Monday, January 22, 2007
Daily Stock Picks
Bottoming -
Jan 19 for Jan 22:
CELL CFNL CTHR DXCM EMKR EPEX FCEL FRPT IDSY MDTL NTBK SMMX STMP TRST
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Jan 19 for Jan 22:
CWTR DSCM DXCM IAAC PPCO SMDI
(Stocks closing
higher than they opened, crossing up through their 25 Stochastic level, and on
150% + greater than average 6 month volume)
Volume Pop -
Jan 19 for Jan 22:
../..
(Potential Bullish
Run: Volume Pop With High ADX & RSI)
More... Stock Picks Page #1
Technical Indicators
Market Facilitation
Index
Market Facilitation Index synthesizes both price and volume data
in an effort to improve trading accuracy. In his book Trading Chaos, Williams
identified four types of trading sessions: Fakes, Fades, Squats, and Greens.
The combination of lowered volume with a rising MFI is known as a
"Fake." As there is no real foundation for change behind a stock
except for market activity on the floor, the price eventually reverses itself.
A "Fade" is when volume is down and the MFI is also down. In essence,
the market is bored and interest in the stock fades. Expect the price to move
in the opposite direction.
When volume is up while the MFI is down, the condition is referred to as a
"Squat." Think of the stock crouching down like a sprinter before a
race. Movement after the squat gives a clue to future to direction.
When volume and the MFI are both up, the situation is "Green." This
is a strong signal to follow the trendline...
Read More...
Trading Ideas &
Picks
The QQQQ Report for January 22th -
January 19th, 2007
QQQQ:
The QQQQ was approching the resistance of its medium-term trendline. As you can
see from the chart below, the bulls were unable to send the QQQQ above the
resistance, which has caused a brief pullback toward the 15-day moving average.
The next price target will be near the 100-day moving average if we see the
bears send the QQQQ below the $44 support...
Trading
Picks - Read More
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Ultimate Trading
Machine Live Webcast
At 9:00pm EST (New York Time)
6:00pm PST (Pacific Time) this Tuesday January 23rd You are invited to
attend the live webcast where you will see the Ultimate Trading Machine
(UTM) in action! Please make a note of the time, you do NOT want to
miss this event.
If you haven't registered yet, this
is your chance to do so.
Ultimate Trading Machine Blog
Have you been coming to the blog
daily, and watching the videos? Then you know about the success that's
being shown everyday using the non-subjective UTM methodology.
But what you don't know is how
these results are being achieved, and how easily you can get them too, once
you own your limited edition copy of The UTM. This evening NetPicks will be
revealing major secrets and insights into the very foundation of the
system, and how it works.
|
|
Ultimate Trading Machine Live Webcast
You'll see why it is so effective,
and why it is so simple to learn. You will be taken through recent trades,
and shown how it differs from the other software and training systems on
the market. You'll be told why the exclusive group of the current owners
keep raving about it, and just what they are saying.
Find out how many copies will be available, (there won't be enough for
every trader, but you'll be given a chance to pre-register to ensure
yourself a copy.) Also, you'll be told how long it will be available for
(it won't be very long, that I can tell you now.) Finally, you'll get to
ask your questions directly to the chief developer, a very rare chance to
do so.
Register if you haven't yet on the
blog:
Ultimate Trading Machine Blog
You will also see videos of recent
UTM trades on this page as well.
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Trading Education
Tutorial
Volume Climax
Volume Helps Identify Reversals
Various price patterns can alert us to potential reversal
candidates. Trendline Breaks, Support and Resistance Levels, Fibonacci
Retracement Levels and other price information are valuable in determining a
change in direction for a security. However, one of the most overlooked chart
patterns that help us determine reversals is not reflected in the price itself.
Volume climaxes are easily identifiable and valuable in assessing a change in
market sentiment.
Read More...
NASDAQ Chart of the Day
HOKU
got a huge breakaway gap and rally yesterday on increased volume, but got a
huge sell-off today on declining volume, which is a classic volume climax
reversal. Thi could be very bearish for this stock ahead. Watch for a break
below 5.25 for more selling.
Daily Trading Signals
NYSE Chart of the Day
BEC
got a big upside break through the major 62.00 resistance level, which had
remained in tact since the end of 2005. This breakout could lead to a solid
upside continuation of the already bullish stock. Look for strength toward the
73.00 zone.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 1/19 for Monday's market.
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Key DOW Levels for 1/22
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P
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Above 12,625
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DN
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Below 12,500
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At Resistance...
- Dow maintains stance at resistance, despite technology sell-off.
The index lost just 2 points on the day, as it continues to build out ahead of
the next big move.
- The NASDAQ and S&P each pulled back from lows today, as each
index was able to find support. Look for potential consolidations to build out
ahead of the next key move.
Summary
The Dow ended the day much like it has throughout the week, as the index
continues to hold at highs just beneath the major 12,600 zone. Look for a break
away from this level next week. Watch 12,525 and 12,625 Monday.
Read More...
