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Daily Market Commentary



Thursday, March 08, 2007


 

You're about to learn 2007 trading strategies

After the market took a wallop a few weeks ago, a 30+ year trading veteran Bill Poulos conducted a survey among traders who were looking for help and direction in markets like this. His survey went out to nearly 40,000 concerned traders.

Then he organized the top questions and went to work on a brand new strategy report he calls

* "How to Successfully Navigate the Markets in 2007 & Beyond" *

In this detailed report, you'll learn:

 




** How to survive (and potentially prosper) when the market takes a dive.

** A simple yet powerful hedging strategy that effectively cushions your portfolio from the hard market blows.

** A time-tested Formula for determining strong bull runs, strong bear runs, and choppy or mixed markets.

** And a bunch more...

So go ahead and claim your complimentary copy here

* "How to Successfully Navigate the Markets in 2007 & Beyond" *

PS - Some might say that hindsight is 20/20 and that it sure would have been nice to have this information BEFORE the February 27 market hit, but you'll learn in this report how a select group of traders already DID have this information before the hit, which enabled them to weather it better than most. Here's the complimentary link again:

"How to Successfully Navigate the Markets in 2007 & Beyond"

 


Trading Ideas & Picks

Northern Trust Corp - NTRS - Testing the support


NTRS: The stock is in the process of testing the support of an ascending trendline. Technical traders will use a break below $58.50 to signal a move toward the swing low near $56.50...

 

Trading Picks - Read More

 


Trading Ideas & Picks

Swing Trade of the Week

MOLX: Stock surged down to the bottom of a support area, then traded at the lower end of the bearish colored candle, representing a consolidation and possible setup for further downside. Look to go short at 28.09...

 

Trading Ideas - Read More

 


Quantum Swing Trader
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Daily Market Commentary
Courtesy of Nirvana Systems

Updated Wednesday, 3/7 for Thursday's market.

Key DOW Levels for 3/8

UP

Above 12,300

DN

Below 12,025


Holding Gains...

- Dow reverses from early lows, maintains two-day gains. If the index can continue to hold above support, we could see more strength ahead.


- The NASDAQ and S&P each continue to hold near the overall highs of the recent two-day advance, which is positive. However, we could see more range movement unless resistance is clearly crossed.


Summary

The Dow closed the day off the day's highs, but continues to hold gains after rallying yesterday. Look for the index to continue to build out within the large trading range until a solid breakout occurs.


Read More...

 


P.S. - Swing Trading is the art of capturing profits in trending stocks in a relatively short amount of time. Millennium Trading offers Swing & Day Trading Strategies for the full or part-time trader. » Get More Info Now!


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