DISCA - Discovery Communications - Lower Channel Resistance
DISCA, Discovery Communications, daily chart on Friday, June 25, shows successful resistance on the lower channel while closing above the 50 day moving average.
This stock could run back to the 40 range in the next 5-10 trading sessions providing approximately 7% return.
DISCA is part of the Services industry group, which was the industry group in [...]
DIG ETF - Ultra Oil & Gas - 6/27/10
The Proshares, symbol DIG, Oil & Gas Ultra ETF is a 200% return on the Dow Jones U.S. Oil & Gas Index. If the Dow Jones O&G index goes up 1%, the ETF goes up twice that much or 2%.
The top 10 holdings of DIG as of 6/25 is Exxon (XOM) with 26%, Chevron wiht 12%, [...]
Stock Market Summary - 06/25/10
The Dow Jones, S&P 500 and Nasdaq finished a down week that has created almost exact technical stock charts for all.
The candlestick patterns for this week trade are very interesting. Last week we showed upward pentration of the 21 day moving average and showed the ability to hold the gains on Wednesday through Friday. Monday [...]
Dow Jones Industrial - Inverted Hammer - June 14 2010
The Dow Jones Industrial Average had a nice run up today and by the end of the day, the bears won and took back the gains.
The DJIA also penetrated the short term channel resistance and touch the 200 day moving average and closed below them both.
The daily candlestick is an inverted hammer.
It looks like the [...]
Conglomerates and Basic Materials Lead the Markets down on June 14 2010
Today the Conglomerates and Basic Materials Sector led the markets lower today. Last week the Basic Materials group was the market leading sector for the week.
QID - Intraday Short Term Reversal - June 14 2010
QID, the Ultra Short of the QQQQ had what appears to be an intraday reversal.
The daily charts shows the ETF is still within a longer downward channel. Since May, QID is making lower lows and created a resistance line that was tested today and held again.
QID could have a few up days. The longer term [...]
Basic Materials - Winning Sector for the week of June 7 2010
Finviz group charts show that the Basic Materials group outperformed all other groups last week recording a 5.3% increase for the week. <<view real time chart>>
The top 10 stocks within the Basic Materials sector that help drive this sector are listed below. <view realtime>
The oil and gas industry group within the Basic Materials sector were [...]
Dow Jones Industrial Average - DJIA - June 12 2010
The Dow Jones Industrial Average closed up on Friday, June 11 2010, after bouncing around through the day on low volume. Around 3:00 the chart looked like a wedge and could close up either up or down.
Positives - The daily chart looks like we may have broken out of the descending channel to the upside. [...]
Top Stocks Pick: Pre-Market:-Apple Inc AAPL Stock Technical Analysis
Pre-Market:-Apple Inc AAPL Stock Technical Analysis. Apple Inc AAPL Resistance, pivot & Support Levels - 05/14/2010. Resistance levels: $273.60, $268.52, $263.44. Pivot point: $259.92. Support levels:$254.84, $251.32, $256.24 …
Day Trading Economic News Analysis: S&P 500 June 11, 2010
By: Shamim Ziyaaudhin
Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!
S&P 500
The S&P 500 index is currently trading between these natural support and resistance levels: 1050, 1075, and the 1100. We are also trading above the 200 day [...]
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