Wednesday, February 21, 2007
Daily Stock Picks
Bottoming -
Feb 20 for Feb 21:
ISOND PLXS SINT
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Feb 20 for Feb 21:
CBAK CBHI COHU NUVA TCHC 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 20 for Feb 21:
ALTI CORI CYTR ESST GMST IMMU MGRM NEXM PFSW SYNM
(Volume Pop With
High ADX & RSI)
More... Stock Picks Page #1
Technical Indicators
True Strength Index
The True Strength Index (TSI) is a momentum-based indicator,
developed by William Blau. Designed to determine both trend and
overbought/oversold conditions, the TSI is applicable to intraday time frames
as well as long term trading.
The True Strength Index is a variation of the Relative Strength indicator. It
uses a double smoothed exponential moving average of price momentum to minimize
choppy price changes and highlight spot trend changes with little or no time
lag. An increasing True Strength value indicates increasing momentum in the
direction of the price movement.
Read More...
Trading Education
Tutorial
Measured and Exhaustion Gaps
Identifiable Patterns After Confirmation Move
We have previously mentioned the three types of gaps that are of
relevance to investors - the breakaway gap, the measured (or continuation) gap,
and the exhaustion gap. We previously discussed the breakaway gap, but it is
important to discuss the measured gap and exhaustion gap at the same time. Why?
Because it is difficult to tell one from the other until after the fact?
Read More...
NASDAQ Chart of the Day
ACXM
is forming a double bottom at key support at 21.75, which has held for a while.
Look for a big potential rally from this zone, unless a break occurs.
Daily Trading Signals
NYSE Chart of the Day
BA
is holding just beneath key resistance at 92.00, which has held firmly since
November. Watch 92.00 for a key break or bounce, as big movement could arise.
Daily Trading Signals
Daily Market Commentary
Updated Tuesday, 2/20 for Wednesday's market.
|
Key DOW Levels for 2/21
|
|
UP
|
Above 12,800
|
|
DN
|
Below 12,700
|
Bounce & Rally...
- Dow reverses from 12,700, rallies steadily to the Close. The
index bounce at 12,700 indicates more buying is ahead.
- The NASDAQ and S&P each rallied sharply from the day's lows and now sit
above key resistance. Watch for more strength ahead, especially if the current
support levels hold.
Summary
The Dow closed the day with a nice advance and continues to hold above the
clear 12,700 fulcrum, which is bullish heading into tomorrow's market. Look for
continued strength above this zone, unless this fulcrum is violated.
Read More...
