The overnight market has pushed up to 926.00 after retreating to
the 915.70 level. If price opens above yesterday's high of 921.50,
price may show early strength and this is a buy for us.

Should price move back below yesterday's high, this may be a short
entry for us. Price can move in either direction from this setup or
move sideways, if the commercials do not enter the market this
morning.

The early price action will give us good clues. Our extreme
oscillator suggests a lower close on the daily charts.

Good Trading

D A Y T R A D E R ' S   B U L L E T I N
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Price cycled in a nuetral zone for most of the evening and pushed
lower into the 8:30 AM Central report releases this morning. Price
has pushed lower after their release, as expected. Price has also
moved below support at 922 and bounced. This level coincides with
Wednesday's high of 921.50.

An open above 922 will help support price but likely not for long.
An opening below 921 - 922 will be very negative for the market and
is a likely early short for those with the fortitude.

An opening above 922 could push up as high as 928 but expect only
925 - 926 (with 924.50 more likely the high) which may be good
shorting levels. Targets for a down move are difficult but expect
a move below 900 to as low as 891 - 892.

In the unlikely event of a push higher, the 949 - 950 level offers
big resistance. A move above 928 - 929 is a buy but with strict
stops just below 828.

Good Trading

D A Y T R A D E R ' S   B U L L E T I N
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The overnight market has moved down to 921.70 and bounced
substantially, back up to near the highs at 933.50. We expect a
breakout this morning in the market after two days of substantial
range contraction. There is also a report, the Leading Economic
Indicators out at 9:00 AM Central this morning and we expect the
market will likely break out on that release.

Price could push as high as 940 to the upside without breaking out.
We will want to hold our trade for an extended period today if we
have price acceleration in our trade direction, since price could
trend most of the day, if we indeed do have a breakout.

Good Trading

D A Y T R A D E R ' S   B U L L E T I N
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The overnight session has pushed lower to support at 941.00 where
price has bounced. The resulting fast push up has formed a double-
top at 946.50. A breakout of this range could have continuation.

Just below price is bigger support at 934.50 - 936.00. A move below
this level should have substantial continuation lower and likely
begin at least a multiple day selloff. We will likely stand aside
during the early session as a choppy consolidation day could also
occur if we do not see lower prices.

Good Trading
Charles Holt, S&P Trader

D A Y T R A D E R ' S   B U L L E T I N
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Price action has pushed up during the overnight session to near
Monday's high, making 949.00 and remaining above key support at
945.00 - 945.50. If price remains above this level early in the
session, we will likely see significant new highs. Our high targets
are 958.20 - 960.90 and 968.00 - 969.70.

During the early session, price could retrace to the 943.00 or
939.50 level.

Below 939.50 price becomes bearish and the likelihood of
continuation increases substantially. An opening below 945 this
morning could give us another sideways day as well.

We will likely stand aside during the early session since a
consolidation between 945.00 and 950.00 could also form. We are
expecting a breakout today due to yesterday being a narrow range
and an inside day.

Good Trading
Charles Holt, S&P Trader & Daytrading Mentor

D A Y T R A D E R ' S   B U L L E T I N
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The overnight session pushed up to make new highs at 956.00 later in
the morning. Price then fell into the Jobless Claims Report this
morning to make new session lows after the report release. Whether
the negative impact of this report will push price lower is unknown.

We are overdue for an extended retracement and the price action here
is exhibiting topping action. We could still see prices push up to
as high as 970.00. Above that level and price will continue higher.

Another of our targets is 960.00 - 961.00. We will likely stand aside
during the early session as there is a great deal of noise in the
market at this time.

Good Trading,
Charles Holt, S&P Trader, Daytrader's Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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The overnight market has sold off to yesterday's early range and we
have a target at 954.00. A move below this level and 952.50 will be
bearish. Expect a bounce however at this level with the possibility
of new highs up to 970.00 - 972.00.

Price is grossly overbought and we are due for substantial retracement
and we may see this today but expect some early strength to suck the
longs in. If we buy, we will want to keep a tight stop and take
profits quickly on long entries unless momentum to the upside
increases.

We will likely stand aside during the early price action.

Good Trading,
Charles Holt, S&P 500 Trader & Daytrader's Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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Price has retraced to a likely reversal area at 947 late in the
overnight session. Price could push as high as 951 - 952 or even
954 - 655 but price is likely at its retracement level. A move
below 944 will likely confirm continuation lower.

