Monday, April 02, 2007
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 April 2nd - April
6th - Unable to Break Above $44.50
QQQQ: The short-term resistance was found near the bottom of the gap,
near $44.50. This resistance proved to be too much for the bulls to handle, and
the bears took control again, sending the price back below the 100-day moving
average...
Trading
Picks - Read More
Trading Ideas &
Picks
Weekly Swing Ideas Report for April 2nd
- April 6th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(DELL Dell Inc, ORCL Oracle Corp, SNDK SanDisk Corp, RRI Reliant Energy, CC
Circuit City Stores), Triangle (HST Host Hotels & Resorts, BTU Peabody
Energy, SII Smith Intl, BMET Biomet Inc, PDE Pride Intl), Revival, Reversals
(INFY Infosys Technologies ADS, CECE Ceco Environmental, DCP DynCorp IntlA),
and more...
Trading
Ideas - 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.
Read More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
FCFS
is winding up within a very clear triangle pattern that could offer an
excellent breakout opportunity. Watch 21.20 for a downside break, and 22.60 for
an upside break next week.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
NUE
has had a lot of trouble in the 67.00 range since last December, as the stock
has really formed a very clear resistance level at this zone. Watch this level
for a clear break or bounce for the next big move.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Friday, 3/30 for Monday's market.
|
Key DOW Levels for 4/2
|
|
UP
|
Above 12,400
|
|
DN
|
Below 12,225
|
Bullish Flag...
- Dow increases in volatility, remains within highly bullish flag.
The index eventually closed the session with a modest 6 point gain and is now
building out within a highly bullish flag consolidation.
- The NASDAQ and S&P each had wild swings throughout the day, sparking nice
movement to the Close. Each index is now winding up within clear range that
could offer a potentially big breakout move Monday.
Summary
The Dow closed the day barely above the breakeven point after swinging both
ways throughout the day. The index is clearly winding up within a potentially
powerful range that could offer big breakout movement next week. Watch 12,400
and 12,225.
Read More...
