Thursday, March 22, 2007
Trading Ideas &
Picks
Intel Corp - INTC - MACD Bullish
Crossover
INTC: The stock has been able to find support at the influential $19
level. MACD has recently moved above its signal line suggesting that a move
toward $20 is more probable than the move toward $18...
Trading
Picks - Read More
Trading Ideas &
Picks
Swing
Trade of the Week
HITT: Stock ended its MA downtrend with a bullish gap up in late
January. As a result MAs have moved into an uptrend with a crossover up. Stock
is coming of a nice reversal just below the uptrending MAs. Look to go long at
40.76...
Trading
Ideas - Read More
Trading Education
Tutorial
Courtesy of
Nirvana Systems
Fibonacci Retracement Levels
Using
Retracement Levels in Your Trading
Fibonacci Retracement Levels are one of the most powerful (and
underused) tools available to traders. These measurements are of great use with
any market that is reasonably liquid. Many technicians have noted that markets
tend to reverse or consolidate once they reach one of these ratio levels
(measured from the distance of the previous trends reversal). They can used as
entry levels, exit levels and even as a money management tool.
Read
More...
NASDAQ Chart of the Day
Courtesy
of Nirvana Systems
GSIC
has broken a large ascending triangle range to the upside at 21.00 on increased
volume and could be headed much higher. Watch for more strength out of this
pattern.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
WMS is breaking through the top of a clear triangle consolidation at
39.75, which could offer much more strength ahead. Watch for a continuation through
41.00 for more signs of strength.
Daily Trading Signals
Daily Market Commentary
Courtesy of
Nirvana Systems
Updated Wednesday, 3/21 for Thursday's market.
|
Key DOW Levels for 3/22
|
|
UP
|
Above 12,500
|
|
DN
|
Below 12,250
|
Late-Day Rally...
- Dow breaks through 12,350, rallies strongly to the Close. The
index rallied sharply the rest of the session for a 159 point gain and is now
sitting just beneath the 12,500 level.
- The NASDAQ and S&P each rallied sharply late in the day after blowing
through key resistance levels. Look for more overall strength above these
broken resistance levels.
Summary
The Dow ended the day with a very strong rally, as the index blew through the
12,350 zone. Look for more strength above this level, especially should a
continuation pattern form.
Read More...
