Friday, November 10, 2006
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Market Announcement That Will Affect the Way
You Trade Forever...
There's so much news thrown at us every day, it's hard to filter out the
important from the inane. This is especially true with the markets - turn
on any news channel and you get your choice of the talking heads telling
you why they're right ;-)
Anyway, there IS one big recent announcement regarding the markets that
you should be aware of. It's a major development for the U.S. stock
market.
The options experts at Options University are all over this and have
recorded a special trading video that reveals the importance of this
recent development.
Watch this 11-minute trading video now. Every other trader will
eventually understand the importance of this development, so the earlier
you understand it, the better.
The BIGGEST and most EXCITING trend to hit the markets in decades -
courtesy of the NASDAQ!
CLICK to See the Video NOW!
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Do
you like change? Or are you comfy the way things are.
Because this video is going to do one of two things...
It should either get you really excited... or, it should frustrate the
heck out of you because of this upcoming change to the stock market.
Regardless of how you feel, this change could have a profound impact on
how you trade.
Here's the top of an email Brett Fogle & Ron Ianieri from the Options
Unversity sent me a day or two ago regarding this:
"Stock traders are up in arms, fuming mad at NASDAQ's latest
announcement regarding options -- and what it all means to the stock
market and your trading (HINT: you may never trade stock again...)."
So, if you're interested in learning about what's going on and how it
could affect your trading forever, watch the video here:
CLICK to See the Video NOW!
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P.S.
Ron thinks that fortunes will be made in the next 12 - 18 months with
this new information. Only time will tell, of course; but those with the
best information usually have a huge edge over those that don't. " Get the info here...
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Trading Education
Tutorial
Trading Ranges
Big Moves Occur Outside of the Range
A trading range is basically a horizontal channel in which a security moves
from the high and low of the channel for an extended amount of time. Obviously,
the upper level of the range can be considered resistance and the lower level
represents support. Trading within a range is possible, but it's the breakout
from the range that provides the best opportunities.
Read
More...
NYSE Chart of the Day
ABT
has formed a huge saucer top pattern, which is highly bearish. The stock is
holding right at the lip (support) of the pattern at 45.90 which, if broken,
could spark heavy selling.
Daily Trading Signals
NASDAQ Chart of the Day
GIGM
has trended steadily higher for some time now, but could finally be
over-extended. The stock got a big, bearish exhaustion gap today and is winding
up within a large triangle range. A downside break through 9.00 could be huge
for sellers.
Daily Trading Signals
Daily Market Commentary
Updated Thursday, 11/9 for Friday's market.
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Key DOW Levels for 11/10
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UP
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Above 12,200
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DN
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Below 12,025
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Steady Decline...
- Dow pushes steadily lower throughout session, holds at key
12,100. The index index trailed lower to the Close and eventually closed the
day at the key 12,100 zone with a 73 point loss.
- The NASDAQ and S&P each fell from the day's highs today, but basically
held firmly above key near-term support. Watch these support levels tomorrow.
Summary
The Dow ended the day precisely at the 12,100 level today after it steadily
declined throughout the session. The index continues to pull-back from the
12,200 resistance level, which could cause a longer retracement, especially if
12,050 is violated.
Read More...
