, for short side; if broken then reverse to buy side.

At Opening: Stop 1199 for buy side and 1202 stop for short side; if 1202 is broken reverse to buy side. (short side stopped out)

After stop-out: 1201.50 stop, buy side target 1208.

After 10:00: Stop 1209.75, short side, target 1204-1203; then 1201.50 stop, reverse to buy side. (Buy side stopped out 1 pt)

After stop-out: Stop 1200.50, buy again, targe 1204-1205. (1/2 profit taken and 1/2 trailng breakeven.)

[Result: Globex high 1202, Day high 1209.75, day low 1197.50, closed 1199]

Trades for 06/06/2005 Monday

At Globex: Stop 1202, 1200.50, selling bias, target 1193

At Opening: Stop 1200, selling bias, target 1193; then stop 1192, reverse to buy side for target 1196-1198.

[Result: Globex high 1199.25, Day high 1199.50, day low 1193, closed 1198.25]

Trades for 06/03/2005 Friday

At Opening: Stop 1210, short side, target 1200

After 7:30: Stop 1204.25, short side, target 1196

Afternoon: Stop 1199, short bounce again.

[Result: Globex high 1205.25, Day high 1207, day low 1194.75, closed 1198.75]

Trades for 06/02/2005 Thursday

At Globex: Stop 1205, short side, target 1199~1198

At Opening: Stop 1204.75, short side, target 1198.50

Midday: Stop 1204.50, short side, target 1201.50.

Bounce: Short again with 1204.50 stop. (stopped out 1 pt)

After Stop-out: Stop 1203, buy side, target 1207. Expected closing 1104.

[Result: Globex high 1203.75, Day high 1205.75, day low 1198.50, closed 1105.25]

Trades for 06/01/2005 Wednesday

At Globex: Stop 1195.50, selling bias, target 1191.50; if 1195.50 is broken then reverse to buy side for target 1202, 1205.

At Opening: Take some profit below 1193; 1/2 stopped out at 1195.50; if 1195.50 is broken then reverse to buy side for target 1202, 1205.

After 8:00: Stop 1208, reverse buy side to short side, target 1203.25.

After 10:50: Stop 1208, still shorting bias, target 1202.50, and 1198.50-1199; possible closing range 1202 +/- 0.50

After 12:00: Stop 1197.50, buying bias, target 1202.

[Result: Globex high 1195, Day high 1207, day low 1192, closed 1201.50]

Trades for 05/31/2005 Tuesday

At Globex: Stop 1202.25, selling bias, target 1196-1195, 1192-1191 (MA: Try to short 1200.75-1201.50 at globex.)

At Opening: Stop 1202, selling bias, target 1195.5 and target 1192-1191 if 1195.5 is broken.

Then: Stop 1191, buying bias, target 1197-1198.

AFter 11:20: Stop 1194, buying bias, target 1197-1198.

Afternoon: Stop 1195, after taking profit, pull back buy again. (stopped out 1 pt)

[Result: Globex high 1202, Day high 1199.50, day low 1191, closed 1193]

Trades for 05/27/2005 Friday Market closed on Monday for Memorial Day.

At Globex: Stop 1200.25, selling bias, target 1196-1195

At Opening: Stop 1200.25, selling bias, target 1197-1196

After 10:00: If it stays above 1198 by 11:00, watch out it will take out day high.

[Result: Globex high 1199.75, Day high 1200.50, day low 1196, closed 1200.25]

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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.