We have support at 939.50, 935.50 - 936.50 and 931.00 - 933.00.
We have targets at 931.00, 928.50 - 929.50, and at 918.00 - 918.50.
We will likely stand aside during the early price action due to
the chance of a consolidation day with low range and sideways price
action.

Good Trading,

Charles Holt, S&P Trader and Daytrader's Mentor

D A Y T R A D E R ' S   B U L L E T I N
  Real-Time Trade Signals for the S&P 500
     http://www.daytradersbulletin.com
     http://www.daytradersmentor.com

The overnight price action made a double bottom and has pushed
higher into the Durable goods Report this morning at 7:30 AM Central.
Price has raced much higher on good numbers to 955.20 and is finding
support at our 953 support level.

We have a cluster of resistance at 957.50 - 959.50 that will likely
reverse price should it push that high. Above that level, price will
likely continue higher, probably to the 966 highs for a retest.

On a retracement below 952 - 953 expect either 949 - 950 or 944.50 -
946.50 to support price.

We have an additional report out at 9:00 Central and we will likely
be on the sidelines until after that report is out due to the high
volatility and relative noise level.

Good Trading
Charles Holt, S&P Trader & Daytrader's Mentor

D A Y T R A D E R ' S   B U L L E T I N
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The overnight session moved sideways from yesterday's close and then
drifted lower to our support band at 926.00 - 928.50. Price bounced
at the top of that level and is now retesting that area. That price
remained below 936.50 - 937.50 is bearish for the market.

Price is forming a consolidation at that level which could be
extensive. We will likely remain on the sidelines during the early
price action.

A move back above 936.50 - 937.50 is bullish while a move below
926.50 will likely be a short entry for us.

Good Trading,
Charles Holt, S&P 500 Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
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effect.

The overnight session has pushed down to 906.00 as of this writing,
giving us a larger opening gap down. This is near our conservative
target at 905 - 906. This gives us about a 7 point opening gap
lower. Expect price to attempt to close this gap after the opening.

Yesterday's opening gap was not filled and it is unlikely that
this will occur two days in a row. This setup may actually set up
a reversal day for us.

Additonal targets lower are 900 - 901 and 897 - 898. We will stand
aside during the early price action.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight market has moved essentially sideways in our
"no-mans-land" at the middle of yesterday's price action. This
consolidation at this level will likely result in a testing day
with price attempting to move to yesterday's extremes.

We have support at the lows at 908 and 903 and resistance at the
highs at 925 and just beyond that level at 930 - 931.

We will stand aside during the early price action and likely buy
support if the above scenario applies. If we are going to profit,
it will likely be during the morning trend as many traders will
not be trading this afternoon due to the extended Labor Day
Holiday.

Good Trading
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight session has pushed down to 897.00 which is our
conservative target for this push lower. The market has bounced at
the 8:00 AM Central report release and we may be in for retracement.

We have resistance on a move back up at 903.50 - 904.00, 908.50 -
909.00, and 914.50 - 916.00. On a push lower, expect support at
888.00 - 888.50 (which may reverse the market), 877.00 - 878.00,
and at 873.00 - 874.50. Price is in a down trending channel and
could continue lower or reverse at any point.

We will stand aside during the early price action. We are opening
below Friday's low of 909.20 and a move back above that level could
set up a reversal day.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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Real-time Signals results for August - $23,885 trading two lots
in the S&P 500.

The overnight session has bounced up to our resistance level at
885 - 886 and moved back down a bit. There is big support at 874 -
876 and we could move sideways today. Given that price is oversold,
the more likely expectation is for a retracement higher after a
retest of the lows or after even lower lows are made.

We have targets lower at 873 - 874, 870 - 871, and 857 - 858. On
a retracement higher, expect 887.50, 890.50 - 891.00, and 899.50 -
900.00.

Price is very noisy and low momentum and we will likely stand aside
during the early session. We are expecting a reversal day today
with the likelihood of an attempt at lower lows followed by a
reversal that pushes up to the 895 - 899 area at a minimum.

