LONG: Swing possibilities (ST-PT) CHAP long above: 74.25 stop under: 67.50, target: 100 areas PT http://www.swingcharts.net/Ivica/2006/09052006chap.jpg Earning date: July 12, 2006 Ivica
HC long above: 19.20, stop under: 18.39, target: open ST http://www.swingcharts.net/Ivica/2006/09052006hc.jpg Earning date: July 27, 2006 Good luck ivica Juracic
UPS long above: 71.19, stop under: 70.50, target: open ST http://www.swingcharts.net/Ivica/2006/09052006ups.jpg Earning date: July 25, 2006 Good trading Ivica Juracic
Market commentary for 09/05/2006: Good day! Those who read Thursday's commentary and expectations for the next day saw that we got exactly what I expected. While we didn't see a strong trend day, the SPY and DIA did get a nice move after the 60 min high was broken. When I look at the daily and weekly charts I see room for the SPY and DIA to move up to daily/weekly highs. From that standpoint I have a bullish bias. My biggest worry is the QQQ. The tech index didn't follow the same action and stayed under the daily resistance area; therefore, the double top pattern is still a possibility. Long traders will be hoping that the SPY and DIA will take QQQ with them to the upside. Also as I expected, Friday's volume wasn't strong on the breakout because of the long weekend. Most big players were gone well before the market closed. For now my bias for the next few weeks is on the long side, but as usual I will go with the market action. Our longs are going well and I will look for continuations. http://www.swingcharts.net/Ivica/2006/09052006qqqq.jpg http://www.swingcharts.net/Ivica/2006/09052006spy.jpg http://www.swingcharts.net/Ivica/2006/09052006dia.jpg Good luck trading today!!!! Ivica Juracic
Watch list for 09/06/2006 IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! LONG: Swing possibilities (ST-PT) BDE long above: 17.13, stop under: 16.60, target: 20 areas ST http://www.swingcharts.net/Ivica/2006/09062006bde.jpg Earning date: Aug 03, 2006 EPD long above: 27.00, stop under: 26.15 (26.43), target: 30 areas ST-PT http://www.swingcharts.net/Ivica/2006/09062006epd.jpg Earning date: July 25, 2006 HC, PTV, PSSI still valid http://www.swingcharts.net/Ivica/2006/09062006hc.jpg http://www.swingcharts.net/Ivica/2006/09062006ptv.jpg http://www.swingcharts.net/Ivica/2006/09062006pssi.jpg Good luck trading today!!!! Ivica Juracic
Day trade possibilities (DT-ST) EAT long above: 38.90, stop under: 38.42, target: 40 areas DT-ST http://www.swingcharts.net/Ivica/2006/09062006eat.jpg Earning date: Oct 24, 2006 SHORT: Swing possibilities (ST-PT) MDC short under: 42.00, stop above: 43.15, target: open ST http://www.swingcharts.net/Ivica/2006/09062006mdc.jpg Earning date: July 20, 2006 AAI short under: 10.98, stop above: 11.29, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/09062006aai.jpg Earning date: July 27, 2006 STMP still valid http://www.swingcharts.net/Ivica/2006/09062006stmp.jpg Good luck trading Ivica
Market commentary for 09/07/2006: Good day! . Yesterday's market was a classic bull trap. The market opened with a gap down under the previous day's low which brought the bears out. On a bull trap I generally wait for the 5 min low to print and then go with the sellers. On the SPY 5 min chart you can see the setup. The stop is above the 5 min high. That is the general plan. It's also very important to watch the first 15/30 minutes of trading action. After the opening gap and consolidation, the indices started to play bear music and we had a nice downtrend day. That wasn't in line with our open long positions thus triggering some of our trailing stops. Some positions are still ok as can be seen on our tracking records. MDC had a very nice day, and is approaching the first support area which is a whole number support area at 40. Following yesterday's trap I expect to see a consolidation day on the 15/30 min charts. I'm anticipating some selling in the morning and then consolidation will start and very possibly continue for rest of the day. Volume on yesterday's selling wasn't very strong and because of that I don't expect to see a strong daily reversal. That means that today I will mostly watch for intraday moves. On the longer time frame I still see a move up for the SPY and DIA, but they'll need a few more days of correction before that possibility comes into play. I'm still looking for the daily 20sma to move into a stronger support area. As usual I will go with the market and then decide. http://www.swingcharts.net/Ivica/2006/09072006qqqq.jpg http://www.swingcharts.net/Ivica/2006/09072006spy.jpg http://www.swingcharts.net/Ivica/2006/09072006dia.jpg I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic Watch list for 09/07/2006 IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! LONG: Swing possibilities (ST-PT) PTV is still valid http://www.swingcharts.net/Ivica/2006/09062006ptv.jpg Day trade possibilities (DT-ST) DDR long above: 54.58, stop under: 54.25, target: 55 for DT, open for ST http://www.swingcharts.net/Ivica/2006/09072006ddr.jpg Earning date: July 26, 2006 EAT long above: 39.00 stop under: 38.70, target: 40 areas DT-ST http://www.swingcharts.net/Ivica/2006/09072006eat.jpg Earning date: Oct 24, 2006 SHORT: Swing possibilities (ST-PT) BID short under: 