Friday, April 07, 2006
Stock charts print many unique topping formations. Some classics, such as the Descending Triangle, can be understood and traded with very little effort. But the emotional crowd also generates many undependable patterns as greed slowly evolves into mindless fear. Complex Rising Wedges will defy a technician's best effort at prediction while the odd Diamond pattern burns trading capital swinging randomly back and forth.
Bottoming - ENCY, HYSL
Downtrend Stabilisation - NPSP
Stochastic Possible Plays - BEBE, OSTK
Updated Thursday, 4/6 for Friday's market.
- The S&P continues to fuss with its major resistance level
Look to the NASDAQ for direction, as this index will likely lead the way. ...Read More
Thursday, April 06, 2006
|Recent Picks / Trading Ideas|
|Swing Trade of the Week Apr 6|
ATHR: Stock surged through a resistance area with a bullish green candle, then traded at the upper end of the bullish green candle, representing a consolidation ...
|Trading Ideas for today Apr 6|
Internet names (PKTR, OXPS) and insurance companies (DFG, PL, ..) also made significant bullish reversals. Healthcare (BCR, ABAX) and biotech pharma (ASPV) were also present on the list ...
|Stochastics Reversal Apr 6|
ED fell nearly 10% from late January to early April. We believe that a reversal of at least some of the decline is likely ...
|Weekly Market Update April 3|
The overall effect is still positive, we did break resistance and established an up trending channel. The market will now have a tendency to swing back and forth between support and resistance ...
|Monthly Market Recap April 3|
The Macro weekly uptrend is still bullish, the longer term trend is up. Market pulled back to test the 20 day EMA and reversed with a bullish breakout candle ...
Tuesday, April 04, 2006
Chart Patterns and other Trading Tools
Updated Monday, 4/3 for Tuesday's market.
Monday, April 03, 2006
Slow Decline - Dow continues decline within sloping range, holds at key 11,100 level ...
Updated Friday, 3/31 for Monday's market.
Sunday, April 02, 2006
Signals of March 31st:
Bottoming - CTHR, OLGC, ORGN, ULGX
Stochastic Possible Plays - BRLI, FUEL, POZN