Monday, July 02, 2007
Daily Stock Picks
Bottoming -
June 29 5 for July 2:
CBSH INFS INHX INPC SEPR
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
June 29 5 for July 2:
ADLS ANST BIVN ISLE
(Stocks closing
higher than they opened, crossing up through their 25 Stochastic level, and on
150% + greater than average 6 month volume)
Volume Pop -
June 29 5 for July 2:
BCON
(Volume Pop With
High ADX & RSI)
More... Stock Picks Page #1
Technical Indicators
Momentum Oscillator
DBy measuring the amount that a security's price has changed over
a given time span, the Momentum indicator provides an indication of a market's
velocity and to some degree, a measure of the extent to which a trend still
holds true. It can also be helpful in spotting likely reversal points.
While the mathematics are straightforward (subtract the closing price n days
ago from the closing price today), do not underrate its value because of its
simplicity.
Use the Momentum indicator as a trend-following oscillator similar to the MACD
and buy when the indicator bottoms and turns up. Sell when the indicator peaks
and turns down. When the Momentum indicator reaches extremely high or low
values (relative to historical values) assume a continuation of the current trend...
Read More...
Trading Education
Tutorial
Courtesy of
Nirvana Systems
Moving Averages and the Trend
Moving Averages Help Us Identify Trend Reversals
One of the old axioms of technical analysis is that 'the trend is
your friend'. This holds true, as long as you trade in the direction of the
trend. However, your 'friend' has two faces, and can turn on you to eliminate
profits (and your friendship!). Trend reversals can occur at any time and one
of the important skills a trader must possess is the ability to identify a
reversal. It is easy to exit a position too early if we over-anticipate a trend
reversal, and just as easy to watch our profits evaporate if we are too slow to
exit the trade.
Read
More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
TRGL
has built out a large triangle consolidation that could result in a big
breakout move soon. Watch the following boundaries for signs of another big
move: 16.50 up, and 14.50 down.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
LYV
has formed a clear head-and-shoulders pattern at the highs of the latest
advance, which is bearish. A break through 21.80 could easily spark a steady
decline back toward the 19.00 level.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Friday, 6/29 for Monday's market.
|
Key DOW Levels for 7/2
|
|
UP
|
Above 13,525
|
|
DN
|
Below 13,250
|
Volatile Session...
- Dow reverses from 13,500, increases in volatility into the
Close. The index reversed course and solid off heavily into the afternoon
before rallying just before the Close, capping a highly volatile session. The
Dow closed the day with a small 14 point loss and continues to hold above key
13,250 support.
- The NASDAQ and S&P each bounced late in the day after a steady decline
from resistance. Look for more range movement until a solid breakout from their
respective ranges occurs.
Summary
The Dow closed the day with a mild loss, but continues to increase in
volatility ahead of a potential breakout move from this huge trading range.
Keep an eye on the narrowing range for a potential breakout move Monday.
Read More...
