Monday, April 30, 2007
Trading Education
Tutorial
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...
Technical Indicators
Standard Deviation
Channel
The Standard Deviation Channel is two lines plotted parallel to
the Linear Regression Trendline. These lines are distanced by n number of
standard deviations above and below the LRT.
Over time, prices generally move from one extreme to another. As market participants
become overly optimistic, prices are driven up at an unsustainable rate.
Likewise, when market participants are overly pessimistic, prices move down at
an unsustainable rate.
Given this, markets tend to have an equilibrium pricing point. While the Linear
Regression Trendline can help determine where such a point lies, it is the
Standard Deviation Channel that is helpful in determining where the extremes
fall...
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Daily Stock Picks
Bottoming -
Apr 27 for Apr 30:
PACT RSYS
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Apr 27 for Apr 30:
CCBL FWRD SBNY
(Stocks closing
higher than they opened, crossing up through their 25 Stochastic level, and on
150% + greater than average 6 month volume)
Volume Pop -
Apr 27 for Apr 30:
CHTR GNVC NGEN TUNE FALC LAVA QDEL SWIR
(Volume Pop With
High ADX & RSI)
More... Stock Picks Page #1
Trading Ideas &
Picks
Weekly Swing Ideas Report for April
30th - May 4th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(AMD Advanced Micro Dev, RTH Retail HOLDRs Tr Dep Receipt, LTD Limited Brands,
JWN Nordstrom, Inc, ASML ASML Holding NV), Triangle (IYR iShares DJ US R/E
Index Tr, ATI Allegheny Technologies, RF Regions Financial, MPEL Melco PBL
Entertainment ADS, PLD ProLogis), Revival, Reversals, Breakouts (WMI Waste
Management, MA MasterCard IncA, AW Allied Waste Ind, SOHU Sohu.com Inc, JEF
Jefferies Group), and more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for April 30th - May
4th - Positive Earnings Fuel a Move Higher
QQQQ: Monday's bullish move beyond the resistance set the tone for the
remainder of the week as traders priced in better-than-expected earnings. Many traders
will watch for the previous resistance to become an area of support in the
event of a pullback...
Trading
Picks - Read More
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Friday, 4/27 for Monday's market.
|
Key DOW Levels for 4/30
|
|
UP
|
Above 13,200
|
|
DN
|
Below 13,050
|
Still Holding...
- Dow trades mostly sideways, remains within steep uptrend. The index
set another new all-time intraday high of 13,147 and continues to remain in the
highly bullish uptrend that is three weeks long.
- The NASDAQ and S&P each traded sideways throughout the session today,
further developing their respective consolidation ranges. Look for a breakout
from these ranges for early direction Monday.
Summary
The Dow closed the day quietly within the boundaries of a tight range that
continues to form at highs from 13,060 to 13,150, which indicates more overall strength.
However, the index could be in dire need of a pull-back first. Watch 13,050
closely.
Read More...
