Friday, March 16, 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

 
Technical Indicators

McClellan Oscillator

Based on the smoothed difference between the number of advancing and declining issues on the New York Stock Exchange, similar to MACD, the McClellan Oscillator is a breadth indicator that uses advances and declines to determine the amount of participation in the movement of the stock market. One sign of a healthy bull market is a large number of stocks making moderate upward advances in price. A small number of stocks making large advances in price is a sign of a weakening bull market. This situation gives the false appearance that all is well and is the type of divergence that often signals an end to a bull market.

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Recent Picks / Trading Ideas

Free Trading Videos - Swing Trading - Futures Trading - Forex Trading - March 2007
ABK - Rising wedge formation March 15
Stock moved below the support of the ascending trendline on very heavy volume. Watch for a move back toward breakdown low near $83.50 ...
Swing Trade of the Week March 15
IBM: Stock ended a nice MA uptrend with a crossover down and is now on a countertrend move. Look to go short at 94.89 or higher to take advantage of this rally in overall downtrend. ...
Northern Trust Corp - Testing the support March 8
NTRS: is in the process of testing the support of an ascending trendline. A break below $58.50 can signal a move toward the swing low near $56.50 ...
AAPL - Numerous Upgrades Lifting Stock March 6
Buy above the descending trendline at $89, sell short below the horizontal trendline at $82.80 ...
Weekly Swing Ideas Report for March 5th - March 9th March 5
Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings, Triangle, Revival and more ...
Swing Trade of the Week March 1
CRDN: Stock surged down through a support area, then traded at the lower end, representing a consolidation and possible setup for further downside. Look to go short at 50.62 ...
BJ - Beak out of Trading range Feb 22
Stock broke out of its confined trading range, suggesting the end of its sideways momentum. The 52-week high has put an end to consolidation and traders will watch for a move higher ...
Monthly Market Recap February 1
The Macro weekly uptrend is still bullish, the uptrend is intact. The longer term trend is up, but the market is very susceptible for possible near term corrections. ...
A Year of Transition Jan 4
Gann Global Financial - This year should be a transitional with 2 major financial events ...

 
Trading Education Tutorial
Courtesy of Nirvana Systems

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.

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




MEDI got a big bounce off key support today at 30.40, which has held firmly since November. Look for more strength above this support level moving forward, especially if 33.00 is crossed and held.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




ASF is winding up within a clear consolidation that has formed at the lows of the overall decline. A breakout in either direction from this pattern could spark key movement. Watch 37.00 up and 35.00 down.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Thursday, 3/15 for Friday's market.

Key DOW Levels for 3/16

UP

Above 12,200

DN

Below 11,925


Holding...

- Dow holds modest gains, builds out tight consolidation at highs. The index held on to a 26 point gain and is now building out a tight consolidation at the highs of yesterday's late-day rally, which could spark more strength ahead tomorrow.

- The NASDAQ and S&P each traded quietly sideways throughout most of the session as volatility dried up. However, we could see a nice breakout from their respective ranges tomorrow.

Summary

The Dow opened the session strong today, but basically traded sideways the rest of the session, building out a clear consolidation at the highs in the process. This consolidation could offer additional strength tomorrow. Watch 12,200.

Read More..

Thursday, March 15, 2007

 
Trading Ideas & Picks

Swing Trade of the Week

IBM: Stock ended a nice MA uptrend with a crossover down and is now on a countertrend move up to the Downtrending MAs. Look to go short at 94.89 or higher to take advantage of this rally in overall downtrend...

Trading Ideas - Read More

 
Trading Ideas & Picks

Ambac Financial Group - ABK - Rising wedge formation

ABK: The stock has been trading within a long-term rising wedge formation, moved below the support of the ascending trendline on very heavy volume. Watch for a move back toward breakdown low near $83.50...

Trading Picks - Read More

 
Trading Education Tutorial
Courtesy of Nirvana Systems

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.

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




GNSS is breaking a clear upper trend line to the upside via a solid breakout. Watch for more strength above this zone.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




KWK is winding up within a large triangle pattern that could offer a solid breakout opportunity. Watch 40.00 up, and 36.50 down.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Wednesday, 3/14 for Thursday's market.

Key DOW Levels for 3/15

UP

Above 12,350

DN

Below 11,095


V-Bottom Rally...

