Friday, November 17, 2006
GannGlobal Financial
* * * Watch the 21 minute video here (part 4 of 4) * * *
If you missed part 1, 2, or 3 you can watch them here:
Part 1 (Stock Market Forecast)
Part 2 (Soybean Forecast)
Part 3 (Crude Oil Forecast)
Part 4 (Commodities: the big picture)
* * * Watch the 21 minute video here * * *
Recently, James Flanagan over at GannGlobal.com released part 4 of his 4-part Forecasting video series. This latest 21 minute video reveals how he's following the commodity markets, and where he thinksthey'll go in the near future.
* * * Watch the 21 minute video here (part 4 of 4) * * *
If you missed part 1, 2, or 3 you can watch them here:
Part 1 (Stock Market Forecast)
Part 2 (Soybean Forecast)
Part 3 (Crude Oil Forecast)
Part 4 (Commodities: the big picture)
In this latest video, you'll see James use what he calls the "Research Engine" to forecast the most probable direction of the major commodity markets like Crude Oil, Gold, Silver and Grains based on the historical research methods of trading legend W.D. Gann.
* * * Watch the 21 minute video here * * *
Voodoo Trading
Voodoo trading could add a lot to your bottom line. W.D. Gann, R.N. Elliott and other cultists spent years studying the market's mystical side, trying to figure out how obscure ideas could tap hidden profits. Magic numbers, astrological dates and prayer wheels have all been enlisted in the search for that elusive trading edge. Read More...
Voodoo trading could add a lot to your bottom line. W.D. Gann, R.N. Elliott and other cultists spent years studying the market's mystical side, trying to figure out how obscure ideas could tap hidden profits. Magic numbers, astrological dates and prayer wheels have all been enlisted in the search for that elusive trading edge. Read More...
Improve your trading with W.D. Gann's timeless methods - Forecasting service based on W.D. Gann's methods - The Complete Forecasting Package ... Gann Global Financial
NYSE Chart of the Day
Daily Trading Signals
URS has gotten a solid upside break through a key resistance level at 42.40, which is quite bullish. Look for more strength above this zone.
Daily Trading Signals
NASDAQ Chart of the Day
TTMI has formed a clear triangle consolidation, which has been winding up since August. A breakout from this pattern could spark a huge move. Watch 11.00 down, and 13.00 up.
Daily Trading Signals
TTMI has formed a clear triangle consolidation, which has been winding up since August. A breakout from this pattern could spark a huge move. Watch 11.00 down, and 13.00 up.
Daily Trading Signals
Determining Market Reversals and Continuations
Trendlines are perhaps the oldest tools known to chartists. Trendlines form across peaks and valleys called pivot points - relative highs and lows in a chart. As more points form along a line, it becomes more "established". This means that, when the line is broken, it will likely follow through with a strong move in the new direction.
Read More...
Daily Market Commentary
Updated Thursday, 11/16 for Friday's market.
Continued Strength...
Read More...
Updated Thursday, 11/16 for Friday's market.
| Key DOW Levels for 11/17 | |
| UP | Above 12,350 |
| DN | Below 12,125 |
Continued Strength...
- Dow reverses from early lows, rallies solidly through 12,200. The index peaked at 12,325 and eventually closed the day with a solid 54 point gain, but looks poised to hit the triangle's target of 12,365 soon.
- The NASDAQ and S&P each traded sideways-to-up today, as clear patterns are beginning to arrive. Watch near-term support tomorrow.
Summary
The Dow ended the day near the highs of the session after trending slowly higher throughout the day. The index continues to push toward the key consolidation target of 12,365, which could be hit tomorrow, but look for signs of a potential pull-back from current highs, as the index could be over-extended in the near term.
- The NASDAQ and S&P each traded sideways-to-up today, as clear patterns are beginning to arrive. Watch near-term support tomorrow.
Summary
The Dow ended the day near the highs of the session after trending slowly higher throughout the day. The index continues to push toward the key consolidation target of 12,365, which could be hit tomorrow, but look for signs of a potential pull-back from current highs, as the index could be over-extended in the near term.
Read More...
Thursday, November 16, 2006
Trading Ideas & Picks
Trading Ideas - Read More
GROW: This stock added two more points today on decent volume. Buy notes are in the chart from last week...
Trading Ideas & Picks
Trading Ideas - Read More
SwingTracker Scans: Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings, Triangle, Revival and more...
