Friday, May 18, 2007
Trading Ideas &
Picks
J C Penney Corporation- JCP - Head and
shoulders pattern
JCP
- Stock recently broke below the neckline of a head and shoulders pattern. This
bearish pattern suggest that the uptrend is becoming exhausted. The chart also
illustrates the opportunities that are available when they are identified...
Trading
Picks - Read More
Trading Ideas &
Picks
Swing
Trade of the Week
NTRI: Stock confirmed a MA crossover up which started in early April
with a bullish gap up a couple weeks later. Stock has since been consolidating
in a nice sideways range as the Moving Averages catch up. Look to go long at
60.01...
Trading
Ideas - Read More
Trading Education
Tutorial
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
FWLT
has rallied on big strength, but is beginning to lose gas on high volume, which
means we could be seeing a volume climax soon. Watch for a break below 90.00
for signs of a big potential retracement.
Daily Trading Signals
NYSE Chart of the Day
Courtesy
of Nirvana Systems
RCL
continued to build out its large triangle pattern and finally looks ready for a
breakout move. The stock is testing the lower boundary of the triangle at
40.50, which we will watch closely for a downside break. Such a break could
spark a move of about 6 points.
Daily Trading Signals
