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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.
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Tuesday, August 02, 2005
Market Recap
Another big move for stocks today as this market is in no mood to slow down. The stock market is on fire right now, and today that fire was fueled in a big way. A solid close for the Nasdaq near its high of the day but more importantly, it blew through that 2201 resistance level it has attempted to do twice before. As we said last night, three times is a charm. Today, the Nasdaq was up an amazing 22 points and closed at 2218 and as you will see in tonight's chart, volume was fantastic, confirming this solid move. The Dow was up 60 points but off its highs as 10700 proved to be stiff resistance for it to overcome today. The S&P was up 8 points and closed at its high of the day on good volume. The S&P is approaching the 1250 level which will undoubtedly be a tough resistance level. The RUT gained 6 points today and closed at an all time high once again. All this with crude oil at another all time high today, $61.89 on a closing basis. The market could care less about oil prices as it steams along with confidence and lasting type power with the wind seemingly at its back.
Confidence in Trading
While the markets move up with confidence lately, it brings up the subject of individual confidence in trading. Taking up a position in a stock when you are less than 100% confident is just a disaster waiting to happen. Being confident does not mean being right. You cannot always be right. However, based on the facts you have available to you regarding the stock and its technical chart pattern, you can be 100% confident that you have done your homework based on what information you have available to you. Anything less than this will tend to induce uncertainty into your trading. This will often undermine your confidence and ultimately your ability to stand firm when the pressure is on and the emotions are running high.
By the same token, you must also be confident enough to exit a position when you realize you have made a mistake in a trade. No one is suggesting you hold a stock that is in trouble. Rather, you base your trading on facts, not fluctuations in the markets. Once you have made your decision to buy or sell, if you are right, ultimately the markets will come to you with a profit. Others may sell because they see someone next to them sell, but that is not, and never has been, the road to success on Wall Street. Do not follow the crowd - follow the facts, follow the tape and trust in the chart. Be confident in your trading using sound technical analysis and you will generally come out on top a large percentage of the time.
STHQ Chart Index - If you go to the chart index in the left side menu, you can review and study charts we have annotated for each stock listed in the past.
Earnings Calendar
We have added the earnings link for each stock on the bulletin. To access the link for earnings you can either use this link below or click the link on the bulletin for the corresponding ticker. Click the online bulletin in the left side menu for access to the earning calendar for each stock listed. It is not recommended to hold a position through earnings. You can always buy the stock back after the dust settles.
http://www.earnings.com
Stockcharts Listing
Please vote for us once a day at Stockcharts.com.
http://stockcharts.com/def/servlet/Favorites.CServ...
Thank you all for voting
For New Members:
For all 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 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.
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