Friday, January 26, 2007

 
Trading Ideas & Picks

Swing Trade of the Week

IVGN: Stock surged past a resistance area with a bullish green candle then traded at the upper end of the bullish breakout candle, representing a consolidation and possible setup for further upside. Look to go long at 60.67...

Trading Ideas - Read More

 
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...

 
NASDAQ Chart of the Day




RESP got a large breakaway gap through the top of a large trading range at 39.50 today, which is highly bullish. Look for more strength from this stock, especially if 43.25 is solidly crossed.

Daily Trading Signals

 
NYSE Chart of the Day




RTN has held within a highly bullish uptrend that began last summer, essentially forming a very clear lower trend line in the process. A break of this lower line at 51.00 could really spark big movement to the downside.

Daily Trading Signals

 
Daily Market Commentary

Updated Thursday, 1/25 for Friday's market.

Key DOW Levels for 1/26

P

Above 12,650

DN

Below 12,450


Huge Reversal...

- Dow reverses sharply from yesterday's highs, drops steadily throughout the day. The index was unable to rise above the 12,635 zone and eventually broke below near-term support at 12,560 en route to a huge 119 point loss for the session.

- The NASDAQ and S&P each reversed sharply from early highs and proceeded to drop furiously throughout the day. The NASDAQ closed at key support, which we will watch for signs of a much bigger continuation.

Summary

The Dow ended the day near the lows of the session after taking a huge dive from all-time highs above 12,600 yet again. Today's decline was a steady, day-long event, which means this weakness could last much longer moving forward. Watch 12,450 for continued weakness.

Read More...

 

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

Thursday, January 25, 2007

 
Ultimate Trading Machine - Limited Edition Forex & Futures



 
Trading Ideas & Picks

Williams Companies Inc- WMB - Broken ascending triangle pattern

WMB: The stock has recently broken out of an ascending triangle pattern. The move back toward the trendline shown below, also known as a throwback, is a good example of the type of move that many traders expect to see following a break out of a triangle pattern...

Trading Picks - Read More

 
Technical Indicators

Moving Average, Triple Exponential

The Triple Exponential Moving Average (TRIX) is an oscillator used to identify oversold and overbought markets as well as a momentum indicator. For use as an oscillator look for a positive value to indicate an overbought market and a negative value indicate an oversold market. When TRIX is used as a momentum indicator, a positive value suggests increasing momentum just as a negative value suggests momentum is decreasing. Some believe that the TRIX crossing above the zero line is a buy signal and a closing below the zero line is a sell signal. Divergence between price and TRIX can also indicate significant turning points in the market.

Read More...

 
Trading Education Tutorial

Saucer Patterns




Rare Pattern Is One of the Most Predictive

TOne 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...

 
NASDAQ Chart of the Day




HYSL took a huge breakaway gap to the upside with big volume after bouncing higher from the major 38% retracement point in the charts. Look for much more strength from this stock above 39.00.

Daily Trading Signals

 
NYSE Chart of the Day




IR is holding at a very clear resistance level at 41.75, which has held for many months. Watch this level for a solid breakout or bounce for the next key move. Watch 42.00 up, and 40.50 down.

Daily Trading Signals

 
Daily Market Commentary

Updated Wednesday, 1/24 for Thursday's market.

Key DOW Levels for 1/25

P

Above 12,600

DN

Below 12,475


Above 12,600...

- Dow rallies throughout session, sets another all-time high. The index closed out above 12,600 for the first time ever, the index didn't really breakaway in an aggressive manner, which could mean we still have a fight at 12,600 to deal with.

- The NASDAQ and S&P each received huge bounces to the upside today, but with the Dow and S&P hitting new highs, the NASDAQ continues to lag overall. Look for continued strength, especially should continuation patterns form.

Summary

The Dow closed the session with a nice late-day advance, which pushed the index over the hump of 12,600. Look for the index to continue to struggle in this zone, unless 12,635 is crossed and held.

Read More...

