Really no idea what was problem, but work now. Thanks for note that. I needed some time to see post, because different time zone here. Good luck all Ivica Juracic Watch list for 07/18/2006 LONG: Swing possibilities (ST-PT) POS long above: 28.83, stop under: 27.25, target: open ST http://www.swingcharts.net/Ivica/2006/07182006pos.jpg TXU long above: 61.35, stop under: 58.89, target: open ST http://www.swingcharts.net/Ivica/2006/07182006txu.jpg N from yesterday still valid http://www.swingcharts.net/Ivica/2006/07172006n.jpg SHORT: Day trade possibilities (DT-ST) BXP short under: 91.44, stop above: 92.23, target: 90 areas DT http://www.swingcharts.net/Ivica/2006/07182006bxp.jpg Watch ideas: Long: PNC, PWI, UST, D, RRI, BCR, ISRG, NARA Short: MNST, ACL, CHT, RGS, GAP, VNO, ZBRA, FFIV, ITRI 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
Market commentary: Good day! That was really narrow trading day. Good only for scalper and those in âownâ way stocks. All day we saw just consolidation and range action mostly. You can see on charts that SPY, QQQQ, DIA stayed in support area, so not much yet from bounce. http://www.swingcharts.net/Ivica/2006/07182006qqqq.jpg With this action I will expect possible selling in the morning, just to flush out weak hands and nothing more. Because for more selling we need longer daily rest, or better say for safe break down. http://www.swingcharts.net/Ivica/2006/07182006spy.jpg http://www.swingcharts.net/Ivica/2006/07182006dia.jpg My main occupation not changes. I will look for intraday reversal possibility. I will look for daily bounce. Intraday we can see that on two ways. That can be V bottom after possible morning selling, and also can be 15/30 min rounding action. One of those 2 scenarios will be start of intraday reversal. When we have range action like yesterday I generally wait main break and then consolidation and continuation. Reason for that is possibility of false breaks, and I try to avoid that situation. Those who know me from before know that Iâm breakout trader and I look for continuations after consolidations. If anyone will have any question, always can contact me. Also is important to know that we are in earning season and that is important for swing traders to look for open positions. It is risky to stay in trade before announcements. We can use that for gap trades, traps ect what we use generally in room for intraday action. Good luck Ivica Juracic p.s. apologies for any language misstakes
This is interesting chart for swing possibility. Right now is to early, and mean if will break soon I will took it with smaller lots because I like to see few more days of consolidation. Best is to see daily 20sma as resistance area and bounce from that. One of my favorite setups is 3rd try triangle and that si what I will look for in FFIV. Weekly and monthly chart have room for that move. http://www.swingcharts.net/Ivica/2006/07182006ffiv.jpg Good luck Ivica Juracic
http://www.swingcharts.net/Ivica/2006/07182006pten.jpg day trade oportunity on 15 min 3rd try triangle. Will look at open in case of morning selling. Have room for that move down. stop is above triangle line, setup under yesterday low of day Ivica
DLP swing trade above 32.30, stop under 31.25, target 35 area http://www.swingcharts.net/Ivica/2006/07182006dlp.jpg
N i dont know if all the takeover stuff has changed teh way Inco trades, but that used to be one PSYCHO stock
Just readed I think PD buy it, and I will wait intraday consolidation...30/60 min base, triangle or flag for any trade possibility. Thanks for post QQQBALL
http://www.swingcharts.net/Ivica/2006/07182006shoo.jpg Short under 22.80, stop above 30, target open for now. This is swing trade idea. Like it because look like have own way and dont care much about market action Ivica