Back to Back Issues Page
Kennys Stock Market Trading - The Week Ahead 03 Apr
April 03, 2011

Issue# 0011 03 April 2010

Stock Market Trading

Traders Day Trading & Kenny's Elliott Waves Blog

Free Newsletter!

Having trouble viewing this newsletter?
Copy and paste this URL into your browser to view as a web page.
Stock Market Trading at Traders Day Trading

Learn How to Trade...

Learn How to MAKE MONEY!

Subscribe to EWI's Financial Forecast Service now and
pay just $99 for your first 3 months a 57% savings.

Learn More about this Limited Time Offer


Welcome to Stock Market Trading the new look newsletter for 2011 from Traders Day Trading & Kenny's Elliott Waves Blog.

Important, the information provided here is supplied for educational purposes only and should not be taken as financial advice or an inducement to trade. Please refer to the full terms and conditions at  and seek independent financial advice where necessary.

*** Site Announcements ***
Share It - There are new social media buttons on every page. Please do me a big favor and share my site whenever the opportunity arises.

Why not start here..Got a twitter account? Retweet the Traders Day Trading Site today....Digg it....Share on Facebook....mail it to a couple of friends....however you want to do it, it will all help.

S&P 500 Cash Index - The Week Ahead

The Week That Was...
Last week the plan was to remain medium term bullish with a possible gap up on Monday. The market hit our short term target at 1319 first and then fell back to 1310 before testing the 'crucial' support level at 1303-5 by printing the low for the week at 1305.26

"The bullish Elliott wave count I am going with, now requires 1300.58 not to print for the short term rally to continue but in reality, it looks like 1310 should be strong support with 1303-5 as crucial support."

Holding 1303-5 confirmed my medium term bullish bias, and set up the run to the upper target zone at 1330-3

"The ideal target that would clear things up a bit would be 1330-3"

The Week Ahead...
Medium term bullish bias remains and from here, it looks like it will do for at least a few weeks more. But bulls still need a short term low, a decline to work off a bit of steam, however short lived. The problem is, where do you short from?

Last week closed right in the 1330-3 target zone so I want to be short from around here somewhere to 1320, 1312 or 1305 before another long trade kicks in.

Pivots Monday Weekly Monthly
R3 1350.97
1390.97 1468.84
R2 1342.01 1357.76 1385.61
R1 1337.21 1345.09 1355.72
Pivot 1333.05 1325.17 1302.38
S1 1328.25 1312.50 1272.49
S2 1324.09 1292.58 1219.15
S3 1315.13 1259.99 1135.92

Current Week Month   Stock Market Trading Trend Up Year  Stock Market Trading Trend Up
Open 0 1329.48 1257.64
High 0 1337.85 1344.07
Low 0 1328.89 1249.05
Range 0 8.96

Previous Day  Stock Market Trading Trend Up Week Stock Market Trading Trend Up  Month   Stock Market Trading Trend Up Year  Stock Market Trading Trend Up
Open 1329.48
1315.45 1328.64 1116.56
High 1337.85 1337.85 1332.28 1219.8
Low 1328.89 1305.26 1249.05 1011.40
Close 1332.41 1332.41 1325.82 1258.84
Range 8.96 32.59

Key Support and Resistance Levels

High? 1340
Current 1332
Low? 1310
MT Pivot 1293

Bold Numbers = Stronger Support and Resistance

Trade Set Ups for the Week Ahead

Last week I planned for 1310 then 1319, unfortunately it printed 1319 before going to 1305 and resulted in a -3 for the Day Trade set up. The swing trade banked 17 points and gave us +14 for the week.

This week I have two weekly trade set ups again. Lets see if the market plays the game.


NOTE: For this format I am using a 10 point stop loss on the weekly trade set up and 3 points on the day trade set up, unless otherwise indicated. 

It is important to remember that technical analysis does not tell us what will happen, it is about the odds and probabilities of what to expect to happen given a certain set of circumstances. As circumstances change so must expectations, and trading plans must be adapted to fit those new circumstances.


Kennys Stock Market Trade for the Week 1

Market Trade Open Target
S&P 500 Cash Index Buy 1310 1344

Kennys Stock Market Trade for the Week 2

Market Trade Open Target
S&P 500 Cash Index sell 1334 1312

Kennys Elliott Waves Blog - View Latest Chart Analysis
Kennys Technical Analysis Charts

Thank you for subscribing to Stock Market Trading, please do us a big favor an send it to a friend who may find it useful.


Elliott Wave Principle, Now Available Free:

Robert Prechter has just released a complimentary online edition of Elliott Wave Principle: Key to Market Behavior. All 248-pages of this classic investment book can be on your screen in just minutes. Elliott Wave Principle will teach you the 13 waves that can occur in the charts of the financial markets, the basics of counting waves, and the simple rules and guidelines that will help you to apply Elliott Wave for yourself. You'll learn the method successful investors have used for decades.

Access Your Free Copy of Elliott Wave Principle, Now.

What else is happening at Traders Day Trading

  • Kenny's Elliott Waves Blog
  • Elliott Wave Theory
  • Financial Spread Betting
  • Stock Chart Patterns
  • Money Management
  • Stock Market Basics
  • Trading Books Best Sellers
  • Khalsas Free Friday - Day Trading Analysis
Stock Market Beginners
  • Learn How to Trade
  • Stock Market Game
  • Beginners Trading Course
  • Free Interactive Spread Betting Tutorial
  • Free Position Size Excel Worksheet with Calculator

Subscribe to Receive

Stock Market Trading 

Free Newsletter provides free information and analysis
to be used for educational purposes only.  
Full Terms & Conditions Available at

Back to Back Issues Page