|
The contents on this page are a small sample of StockTradersHQ's member resources (FREE Trial!)
1.
Our staff of professional technical traders analyze 1,000's of potential stocks every day to provide you with a list of stock picks with the greatest potential for explosive gains.
2. These stockpicks are traded with our real-time portfolio. Email alerts are sent for every entry and exit. Through the member-only website, you will have our support every step of the way.
3. Our subscription service provides all the resources, stock picks and tools an investor needs to make very profitable, consistent trades while maximizing gains and minimizing losses.
SEE OUR TOP PICKS FOR 2006...
|
|
Monday, March 21, 2005
Market Recap
The market continues to trickle down and bleed many long term investors to death at this point. The Dow suffered another loss today, this time it was down 64 points. The S&P lost 6 points and the NASDAQ was down by just a fraction. Today, the NASDAQ bounced off its 200 SMA line, as we predicted it would in last nights chart. It is critical for this line to hold up. All indices must stay above their respective 200 SMA lines or the bulls will lose this bull market battle. All three big indices are in neutral territory now, between their 50 and 200 SMA lines. They are also down near the lower Bollinger band which is normally an area where decent bounces can occur, depending on the tomorrow's Fed meeting and as well as the various economic news coming out this week.
A Ton of News Due for Release
Tomorrow, the federal open market committee meets to decide on yet another interest rate hike. Watch for the statement following the decision, it is what the stock market will react to. Hopefully there will be no surprises, the market has already priced in a 0.25 raise. If they surprise the market with a 0.50 raise, it could be trouble for anyone with open long positions. Tomorrow will also be the release of the producer price index (PPI) at 8:30 AM. On Wednesday, the consumer price index (CPI) will be released at 8:30 AM. And on Thursday, there are 3 important economic numbers coming out. First, there are the durable goods orders, then the weekly jobless claims and finally, new home sales will be released at 10 AM. This will of course affect the housing stocks.
Successful Day Trading as the Markets Churn
Many of the day trade stocks listed in this morning day trade post on the message board did very well. GEOI moved above $11.00 today before pulling back. BOOM was today's monster rising $6.58 (23%). USEG was up $1.21 (18%). ELOS was up $1.73 (5.4%). CTML up $1.95 (4.3%) and JBL was up 0.55 (2%) on top of the big move it had on Friday's day trade. Each day, we will continue to look for these and to post them to the board before the open and as they are moving throughout the day.
With all the news coming out this week, it just might pay to stay on the sidelines until we have a chance to observe how the market reacts to all of this news. Day trading continues to be my preferred method of playing the market until we can get a sense of direction.
For New Members
For all of the new members with us, please make sure to read the link “How to use Bulletin” at the bottom of the Bulletin page on the website. It is critical that you know how to use this trading tool before trying to trade the stocks mentioned. The effectiveness of your trades will diminish if you do not completely understand how the information is presented.
Please Tell A Friend
Please tell a friend about our service. As always, thank you for your support past, present and future!
Earnings Calendar
Do not forget to check your short-term holdings and know when those companies are reporting earnings. Holding a stock through earnings is risky and I do not recommend it. You can always buy the stock back after the dust settles.
http://www.fulldisclosure.com/highlight.asp?client...
Stockcharts Listing
Please vote for us once a day at stockcharts.com. http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting. |
|
|
|
|
|
|
