Tuesday, November 21, 2006
Instant Profits @Profits Run presents:
Two
minute GOLD video reveals recent short trades
If you've been watching gold, you know there was a big spike to 753 back in May
that dropped off to 557.10 that every one was talking about.
But did you know that there were a handful of
great market moves that some traders shorted in the months that followed?
You can see these trades revealed in this
quick, 2 minute video:
- Instant
profits trading course
How to trade like W.D. Gann ~ Options University
NASDAQ Chart of the Day
BCRX continues to wind up within the boundaries of a clear triangle that
could offer explosive movement. Watch 12.80 and 11.00 for signs of a breakout.
Daily Trading Signals
NYSE Chart of the Day
FUL is filling a large gap to the downside and could become a highly
bearish exhaustion gap. Watch for follow-through below 25.50 for signs of much
more weakness.
Daily Trading Signals
Trading Education
Tutorial
Support and Resistance Levels
History
Tells Us When Securites are Overbought or Oversold
Support indicates a level on the chart where we can expect an increase in the
demand for a security (buyers take over). How do we know this? By identifying
this reaction to this price level in the chart's history.
Read
More...
Daily Market Commentary
Updated Monday, 11/20 for Tuesday's market.
|
Key DOW Levels for 11/21
|
|
UP
|
Above 12,400
|
|
DN
|
Below 12,275
|
Holding...
- Dow trades quietly lower from 12,350, ends day with small loss.
The index reversed from the session's highs and eventually closed the day with
a relatively mild 26 point loss.
- The NASDAQ and S&P each continue to trade within the boundaries of their
respective consolidations. Watch these ranges for big movement.
Summary
The Dow continues to hold firmly at the overall highs of the recent uptrend,
which indicates continued bullishness. We could see the Dow build out a nice
consolidation above 12,275 as it gears up for the next key move. Watch this
zone closely for early direction.
Read More...