Trading Ideas & Picks
Trading Picks - Read More
WBN: has been traveling within an ascending triangle pattern since June 2005. The bulls were able to send the latest candlestick above the resistance of $25.50, which many traders would use as confirmation of an expected move higher...
PS - Remember, only 200 more subscriptions of Profit Feeder Service will be released, so be sure you claim your 'slot' before they fill up: » Claim your Profit Feeder stocks today... |
When is a Trend Truly Broken?
The importance of trendlines cannot be overstated when it comes to technical analysis. We are told to trade with the primary trend, exit when the trend reverses, enter on trend reversals, and so on. Trends are easy enough to identify, but when is a trend actually broken?
Read More...
NASDAQ Chart of the Day
Daily Trading Signals
ATRS took a nice gap up out of a solid triangle pattern, which indicates big strength. If the stock can maintain its hold above the breakout point of 23.00, we could see much more strength ahead.
Daily Trading Signals
NYSE Chart of the Day
Daily Trading Signals
ESE got a huge rally through a clear upper trend line with big volume behind the move, which is highly bullish. Look for continued strength out of this stock.
Daily Trading Signals
Daily Market Commentary
Updated Wednesday, 11/15 for Thursday's market.
Holding...
Read More...
Updated Wednesday, 11/15 for Thursday's market.
| Key DOW Levels for 11/16 | |
| UP | Above 12,300 |
| DN | Below 12,100 |
Holding...
- Dow reverses from early lows, rallies solidly through 12,200. The index eventually reached a high of 12,290 before getting a steady decline to the Close for an eventual 34 point gain, but more overall strength should be seen.
- The NASDAQ and S&P each pushed slowly higher throughout the session, but ended the day on a bearish note. Each should maintain overall strength above key support, however.
Summary
The Dow closed the day near the highs of the day, preserving the prior day's gains plus tacking on more profits in the process. The index continues to hold firmly above resistance at 12,200, which will continue to be a key fulcrum in the charts.
- The NASDAQ and S&P each pushed slowly higher throughout the session, but ended the day on a bearish note. Each should maintain overall strength above key support, however.
Summary
The Dow closed the day near the highs of the day, preserving the prior day's gains plus tacking on more profits in the process. The index continues to hold firmly above resistance at 12,200, which will continue to be a key fulcrum in the charts.
Read More...
Wednesday, November 15, 2006
Trading Education Tutorial
Pattern Cycles: Reversals
Read More...
Pattern Cycles: Reversals
No chart pattern better illustrates this slow evolution from bull market to bear decline than the Descending Triangle. Within this simple structure, the trader examines how life drains slowly from a dynamic uptrend. Variations of this destructive formation precede more breakdowns than any other reversal. And they can be found doing their dirty deeds in all time frames and all markets.
But why does it work with such deadly accuracy? Most traders don't understand how or why patterns predict outcomes. Some even believe these important tools rely on mysticism or convenient curve fitting. The simple truth is more powerful: congestion patterns reflect the impact of crowd psychology on changes in price and momentum...
But why does it work with such deadly accuracy? Most traders don't understand how or why patterns predict outcomes. Some even believe these important tools rely on mysticism or convenient curve fitting. The simple truth is more powerful: congestion patterns reflect the impact of crowd psychology on changes in price and momentum...
Read More...
Technical Indicators
Chande Momentum Indicator
Read More...The Chande Momentum Indicator is closely related to other indicators such as the Relative Strength Index. It differs from momentum indicators such as RSI and Stochastics by using information from both up and down days.
The usual method of interpreting the Chande Momentum Indicator is to look for overbought and oversold conditions. Generally the overbought level is at +50 and the oversold level at -50. These levels are approximate to the 70/30 levels on the Relative Strength Index. Either condition is a strong indicator of a change in the trend of buying/selling.
The CMI is also useful to spot trends, used in a similiar manner as the Vertical Horizontal Filter (VHF). The higher the Chande Momentum Indicator the stronger the trend. Buy when a long period CMI crosses above the short period moving average of the CMI. Sell at the converse...
The usual method of interpreting the Chande Momentum Indicator is to look for overbought and oversold conditions. Generally the overbought level is at +50 and the oversold level at -50. These levels are approximate to the 70/30 levels on the Relative Strength Index. Either condition is a strong indicator of a change in the trend of buying/selling.
The CMI is also useful to spot trends, used in a similiar manner as the Vertical Horizontal Filter (VHF). The higher the Chande Momentum Indicator the stronger the trend. Buy when a long period CMI crosses above the short period moving average of the CMI. Sell at the converse...
