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.
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.
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
Mental and Emotional Stability
March 22, 2010 by ingrid_mueller
The goal of trading discipline is mental and emotional stability which reveals crystal clarity about all aspects of trading.
It is generally approached from the viewpoint of controlling thoughts and emotions, becoming fairly dispassionate and neutral in order to execute successful trades. Avoiding getting swept upon the sea of emotions as we are deciding when to enter or when to exit, speculating as to where the market is going to go next.
One scientific estimate says that we have on average 60,000 thoughts per day. If that is true then it is an impossible task to control those wildly active viewpoints in response to what we are observing and experiencing throughout the day, let alone the heat of trading.
NYSE Tick: A Useful Tool For Day Traders
January 18, 2010 by ingrid_mueller
I have received many questions related to day trading strategies. The NYSE Tick, symbol $TICK, is a short term indicator used by day traders. The Tick is a graphic representation of stocks ticking up minus stocks ticking down on the NYSE. It is generally used in the 5 or 15 minute real time chart. Read more
GLD-Gold ETF
December 16, 2009 by ingrid_mueller
For the past 5 days, GLD has tested support of 110. Today it moved up $1.38 with a closing price of 111.59. It has triggered and confirmed long.
Exxon Mobile Buys XTO
December 14, 2009 by ingrid_mueller
The news was released today that Exxon Mobile will buy XTO Energy Inc., one of the leading oil and gas companies. XTO gapped up $7.02 at the open in response to the news. It is important to note that it is generally the company being bought that moves on the news not the company doing the buying.
Testimonial on FFIV trade
December 11, 2009 by ingrid_mueller
This morning I recieved this testimonial from Gary W. who completed the class last month.
Eight days later.
Stock up 5.31%
Option up 43.24%
Webinar Updates / Newsletter
