Monday, February 12, 2007
Technical Indicators
TRIX - Triple
Exponential Moving Average
The Triple Exponential Moving Average (TRIX) is an oscillator used
to identify oversold and overbought markets as well as a momentum indicator.
For use as an oscillator look for a positive value to indicate an overbought
market and a negative value indicate an oversold market. When TRIX is used as a
momentum indicator, a positive value suggests increasing momentum just as a
negative value suggests momentum is decreasing. Some believe that the TRIX
crossing above the zero line is a buy signal and a closing below the zero line
is a sell signal. Divergence between price and TRIX can also indicate
significant turning points in the market.
Two advantages of TRIX over other trend indicators is its filtration of market
noise and a tendency to be a leading rather than a lagging indicator. By using
triple exponential smoothing, "insignificant" cycles are filtered
out. It can lead a market because it measures the difference between each bar's
smoothed version of the price information. When used as a leading indicator,
TRIX is best used in conjunction with another market-timing indicator so as to
reduce false signals...
Read More...
Trading Ideas &
Picks
The QQQQ Report for February 12th -
February 16th
QQQQ: Relative Strength Index (RSI) indicator's negative divergence
continues to be a factor that is causing many traders to question the
conviction of the longer-term uptrend. We believe that the 100 DMA is still an
adequate short-term target as the QQQQ continues its consolidation...
Trading
Picks - Read More
Trading Ideas &
Picks
Weekly Swing Ideas Report for February
12th - February 16th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(GLW,Corning Inc, LLY,Lilly (Eli), TEX,Terex Corp, MHS,Medco Health Solutions,
TXU,TXU Corp), Triangle (SLE,Sara Lee Corp, AN,AutoNation Inc, TZOO,Travelzoo
Inc), Revival, Reversals (CWTR,Coldwater Creek, ZQK,Quiksilver, Inc), and more...
Trading
Ideas - Read More
Trading Education
Tutorial
Fibonacci Retracement Levels
Using Retracement Levels in Your Trading
Fibonacci Retracement Levels are one of the most powerful (and
underused) tools available to traders. These measurements are of great use with
any market that is reasonably liquid..
Read
More...
NASDAQ Chart of the Day
UNTD
got a big downside break through the lower trend line at 13.70 via a breakaway
gap. Look for more downside pressure ahead.
Daily Trading Signals
NYSE Chart of the Day
COT
has formed a bullish saucer pattern at the lows of the recent decline and is
now breaking this range to the upside at 14.70. Watch for continued strength to
the upside.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 2/9 for Monday's market.
|
Key DOW Levels for 2/12
|
|
P
|
Above 12,700
|
|
DN
|
Below 12,525
|
Big Sell-Off...
- Dow opens session quietly, eventually drops over 100 points from
the day's highs. The index got a nice bounce to the Close and settled the day
with a 57 point loss, but much more selling could be ahead.
- The NASDAQ and S&P each pushed lower early in the day, but led nice
upside reversals to the Close. Look for the indexes to continue to build out at
highs ahead of the next key breakout move.
Summary
The Dow closed the day with a modest bounce higher, but that was only a fraction
of the decline that preceded it. The index could be on the verge of a much
bigger sell-off ahead, especially if the it takes out 12,525 with force.
Read More...
