Thursday, March 22, 2007
Trading Ideas & Picks
Trading Picks - Read More
INTC: The stock has been able to find support at the influential $19 level. MACD has recently moved above its signal line suggesting that a move toward $20 is more probable than the move toward $18...
Trading Ideas & Picks
Trading Ideas - Read More
HITT: Stock ended its MA downtrend with a bullish gap up in late January. As a result MAs have moved into an uptrend with a crossover up. Stock is coming of a nice reversal just below the uptrending MAs. Look to go long at 40.76...
Trading Education Tutorial
Courtesy of Nirvana Systems
Fibonacci Retracement Levels
Using Retracement Levels in Your Trading
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Fibonacci Retracement Levels
Using Retracement Levels in Your Trading
Fibonacci Retracement Levels are one of the most powerful (and underused) tools available to traders. These measurements are of great use with any market that is reasonably liquid. Many technicians have noted that markets tend to reverse or consolidate once they reach one of these ratio levels (measured from the distance of the previous trends reversal). They can used as entry levels, exit levels and even as a money management tool.
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NASDAQ Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
GSIC has broken a large ascending triangle range to the upside at 21.00 on increased volume and could be headed much higher. Watch for more strength out of this pattern.
Daily Trading Signals
NYSE Chart of the Day
Courtesy of Nirvana Systems
WMS is breaking through the top of a clear triangle consolidation at 39.75, which could offer much more strength ahead. Watch for a continuation through 41.00 for more signs of strength.
Daily Trading Signals
Courtesy of Nirvana Systems
WMS is breaking through the top of a clear triangle consolidation at 39.75, which could offer much more strength ahead. Watch for a continuation through 41.00 for more signs of strength.
Daily Trading Signals
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Wednesday, 3/21 for Thursday's market.
Late-Day Rally...
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Courtesy of Nirvana Systems
Updated Wednesday, 3/21 for Thursday's market.
| Key DOW Levels for 3/22 | |
| UP | Above 12,500 |
| DN | Below 12,250 |
Late-Day Rally...
- Dow breaks through 12,350, rallies strongly to the Close. The index rallied sharply the rest of the session for a 159 point gain and is now sitting just beneath the 12,500 level.
- The NASDAQ and S&P each rallied sharply late in the day after blowing through key resistance levels. Look for more overall strength above these broken resistance levels.
Summary
The Dow ended the day with a very strong rally, as the index blew through the 12,350 zone. Look for more strength above this level, especially should a continuation pattern form.
- The NASDAQ and S&P each rallied sharply late in the day after blowing through key resistance levels. Look for more overall strength above these broken resistance levels.
Summary
The Dow ended the day with a very strong rally, as the index blew through the 12,350 zone. Look for more strength above this level, especially should a continuation pattern form.
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Wednesday, March 21, 2007
Trading Education Tutorial
Five Fibonacci Tricks
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Five Fibonacci Tricks
Fibonacci jumped into the technical mainstream late in the bull market. Futures traders had it all to themselves until real-time software ported it over to the equity markets. Its popularity exploded as retail traders experimented with its arcane math and discovered its many virtues.
Fibonacci ratios describe the interaction between trend and countertrend markets -- 38%, 50% and 62% retracements form the primary pullback levels. Apply these percentages after a trend in either direction to predict the extent of the countertrend swing. Stretch a grid over the most obvious up or down wave, and see how percentages cross key price levels.
Convergence between pattern and retracement can point to excellent trading opportunities. Keep in mind that retracements work poorly in a vacuum. Always examine highs, lows and moving averages to confirm the importance of a specific level...
Fibonacci ratios describe the interaction between trend and countertrend markets -- 38%, 50% and 62% retracements form the primary pullback levels. Apply these percentages after a trend in either direction to predict the extent of the countertrend swing. Stretch a grid over the most obvious up or down wave, and see how percentages cross key price levels.
Convergence between pattern and retracement can point to excellent trading opportunities. Keep in mind that retracements work poorly in a vacuum. Always examine highs, lows and moving averages to confirm the importance of a specific level...
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Technical Indicators
CCT Bollinger Bands Histogram
Read More...The CCT Bollinger Band Oscillator, also sometimes referred to as 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...
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...
Trading Education Tutorial
Courtesy of Nirvana Systems
Double Tops and Bottoms
Waiting for the Setup to Complete Results in Profits
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Double Tops and Bottoms
Waiting for the Setup to Complete Results in Profits
There are various chart patterns that help us find good reversal candidates. Of the major reversal patterns, the double top or bottom is not only one of the most recognizable, but also one of the most predictive.
