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Daily Market Commentary



Thursday, December 07, 2006


 

NetPicks' Live Webcast + Blog

Ultimate Trading Machine Webcast

Yesterday Netpicks released a "Forex and Futures Top Ten Trading Secrets Video" + a special Bonus "Insider's Guide" report that really hit home to the 3100+ traders who downloaded and viewed these very helpful guides.

Elements such as removing the subjectivity, using one simple indicator instead of many, and grasping an entire new market or trading approach in a matter of days instead of months. The truth about proper leverage, what tools you really must have, and what the brokers just don't tell you, among several other key points we touched on.


If you are a trader, and haven't yet downloaded this no-c ost, totally unique and eye opening Myth Busting Video, + bonus report, you absolutely need to go to and get it right away on the Netpicks Ultimate Trading Machine (UTM) blog.


Ultimate Trading Machine Blog

(Scroll down about half way to find it)

As you can see, the blog is live, and it shows the exact results that this strategy you will soon learn about, gets each day.

Here, you will see details of the last release on there done in October (this hasn't been available for purchase since), including videos, commentary and more. Plus we will be adding recent videos of trades taken this week as well.


If you are at all skeptical - GOOD! You should be. There are many systems that are readily available, making all kinds of claims. But none of them come even close to the UTM, and they will show you specifically why in a just a few days.


Ultimate Trading Machine Webcast

 



Mark this date and time in your calendar right now... Tuesday, December 12th at 9PM EST. This is where you can reserve your spot:

Ultimate Trading Machine Webcast

The folks at Netpicks are holding a live webcast this Tuesday, December 12th at 9pm EST (New York Time) or 6pm PST (Pacific Time.)

It is very important you attend, Anthony Trister, along with Netpicks chief developer will be in the call, and this will afford you a very rare chance to hear him speak live, and get all your answers directly. This is where you can reserve your spot:

Ultimate Trading Machine Webcast

Wewbcast will be covering specific information about the system, showing charts on how it trades, the markets it covers, why it is so powerful and just how it can be so accurate, as well as the answers to the other unknown's mentioned above.

There is a void in the marketplace, and the UTM fills it. While most systems are subjective, and often complicated allowing much room for interpretation, mistakes, and varied results, this is not. We all take the same setups, and we all get the same consistent results. In fact, when NetPicks did their internal launch back in October, the demand was so great, the offer was pulled several days early, as the copies simply sold out.

This Thusday, you will find out why. To register for the event go to:

Ultimate Trading Machine Webcast

Space is limited to the first 500 registrants, and it will fill up fast. This is an event you don't want to miss. More details will follow upon registration.


P.S. - Ultimate Trading Machine will be available once more on December 15th, 2006, for the last time this year, and the last time before the price is raised again to $1495 next year ... Click HERE

 


Trading Education Tutorial

Consolidations




Sideways Movement Gives Indication of Future Price Direction

A consolidation is a place where buyers and sellers are very closely matched in numbers. As the battle ensues, others notice that the market is consolidating, and begin considering to get on board. As soon as a break from the consolidation occurs, the latent buyers or sellers usually begin taking positions.

Read More...

 

 

NASDAQ Chart of the Day


ORCL is breaking a large trend line to the downside via a breakaway gap and increased volume, which is bearish. Watch 17.60 for additional confirmation of selling.


Daily Trading Signals

 

NYSE Chart of the Day

TGT has formed a clear consolidation at the highs of the recent overall advance. A breakout from this range in either direction should yield key movement. Watch 59.00 up, and 56.00 down.


Daily Trading Signals

 


Daily Market Commentary

Updated Wednesday, 12/6 for Thursday's market.

Key DOW Levels for 12/7

P

Above 12,375

DN

Below 12,075


Holding...

- Dow trades slowly sideways throughout session, remains near highs. The index basically held ground throughout the day and eventually closed with a modest 22 point loss.

 

- The NASDAQ and S&P each traded sideways throughout the session today, but are clearly winding up for a potential breakout. Watch their respective consolidations tomorrow.


Summary

The Dow closed the day very quietly today, but continues to hold near the overall highs, which is bullish. If the index can continue to hold above 12,250, we could see another burst of strength soon. Watch this support level closely.


Read More...

 


P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time. Millennium Trading offers Swing & Day Trading Strategies for the full or part-time trader. » Get More Info Now!


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