Monday, August 13, 2007
Daily
Stock Picks
Bottoming
-
August 10 for August 13:
ABTL ACIW ACTL AMWD ASTM ASYT AVGN BAGL BKCC BLOG BPOP CLZR CODI COHR COMS COWN
CRMH CTRN CYTO DBRN DMAN DSUP ESPD EXTR FCSE FRED HBAN HTRN IBOC IFON IIJI INHX
IONA IVAC KELYA KONG LCBM LONG MCHX MERX MWRK MXGL NARA NEWS NTII NUHC NUVO
OPWV OSIP PCBC PLCE QLGC RFMD RNVS SEAC SGTL SHLM SNWL SORC SPSN SYMM SYNM TAST
TELK TFSL TLCV TQNT TRMA TWGP TZOO UTSI VECO VPHM VSTA VVTV WIBC XLTC ZIGO
(Stocks
making a 52 WK low but closing higher than they opened)
Oversold Stocks -
August 10 for August 13:
AASIA AZPN CPWR ELNK EXTR NOVL PSEM RNWK SWKS TLAB UPFC
(Stocks
closing higher than they opened, crossing up through their 25 Stochastic level,
and on 150% + greater than average 6 month volume)
Volume Pop -
August 10 for August 13:
AXCA MMPI NPBC STSA SUSQ SWSI TMRK UMPQ DRRX MECA PWER
(Volume Pop
With High ADX & RSI)
More... Stock Picks Page #1
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...
Read More...
Trading Education Tutorial
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
opportunitiese.
Read More...
NASDAQ Chart of the
Day
Courtesy
of Nirvana Systems
GLYT looks to be forming a nice
double bottom support level, which is typically a bullish pattern. If the stock
can remain above 65.00, we could see a nice rally due to this pattern.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
SON got a big tail reversal from
lows and followed through with the move with a huge bar today, which is quite
bullish. Given the recent decline in this stock, we could see a solid
retracement after this two-day advance.
Daily Trading Signals
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.
Read More...
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Friday, 8/10 for Monday's market.
|
Key DOW Levels for 8/13
|
|
UP
|
Above 13,800
|
|
DN
|
Below 13,300
|
Volatile Swings...
- Dow tests 13,100 level, trades sideways in
volatile 250 point range. The index rallied about 250 points from the day's lows,
dropped 150 points, then rallied 150 points into the Close - which is quite a
demonstration of volatility.
- The NASDAQ and S&P closed the day with buying into the Close and continue
to hold above critical support levels after today's tests. Look for the indexes
to continue to test these zones until a solid break or bounce occurs.
Summary
The Dow ended the day with another burst higher from the 13,100 fulcrum that we
continue to watch. Look for the Dow to continue to wind up within the current
200 point range before another key breakout move occurs. If the Dow remains
above 13,000, we could see another wave of buying back toward the 13,600 zone.
Read More...
