Monday, November 13, 2006
Trading Ideas &
Picks
Weekly
Swing Ideas Report for November 13th - November 17th, 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 13th -
November 17th, 2006
QQQQ:
The bulls were able to recover nicely from last week's move below the ascending
trendline. The QQQQ is now trapped between the trendline and the resistance of
$43. We expect that the short-term direction of the index will now depend on
which one of these identified trendlienes get broken first. The move back above
the trendline suggests that the momentum could remain upward...
Trading
Picks - Read More
NASDAQ Chart of the Day
DCGN
is holding firmly at key support at 4.75 and could get a huge bounce if 5.50 is
decisively crossed. Watch this level for key strength.
Daily Trading Signals
NYSE Chart of the Day
BZH
continues to wind up within the boundaries of a large triangle, which is on the
verge of a potentially big breakout. Watch 45.00 up and 40.00 down.
Daily Trading Signals
Trading Education
Tutorial
Breakaway Gaps
Pressure Helps Identify Movers
Gaps occur when there is a dramatic change in market conditions. They can occur
at the beginning of a trading session (i.e. most NASDAQ stocks) or even during
the session itself. There are three types of gaps that are of interest to us
when we analyze charts: breakaway, measured (also known as continuation) and
exhaustion gaps. Today we will discuss the breakaway gap.
Read More...
Daily Stock Picks
Bottoming -
Nov 10 for Nov 13:
IOTN OSTK SRDX UBET WLSN
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Nov 10 for Nov 13:
CEGE ERES USMO WLSN XIDE
(Stocks closing higher than they opened, crossing up through their 25
Stochastic level, and on 150% + greater than average 6 month volume)
Overreaction -
Nov 10 for Nov 13:
HDTV IFON POTP PXPL SLTC
(Potential Bullish
Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)
More Stock Picks ... Stock Picks Page #1
Daily Market Commentary
Updated Friday, 11/10 for Monday's market.
|
Key DOW Levels for 11/13
|
|
UP
|
Above 12,200
|
|
DN
|
Below 12,050
|
Sideways Day...
- Dow trades sideways throughout session, holds at 12,100. The
day's trading was quite ugly, but the index still closed the day positive with
a 5 point gain. If the index continues to hold above the major lower trend line
at 12,050, we could see another big move to new highs.
- The NASDAQ and S&P each pushed off lows fairly well today, much better
than did the Dow. Each continues to hold above key support, which we will
continue to watch for big direction next week.
Summary
The Dow closed the day basically where it ended yesterday, which is just above
12,100. The index continues to work out key direction, but remains above the
major 12,050 level, which indicates continued overall strength.
Read More...
Technical Indicators
Percentage Volume
Oscillator (PVO)
The Percentage Volume Oscillator (PVO) is the percentage
difference between two moving averages of volume. Because of its formula, the
PVO has a maximum value of +100, but no minimum value. The absolute value is
not as important as the direction or the crosses above and below the zero line.
The PVO can be used to identify periods of expanding or contracting volume in
three different ways:
· Centerline Crossovers:
· Directional Movement:
· Moving average crossovers:
Movements in the PVO are completely separate from price movements. As such,
movements in PVO can correlated with price movements to assess the degree of
buying or selling pressure. Advances combined with strength in the PVO would be
considered strong. Should the PVO decline while a security's price fell, it
would indicate decreasing volume on the decline.
Read More...
