Wednesday, January 24, 2007
Bullish Reversal Triggers
Reversal bars are an
objective technique used to time the entry of a trade. Read More... http://daily-stocks.netfirms.com/daily-trading-triggers.htm
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Global Financial
Ultimate Trading Machine - From January 24th, 2007
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
AMGN
has pulled back from a major resistance level via an exhaustion gap that could
make for big weakness ahead. Resistance in this stock at 77.00 has held since
last March and could continue to spark weakness from this zone. Look for
another decline as a result.
Daily Trading Signals
NYSE Chart of the Day
JEC
has broken a large triangle range to the upside at 84.50, which could spark a
huge rally going forward. Look for new highs to be reached out of this stock.
Daily Trading Signals
Daily Market Commentary
Updated Tuesday, 1/23 for Wednesday's market.
|
Key DOW Levels for 1/23
|
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P
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Above 12,600
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DN
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Below 12,450
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Big Bounce...
- Dow bounces higher from 12,450, fends off further decline. The
index continues to fend off sellers in a highly resilient manner and is
currently winding up within a larger triangle-type range that we'll want to
watch closely.
- The NASDAQ and S&P each bounced nicely higher from key support levels
today, but the NASDAQ was not able to maintain the momentum. The index closed
the day with a sharp sell-off, which could be telling for tomorrow's market.
Summary
The Dow ended the day with a nice bounce from the 12,450 support level and is
now winding up within a large triangle range. Look for more winding up ahead of
the next big move, which would finally spark a breakout with legs.
Read More...
Ultimate Trading Machine - From January 24th, 2007
