Tuesday, February 20, 2007
Trading Ideas &
Picks
Weekly Swing Ideas Report for February
19th - February 23rd
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(HD,Home Depot, GG,Goldcorp Inc, RHT,Red Hat Inc, LUV,Southwest Airlines,
VCI,Valassis Communications), Triangle (CC,Circuit City Stores, OXY,Occidental
Petroleum, TIE,Titanium Metals, FDX,FedEx Corp, VSH,Vishay Intertechnology),
Revival, Reversals (AVA,Avista Corp, UHCO,Universal Amer Finl, IDA,Idacorp
Inc), and more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for February 19th -
February 23rd
QQQQ: Continues to travel between $43.50 and $45.50. Traders looking to
enter the market may be comforted by the nearby support of the 100 DMA, which
could be a short-term catalyst that will send the QQQQ back toward the top end
of its confined range...
Trading
Picks - Read More
Trading Education
Tutorial
Time Trading
Sophisticated technical indicators evolve from
simple data inputs of price and time. While most traders understand how price
patterns reveal hidden opportunity, many fail to comprehend how time impacts
both tactics and results. Lacking a skilled understanding of opportunity cost,
they misinterpret signals and waste valuable resources. Or, trapped in common
trend relativity errors, they prepare trades in one time frame but execute them
in another.
Opportunity cost defines how the trader manipulates working capital. For
example, this important concept reveals why cutting losses efficiently is so
important for long term survival. By its nature, taking any stock position
dictates that those funds will not be available for another trade. This becomes
a critical issue on account drawdowns when individual trades can dictate
success or failure for the aspirant.
All trends in the markets are time frame specific. For example, the existence
of an uptrend in a daily chart says nothing about the trend in the monthly or
intraday chart. This highlights the importance of correct time input in
preparing technical indicators or reading chart patterns. When improperly
time-tuned, technical analysis loses its effectiveness. Alternatively, resonant
time readings will evoke startling accuracy with otherwise mediocre data
input..
Read
More...
Trading Education
Tutorial
Trendline Breaks
When is a Trend Truly Broken?
The importance of trendlines cannot be overstated when it comes to
technical analysis. We are told to trade with the primary trend, exit when the
trend reverses, enter on trend reversals, and so on. Trends are easy enough to
identify, but when is a trend actually broken?
Read
More...
NASDAQ Chart of the Day
ARBA
took a highly bearish candle to the downside today via an exhaustion gap, which
could be a topping pattern. Watch 10.00 for more selling.
Daily Trading Signals
NYSE Chart of the Day
CMG
took out a key resistance level today via a solid gap at 62.40 and looks primed
to head even higher. Watch for more strength above 62.00.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 2/16 for Monday's market.
|
Key DOW Levels for 2/20
|
|
UP
|
Above 12,800
|
|
DN
|
Below 12,720
|
Still Holding...
- Dow continues holding at highs, stays within tight
consolidation. The index closed the day with a very mild 3 point gain, but
continues to look positioned for more strength ahead.
- The NASDAQ and S&P each continue to hold within their respective
consolidation ranges, which we'll continue to watch for a breakout move.
Currently, these ranges point to more upside movement.
Summary
The Dow ended the day with a mild advance to close the session barely higher.
The index continues to hold above major resistance, which is promising of more
strength. Watch 12,720 and 12,800 for a near-term breakout move Tuesday.
Read More...
