Wednesday, March 07, 2007
Trading Ideas &
Picks
AAPL - Numerous Upgrades Lifting Stock
AAPL - Numerous upgrades are lifting
this stock in a tough market. Soon, this stock will have to move and if it
moves up above the descending trendline at $89 on heavy volume, I would then
consider a few of this stock. Or, I would sell short this stock if it moves
below the horizontal trendline at $82.80...
Trading
Ideas - Read More
Trading Ideas &
Picks
AAPL - Descending Trendline Could Force
Stock Down
AAPL - This stock is hanging tough
here, but the descending trendline could force this stock to undercut the lower
horizontal trendline. I would consider shorting this stock if it moves below
$83 on heavy volume...
Trading
Picks - Read More
Trading Education
Tutorial
Courtesy of
Nirvana Systems
Breakaway Gaps
Pressure Helps
Identify Movers
Gaps occur when there is a dramatic change in market conditions.
They can occur at the beginning of a trading session (i.e. most NASDAQ stocks)
or even during the session itself. There are three types of gaps that are of
interest to us when we analyze charts: breakaway, measured (also known as
continuation) and exhaustion gaps. Today we will discuss the breakaway gap.
Read
More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
ATPG
has held at major support since last summer and looks poised for another
bounce. Watch 38.00 up for strength.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
CLB
is winding up within a very large triangle consolidation that could offer a
solid breakout opportunity. Watch 84.00 up, and 74.00 down.
Daily Trading Signals
Daily Market Commentary
Updated Tuesday, 3/6 for Wednesday's market.
|
Key DOW Levels for 3/7
|
|
UP
|
Above 12,250
|
|
DN
|
Below 12,025
|
Steady Advance...
- Dow opens strong, finishes solidly higher after session-long
uptrend. The index pushed above 12,175 and reached toward 12,225 before closing
with a solid 157 point gain.
- The NASDAQ and S&P...
Summary
The Dow has bounced back nicely from key lows, but remains vulnerable. Look for
more range movement before major direction is decided.
Read More...
