Tuesday, February 13, 2007
Daily Stock Picks
Bottoming -
Feb 9 for Feb 12:
ADAT CWTR SMMX
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Feb 9 for Feb 12:
SFUN WMGI
(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 9 for Feb 12:
CEGE CYTR GENR ONSM TUTS VLTS ZANE
(Volume Pop With High
ADX & RSI)
More... Stock Picks Page #1
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Fibonacci
retracement lines video
Most traders have run across
Fibonacci retracement lines in their search for trading knowledge.
But what many traders do wrong is they
rely only on Fibonacci lines to help them make key trading decisions. This
could be disastrous; however, if used as part of a proven trading method,
Fibonacci lines can be a great trading tool.
*"Instant Profits" Fibonacci lines*
|
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This brand new, 6 minute trading video clearly shows you the benefits of
Fibonacci lines and how they can be used in your trading.
You can watch the video here:
*Fibonacci retracement lines*
Remember, a trading indicator by
itself is just a trading indicator, it's NOT a trading method.
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PS -
After you watch the video, you'll have a chance to learn more about a
multimedia trading method that features the tight integration of Fibonacci
lines. Here's the complimentary video link again: *"Instant Profits" Fibonacci lines*
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Trading Education
Tutorial
Breakaway Gaps
Pressure Helps Identify Movers
Gaps occur when there is a dramatic change in market conditions.
They can occur at the beginning of a trading session (i.e. most NASDAQ stocks)
or even during the session itself. There are three types of gaps that are of
interest to us when we analyze charts: breakaway, measured (also known as
continuation) and exhaustion gaps. Today we will discuss the breakaway gap.
Read
More...
NASDAQ Chart of the Day
ONXX
got a big breakaway gap to the upside through a very long term upper trend line
at 18.00 with big volume behind it. This downtrend could turn into a big
uptrend if this stock remains above 18.00.
Daily Trading Signals
NYSE Chart of the Day
BMC
has taken a solid breakaway gap to the downside through a clear lower trend
line at 34.00. This gap could lead to much more selling ahead. Watch for more
weakness so long as it stays beneath 34.00.
Daily Trading Signals
Daily Market Commentary
Updated Monday, 2/12 for Tuesday's market.
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Key DOW Levels for 2/13
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UP
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Above 12,700
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DN
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Below 12,525
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Slow Decline...
- Dow opens session quietly, eventually drops over 100 points from
the day's highs. The index is now holding around the key 12,550 zone, which is
a fulcrum in the 60 Minute Charts, and could continue pushing lower in the
medium term.
- The NASDAQ and S&P each held lows, as they begin potential continuation
patterns. Look for range movement at lows ahead of more selling down the road.
Summary
The Dow continues to trade near the overall lows of the recent decline, which
is highly bearish. Look for continued overall weakness beneath the 12,625
level, especially if 12,525 gives way.
Read More...
