Monday, February 05, 2007
Technical Indicators
Fibonacci
Retracements
Fibonacci Retracements are displayed by first drawing a trendline
between two extreme points, i.e. a trough and opposing peak. A series of
horizontal lines are drawn intersecting the trendline at the Fibonacci levels.
After a significant price move in either up or down direction, prices will
often give back a significant portion (if not all) of the original move. As
prices retrace, look for support and resistance levels often occurring at or
near the Fibonacci Retracement levels.
Read More...
Trading Ideas &
Picks
Weekly Swing Ideas Report for February
5th - February 9th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(CMX,Caremark Rx, APA,Apache Corp, RDC,Rowan Cos, SAI,SAIC Inc, THE,TODCOA),
Triangle (C,Citigroup Inc, WFT,Weatherford Intl, UDR,United Dominion Rlty Tr,
ZOLT,Zoltek Co, NCR,NCR Corp), Revival, Reversals (ERIC,Ericsson(LM), OCNW,Occam
Networks, WPL,W.P. Stewart Ltd), and more...
Trading
Ideas - Read More
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Daily Stock Picks
Bottoming -
Feb 2 for Feb 5:
AVAV ESEA FRPT GNSS OCNW PXLW
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Feb 2 for Feb 5:
ECIL RDWR
(Stocks closing higher than they opened, crossing up through their 25
Stochastic level, and on 150% + greater than average 6 month volume)
Volume Pop -
Feb 2 for Feb 5:
MSPD NMSS OLGC TMTA XOMA ZICA ZIXI
(Volume Pop With
High ADX & RSI)
More... Stock Picks Page #1
Trading Ideas &
Picks
The QQQQ Report for February 5th -
February 9th
QQQQ: Relative Strength Index has been creating a series of new lows
while the QQQQ has continued to move sideways. This negative divergence is
another technical sign of traders' lack of conviction of a move higher...
Trading
Picks - Read More
Daily Market Commentary
Updated Friday, 2/2 for Monday's market.
|
Key DOW Levels for 2/5
|
|
P
|
Above 12,700
|
|
DN
|
Below 12,600
|
Holding...
- Dow holds throughout session, gets bullish lift to the Close.
The index closed the day out with a modest 20 point loss, but looks to be
building out the framework for a potential continuation pattern above 12,600,
which would be bullish.
- The NASDAQ and S&P each traded quietly sideways today, but look primed
for another big week next week. Watch the key triangle pattern in the NASDAQ
for early direction Monday.
Summary
The Dow closed the day quietly lower today, but the index continues to maintain
its stance above the key 12,600 zone, which is the clear fulcrum in the charts.
Watch this level for key direction next week.
Read More...