- Dow breaks critical support, but rallies after reversing sharply from lows. The index dropped an additional 100 points for a total of 135 points of losses before rallying 200 points to the Close for a 57 point gain. Today's late-day rally puts a wrinkle in direction, but offers an option of potential strength ahead.

- The NASDAQ and S&P each reversed from key lows this morning, as the NASDAQ held critical lows to the 'T'. Look for more near-term strength above this support.

Summary

The Dow got a huge upside reversal from lows after dipping below the 12,000 zone for the first time this year. The index is now back above 12,100 and could continue to build toward its next key move.

Read More..

Wednesday, March 14, 2007

 
Quantum Swing Trader - Discover Where Stock Market Potential Becomes Reality


If you had a stock trading method that let you discover when a stock was about to make a massive move UP or DOWN, and then showed you, step-by-step, how to take advantage of that move to potentially pull profits out of the markets... would you be interested?

The "sweet spot" of Quantum Swing Trader is that it shows you how to take just a few common indicators, but use them in an uncommon way to "pinpoint" the spot in any stock where it has a high probability of making a massive move UP or DOWN, but not stay the same.

* Quantum Swing Trader - Limited Edition*

 
Technical Indicators

Demarker Indicator

Developed by Tom Demarker, the Demarker Indicator is an oscillator which identifies risk areas for buying and selling. It is an attempt to overcome the shortcomings of classical overbought / oversold indicators, making price comparisons from one bar to the next and measuring the level of price demand.

It is similar to the Demarker Range Expansion Index in that it identifies price exhaustion that normally correspond with tops and bottoms. The x-axis ranges from -100 to 100. Look for rises above 60 to indicate low risk and look for areas below 40 to indicate high risk...

Read More...

 
Trading Education Tutorial
Courtesy of Nirvana Systems

Triangles





Tightening Price Action Leads to a Breakout

There are various forms of consolidation and they occur anytime there is an equilibrium of buyers and sellers. One of the most predictive consolidation formations is the triangle.

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




WOOF has built out a clear head-and-shoulders pattern after forming an island reversal pattern earlier in the month. Look for a big break through the neck line of the pattern at 35.25 for more selling ahead.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




WGO is breaking key support at 31.10, which could offer much more selling ahead.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Tuesday, 3/13 for Wednesday's market.

Key DOW Levels for 3/14

UP

Above None

DN

Below 12,025


Steady Decline...

- Dow breaks early support, drops steadily to the Close. The index eventually closed at the session's lows with a huge 243 point loss and is now approaching critical support at 12,040, which will likely be tested soon.

- The NASDAQ and S&P each sold off heavily throughout the session and are now approaching key lows. Watch these support levels tomorrow.

Summary

The Dow closed the day at the session's lows and is now approaching critical support at 12,040, which is a huge 'line in the sand'. Watch this zone closely, as the index tests ahead of the next directional move.

Read More...

Tuesday, March 13, 2007

 
Trading Education Tutorial
Courtesy of Nirvana Systems

Trendlines




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.

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NASDAQ Chart of the Day
Courtesy of Nirvana Systems




FRED has reached major resistance yet again at around 15.20, as this level has been a major hurdle for the stock for a year. Watch for another round of selling to arise from this zone, unless resistance can finally be broken.

Daily Trading Signals

 
NYSE Chart of the Day
Courtesy of Nirvana Systems




PLT is getting an upside breakout through the top of a large converging range via a breakaway gap. Look for more strength out of this stock in the days to come.

Daily Trading Signals

 
Daily Market Commentary
Courtesy of Nirvana Systems

Updated Monday, 3/12 for Tuesday's market.

Key DOW Levels for 3/13

UP

Above 12,350

DN

Below 12,200


12,350 Holds...

- Dow rises slowly to 12,350, sells off to the Close. The index kissed the level before dropping steadily to the Close, ending the day with a 42 point gain.

- The NASDAQ and S&P each traded back and forth throughout the session and continue to build out large triangle ranges. These ranges could continue to build out ahead of a potential breakout move.

Summary

The Dow ended the day with a gain after pushing slowly higher throughout much of the session. However, the key 12,350 resistance level rejected the index again and continues to play a major role as a fulcrum. Continue to watch this zone for the next key break or bounce.

Read More...

 
Trading Education Tutorial
Courtesy of Nirvana Systems

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.

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