Saturday, October 28, 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

Friday, October 27, 2006

 
Trading Education Tutorial

The Big W

Double Bottoms provide visual reference points that map the entire reversal process. Once located, these signposts identify most key price pivots and flash early warning signals when violated. The most common of these, The Big W, begins at the last major high printed by a downtrending stock, just prior to the first bottom. The first bounce after this low creates the center of the W as it retraces between 38% and 62% of that last downward move.

This rally fades and price descends back toward a test of the last bottom low. At this moment the trader listens closely for the first bell to ring. A wide range reversal bar (doji or hammer) may appear close to the low price of the last bottom. Or volume spikes sharply but price does not fail. Better yet, a Turtle Reversal develops where price violates the last low by a few ticks and then prints a sharp move back above support. Should any or all of these events occur, we mark the potential second leg on our Big W. Read More...

 
NASDAQ Chart of the Day


PMTI got a huge breakaway gap out of a large triangle range, which is highly bullish. Increased volume also helps the bullish case. Look for more strength out of this pattern.

Daily Trading Signals

 
NYSE Chart of the Day



HXL has gotten a huge breakout from the large consolidation range at 15.50 via a nice breakaway gap, which is very bullish. Look for more strength from this stock.

Daily Trading Signals

 
Trading Education Tutorial

Support and Resistance Levels




History Tells Us When Securites are Overbought or Oversold

Support indicates a level on the chart where we can expect an increase in the demand for a security (buyers take over). How do we know this? By identifying this reaction to this price level in the chart's history.

Read More...

 
Daily Market Commentary

Updated Thursday, 10/26 for Friday's market.


Key DOW Levels for 10/27

UP

Above 12,200

DN

Below 12,075


New Highs...

- Dow reverses after early decline, rallies to new highs. The index held firmly at 12,100 before rallying solidly to new all-time highs for another solid 29 point gain. Further strength should be seen if 12,100 continues to hold.

- The NASDAQ continues lead the broader market higher and the S&P continues to follow suit. Look for continued strength above near-term support.

Summary

The Dow ended the day with a modest gain, but held its ground despite a huge sell-off to begin the day. The index will continue to push steadily higher within the current uptrend, unless 12,100 is solidly violated.

Read More...

Thursday, October 26, 2006

 

The Ultimate Trading Machine by NetPicks

UTM Release Ends Tomorrow


UTM is just about sold out. The guys at Netpicks wanted to try to keep the site up for the full 7 days but it isn't going to be possible, there just aren't enough copies. The site will be coming down tomorrow at the latest, a full 4 days early, and it could be well sooner than that.

They have already shipped over 440 copies, and there are less than 60 left, they may not even last through Friday. If you haven't secured your copy of the Ultimate Trading Machine, you should today, or it will no longer be an option. Click to Order Now!

To give you a brief idea of just how well the system is performing, I'll summarize yesterday's trades.

On the Russell e-Mini strategy, the UTM had solid positive day.

Ultimate Trading Machine Limited Edition




On the forex there were three successful trades today. A long trade on the GBPUSD that set-up and went 25 pips in under 20 minutes. Then came a second long trade that this time went over 30 pips in less than 10 minutes. Two quick strikes followed by a final trade, the NZD currency, which later in the session was good for another 30 pip move.

That's 85 pips today, and you would have been at the computer for a total of a little over 60 minutes. Plus, you knew exactly when to be there, since the UTM trades the moves off of the news releases. This is a huge advantage, as you'll always know what time to be at your computer, and you can chose to trade the events that fit your schedule.

If you are serious about trading, you need to take a hard look at the UTM today, it will change the way you trade for good, and it will be gone very soon.

Ultimate Trading Machine Limited Edition


 
The Lowdown on Bottoms

Bottoms print as a result of market physics. Uptrends and downtrends exhibit natural wave motion as they thrust forward, and they pull back to test gains or losses. This action-reaction becomes very important at market turning points. It implies that a reversal pattern will appear at some point in each trend. In an uptrend, a lower high will eventually follow a higher high and mark a new top. In a downtrend, lower lows will finally stop when price action prints a higher low. This marks the birth of a bottom.
Read More...

 
Trading Ideas & Picks

WMT - Above a long-term support/resistance level

WMT: The bulls have managed to push the price above a long-term support/resistance level - a factor that has affected the stock's direction since early 2004. The recent move above the $51 resistance suggests that the bulls are stepping back in and could be a signal of a continued move higher...

