Saturday, June 24, 2006

 
NASDAQ Chart of the Day


CRZO is winding up within the boundaries of a very large triangle range, which is gearing up for a huge breakout. Watch 26.00 down, and 31.00 up for the next big trend.

Daily Trading Signals

 
NYSE Chart of the Day


TKR is getting an upside reversal from a clear lower trend line. The index is also forming a bullish inverted head-and-shoulders pattern, which will likely help to spark continued strength back toward resistance at 36.00. Watch 32.00 for a breakout.

Daily Trading Signals

 
Technical Indicators

Fibonacci Retracements

Fibonacci Retracements are displayed by first drawing a trendline between two extreme points, i.e. a trough and opposing peak. A series of horizontal lines are drawn intersecting the trendline at the Fibonacci levels.

After a significant price move in either up or down direction, prices will often give back a significant portion (if not all) of the original move. As prices retrace, look for support and resistance levels often occurring at or near the Fibonacci Retracement levels.

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Daily Market Commentary

Updated Thursday, 6/22 for Friday's
market

Key DOW Levels for 6/23

UP

Above 11,150

DN

Below 10,975


Steady Decline

- Dow pulls back from recent highs, holds at 11,000 zone.

- The S&P and NASDAQ each sold off early in the day and are now holding at lows above key lower trend lines. Key in on these lines, as they could provide nice movement tomorrow.

Summary

The Dow closed the day with a slow decline today, but continues to hold above the key 10,900 support level, which is the clear fulcrum in the charts at this point. Look for continued overall strength above this zone tomorrow; unless a solid break takes it out.

Read More...

Thursday, June 22, 2006

 

Trading Signals of the Day

Bullish Reversal Triggers

Reversal bars are an objective technique used to time the entry of a trade. Read More...
http://daily-stocks.netfirms.com/daily-trading-triggers.htm

 
NYSE Chart of the Day



FDX has gotten a solid breakout from a tight triangle consolidation at 112.00. Look for continued strength back toward resistance at 120.00.

Daily Trading Signals

 
NASDAQ Chart of the Day



DIGE is winding up within a very large triangle consolidation that has formed at the highs of the steady uptrend. A breakout from this consolidation could be huge. Watch 40.00 up, and 36.00 down.

Daily Trading Signals

 
Visual Trader

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OmniTrader

OmniTrader is designed to help you Trade the Moves. By automating technical analysis, OmniTrader gives you the power to make decisions fast! No other software gives you real trading signals with all of the supporting information automatically displayed for you. OmniTrader's signals are exceptionally accurate - making it a Great Prospecting Tool.

120 Trading Systems

OmniTrader has 120 built-in trading systems (daily and weekly) which are automatically run each time "To Do" list is executed.

Read More...

 
Daily Market Commentary

Updated Wednesday, 6/21 for Thursday's
market

Key DOW Levels for 6/22

UP

Above 11,150

DN

Below 10,900


Solid Advance

- Dow breaks consolidation to upside, rallies throughout the day.

- The S&P and NASDAQ each got solid upside moves today, which could translate into much bigger moves ahead. Keep an eye on the clear upper trend lines tomorrow, as a break could be huge for direction.

Summary

The Dow ended the day with a late-day decline, but continues to hold above the major upper trend line, which indicates a sense of bullishness not seen in quite a while. If the index can continue to hold above 10,900, continued overall strength should be seen.

Read More...

Wednesday, June 21, 2006

 
Trading Ideas & Picks

Rocky Brands, Inc.

Based on our analysis of the company's strategic positioning, management, corporate governance, risk exposures and operations, we believe that RCKY is undervalued. Our analysis is supported by positive valuation signals from informed investors. There are weak catalysts for stock price appreciation...

Trading Ideas - Read More

 
Trading Ideas & Picks

Bullish Stochastics, Volume, and Price Movement

DOX has risen strongly during the past four days on high volume and with bullish stochastics crossover in oversold territory...

Trading Picks - Read More

 
Daily Market Commentary

Updated Tuesday, 6/20 for Wednesday's
market

Key DOW Levels for 6/20

UP

Above 11,025

DN

Below 10,900


Holding...

- Dow ends session with a gain, forms clear consolidation range at highs.

- The S&P and NASDAQ each traded mostly sideways-to-down today, but continue to hold near the overall highs of the latest advance. An upside break from their respective ranges could fire up another solid advance soon.

Summary

The Dow closed a fairly indecisive session higher today, and continues to hold within the boundaries of a potentially bullish consolidation. A breakout from this range could be big for medium term movement.

Read More...

 
NASDAQ Chart of the Day


CTHR has formed a clear consolidation at the lows of a very steady decline. The consolidation spans from 9.60 to 12.00. Watch this range closely for the next big breakout move.

Daily Trading Signals

 
NYSE Chart of the Day


AA is holding at major support at 28.40, which has held firmly since last December. The stock is currently sitting just above support and could get either a big break or bounce off this level. Watch it closely for the next key move.

Daily Trading Signals

 
Technical Indicators

Ehlers' Fisher Transform

The Fisher Transform indicator attempts to be a major turning point indicator and is based on John Ehlers' November 2002 Stocks and Commodities Magazine article, "Using The Fisher Transform."

With distinct turning points and a rapid response time, the Fisher Transform uses the assumption that while prices do not have a normal or Gaussian probability density function (that familiar bell-shaped curve), you can create a nearly Gaussian probability density function by normalizing price (or an indicator such as RSI) and applying the Fisher Transform. Use the resulting peak swings to clearly identify price reversals.

Read More...

Tuesday, June 20, 2006

 
NASDAQ Chart of the Day



OATS is holding firmly at key gap support at 15.50. Watch this zone closely for a key break or bounce.

Daily Trading Signals

 
NYSE Chart of the Day



AYE is testing a clear lower trend line at 35.00. This stock has remained very strong, but a break of this line at 35.00 could lead to heavy selling.

Daily Trading Signals

 
Daily Market Commentary

Updated Monday, 6/19 for Tuesday's
market

Key DOW Levels for 6/19

UP

Above 11,075

DN

Below 10,900


Steady Weakness

- Dow reverses from upper trend line, ends session lower.

- The S&P and NASDAQ each dragged lower from their respective highs today and continue to hold beneath key upper lines. Watch for continued range movement tomorrow, as the indexes gear up for the next big move.

Summary

The Dow ended the day lower after reversing down from the major upper trend line at 11,050. The is now holding ground between 10,900 and 11,050 just beneath the upper trend line. A breakout from this range will likely influence key market direction.

Read More...

Monday, June 19, 2006

 
Daily Market Commentary

Updated Friday, 6/16 for Monday's
market

Key DOW Levels for 6/19

UP

Above 11,050

DN

Below 10,950


Holding..

- Dow trades sideways throughout session, holds yesterday's big gains.

- The S&P and NASDAQ each traded mostly sideways throughout the session today, as each gears up for the next big move. Watch the tight consolidation boundaries for entry opportunities Monday.

Summary

The Dow closed the day quietly within the boundaries of a tight consolidation, which we will watch closely for Monday's market. The fact that the consolidation has formed right at the upper trend line indicates that a big break or bounce could be ahead. Watch this line closely next week.

Read More...

 
NASDAQ Chart of the Day


ATML is holding at major support at 4.22. Continue to watch this support level for a possible bounce opportunity.

Daily Trading Signals

 
NYSE Chart of the Day


BRL has formed a clear triangle consolidation at the lows of the overall decline, which is fairly bearish. A breakout in either direction from this consolidation should yield big movement. Watch 52.50 up, and 50.50 down.

Daily Trading Signals

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