27.00, stop above: 28.08, target: 25 areas http://www.swingcharts.net/Ivica/2006/09072006bid.jpg Earning date: Aug 02, 2006 Day trade possibilities (DT-ST) CPS short under: 35.80, stop above: 36.00, target: 35 areas DT-ST http://www.swingcharts.net/Ivica/2006/09072006cps.jpg Earning date: July 20, 2006 PCLN short under: 30.72, stop above: 31.05, target: 30 areas DT http://www.swingcharts.net/Ivica/2006/09072006pcln.jpg Earning date: Aug 07, 2006 Watch ideas: Long: http://www.swingcharts.net/Ivica/2006/09072006cbss.jpg Short: - I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic DT - day trade ST â swing trade PT â position trade DT-ST â starting with day trade and can turn to swing trade ST-PT â staring with swing trade and can turn to position trade Daily watch list tracking records: http://www.swingcharts.net/Ivica/2006/dwl052006.htm http://www.swingcharts.net/Ivica/2006/dwl062006.htm http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July http://www.swingcharts.net/Ivica/2006/dwl082006.htm - for August http://www.swingcharts.net/Ivica/2006/dwl092006.htm - for September
Market commentary for 09/08/2006: Good day! . My expectations for the market at the open came to fruition. The market opened to the down side and as I expected and it tested the 20ma daily support area. The 20ma daily held support on the first try to break down on the QQQQ and the SPY daily charts. The DIA was very close to that area. As a lesson or reminder the support and resistance is not an exact number it is an area. I believe a continuation of yesterday correction will continue today. Intraday action the QQQQ had problems with the 200ma 15 min resistance area and the SPY with 200ma and the 20ma resistance area on 30 min chart. I always use 20sma area because that is significant area on any time frame and very often the trend will change only after breaking that area. It is also very rare the 20ma will be broken on 1st try and because of that I pay attention to it on every time frame. Because of that I expected that daily 20ma will hold yesterday selling. All the indices held intraday resistances and they all came back to the daily low area (especially DIA 15 min chart). That will now be a stronger intraday support area and a high probability to see 15 min double top pattern. Today at open I will look for 2b action. If that doesn't hold we will see another try to break down, and that will be 3rd try I will go again with the shorts for another round of selling. If 2b will hold then I will wait to see indices to break 20ma 15 min resistance area for possible move up. Those are 2 scenarios what I will follow at start. Remember to trade cautiously until the market gives us a clear direction. http://www.swingcharts.net/Ivica/2006/09082006qqqq.jpg http://www.swingcharts.net/Ivica/2006/09082006spy.jpg http://www.swingcharts.net/Ivica/2006/09082006dia.jpg I am always available via email if you have any questions about watch list ideas danded2005@inet.hr Good luck trading today!!!! Ivica Juracic
I traded CBSS before. Here is what I had to say about it: http://elitetrader.com/vb/showthread.php?s=&postid=1186777&highlight=cbss#post1186777 But I hope it works for you
Market commentary for 09/11/2006: Good day! Overall Friday was a consolidation day. This came after the selling wave from the daily high during the week. Today started with selling with the market hitting a double bottom on the 15/30 min charts. This held for the rest of the day. The bounce was weak as we continued with whippy intraday action what was good for fast trades. AAI swing trade made our day and week with very nice gap down and hit the target area ( AAI; AAI). On QQQQ daily chart the 10ma held and same with SPY daily chart. Monday's action will be important because if we don't see a bounce from daily 20ma support area, there will be a high probability to form a daily avalanche pattern and a continuation of the daily correction. You can see on SPY and QQQQ daily chart that correction from the high with stronger wave then move to daily high. That is the kind of action I want see when I look for correction and reversal trend. After one day of consolidation is too early to say what will be. The first few days next week will be important to see if we bounce back to the daily high resistance area or will we stay within the consolidation for another step down. Those are just ideas what I will look for and as usual I will go with market action. Generally I will expect another day with more choppy intraday action.. http://www.swingcharts.net/Ivica/2006/09112006qqqq.jpg http://www.swingcharts.net/Ivica/2006/09112006spy.jpg http://www.swingcharts.net/Ivica/2006/09112006dia.jpg I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic p.s. My apologies for the mistakes. Those who follow my work know that English isnât my 1st language, but Iâm learning. Watch list for 09/11/2006 IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!! LONG: Swing possibilities (ST-PT) IGT long above: 39.30, stop under: 36.50 (37.50), target: 50 areas ST-PT http://www.swingcharts.net/Ivica/2006/09112006igt.jpg Earning date: Nov 07, 2006 I am always available via email if you have any questions. danded2005@inet.hr Good luck trading today!!!! Ivica Juracic