Monday, September 25, 2006
Daily Stock Picks
Bottoming -
Sep 22 for Sep 25:
BIOS EXTR FCEL HYGS INSP PBIO RAME TUTS
(Stocks making a 52
WK low but closing higher than they opened)
Oversold Stocks -
Sep 22 for Sep 25:
CMED
(Stocks closing higher than they opened, crossing up through their 25
Stochastic level, and on 150% + greater than average 6 month volume)
Overreaction -
Sep 22 for Sep 25:
AATI ANPI SATC
(Potential Bullish
Bounce: Stocks making a 52 WK low and moving down 10% or more in one day)
More... Stock Picks Page #1
Trading Ideas &
Picks
Weekly
Market Update
Any pull back at this point is still bound to stay within the
trading channel that is on the daily basis chart, which means not much
potential. A break to the upside, however, has more potential since it is in
the direction of the overall trend. If the NDX breaks below the 1615 level
after bouncing back up, it will complete a top and we will have a quick pull
back...
Trading Ideas -
Read More
Trading Ideas &
Picks
The QQQQ Report for September 25th -
September 29th, 2006
QQQQ:
Friday's decline sent the QQQQ back below the 200 DMA, which may be an early
indication that we could see a more significant pullback. We'll continue to
watch the $40 level as traders figure out if they want to push the index higher
or lower from here...
Trading
Picks - Read More
Daily Market Commentary
Updated Friday, 9/22 for Monday's market
|
Key DOW Levels for 9/25
|
|
UP
|
Above 11,650
|
|
DN
|
Below 11,470
|
Holding at Support
- Dow tests key support at 11,480, holds to the Close. The attempt
to break the key 11,480 support level failed, thus causing the index to
basically trade sideways to the Close for a relatively mild 25 point loss.
- The NASDAQ and S&P each sold off today, but held at lows throughout the
day above key near-term support levels. Look for more development around these
levels until a solid breakout is seen.
Summary
The Dow closed the day quietly, as the index basically traded sideways to the
Close above the key 11,480 support level. Look for the index to continue to
trade around this fulcrum until a decisive break away from this level is seen.
Read More...
Trading Education
Tutorial
Consolidations
Sideways Movement Gives Indication of Future Price Direction
A consolidation is a place where buyers and sellers are very
closely matched in numbers. As the battle ensues, others notice that the market
is consolidating, and begin considering to get on board. As soon as a break
from the consolidation occurs, the latent buyers or sellers usually begin
taking positions.
Read
More...
NASDAQ Chart of the Day
PDLI
has formed a large, bullish saucer bottom and could really push to new highs if
20.00 is solidly crossed. Watch this level for signs of big strength. However,
if this stock falls beow 17.00, this pattern will be broken and it could
unleash more selling.
Daily Trading Signals
NYSE Chart of the Day
AXP
has gotten another big reaction to the major 55.00 resistance level that has
held for many months. If the stock cannot rise confidently above this
resistance level, we could see big selling away from it once again.
Daily Trading Signals
