Friday, March 09, 2007
Technical Indicators
Ease of Movement
The Ease of Movement Indicator was designed to illustrate the
relationship between volume and price change. It shows how much volume is
required to move prices.
High Ease of Movement values occur when prices are moving upward with light
volume. Low values occur when prices are moving downward on light volume. If
prices are not moving or if heavy volume is required to move prices then the
indicator will read near zero.
A buy signal is produced when it crosses above zero (an indication that prices
are more easily moving upward ). A sell signal is produced when the indicator
crosses below zero (prices are moving downward more easily)...
Read More...
Trading Ideas &
Picks
RIMM - Volume is Drying Up
RIMM - Volume is drying up as this
stock comes down to the lower trendline area. This stock has earnings due out
in 4 weeks and it would be great to see this surf this channel until then...
Trading
Ideas - Read More
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
NTGR
looks to have topped out at highs and has formed a clear support level at
25.00, which could also be the neck line of a large head-and-shoulders pattern.
Watch 25.00 for key weakness ahead, unless 28.00 is taken out.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
EQT
is winding up within the boundaries of a large triangle range that has formed
at the overall highs. Watch for a breakout from this range for clear movement
ahead: 41.00 down, 44.70 up.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Thursday, 3/8 for Friday's market.
|
Key DOW Levels for 3/9
|
|
UP
|
Above 12,325
|
|
DN
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Below 12,150
|
Resistance Holds...
- Dow rallies up to key resistance, but slides to the Close. The
index closed the day with a solid 68 point gain, but continues to hold beneath
key resistance, which could be a precursor to selling ahead.
- The NASDAQ and S&P each traded lower off key resistance today, which
could forecast more weakness ahead. Watch this fulcrum closely tomorrow.
Summary
The Dow ended the day with a clear reaction away from the 12,300 level today,
which indicates this resistance level could give us more problems. If the Dow
cannot rise above this zone, we could see another wave lower within the clear
trading range..
Read More...