Trading Picks - Read More

 
Trading Ideas & Picks

Swing Trade of the Week

SYNA: Setting up nicely for a continuation of its current uptrend. Stock broke past resistance and to new trend highs. Stock has since traded at the upper end of the breakout, representing a consolidation and possible setup for further upside. Look to go long at 28.51...

Trading Ideas - Read More

 
Trading Education Tutorial

Measured and Exhaustion Gaps



Identifiable Patterns After Confirmation Move

We have previously mentioned the three types of gaps that are of relevance to investors - the breakaway gap, the measured (or continuation) gap, and the exhaustion gap. We previously discussed the breakaway gap, but it is important to discuss the measured gap and exhaustion gap at the same time. Why? Because it is difficult to tell one from the other until after the fact.

Read More...

 
NASDAQ Chart of the Day




WIRE is breaking a large triangle pattern to the downside via a solid breakaway gap. Look for more weakness from this stock.

Daily Trading Signals

 
NYSE Chart of the Day



CFC has gotten a huge breakout from a solid triangle, which is highly bullish. Watch for continued strength from this stock.

Daily Trading Signals

 
Daily Market Commentary

Updated Wednesday, 10/25 for Thursday's market.


Key DOW Levels for 10/26

UP

Above 12,150

DN

Below 12,050


Still Holding...

- Dow continues holding at highs, resumes development of consolidation. The index closed the day at the top of the pattern with a 7 point gain, and looks close to breaking out.

- The NASDAQ continues to wind up within a large triangle pattern, while the S&P continues to push higher. Look for continued overall strength, unless support is violated.

Summary

The Dow continues to trade within the boundaries of a clear consolidation that should spark the next key move. Watch the boundaries of this pattern for big movement..

Read More...

Wednesday, October 25, 2006

 
Trading Education Tutorial

Island Reversals




Stand Alone Formation Speaks Volumes

Reversals tend to occur slowly, with securities forming double bottoms, higher lows, head and shoulders patterns, etc. before starting a new trend. However, sometimes we see a dramatic reversal immediately, and one of the best indications of these types of reversals is Island Tops and Bottoms.

Read More...

 
NASDAQ Chart of the Day



UTHR has gotten a huge breakout from a large triangle via a measured gap and increased volume. Look for continued upside movement.

Daily Trading Signals

 
NYSE Chart of the Day


AXE is getting a big upside break from a solid consolidation at 59.00, which is highly bullish. Look for continued strength in this stock.

Daily Trading Signals

 
Daily Market Commentary

Updated Tuesday, 10/24 for Wednesday's market.


Key DOW Levels for 10/25

UP

Above 12,150

DN

Below 12,000


Consolidating...

- Dow continues holding at highs, resumes development of consolidation. The index ended the day with a mild 11 point gain, but a breakout from this consolidation could spark bigger movement.

- The NASDAQ continues to wind up within the boundaries of a large triangle pattern, while the S&P remains within a very tight consolidation. A breakout from either of these patterns will spark nice movement tomorrow.

Summary

The Dow continues to hold at the overall highs within the boundaries of a tight consolidation. Look for continued range movement ahead of the next key breakout move from this range.

Read More...

 

The Ultimate Trading Machine by NetPicks

Tuesday, October 24, 2006

 
Daily Stock Picks

Bottoming -

Oct 23 for July 24:
RDYN UFPI WTFC

(
Stocks making a 52 WK low but closing higher than they opened)


Oversold Stocks
-

Oct 23 for July 24:
BPOP COMS CTDC FLML NVLS PSUN UCTT

(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)


Overreaction
-

Oct 23 for July 24:
RDYN

(Potential Bullish Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)


More... Stock Picks Page #1

 

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Selection of trading software and trading services that can help you trade better. Find which stocks or options to trade and get accurate Buy/Sell/Sell Short signals to enter and exit trading positions in a timely manner. Whether you are a beginner or an experienced trader this products will be able to help you maximize your potential and returns.

