Thursday, February 01, 2007
Stormchaser
Technologies
StormChaser
Technologies Systems
Stormchaser Technologies is an Automated Trading Systems Solutions
Provider for Active Traders, Hedge Funds and Broker-Dealers. Whether you need
to scan through a large universe of symbols, to back-test your trading system
against historical data, or to implement multiple Black Box Trading Systems,
Stormchaser Technologies has the solution for you!...
Read More...
Trading Ideas &
Picks
Monthly Market Recap - January 2007
Feb 1, 2007: The Macro weekly uptrend is still bullish, market ended the
month in new Multi-year high territory, thereby keeping the uptrend intact. The
longer term trend is up. Despite the uptrend, we would like to caution traders
due to the recent rise in the market with little to no consolidation. With the
extreme overbought stochstics, market is very susceptible for possible near
term corrections. The short term trend is sideways to up...
Trading
Picks - Read More
Trading Ideas &
Picks
Boeing Co- BA - The Bullish Momentum
BA:
Highlighted are several price levels that will be used by traders to give
themselves an idea of where this stock could find support in the event of a
pullback. The first area of short-term support is near $85...
Trading
Picks - Read More
Trading Ideas &
Picks
Swing
Trade of the Week
LEAP: Stock surged past a resistance area with 2 bullish candles,
traded at the upper end representing a consolidation and possible setup for
further upside. Look to go long at 66.08...
Trading
Ideas - Read More
Trading Education
Tutorial
Reward:Risk Ratio
Assessing a Trades Potential
When looking at a stock to buy, we look to various tools and
techniques to help us assess the probability of its upward movement. However,
will it go up is not the only question to ask - we also need to analyze the
chart to see how far it is likely to go up and also how much of a loss we are
willing to take to allow it to reach it's profit potential. The potential
profit of a trade divided by the potential loss of trade is known as the
Reward:Risk Ratio.
Read More...
NASDAQ Chart of the Day
RMIX
got a huge upside break through key resistance at 7.40 with high volume, which
is quite bullish. Look for continued strength from this stock above this
resistance level.
Daily Trading Signals
NYSE Chart of the Day
EL
took a large gap up this morning and continued steadily higher throughout the
day. The index should remain highly strong above 45.00 going forward.
Daily Trading Signals
Daily Market Commentary
Updated Wednesday, 1/31 for Thursday's market.
|
Key DOW Levels for 2/1
|
|
P
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Above 12,700
|
|
DN
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Below 12,450
|
Late-Day Rally...
- Dow reverses sharply from yesterday's highs, drops steadily
throughout the day. The index closed the day near the highs of the session with
a solid 98 point gain and is now sitting at all-time highs above 12,600.
- The NASDAQ and S&P each pushed nicely higher from early lows today and
now look bullish near-term. Look for potential continuation patterns to build
out at highs ahead of the next key move.
Summary
The Dow ended the day with a nice rally through 12,600 today and is currently
sitting at all-time highs. If the index can build out a continuation pattern
above 12,600, we could see much more strength ahead. Otherwise, another wave of
near-term selling is likely.
Read More...
P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time.
Shogun Swing Trading offers Swing & Day Trading Strategies for the full or part-time trader < » Go here to learn more...