Good Trading,

Charles Holt, S&P 500 Trader & Mentor
Publisher Daytrader's Bulletin

D A Y T R A D E R ' S   B U L L E T I N
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The overnight market has pushed down to make new lows at 872.20.
Price bounced from there after the 7:30 AM report releases. An
opening above 877.50 will be more bullish than an opening below
that level.

We may have additional consolidation this morning which could be
extensive though with larger gap openings, price usually does not
die. Price could move back to the 895 highs, depending on the
9:00 AM Factory Orders Report. Our target for this move lower was
down at 869 but price bounced before that level and we may have
some additional work to do at that level. This would mean moving
below 875 - 876 however which would become big resistance and
imply additional movement lower.

We will likely stand aside during the early session.

Charles Holt, S&P 500 Trader & Mentor
Publisher Daytrader's Bulletin

D A Y T R A D E R ' S   B U L L E T I N
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Price has pushed up on this morning's employment reports and we
currently have a gap above yesterday's highs of about 3 points.
This sets up either a breakaway gap on early strength after the
opening or price could move below yesterday's 888.50 high and
reverse back towards the lows.

Either could happen or an alternate could happen as well. Early
strength during the first 10 minutes and we will buy however so
long as we have a gap opening, preferably of 3 to 4 points at a
minimum. There is big resistance at 897 and above however so this
approach is a bit higher risk than usual.

Good Trading,

Charles Holt, S&P 500 Trader & Mentor
Publisher Daytrader's Bulletin

---------------------------------------

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The overnight session has pushed down to support at 888.00 and
stalled. We mentioned this area as a likely buy target in our last
Overnight Update if we were going to have continuation to the upside.
This is difficult price action and a difficult setup because of
multiple levels of support below and resistance above at 892.50.

We will likely have another choppy, low momentum day today given this
setup. We will likely stand aside during the early price action. It
is usually best in this type of market to wait later in the day after
a lot of the low momentum to pass so that the price action of the day
is known so that several well placed trades can be taken later.

Usually early entries are long unless a well defined setup occurs.
An opening below Friday's low at 888.00 will set up the possibility
of a reversal higher on a move back above that value.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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The Globex session had retraced to 898.50 during the overnight
session and bounced to make slightly higher highs. We have several
conservative targets just above the current price action. Our
conservative targets higher are 910.00 - 911.50 and 914.50 - 916.50.

We have additional targets at 922.50 - 924.00 and 928.50 - 930.00.
Price could, of course, retrace here, likely to 897.50 - 899.00,
892.50, or 888.50 - 890.00. Given that yesterday was an outside day,
we could have an extensive consolidation this morning at the highs.

We will stand aside during the early price action since price may
move in either direction.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

Today is rollover day and we will begin trading the December S&P 500
contract (SP Z2).

The overnight price action has moved sideways earlier in the session
and has now pushed to new lows, giving us a likely gap opening.
Should price close the gap at 906.00 with yesterday's low, we could
have a reversal setup with price attempting to move to yesterday's
high at 926.90.

There is good resistance that has formed at yesterday's low and a
move above this level will likely be a buy for us. Below, there is
notable support at 900, 898.50, and 892.50. There are other, lesser
support levels as well so a move lower is likely to be a choppy
affair unless we have a fast move and that appears unlikely.

We will stand aside during the early price action.

Good Trading
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight session has pushed lower, down to one of our longer
term targets at 876 - 877. Price is consolidating at this level by
cycling within a 7 point range. We have an additional target down
at 867.50 - 869.50 as well and price could push down to that level
before retracing to any extent.

Price is close to a larger reaction than we have seen during the
past several days and could react before the lower target is
reached.

We have another gap opening this morning and price closing back
above yesterday's 884 low could set up a reversal. Any move higher
will likely be led by the Nasdaq due to its more substantial
support setups just below price.

Good Trading,

Charles Holt, S&P 500 Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com

The overnight session has pushed up to a high of 916.00 around
midnight and has been retracing since then. Late in the session,
price has pushed below important support at 905 - 906. Additional
movement below 902 - 903 and we could see 896 or 888.

Price has retraced to the midpoint of the move at 902 and this
becomes a critical level. Price can move in either direction from
this setup.

We will stand aside during the early price action.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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The overnight session has pushed to a low at 863.20 after bouncing
mid-session up to 874 in a large spike higher. A move below this
level will open the way to 852.50 - 853.50 where we should have a
bounce and perhaps a reversal.