Daily Market Commentary
Updated Tuesday, 11/14 for Wednesday's market.
Huge Late-Day Rally...
Read More...
Updated Tuesday, 11/14 for Wednesday's market.
| Key DOW Levels for 11/15 | |
| UP | Above 12,250 |
| DN | Below 12,100 |
Huge Late-Day Rally...
- Dow reverses from early lows, rallies solidly through 12,200. The index rallied fiercely to the Close to eventually end the day with a 86 point gain after rallying 140 points from the day's lows.
- The NASDAQ and S&P each reversed sharply from the day's lows in what turned out to be a huge rally to the Close. Each index is now breaking into new territory, so we want to see if these levels can be maintained.
Summary
The Dow ended the day with a huge upside break from a major triangle pattern at 12,165. The pattern projects a 200 point advance from the breakout point, which indicates there's much more rally left in this index. However, if 12,150 is crossed, we could see a big failure.
- The NASDAQ and S&P each reversed sharply from the day's lows in what turned out to be a huge rally to the Close. Each index is now breaking into new territory, so we want to see if these levels can be maintained.
Summary
The Dow ended the day with a huge upside break from a major triangle pattern at 12,165. The pattern projects a 200 point advance from the breakout point, which indicates there's much more rally left in this index. However, if 12,150 is crossed, we could see a big failure.
Read More...
Tuesday, November 14, 2006
Moving Averages Help Us Identify Trend Reversals
One of the old axioms of technical analysis is that 'the trend is your friend'. This holds true, as long as you trade in the direction of the trend. However, your 'friend' has two faces, and can turn on you to eliminate profits (and your friendship!). Trend reversals can occur at any time and one of the important skills a trader must possess is the ability to identify a reversal. It is easy to exit a position too early if we over-anticipate a trend reversal, and just as easy to watch our profits evaporate if we are too slow to exit the trade.
Read More...
NASDAQ Chart of the Day
Daily Trading Signals
MSCC has formed a clear inverted head-and-shoulders pattern and is now testing the neck line (resistance) of the pattern at 20.85. A solid break through the top of this pattern could spark a solid rally in this stock.
Daily Trading Signals
NYSE Chart of the Day
Daily Trading Signals
JAH is winding up within the boundaries of an odd triangle range, although a breakout from this formation could spark big movement. Watch 37.00 up and 35.00 down for a solid breakout.
Daily Trading Signals
Daily Market Commentary
Updated Monday, 11/13 for Tuesday's market.
Rally & Hold...
Read More...
Updated Monday, 11/13 for Tuesday's market.
| Key DOW Levels for 11/14 | |
| UP | Above 12,165 |
| DN | Below 12,075 |
Rally & Hold...
- Dow rallies at Open, consolidates to the Close. After rallying 80 points to begin the day, the Dow traded quietly sideways the rest of the session to eventually close with a 23 point gain.
- The NASDAQ and S&P each rallied early in the day, followed by sluggish range movement the rest of the session. Each index is on the brink of a potential breakout. Watch their respective ranges for signs of a clear breakout soon.
Summary
The Dow ended the day within the boundaries of a tight consolidation after rallying early in the session. The index is now winding up within the boundaries of clear triangle that could prove to move the market soon. Look for more range movement within the boundaries of the triangle before a possible breakout is seen.
- The NASDAQ and S&P each rallied early in the day, followed by sluggish range movement the rest of the session. Each index is on the brink of a potential breakout. Watch their respective ranges for signs of a clear breakout soon.
Summary
The Dow ended the day within the boundaries of a tight consolidation after rallying early in the session. The index is now winding up within the boundaries of clear triangle that could prove to move the market soon. Look for more range movement within the boundaries of the triangle before a possible breakout is seen.
Read More...
Monday, November 13, 2006
Trading Ideas & Picks
Trading Ideas - Read More
SwingTracker Scans: Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings, Triangle, Revival and more...
Trading Ideas & Picks
Trading Picks - Read More
QQQQ: The bulls were able to recover nicely from last week's move below the ascending trendline. The QQQQ is now trapped between the trendline and the resistance of $43. We expect that the short-term direction of the index will now depend on which one of these identified trendlienes get broken first. The move back above the trendline suggests that the momentum could remain upward...
