Tuesday, April 10, 2007
Technical Indicators
Ultimate Oscillator
Developed by Larry Williams, the Ultimate Oscillator combines a
stock's price action during three different time frames into one bounded
oscillator. The three time frames represent short, intermediate, and long term
market cycles (7, 14, & 28-period). Note that these time periods all
overlap, the 28-period time frame includes both the 14-period time frame and
the 7-period time frame. This means that the action of the shortest time frame
is included in the calculation three times and has a magnified impact on the
results.
It is expressed as a single line plotted on a vertical range valued between 0
and 100, with oversold territory below 30 and overbought territory above 70...
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Trading Education
Tutorial
Courtesy of
Nirvana Systems
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.
Read
More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
WSSI
held firmly at support at 11.15 yet again, as this level has turned around the stock
several times since last Fall, with each bounce leading to a nice 3 or 4 dollar
rally. Look for another potential move toward about 15.00.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
CNI
is getting the initial upside break through the top of a large triangle pattern
that has been forming since November. The break at 46.25 could spark much more
strength ahead, likely toward a target of about 54.00.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Monday, 4/9 for Tuesday's market.
|
Key DOW Levels for 4/10
|
|
UP
|
Above 12,600
|
|
DN
|
Below 12,490
|
Holdfing...
- Dow holds above 12,550, trades quietly to the Close. The index
closed the day above the 12,550 zone with a quiet 9 point gain, but remains
firmly implanted within the bullish 7-day uptrend.
- The NASDAQ and S&P each continue to hold at overall highs, but have
basically built out tight ranges to watch tomorrow. Continued overall strength
is likely, but a near-term pull-back could be seen.
Summary
The Dow closed the day basically where it began the session, as the index moved
slowly sideways throughout the day. The index continues to hold on to overall
gains, which is bullish, especially if the fulcrum of 12,500 continues to hold.
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Trading Ideas &
Picks
Weekly Swing Ideas Report for April 9th
- April 13th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(RSH RadioShack Corp, CHRS Charming Shoppes, SMSI Smith Micro Software, CEPH
Cephalon Inc, SFC Spirit Finance), Triangle (JNPR Juniper Networks, BRCM
Broadcom CorpA, GOOG Google IncA, CEPH Cephalon Inc, VRSN VeriSign Inc),
Revival, Reversals, Breakouts (DNDN Dendreon Corp, DCX DaimlerChrysler AG, ACL
Alcon Inc, GRZ Gold ReserveA, MFW M&F Worldwide), and more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for April 9th - April
13th - A Close Above the Resistance
QQQQ: The index showed its strength last week as bulls pushed the QQQQ
above the resistance of $44.50. This bullish price action could be the sign
many traders will use to confirm a move back toward the February high....
Trading
Picks - Read More
