Wednesday, September 27, 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
Trading Ideas &
Picks
Daily
Swings
STX HUM: Stock Picks - Daily Long (STX HUM) and Short (ALKS KR FDC)
Potential Swing Candidates ... SwingTracker Scans...
Trading
Ideas - Read More
Trading Ideas &
Picks
RIMM
- Ready to Break into New Highs
RIMM: This stock is ready to break into new highs and might just do
that on earnings that are due out this Thursday. While new highs is a technical
buy point, I would be careful as this stock has already had a very big run off
the lows. See chart for addtional notes...
Trading
Ideas - Read More
Trading Ideas &
Picks
BDC -
Vacilating and Holding its Breakout Trendline
BDC:
TAfter a breakout this stock is vacilating and holding its breakout trendline
as it should. Stops would be at $36. See prior notes on chart...
Trading
Ideas - Read More
NASDAQ Chart of the Day
PHRM
took a large gap up yesterday, but has pulled back sharply from the highs on
today's trading, leaving the door open to a potential volume climax. A break
back below 20.50 could spark a solid volume climax reversal to close the gap.
Daily Trading Signals
NYSE Chart of the Day
OXY
is beginning to show life off of key support at 44.20. An upside break through
47.00 could send the stock rising back toward the summer's highs.
Daily Trading Signals
Daily Market Commentary
Updated Tuesday, 9/26 for Wednesday's market
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Key DOW Levels for 9/27
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UP
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Above 11,700
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DN
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Below 11,580
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Bullish Continuation
- Dow resumes steady advance, breaks through key 11,650 level. The
index finally got a solid break through major resistance at 11,650 and
eventually closed the day with a nice 94 point gain.
- The NASDAQ and S&P each closed the day at the highs of the session, but
the tech-heavy index was much more reluctant to breakout to new highs, which
could weigh on the market tomorrow.
Summary
The Dow closed the day with a solid gain after chugging higher throughout the session.
The index is now at the highs of the year and could be headed higher. However,
if the index cannot convincingly rise and hold above 11,700, we could see a
near-term retracement first.
Read More...
Trading Education
Tutorial
Fibonacci
Retracement Levels
Using Retracement Levels in Your Trading
Leonardo Fibonacci da Pisa was a thirteenth century mathematician
who (re) discovered what is today known as the Fibonacci sequence. Adding 1+1
and then continuing to add the sum to the previous number will arrive at this
numerical sequence. The sequence gives rise to the following numbers: 1, 1, 2,
3, 5, 8, 13, 21, 34, 55 and so on.
Read
More...