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NASDAQ Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
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DISCA stopped the recent advance smack into a clear double top resistance level at 17.45, which could offer an early signal for Shorts. Watch for weakness below 16.75.
Daily Trading Signals
NYSE Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
IFS may be forming a clear volume climax reversal pattern after topping out at 31.91 with increased volume. Watch for a break below 28.50 for a potential fill of the large gap.
Daily Trading Signals
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Tuesday, 3/20 for Wednesday's market.
Slow Advance...
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Courtesy of Nirvana Systems
Updated Tuesday, 3/20 for Wednesday's market.
| Key DOW Levels for 3/21 | |
| UP | Above 12,350 |
| DN | Below 12,200 |
Slow Advance...
- Dow pushes slowly higher throughout session, gains 62 points. The index continues to push slowly higher, but is now approaching major resistance at 12,350.
- The NASDAQ and S&P each pushed slowly higher today, closing at the day's highs. Look for continued potential sideways movement at resistance, unless a move occurs away from this zone.
Summary
The Dow closed the day near the highs of the session after trending slowly higher throughout the day. The index continues to hold within the large trading range, but is approaching key resistance at 12,350. Watch this zone closely.
- The NASDAQ and S&P each pushed slowly higher today, closing at the day's highs. Look for continued potential sideways movement at resistance, unless a move occurs away from this zone.
Summary
The Dow closed the day near the highs of the session after trending slowly higher throughout the day. The index continues to hold within the large trading range, but is approaching key resistance at 12,350. Watch this zone closely.
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Tuesday, March 20, 2007
Technical Indicators
Rate of Change
Rate of Change
Read More...Rate of Change
The Rate of Change is an oscillator that displays the difference between the current price and the price x-time periods ago. As prices increase, the ROC rises and as prices fall, the ROC falls. The greater the change in prices, the greater the change in the ROC.
The 10-day ROC is an excellent short - to intermediate term overbought/oversold indicator. The higher the ROC, the more overbought the security; when the ROC falls expect a rally. As with all overbought/over-sold indicators, watching for the market to start its correction before placing a trade. Often extremely overbought/oversold readings usually imply a continuation of the current trend and any overbought market may remain that way for some time.
The 10-day ROC is an excellent short - to intermediate term overbought/oversold indicator. The higher the ROC, the more overbought the security; when the ROC falls expect a rally. As with all overbought/over-sold indicators, watching for the market to start its correction before placing a trade. Often extremely overbought/oversold readings usually imply a continuation of the current trend and any overbought market may remain that way for some time.
Trading Education Tutorial
Courtesy of Nirvana Systems
Moving Averages and the Trend
Moving Averages Help Us Identify Trend Reversals
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Courtesy of Nirvana Systems
Moving Averages and the Trend
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.
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NASDAQ Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
PTEN is holding at critical support at 21.45, which has held for many months. Watch 22.75 for more strength.
Daily Trading Signals
NYSE Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
ABI is beginning to show some strength from lows after taking a modest breakaway gap up Friday. While this may be an early signal of strength, it could recover nicely if 30.60 is taken out.
Daily Trading Signals
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Monday, 3/19 for Tuesday's market.
Pop & Hold...
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Courtesy of Nirvana Systems
Updated Monday, 3/19 for Tuesday's market.
| Key DOW Levels for 3/20 | |
| UP | Above 12,350 |
| DN | Below 12,050 |
Pop & Hold...
- Dow rallies at Open, consolidates to the Close. The index proceeded to trade sideways at the highs the rest of the session within a very tight 30 point range, but still managed to close with a solid 116 point gain.
- The NASDAQ and S&P each rallied early, followed by slow and steady movement sideways the rest of the day. Look for a breakout from today's consolidation range for key direction tomorrow.
Summary
The Dow rallied solidly at the Open of the day and was able to hold gains to the Close, which is bullish heading into tomorrow's market. However, the Dow remains firmly implanted within the boundaries of the large trading range that continues to span from 11,950 to 12,350. Watch for a larger breakout from this range for major movement.
- The NASDAQ and S&P each rallied early, followed by slow and steady movement sideways the rest of the day. Look for a breakout from today's consolidation range for key direction tomorrow.