Wednesday, January 24, 2007

 

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

 

Gann Global Financial

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Ultimate Trading Machine - From January 24th, 2007


 
Trading Education Tutorial

Trendline Breaks





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




AMGN has pulled back from a major resistance level via an exhaustion gap that could make for big weakness ahead. Resistance in this stock at 77.00 has held since last March and could continue to spark weakness from this zone. Look for another decline as a result.

Daily Trading Signals

 
NYSE Chart of the Day



JEC has broken a large triangle range to the upside at 84.50, which could spark a huge rally going forward. Look for new highs to be reached out of this stock.

Daily Trading Signals

 
Daily Market Commentary

Updated Tuesday, 1/23 for Wednesday's market.


Key DOW Levels for 1/23

P

Above 12,600

DN

Below 12,450


Big Bounce...

- Dow bounces higher from 12,450, fends off further decline. The index continues to fend off sellers in a highly resilient manner and is currently winding up within a larger triangle-type range that we'll want to watch closely.

- The NASDAQ and S&P each bounced nicely higher from key support levels today, but the NASDAQ was not able to maintain the momentum. The index closed the day with a sharp sell-off, which could be telling for tomorrow's market.

Summary

The Dow ended the day with a nice bounce from the 12,450 support level and is now winding up within a large triangle range. Look for more winding up ahead of the next big move, which would finally spark a breakout with legs.

Read More...

 

Ultimate Trading Machine - From January 24th, 2007



Tuesday, January 23, 2007

 
Technical Indicators

Herrick Payoff Index

The Herrick Payoff Index determines the amount of money flowing into or out of a futures contract by analyzing volume, price changes, and open interest changes.

When the Herrick Payoff Index is above zero it shows that money is flowing into the futures contract. When the Index is below zero it shows that money is flowing out of the futures contract.
The value of each new day is combined with the value of the previous day using a multiplying factor. Since this is a cumulative indicator the value at the beginning of the data series is zero. The value will primarily increase and decrease with the average price for each day, the amount regulated by the trading volume, changes in the number of open contracts, and changes in the average price.

The primary signal to watch for is a divergence from the price. If prices are increasing and the indicator is decreasing, prices will typically correct to confirm the indicator.

Read More...

 

Ultimate Trading Machine Live Webcast - January 23rd, 9PM EST

 
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...

 
NASDAQ Chart of the Day




CENT took a solid breakaway gap to the downside and through the bottom of a clear consolidation. Look for more selling from this stock.

Daily Trading Signals

 
NYSE Chart of the Day




CME is at a cycle high within the boundaries of a clear, uptrending channel. A downside push through 565.00 could send the stock back towards the bottom of the channel, which could offer about 30 to 35 points.

Daily Trading Signals

 
Daily Market Commentary

Updated Monday, 1/22 for Tuesday's market.


Key DOW Levels for 1/223


P

Above 12,600

DN

Below 12,450


Big Sell-Off...

- Dow breaks below 12,525, drops steadily throughout morning. The index later pulled back from the session's lows, but still closed the day off by 88 points and could be headed lower still.

- The NASDAQ and S&P each sold off heavily with the tech-heavy index leading the way via exhaustion gap. Look for each index to build out at the lows ahead of the next move.

Summary

The Dow closed the day basically sideways, as the index traded nowhere after the opening decline. Look for the index to build out the current consolidation ahead of the next key breakout move.

Read More...

Monday, January 22, 2007

 
Daily Stock Picks

Bottoming -

Jan 19 for Jan 22:
CELL CFNL CTHR DXCM EMKR EPEX FCEL FRPT IDSY MDTL NTBK SMMX STMP TRST

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

Oversold Stocks -

Jan 19 for Jan 22:
CWTR DSCM DXCM IAAC PPCO SMDI

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

Volume Pop -

Jan 19 for Jan 22:
../..

(Potential Bullish Run: Volume Pop With High ADX & RSI)

More... Stock Picks Page #1

 
Technical Indicators

Market Facilitation Index

Market Facilitation Index synthesizes both price and volume data in an effort to improve trading accuracy. In his book Trading Chaos, Williams identified four types of trading sessions: Fakes, Fades, Squats, and Greens.

