Monday, December 11, 2006
Technical Indicators
Projection
Oscillator
The Projection Oscillator is a by-product of Dr. Mel Widner's
Projection Bands. In essense a slope-adjusted Stochastic, the Projection
Oscillator shows the relationship of the current price to its minimum and
maximum prices over time. Unlike the Stochastic Oscillator, here the minimum
and maximum prices are adjusted up or down by the slope of the price's
regression line. It is this adjustment that makes the Projection Oscillator so
responsive to short-term price moves.
Three common ways to interpret the Projection Oscillator:
· Overbought/oversold
· Crossovers
· Divergences
Read More...
Daily Stock Picks
Bottoming -
Dec 8 for Dec 11:
ALLT ANLY JMBA NWRE
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Dec 8 for Dec 11:
QUIK VOCS MPET
(Stocks closing higher than they opened, crossing up through their 25
Stochastic level, and on 150% + greater than average 6 month volume)
Volume Pop -
Dec 8 for Dec 11:
FORG GNVC IMMU MAMA MOVI MVIS ROHI WFII EXPE ICON ISIS NHWK VNDA
(Volume Pop With
High ADX & RSI)
More... Stock Picks Page #1
Trading Ideas &
Picks
Amgen, Inc. (NASDAQ:AMGN) Downside
volume
AMGN: has dropped on fairly high volume the past few days. The stock is
now trading on resistance turned support at 69. RSI consistently bounces at the
30 level...
Trading
Picks - Read More
Trading Ideas &
Picks
The QQQQ Report for December 11th -
December 15th
QQQQ: Upward momentum may be getting exhausted in the short-term, but
it could prove disastrous for traders looking to short the QQQQ because the
moving averages are now in the proper order that traders look for when
confirming a strong uptrend...
Trading
Picks - Read More
Trading Education
Tutorial
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
NVTL
has formed a clear inverted head-and-shoulders pattern with a neck line at
10.00. This is a very bullish pattern, especially if a solid breakout occurs.
Watch 10.00 for key strength.
Daily Trading Signals
NYSE Chart of the Day
KEA
has formed a clear pennant consolidation that has formed at the recent lows,
which is quite bearish. Watch 12.60 up, and 11.80 down for a breakout.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 12/8 for Monday's market.
|
Key DOW Levels for 12/8
|
|
P
|
Above 12,375
|
|
DN
|
Below 12,075
|
V-Bottom Reversal...
- Dow reverses sharply from early lows, winds up beneath major
resistance. The index continues to honor major resistance, but continues to
wind up for a potentially huge breakout move.
- The NASDAQ and S&P traded fairly quietly after rallying strongly early in
the day. Each index continues to build out ahead of the next major move.
Summary
The Dow closed the day beneath major resistance and is winding up within a
tight pattern that has formed within the larger trading range. The Dow is
clearly winding up for the next key move; so watch these patterns closely.
Read More...