Summary
The Dow rallied solidly at the Open of the day and was able to hold gains to the Close, which is bullish heading into tomorrow's market. However, the Dow remains firmly implanted within the boundaries of the large trading range that continues to span from 11,950 to 12,350. Watch for a larger breakout from this range for major movement.
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Monday, March 19, 2007
Daily Stock Picks
Bottoming -
Mar 16 for Mar 19:
ARAY AUDC BDAY ENCY FLDR HEES IPGP ORIT PAET PLUG PRVT SDXC VIMC
(Stocks making a 52 WK low but closing higher than they opened)
Oversold Stocks -
Mar 16 for Mar 19:
CERS GMKT GSIC HTRN KFRC SLXP SRSL TSAI UAPH
(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)
Volume Pop -
Mar 16 for Mar 19:
ADPT FICC
(Volume Pop With High ADX & RSI)
More... Stock Picks Page #1
Bottoming -
Mar 16 for Mar 19:
ARAY AUDC BDAY ENCY FLDR HEES IPGP ORIT PAET PLUG PRVT SDXC VIMC
(Stocks making a 52 WK low but closing higher than they opened)
Oversold Stocks -
Mar 16 for Mar 19:
CERS GMKT GSIC HTRN KFRC SLXP SRSL TSAI UAPH
(Stocks closing higher than they opened, crossing up through their 25 Stochastic level, and on 150% + greater than average 6 month volume)
Volume Pop -
Mar 16 for Mar 19:
ADPT FICC
(Volume Pop With High ADX & RSI)
More... Stock Picks Page #1
Trading Ideas & Picks
Weekly Swing Ideas Report for March 19th - March 23rd
Weekly Swing Ideas Report for March 19th - March 23rd
Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings (DG Dollar General, CVC Cablevision SysA, INSP InfoSpace Inc, JAS Jo-Ann Stores), Triangle (DG Dollar General, SLB Schlumberger Ltd, SII Smith Intl, MA MasterCard IncA), Revival, Reversals (HEES H&E Equipment Svcs, UAPH UAP Holding), and more...
Trading Ideas - Read More
Trading Ideas & Picks
Trading Picks - Read More
QQQQ: Friday's failed move above the 15 DMA suggests that it will continue to act as a level of short-term resistance and that we could see the QQQQ drift toward the longer-term support of its 200-day moving average...
Trading Education Tutorial
Courtesy of Nirvana Systems
Trading Ranges
Big Moves Occur Outside of the Range
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Courtesy of Nirvana Systems
Trading Ranges
Big Moves Occur Outside of the Range
A trading range is basically a horizontal channel in which a security moves from the high and low of the channel for an extended amount of time. Obviously, the upper level of the range can be considered resistance and the lower level represents support. Trading within a range is possible, but it's the breakout from the range that provides the best opportunities.
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NASDAQ Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
FRED continues to hold firmly beneath major resistance at 15.10 and has put in another serious wick, which could indicate another sell-off attempt could be ahead. Watch for a break away from this resistance level for key medium term direction.
Daily Trading Signals
NYSE Chart of the Day
Courtesy of Nirvana Systems
Daily Trading Signals
Courtesy of Nirvana Systems
ANN took a nice breakaway gap to the upside out of a lingering saucer pattern, which could offer solid bullish movement toward highs at around 45.00.
Daily Trading Signals
Daily Market Commentary
Courtesy of Nirvana Systems
Updated Friday, 3/16 for Monday's market.
HIn the Range...
Read More..
Courtesy of Nirvana Systems
Updated Friday, 3/16 for Monday's market.
| Key DOW Levels for 3/19 | |
| UP | Above 12,200 |
| DN | Below 11,950 |
HIn the Range...
- Dow opens with volatility, closes quietly. The index closed the day lower by 49 points, but ended very quietly. Look for a potentially big breakout move to occur next week.
- The NASDAQ and S&P each pulled back from early highs today, but remain within clear consolidation ranges. Watch these ranges closely for direction Monday.
Summary
The Dow closed the day lower, but almost looks ready to challenge resistance at 12,350. Watch 12,200 for early signs of strength, unless 12,050 is taken out.
- The NASDAQ and S&P each pulled back from early highs today, but remain within clear consolidation ranges. Watch these ranges closely for direction Monday.
Summary
The Dow closed the day lower, but almost looks ready to challenge resistance at 12,350. Watch 12,200 for early signs of strength, unless 12,050 is taken out.
Read More..
