Thursday, July 12, 2007
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Options Mastery Series 2007 Edition Special
Today at 12PM Noon EST, the Options University is re-releasing their 2007 Edition Options Mastery Series, which has
sold out on each of the last two limited releases
That's because options trading is
about to go 'mainstream' and you now have a rare chance to learn from one
of the best in the business.
Options Mastery Series 2007 Edition Special
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So let 'Today be the Day' you take the first step towards finding your
personal fortune. In the coming months and years ahead, options trading may
just become the hottest market around.
Will you be ready?
Here's where to go at 12PM Noon Today to find out:
Options Mastery Series 2007 Edition Special
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PS - Remember, the last two times the 'Mastery Series' has sold
out of all available copies, and the last time they even pulled it down
early. With the Nasdaq about to start listing options, NOW is the best time
in history to learn how to trade options.
-- Reserve Your Copy at 12:00 Noon, Thursday July 12th: Options Mastery Series 2007 Edition Special
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Trading Education
Tutorial
Courtesy of
Nirvana Systems
Support and Resistance Levels
History Tells Us When Securites are Overbought or Oversold
Support indicates a level on the chart where we can
expect an increase in the demand for a security (buyers take over). How do we
know this? By identifying this reaction to this price level in the chart's
history.
Read
More...
Trading Ideas &
Picks
J C Penney Corporation- JCP - At
Support
JCP: After stock broke below the
neckline of a head and shoulders pattern, the bears did indeed send the price
down to the support near $70 and it will now be interesting to see if the bulls
step back in and push the price back toward the neckline...
Trading
Picks - Read More
Technical Indicators
Rate of Change
Rate of Change
The Rate of Change is an oscillator that displays
the difference between the current price and the price x-time periods ago. As
prices increase, the ROC rises and as prices fall, the ROC falls. The greater
the change in prices, the greater the change in the ROC.
The 10-day ROC is an excellent short - to intermediate term overbought/oversold
indicator. The higher the ROC, the more overbought the security; when the ROC
falls expect a rally. As with all overbought/over-sold indicators, watching for
the market to start its correction before placing a trade. Often extremely
overbought/oversold readings usually imply a continuation of the current trend
and any overbought market may remain that way for some time.
Read More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
After consolidating for the past month, a reversal has formed for PAYX
as indicated by the trendline break. Look for a short term run to the 42.5
level.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
BAX is again approaching critical
resistance levels, setting up a low risk short opportunity. This resistance
level provides an excellent stop loss point regardless of direction.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Wednesday, 7/11 for Thursday's market.
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Key DOW Levels for 7/12
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UP
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Above 13,700
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DN
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Below 13,250
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Still Consolidating...
- Dow drifts higher, still range-bound. A late day
rally helped close the day near session highs, as seen in the intraday charts.
Overall the Dow finished up 76 points.
- The NASDAQ and S&P closed the day with moderate gains in choppy trading.
Over all the market indices continue to consolidate, looking for direction.
Summary
The Dow drifted higher throughout the day in choppy trading. Look for more
range movement between 13,300 and 13,700.
Read More...