The combination of lowered volume with a rising MFI is known as a "Fake." As there is no real foundation for change behind a stock except for market activity on the floor, the price eventually reverses itself.

A "Fade" is when volume is down and the MFI is also down. In essence, the market is bored and interest in the stock fades. Expect the price to move in the opposite direction.

When volume is up while the MFI is down, the condition is referred to as a "Squat." Think of the stock crouching down like a sprinter before a race. Movement after the squat gives a clue to future to direction.

When volume and the MFI are both up, the situation is "Green." This is a strong signal to follow the trendline...

Read More...

 
Trading Ideas & Picks

The QQQQ Report for January 22th - January 19th, 2007

QQQQ: The QQQQ was approching the resistance of its medium-term trendline. As you can see from the chart below, the bulls were unable to send the QQQQ above the resistance, which has caused a brief pullback toward the 15-day moving average. The next price target will be near the 100-day moving average if we see the bears send the QQQQ below the $44 support...

Trading Picks - Read More

 

Ultimate Trading Machine - Forex & E-mini's are the hottest markets today

Ultimate Trading Machine Live Webcast

At 9:00pm EST (New York Time) 6:00pm PST (Pacific Time) this Tuesday January 23rd You are invited to attend the live webcast where you will see the Ultimate Trading Machine (UTM) in action! Please make a note of the time, you do NOT want to miss this event.

If you haven't registered yet, this is your chance to do so.

Ultimate Trading Machine Blog

Have you been coming to the blog daily, and watching the videos? Then you know about the success that's being shown everyday using the non-subjective UTM methodology.

But what you don't know is how these results are being achieved, and how easily you can get them too, once you own your limited edition copy of The UTM. This evening NetPicks will be revealing major secrets and insights into the very foundation of the system, and how it works.

Ultimate Trading Machine Live Webcast

You'll see why it is so effective, and why it is so simple to learn. You will be taken through recent trades, and shown how it differs from the other software and training systems on the market. You'll be told why the exclusive group of the current owners keep raving about it, and just what they are saying.

Find out how many copies will be available, (there won't be enough for every trader, but you'll be given a chance to pre-register to ensure yourself a copy.) Also, you'll be told how long it will be available for (it won't be very long, that I can tell you now.) Finally, you'll get to ask your questions directly to the chief developer, a very rare chance to do so.

Register if you haven't yet on the blog:

Ultimate Trading Machine Blog

You will also see videos of recent UTM trades on this page as well.


 
Trading Education Tutorial

Volume Climax



Volume Helps Identify Reversals

Various price patterns can alert us to potential reversal candidates. Trendline Breaks, Support and Resistance Levels, Fibonacci Retracement Levels and other price information are valuable in determining a change in direction for a security. However, one of the most overlooked chart patterns that help us determine reversals is not reflected in the price itself. Volume climaxes are easily identifiable and valuable in assessing a change in market sentiment.

Read More...

 
NASDAQ Chart of the Day




HOKU got a huge breakaway gap and rally yesterday on increased volume, but got a huge sell-off today on declining volume, which is a classic volume climax reversal. Thi could be very bearish for this stock ahead. Watch for a break below 5.25 for more selling.

Daily Trading Signals

 
NYSE Chart of the Day




BEC got a big upside break through the major 62.00 resistance level, which had remained in tact since the end of 2005. This breakout could lead to a solid upside continuation of the already bullish stock. Look for strength toward the 73.00 zone.

Daily Trading Signals

 
Daily Market Commentary

Updated Friday, 1/19 for Monday's market.


Key DOW Levels for 1/22

P

Above 12,625

DN

Below 12,500


At Resistance...

- Dow maintains stance at resistance, despite technology sell-off. The index lost just 2 points on the day, as it continues to build out ahead of the next big move.

- The NASDAQ and S&P each pulled back from lows today, as each index was able to find support. Look for potential consolidations to build out ahead of the next key move.

Summary

The Dow ended the day much like it has throughout the week, as the index continues to hold at highs just beneath the major 12,600 zone. Look for a break away from this level next week. Watch 12,525 and 12,625 Monday.

Read More...

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