Price is very choppy and directionless at this point and a move
higher cannot be ruled out. An extreme push high could see 874.00 -
874.50. We will likely stand aside during the early price action
unless 862 is taken out to the downside.

Good Trading
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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The overnight market has moved to new lows in front of this morning's
reports and pushed even lower on their release. Price has moved down
to our support level at 852.50 - 853.50 and stalled. There is likely
support down to 948 however.

There is additional report out at 9:00 AM Central - the Philly Fed
Index; expect price to retrace and likely not make new lows or
reverse much before this report is out.

A move below 848.00 is a short. A move back above 856.80 may set up
a reversal day though a move back above that level could push as high
as 862.50 before moving back down.

We will likely stand aside during the early price action unless a
compeling setup occurs.

Good Trading,

Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
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The Globex session has pushed up slightly and is now cycling higher
into resistance at 851.50. From this setup, price can move in either
direction. We have a usually reliable setup that calls for shorting
the 851.50 level. This is at higher risk this morning due to the
extreme oversold nature of the market. We expect additional weakness
however before a move higher.

Direction is difficult to know this morning because of these two
competing indications. We will likely stand aside during the early
price action.

We have a target lower at 827.50 - 830.50 that should support price
and will likely be our reversal level unless the reversal has already
begun.

Good Trading,
Charles Holt, S&P Trader & Mentor

http://www.daytradersbulletin.com
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The overnight market pushed down to make slightly lower lows only to
bounce about 8 points and fall to new lows in a fast move after the
bounce. Price is currently below Friday's lows which sets up a
reversal for us.

The market is very oversold here - as it has been for days - and we
are due for a rally. Price has made a move down to 833.20 which is
just above support at 829.00 - 830 and represents a long term target
for us. We want to buy this area for a longer term hold if we can
get a low risk setup within this area.

There is a report this morning due out at 9:00 AM Central - the
Leading Indicators. Tomorrow, the FOMC meets regarding interest rates
and we often have a move higher into this report.

Good Trading,

Charles Holt, S&P 500 Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight session has followed a familiar pattern of moving lower
and leaving the normal trading hours traders, noisy and choppy low
range price action to trade. Price has pushed down to the 817 level
where a consolidation has formed with three spikes lower.

If the typical pattern holds, we will have about a 10 point bounce
before price retests the lows. We will wait for the breakout of this
consolidation before entering.

There is a report out at 9:00 AM Central, the Consumer Confidence
which is a market mover.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

A breakout occurrd during the overnight market last night after price
moved down to support at 810 - 811. Price has pushed strongly higher
since, up to the 835 level and has been retracing for over an hour.

Price may cycle sideways between 828 and 834. Another possibility is
a retracement to 828.50 - 825.50 or 820.50 - 822.50 and then retest
the highs and perhaps make higher highs.

We will likely stand aside during the early price action.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight session broke out of the late session consolidation
from yesterday's day session and has pushed a bit higher to our next
level of resistance at 853.00 and is now retracing. Expect an
extended sideways consolidation to form soon.

We will likely want to buy the 845 - 846 level on a dip down to that
value. If this sets up as expected, this will be a longer-term hold.
A move below 843.50 will invalidate this setup.

Good trading,
Charles Holt, S&P 500 Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight market has pushed back up to the 857 highs in a fast
spike higher and moved lower. The overnight price action was very
noisy and choppy and we may see this action today as well.

We have a target higher and a target lower. On the upside, expect to
see 862 being made. On the downside, the target is 833. Either target
is capable of being made based on this price action and we will stand
aside during the early price action.

Good Trading,
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com

The overnight session has pushed down to support and a likely
reversal area at the 815 level. The Chicago Purchasing Managers Index
will be released this morning at 9:00 AM Central and could push the
market lower.

We have an important target at 808 - 809 which will likely be met on
a negative report. Otherwise, expect price to retest the 825 level
where price closed on Friday with the possibility of 831 being the
target.

There is critical resistance just overhead at 820.50. Expect early
strength at the opening unless price moves to 808 - 809 first
followed by the retracement higher.

Good Trading
Charles Holt, S&P Trader & Mentor

D A Y T R A D E R ' S   B U L L E T I N
Real-Time Trade Signals for the S&P 500
    http://www.daytradersbulletin.com
    http://www.daytradersmentor.com