NASDAQ Chart of the Day
Daily Trading Signals
DCGN is holding firmly at key support at 4.75 and could get a huge bounce if 5.50 is decisively crossed. Watch this level for key strength.
Daily Trading Signals
NYSE Chart of the Day
Daily Trading Signals
BZH continues to wind up within the boundaries of a large triangle, which is on the verge of a potentially big breakout. Watch 45.00 up and 40.00 down.
Daily Trading Signals
Trading Education Tutorial
Breakaway Gaps
Pressure Helps Identify Movers
Gaps occur when there is a dramatic change in market conditions. They can occur at the beginning of a trading session (i.e. most NASDAQ stocks) or even during the session itself. There are three types of gaps that are of interest to us when we analyze charts: breakaway, measured (also known as continuation) and exhaustion gaps. Today we will discuss the breakaway gap.
Read More...
Breakaway Gaps
Pressure Helps Identify Movers
Gaps occur when there is a dramatic change in market conditions. They can occur at the beginning of a trading session (i.e. most NASDAQ stocks) or even during the session itself. There are three types of gaps that are of interest to us when we analyze charts: breakaway, measured (also known as continuation) and exhaustion gaps. Today we will discuss the breakaway gap.
Read More...
Daily Stock Picks
Bottoming -
Nov 10 for Nov 13:
IOTN OSTK SRDX UBET WLSN
(Stocks making a 52 WK low but closing higher than they opened)
Oversold Stocks -
Nov 10 for Nov 13:
CEGE ERES USMO WLSN XIDE
(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)
Overreaction -
Nov 10 for Nov 13:
HDTV IFON POTP PXPL SLTC
(Potential Bullish Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)
More Stock Picks ... Stock Picks Page #1
Bottoming -
Nov 10 for Nov 13:
IOTN OSTK SRDX UBET WLSN
(Stocks making a 52 WK low but closing higher than they opened)
Oversold Stocks -
Nov 10 for Nov 13:
CEGE ERES USMO WLSN XIDE
(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)
Overreaction -
Nov 10 for Nov 13:
HDTV IFON POTP PXPL SLTC
(Potential Bullish Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)
More Stock Picks ... Stock Picks Page #1
Daily Market Commentary
Updated Friday, 11/10 for Monday's market.
Sideways Day...
Read More...
Updated Friday, 11/10 for Monday's market.
| Key DOW Levels for 11/13 | |
| UP | Above 12,200 |
| DN | Below 12,050 |
Sideways Day...
- Dow trades sideways throughout session, holds at 12,100. The day's trading was quite ugly, but the index still closed the day positive with a 5 point gain. If the index continues to hold above the major lower trend line at 12,050, we could see another big move to new highs.
- The NASDAQ and S&P each pushed off lows fairly well today, much better than did the Dow. Each continues to hold above key support, which we will continue to watch for big direction next week.
Summary
The Dow closed the day basically where it ended yesterday, which is just above 12,100. The index continues to work out key direction, but remains above the major 12,050 level, which indicates continued overall strength.
- The NASDAQ and S&P each pushed off lows fairly well today, much better than did the Dow. Each continues to hold above key support, which we will continue to watch for big direction next week.
Summary
The Dow closed the day basically where it ended yesterday, which is just above 12,100. The index continues to work out key direction, but remains above the major 12,050 level, which indicates continued overall strength.
Read More...
Technical Indicators
Percentage Volume Oscillator (PVO)
Read More...Ihe Percentage Volume Oscillator (PVO) is the percentage difference between two moving averages of volume. Because of its formula, the PVO has a maximum value of +100, but no minimum value. The absolute value is not as important as the direction or the crosses above and below the zero line.
The PVO can be used to identify periods of expanding or contracting volume in three different ways:
· Centerline Crossovers:
· Directional Movement:
· Moving average crossovers:
Movements in the PVO are completely separate from price movements. As such, movements in PVO can correlated with price movements to assess the degree of buying or selling pressure. Advances combined with strength in the PVO would be considered strong. Should the PVO decline while a security's price fell, it would indicate decreasing volume on the decline.
The PVO can be used to identify periods of expanding or contracting volume in three different ways:
· Centerline Crossovers:
· Directional Movement:
· Moving average crossovers:
Movements in the PVO are completely separate from price movements. As such, movements in PVO can correlated with price movements to assess the degree of buying or selling pressure. Advances combined with strength in the PVO would be considered strong. Should the PVO decline while a security's price fell, it would indicate decreasing volume on the decline.
