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AGE has closed near the support of a rising wedge pattern Casey Murphy - Aug 31, 2006 - BA has a stock price near an influential long-term trendline. The ascending 3.5 year trendline has propped up the price numerous times in the past and it will be interesting to see if the price will bounce off of it once again. We'd expect to see the long-term trend continue upward until the bears send the price below the support, which is currently at $75...Trading Picks - Read More
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The QQQQ Report for August 28th - September 1st, 2006 Casey Murphy - Aug 28, 2006 - It looks like the QQQQ may test the support at the bottom of the gap (illustrated by the dotted lines) near $37.75. We'll continue to watch the 100 DMA because this moving average is the next major resistance that is preventing the long-term downtrend from continuing... Read More
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Weekly Market Update Shay Horowitz of ShogunTrading - Aug 28, 2006 - On a long term basis:
1. The market changed the trend into an up trend.
2. We made a double bottom, came up with lots of momentum.
3. Expect this up trend to last 4-6 months
4. Market is pulling back now to confirm the change of trend
On a shorter term basis:
1. The first wave of the up trend needs to be confirmed
2. The market needs to pull back and test the breakout levels.
3. It has been a nasty week so far, completely lacking for volume and momentum
... Read More
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AGE has closed near the support of a rising wedge pattern Casey Murphy - Aug 24, 2006 - AGE has closed near the support of a rising wedge pattern. Some traders may use this recent move lower to suggest that the trend is shifting downward, but we will wait for a close below the trendline to confirm this decline...Trading Picks - Read More
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RMD has broken below a long-term trendline Casey Murphy - Aug 24, 2006 - RMD has broken below a long-term trendline. As you can see from the chart below, the ascending trendline has been able to prop up RMD's price several times over the past two years, but the bears managed to push the latest weekly bar below the support. The recent move below the $44 support level suggests that the long-term trend is shifting downward...Trading Picks - Read More
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DE - Trading within a previous trading range Casey Murphy - Aug 22, 2006 - This bearish crossover could be used by technical traders to suggest a further decline, or even a longer-term move toward the support near $57.50...Trading Picks - Read More
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Weekly Market Update Shay Horowitz of ShogunTrading - Aug 21, 2006 - The market was in a down trend for 3 months, a quick bounce is exciting, but it is new and untested. Many people call it the "Thank Goodness" rally. If someone was holding a position that has been moving against them for three months, they would use this rally to cover a bit higher than worst case, so they say "thank Goodness".
In my opinion, this is the real thing, it is developing into a real up trend. After the initial pull back, the market will confirm the new up trend, establish a really solid bottom, and then we will get the real up trend... Read More
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Weekly Market Update Shay Horowitz of ShogunTrading - Aug 14, 2006 - The market has been consolidating for the last three weeks. On a long term basis the market is still within the down trending channel. Watch for failure of the 1475 level as confirmation of the down trend continuing. If this down trend continues, the next wave, the third wave, may take us down to 1330. The last time we had such a correction was in 2002... Read More
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Monthly Market Recap
SwingTrades.com - Aug 3, 2006 - The Macro weekly uptrend is still bullish, the longer term trend is now bearish, the short term trend is bullish. We now have conflicting trends between short and long term trends. With the conflicting trends we will keep our trading conservative while looking for opportunities on both sides of the market. We will approach our Swing Trades with a slight bias to the long side of the market...
Read More
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CIEN Reversal! Larry Swing - Aug 10, 2006 - Despite a falling
stock price, money flow for CIEN has recently been very positive. With the stock now showing additional technical signs that an advance is likely to be imminent, we are bullish on the stock...Trading Picks - Read More
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Swing Trade of the Week Ken Matsumoto - Aug 10, 2006 - EXBD: Stock surged below a support area with a bearish colored candle, then traded at the lower end of the bearish colored candle, representing a consolidation and possible setup for further downside. Look to go short at...Trading Picks - Read More
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Double Top Formation Larry Swing - Aug 8, 2006 - LBIX has broken down from a double top formation on high volume; the rise that preceded the double top formation was associated with negative money flow, suggesting institutional sales. The confluence of the two bearish signals leads us to have a negative outlook...
Trading Picks - Read More
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Weekly Market Update Shay Horowitz of ShogunTrading - Aug 7, 2006 - On a long term basis: 1. The market is still within the down trending channel. 2. All moving averages are still pointing down. 3. Watch for failure of the 1475 level as confirmation of the down trend continuing
On a shorter term basis: 1. The market gapped up on Friday, but failed to continue up. 3. A gap up and a failure is a reversal bar, sign of weakness... Read More
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Swing Trade of the Week Ken Matsumoto - Aug 4, 2006 - HOLX: After a bullish gap up in late June, stock has been trading in a sideways range at the converged MAs. Stock surged below the support level intraday then traded two days at the lower end of the bearish colored candle, representing a consolidation and possible setup for further downside. Look to go short at...Trading Picks - Read More
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The Fisher Transform Larry Swing - Aug 4, 2006 - The Fisher Transform provides sharper crossovers and more consistency in trends than most other indicators. Signals generated by the indicator are clear; when it is high and it begins moving down, short. When it is low, and it begins moving up, buy. Here’s an example, when strictly following the indicators...Trading Picks - Read More
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DRYS Breakout! Larry Swing - Aug 3, 2006 - An analyst upgrade and descending wedge breakout. The stock rose strongly and on high volume following a bullish analyst revision and it broke out of a large descending wedge...Trading Picks - Read More
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AKAM Breakout! Larry Swing - Aug 1, 2006 - The stock rose strongly and on high volume in response to earnings... It also broke out of an ascending triangle pattern...Trading Picks - Read More
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Swing Tracker Stock Scans - Usual Suspects Larry Swing - July 31, 2006 - Usual Suspects scan is intended to find stocks that are moving up on high volume. You should ignore those stocks that have been moving up on high volume for several days – you want the first day of the move...Trading Picks - Read More
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Weekly Market Update Shay Horowitz of ShogunTrading - July 31, 2006 - On a long term basis: 1. The trend is still a down trend. All three moving averages, the 21, 50 and 200, are all trending down. 2. The market might swing to the other side of the down trending channel.
On a shorter term basis: 1. We broke above the 1500 resistance level and closed strong on Friday... Read More
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