Monday, December 18, 2006
Trading Ideas &
Picks
Trading
Ideas for today and tomorrow...
Swing Plays: ISE MATW PNRA - Quadruple witching drove volume early in the day
Friday, but the U.S. equity markets basically scooted (how's that for a
technical analysis term?) only slightly higher on all the increased volume.
Only about 120 patterns made the initial screen..
Trading
Ideas - Read More
Trading Ideas &
Picks
Weekly
Swing Ideas Report for December 18th - December 22nd, 2006
SwingTracker Scans: Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker
Scans: Trading Window, Force Swings (BUD,Anheuser-Busch Cos, NE,Noble Corp,
FRE,Federal Home Loan, FNFG,First Niagara Financial Group, MENT,Mentor
Graphics), Triangle (DTV,DIRECTV Group, WU,Western Union, TMX,Telefonos de
MexLADS, MENT,Mentor Graphics, KBH,KB HOME), Revival, Reversals (ZOLT,Zoltek
Co, WLT,Walter Industries, CDR,Cedar Shopping Centers, CRA,Applera Corp-Celera
Genomics), and more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for December 11th -
December 15th
QQQQ: Still Below the Trendline - The bears were able to keep the QQQQ
below the trendline, which is still suggesting that the uptrend could be
becoming exhausted in the short term. Last week we also noted that the 100-day
moving average crossed above the 200-day moving average, which generally
signals the beginning of a longer-term uptrend...
Trading
Picks - Read More
Trading Education
Tutorial
Volatility
Well Behaved Stocks Reap Rewards
Some stocks move multiple points and multiple directions in one trading
session. Other stocks are more methodical in their day-to-day movement. Which
type of stock is more attractive to you as an investor?
Read More...
NASDAQ Chart of the Day
BECN
has gotten a clear break out of a large triangle range, which could send this
stock headed lower toward the 16.00 range. Watch 19.00 for additional
confirmation.
Daily Trading Signals
NYSE Chart of the Day
BDK
took a large breakaway gap to the downside after trending steadily higher since
August. The gap down was also accompanied by a huge increase in volume, which
further indicates that this stock could be headed much, much lower.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 12/15 for Monday's market.
|
Key DOW Levels for 12/18
|
|
P
|
Above 12,500
|
|
DN
|
Below 12,250
|
Holding...
- Dow hold gains after volatile session. The index continues to
hold firmly above major resistance, which is a nice sign of further strength
ahead.
- The NASDAQ and S&P each sold off the day's highs, but the tech-heavy
index looks to be in a more bearish mode that the other indexes. Watch for
ranges to form at highs before another key move is seen.
Summary
The Dow closed the day off the session's highs, but continues to tack on gains
to the overall advance that began Tuesday. Look for the index to continue to
build out above 12,350, unless this level is clearly violated.
Read More...
