More About The 2 Stocks Discussed Yesterday
April 28, 2010 by ingrid_mueller
Yesterday, I mentioned that CREE and LULU had lined up to go long providing the broad market and the individual stock were moving up on stronger volume.
However, futures indicated that the market would open down and later in the morning we saw a 100 point drop ending the trading day with a 213.04 decline.
The DJIA dropped below resistance of 11,200 and now sitting just under 11,100. Both the NASDAQ and the S+P 500 dropped below previous levels as well.
Since all three indexes have been overbought since mid-February, this sell-off may generate new entry signals.
We saw heavy profit taking on many of the stocks on our watch list. Now we will wait for clear market direction.
Two New Potential Long Trades
April 27, 2010 by ingrid_mueller
This morning in reviewing my watch list, I note 2 charts confirmed to potentially go long providing the broad market and the stock is moving up on strong volume.
Lululemon Athletica, LULU confirmed long 2 bars ago.
Cree Inc., CREE confirmed long yesterday.
However, the futures are down before the market open. We will wait for clear entry signals.
Two New Long Potential Trades
April 27, 2010 by ingrid_mueller
This morning in reviewing my watch list I note 2 charts that have lined up for a potential long trade.
LULU, Lululemon Athletica, confirmed long 2 bars ago.
Cree Inc, symbol CREE , confirmed long yesterday.
Futures are down before the market open this morning.
Still Stair Stepping Up
April 26, 2010 by ingrid_mueller
The broad market has been stair stepping up since mid February. We have been waiting for a clear entry point as signified by a new long trigger on the Williams %R.
On Friday, April 16th, it looked as though we might have the beginning of the awaited sell off with a drop of 125 points. Watching to see if Williams %R would descend to -80 or greater.
Instead on Monday the market continued its’ stair stepping pattern. Friday we testd 11,200 on the DJIA.
We have two choices for position or swing trading. Wait for sell-off and a new entry point or if the market consolidates around 11,200 we would enter on a break out with higher volume.
We shall see what the charts tell us this week. In the meantime, review your watch list and create a short list of stocks that are lining up.
Reminder: Free Webinar: How To Trade ETFs.
April 19, 2010 by ingrid_mueller
Join Us for a Free Webinar: How To Trade ETFs
Wednesday April 21 9 PM EST.
Presented by Ingrid Mueller
Since February 2010, the Dow Jones Industrial Average has moved up over 1000 points, the NASDAQ has gained over 250 points with a 100 point gain on the S&P 500 Index.
Recently both the DOW and NASDAQ indexes made a new 2010 high. Since March 9, 2009 the NASDAQ has moved up 89%, the DOW 67%, and the S&P 74%.
The market continues to stair step up breaking through 11,000 resistance on the DJIA.
Stocks on our watch list have made a nice profit and we are looking for new long entry points.
Exchange Traded Funds called ETFs are portfolios of stocks, bonds, currencies or commodities that trade as a single stock on a stock exchange.
I have been trading ETFs for 15 years. They are increasingly popular and are an excellent vehicle for beginners to experienced traders.
In this webinar I will discuss:
- Advantages of trading ETFs
- Global Market ETFs
- How to trade ETFs.
- Profile charts of ETFs that follow the broad market
- Trading strategies
- How to enter an existing trend
Join us for an informative session designed to immediately improve your trading performance.
To register: https://www1.gotomeeting.com/register/634917657
For assistance or questions contact me at mystockcoach@gmailc.om
Ingrid Mueller
Wait For A New Clear Signal
April 19, 2010 by ingrid_mueller
On Friday we saw significant profit taking after 6 weeks of stair stepping higher trading. Many strong companies were affected.
Although the sell-off appears to be related to the latest financial news, bear in mind that we expected some profit taking after recent days of buying and prolonged overbought indicators.
It is easy to be overcome by emotions and give in to the temptation of jumping onto the moving train not knowing when the train is losing steam and the ride is over.
This is a time to protect profits on existing trades with trailing stops and wait for new clear entry signals based upon a sound trading plan.
This week we will watch and see whether there will be more profit taking and then resuming of our upward course. We will also watch for signs of change. It is best to wait before entering any new trades until we have a clear direction and new entry triggers. As always, our strong watch list will generate new profitable trades.
Free Webinar: How To Trade ETFs
April 15, 2010 by ingrid_mueller
Join Us for a Free Webinar: How To Trade ETFs
Wednesday April 21 9 PM EST.
Presented by Ingrid Mueller
Since February 2010, the Dow Jones Industrial Average has moved up over 1000 points, the NASDAQ has gained over 250 points with a 100 point gain on the S&P 500 Index.
Recently both the DOW and NASDAQ indexes made a new 2010 high. Since March 9, 2009 the NASDAQ has moved up 89%, the DOW 67%, and the S&P 74%.
The market continues to stair step up breaking through 11,000 resistance on the DJIA. Read more
Webinar Updates / Newsletter
