Monday, November 06, 2006
Bullish Reversal Triggers
Reversal bars
are an objective technique used to time the entry of a trade. Read More... http://daily-stocks.netfirms.com/daily-trading-triggers.htm
Daily Stock Picks
Bottoming -
Nov 3 for Nov 6:
AVNR CNVR NBIX PXPL RRGB
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Nov 3 for Nov 6:
ANSR ARXX CWST NSTR SCMR UNTD
(Stocks closing higher than they opened, crossing up through their 25
Stochastic level, and on 150% + greater than average 6 month volume)
Overreaction -
Nov 3 for Nov 6:
LOCM NBIX PXPL RRGB WFMI
(Potential Bullish
Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)
More... Stock Picks Page #1
Trading Education
Tutorial
Saucer Patterns
Rare
Pattern Is One of the Most Predictive
One of the most predicitive chart patterns you will come across is the saucer
pattern. Saucers are also referred to as "bowls" or even
"rounded tops or bottoms", and one look at this pattern tells where
these names are derived from. However, there is a problem with saucer patterns
- they're hard to find.
Read More...
NASDAQ Chart of the Day
ERTS
took a large gap up through major resistance at 58.00 today, and also has
increased volume. If the stock can continue to hold above the break zone of
57.80, we could see much more strength ahead.
Daily Trading Signals
NYSE Chart of the Day
IRF
has broken a large consolidation to the upside via a solid breakaway gap and
increased volume, which is quite bullish. Watch for continued strength from
this stock.
Daily Trading Signals
Trading Ideas &
Picks
Weekly
Swing Ideas Report for November 6th - November 10th, 2006
SwingTracker Scans: Stock Picks - Long and Short Potential Swing Candidates ... SwingTracker
Scans: Trading Window, Force Swings, Triangle, Revival and more...
Trading
Ideas - Read More
Trading Ideas &
Picks
The QQQQ Report for November 6th -
November 10th, 2006
QQQQ:
The QQQQ failed to move above the resistance near $43, which we've noted in our
past reports as a likely barrier that would prevent the bull rally from
continuing. In our last report, we also mentioned that the support of the 15
DMA was able to prevent a major pullback, but this story is no longer relevant
because the bulls were unable to prevent a move below this moving average...
Trading
Picks - Read More
Daily Market Commentary
Updated Friday, 11/3 for Monday's market.
|
Key DOW Levels for 11/6
|
|
UP
|
Above 12,075
|
|
DN
|
Below 11,950
|
Still Drifting...
- Dow continues slow decline, pull backs to major lower trend
line. The pull-back continued today and resulted in a 33 point loss in the Dow,
but the index has finally reached the major lower trend line at 11,950, which
will be the zone to watch next week.
- The NASDAQ and S&P continued their respective declines today, but look to
be gearing up for an even larger move next week. Watch support for signs of
continued overall weakness.
Summary
The Dow closed the day with another loss today, extending its streak to six
days in a row. The index continues to look fairly unorganized in its movement,
but has traded precisely to the major lower trend line at 11,950, which we will
continue to watch. A break or bounce from this level will likely determine the
next major medium term move.
Read More...