 
Daily Stock Picks

Bottoming -

Oct 20 for Oct 23:
SCKT SFUN


(
Stocks making a 52 WK low but closing higher than they opened)

Oversold Stocks -

Oct 20 for Oct 23:
ASML RBAK


(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)

Overreaction -

Oct 20 for Oct 23:
GHM STMP

(Potential Bullish Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)

More... Stock Picks Page #1

 

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

 
Trading Ideas & Picks

The QQQQ Report for October 23rd - October 27th, 2006

QQQQ: Negative earnings from companies such as Advanced Micro Devices and SanDisk caused some traders to believe that a test of the trendline would be likely, but positive results from Apple Computer, eBay and Google helped counterbalance the results and keep the bears from pushing the index lower. It will be interesting to see how the earnings ahead will affect the QQQQ and we'll continue to watch the ascending trendline to see if it will affect the index's short-term direction...

Trading Picks - Read More

 

Trading Tools

Shogun Swing Trading - Best Swing Trading:

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NASDAQ Chart of the Day



NUVO is winding up within the boundaries of a large triangle pattern that has continued to develop over the last two months. A breakout from this pattern should spark key movement. Watch 19.75 up, and 18.50 down.

Daily Trading Signals

 
Technical Indicators

CCT Bollinger Bands Histogram

The CCT Bollinger Band Oscillator, reconfigures John Bollinger's classic Bollinger Bands (envelopes plotted at two Standard Deviations above and below a moving average) by drawing two parallel lines replacing the erratic envelopes.

The parallel lines represent a measurement of two Standard Deviations from the mean and are assigned a value of zero and 100 on the chart. The indicator represents the price as it travels above and below the mean (50%) and outside the two standard deviations (zero and 100). Penetration of the upper band represents overbought conditions while penetration of the lower band signifies oversold conditions.

Usage of the CCT Bollinger Band Oscillator to identify "failure swings" and "divergences" can lead to significant reversals...

Read More...

 
NYSE Chart of the Day



IKN is holding firmly beneath major resistance at 14.36, which has held since April. Look for weakness to occur from this level, unless a breakout is seen.

Daily Trading Signals

 
Trading Education Tutorial

Consolidations


Sideways Movement Gives Indication of Future Price Direction

A consolidation is a place where buyers and sellers are very closely matched in numbers. As the battle ensues, others notice that the market is consolidating, and begin considering to get on board. As soon as a break from the consolidation occurs, the latent buyers or sellers usually begin taking positions.

Read More...

 
Daily Market Commentary

Updated Monday, 10/23 for Tuesday's market.


Key DOW Levels for 10/24

UP

Above 12,150

DN

Below 12,000


Steady Rally...

- Dow rallies above 12,000, closes at all-time highs. The index held at the highs throughout the session and recorded a solid 115 point gain for the session.

- The NASDAQ and S&P each rallied solidly to begin the day. Look for continued overall strength, unless key near-term support levels are violated.

Summary

The Dow closed the day at the highs of the session after rallying big to begin the day. The index is now holding at the highs of the session and could build out the tight consolidation for another rally soon. Watch for continued strength, unless 12,050 is violated.

Read More...

 

The Ultimate Trading Machine by NetPicks

 
NASDAQ Chart of the Day


NETL is getting a big downside break through the bottom of a large triangle range. Watch for continued weakness from this stock.

Daily Trading Signals

 
NYSE Chart of the Day



VFC took a large gap up this morning and immediately filled it to the downside en route to heavy selling to the Close. This behavior is highly bearish and could spark much more additional selling. Watch 74.00 for a trend line break to indicate another wave of declines.

Daily Trading Signals

 
Trading Education Tutorial

Saucer Patterns


Rare Pattern Is One of the Most Predictive

One of the most predicitive chart patterns you will come across is the saucer pattern. Saucers are also referred to as "bowls" or even "rounded tops or bottoms", and one look at this pattern tells where these names are derived from. However, there is a problem with saucer patterns - they're hard to find.

Read More...

 
Daily Market Commentary

Updated Friday, 10/20 for Monday's market.


Key DOW Levels for 10/23

UP

Above 12,050

DN

Below 11,940


Still Holding...

- Dow pushes back and forth around 12,000, closes relatively flat. The indexeventually closed the day with a small loss, but remained barely above the 12,000 level.

- The NASDAQ and S&P each traded mostly sideways-to-up after the early weakness. Each continues to hang within their respective ranges, which could be on the verge of a big breakout opportunity.

Summary

The Dow closed the day with a 9 point loss and continues to struggle in the 12,000 zone. The index has maintained a highly bullish stance within a clear uptrend, but a huge violation through 11,950 could spark big weakness.

Read More...

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