Monday, March 05, 2007
Trading Ideas &
Picks
Weekly Swing Ideas Report for March 5th
- March 9th
Stock Picks - Long and Short
Potential Swing Candidates ... SwingTracker Scans: Trading Window, Force Swings
(AGR Agere Systems, RSH RadioShack Corp, STN Station Casinos, OATS Wild Oats
Markets, JAKK JAKKS Pacific), Triangle (AGR Agere Systems, RSH RadioShack Corp,
KG King Pharmaceuticals, OI Owens-Illinois, STN Station Casinos), Revival,
Reversals (INT World Fuel Services, TSAI Transaction Sys Architects), and
more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for March 5th - March
9th
QQQQ: Bounce off the resistance proved to the bulls that the $45.50
level was stronger than most orignally thought. Attempt to recover the losses
and push the QQQQ back above the 100 DMA proved unsuccessful and it will be
interesting to see how the market reacts to the spiked volatility as traders
discern the short-term direction of the index...
Trading
Picks - Read More
Trading Education
Tutorial
Saucer Patterns
Rare Pattern Is One of the Most Predictive
One of the most predicitive chart patterns you will come across is
the saucer pattern. Saucers are also referred to as "bowls" or even
"rounded tops or bottoms", and one look at this pattern tells where
these names are derived from. However, there is a problem with saucer patterns
- they're hard to find.
Read
More...
NASDAQ Chart of the Day
REGN
is testing a major support level at 18.95, which could be highly bearish. Look
for weakness away from this support level next week.
Daily Trading Signals
NYSE Chart of the Day
SSI
is testing the bottom of a clear triangle pattern at 21.20. This pattern has
developed over the course of the last four months and could offer an explosive
breakout move.
Daily Trading Signals
NYSE Chart of the Day
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SSI
is testing the bottom of a clear triangle pattern at 21.20. This pattern has
developed over the course of the last four months and could offer an explosive breakout
move.
Daily Trading Signals
Daily Market Commentary
Updated Friday, 3/2 for Monday's market.
|
Key DOW Levels for 3/5
|
|
UP
|
Above 12,250
|
|
DN
|
Below 12,050
|
Steady Decline...
- Dow trends steadily lower to Close, holds at key 12,100 zone.
The index closed the day near the lows of the prior two bounces at 12,100, but
continues to hold these levels, which is modestly bullish. However, once a
breakdown occurs, we could see heavy selling pressure once again...
- The NASDAQ and S&P each trended down throughout the day and are currently
holding just above key lows. Watch these support levels for direction next
week.
Summary
The Dow closed the day within a steady downtrend today, but continues to hold
critical support levels at 12,100. Again, we could see the index continue to
build out a range from 12,050 to 12,350 before another big move is seen, but a
breakout from this range could be big.
Read More...
