Market commentary: Good day! Market resistance is still holding. The QQQQ couldnât break the 20ma daily resistance area. The SPY and DIA finished under trend and previous high resistance areas. http://www.swingcharts.net/Ivica/2006/07282006qqqq.jpg On the QQQQ daily chart you can see the 20ma resistance area and the previous resistance which is support now, the same is with Wednesday's low. The SPY and DIA are above the 20ma and 50ma and that will be the support area now; also the previous high and trend line are still resistance areas. http://www.swingcharts.net/Ivica/2006/07282006spy.jpg They are all very close. The daily charts are really a mess. Moving averages are all around; previous resistance is now support, previous highs and trend lines. That can tell us a lot about tomorrow expectations. http://www.swingcharts.net/Ivica/2006/07282006dia.jpg For sure it will be harder day for swing traders since I donât expect a lot opportunities. I believe that we will have the same type day as we had last 2 days. Whippy intraday actions which will be the norm for day and scalp traders. I will continue to follow the market action and I will compare that with any interesting stock charts, and then I will decide if there is a trade opportunity. In this market action Iâm very happy with âown wayâ stocks, and that is my main occupation after I do market scanning. Good luck trading today!!!! Ivica As always I will be in room just prior to the market open and I am always available via email if you have any questions. IMPORTANT: Take only opportunities what you really like and you really understand trading plan. If you will have questions always can ask me, but isnât good way to be successful if you will take trades without understanding. That is very important. Only few trades are enough for successful trader, they donât need a ton every day. I personally take mostly swing trades. You must have that always in your mind. Watch list for 07/27/2006 LONG: Swing possibilities (ST-PT) GGB long above: 15.25, stop under: 14.83, target: 17 areas ST http://www.swingcharts.net/Ivica/2006/07282006ggb.jpg CRA long above: 13.50, stop under: 12.75 (13.15 aggressive), target: ST http://www.swingcharts.net/Ivica/2006/07282006cra.jpg APH long above: 56.35, stop under: 55.40, target: 58 areas (60 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07282006aph.jpg Day trade possibilities (DT-ST) MRX long above: 26.20, stop under: 25.84, target: 27 areas DT http://www.swingcharts.net/Ivica/2006/07282006mrx.jpg SHORT: Swing possibilities (ST-PT) KSS short under: 54.06, stop above: 54.80, target: open ST http://www.swingcharts.net/Ivica/2006/07282006kss.jpg CBK short under: 26.09, stop above: 27.06, target: open ST http://www.swingcharts.net/Ivica/2006/07282006cbk.jpg Day trade possibilities (DT-ST) WTS short under: 28.40, stop above: 29.12, target: 26.50 areas (25 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07282006wts.jpg SAFC short under: 52.91, stop above: 53.12, target: 52 areas DT http://www.swingcharts.net/Ivica/2006/07282006safc.jpg Watch ideas: Long: AKAM, CYT, ECL, DLP, OSIP, CMCSA Short: ROH, TEH Good luck Ivica Juracic
Hey Ivica! I'm really glad I can still see your list dude. Good luck. I'm still gonna come visit you one day....
Hi all, I have my room , I have my place but really will not be fair to ET to give it here. If anyone have any question allways can send me private message or email with any question. Really glad people like what I post here because I'm sure that is good long term profitable style, and I'm sure in that because of my own experience. Wish all good trading Ivica
Market commentary: Good day! We had a really nice day in the trading room. The watch list setups are also going very well and I think they will continue to do well if the market breaks the over head resistance http://www.swingcharts.net/Ivica/2006/07312006qqqq.jpg This move up is whippy because of all those resistances and every day it seems one resistance is broken. The QQQQ had problems with the 20ma on daily chart. At the end of the day it finally closed the day above it. http://www.swingcharts.net/Ivica/2006/07312006spy.jpg The SPY and DIA are still in the resistance areas which are clearly visible on the daily charts. My bias for Monday is to continue to move up in the morning. After this initial move I do not know. http://www.swingcharts.net/Ivica/2006/07312006dia.jpg I do know that for any new move up the market needs rest (consolidation) on daily charts. Consolidation will bring us a pattern which is important for us to predict any future move. Market action is still effected with earnings and summer trading and because of that we need to use the proper risk. Good luck trading today!!!! Ivica As always I will be in our room just prior to the market open and I am always available via email if you have any questions. IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind. Watch list for 07/31/2006 LONG: Swing possibilities (ST-PT) ACN long above: 29.00, stop under: 28.25, target: 32.00 areas ST http://www.swingcharts.net/Ivica/2006/07312006acn.jpg ASH long above: 67.12, stop under: 64.50, target: open ST http://www.swingcharts.net/Ivica/2006/07312006ash.jpg NFP long above: 45.50, stop under: 45.00, target: 48 areas (50 areas) ST http://www.swingcharts.net/Ivica/2006/07312006nfp.jpg Day trade possibilities (DT-ST) BK long above: 34.04, stop under: 33.80, target: 35 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006bk.jpg BOH long above: 50.00, stop under: 49.65, target: 50.50 â 51.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006boh.jpg CROX long above: 27.00, stop under: 26.60, target: 28 areas DT http://www.swingcharts.net/Ivica/2006/07312006crox.jpg MAT long above: 18.00, stop under: 17.80, target: 18.50 areas (20 areas) DT-ST http://www.swingcharts.net/Ivica/2006/07312006mat.jpg SHORT: Swing possibilities (ST-PT) AH short under: 52.13 stop above: 52.86, target: 50 areas ST http://www.swingcharts.net/Ivica/2006/07312006ah.jpg CCL short under: 39.52, stop above: 39.94, target: 37.50 areas ST http://www.swingcharts.net/Ivica/2006/07312006ccl.jpg Day trade possibilities (DT-ST) NCS short under: 47.91 stop above: 48.25, target: 45.50 â 45.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006ncs.jpg RCL short under: 34.25, stop above: 34.83, target: 32.50 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006rcl.jpg Watch ideas: Long: ACGL, IO, MLI, MYOG, SPAR, JCOM, ESI Short: ARA, HLT, CWTR, ZUMZ, HIBB, CHRS, CBRL Good luck 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/dwl072006.htm - for July
NCS short under: 47.31 stop above: 48.25, target: 45.50 â 45.00 areas DT-ST http://www.swingcharts.net/Ivica/2006/07312006ncs.jpg not under 47.91, that is misstake
JCOM above: 27.80, stop under: 27.25, target 30 area http://www.swingcharts.net/Ivica/2006/07312006jcom.jpg This is JCOM daily chart. JCOM had nice bounce from daily support area and then consolidation. That consolidation brings us nice r/r possibility. I will look for equal move if JCOM will see setup. 1st resistance is daily 20sma...blue line Ivica
IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind. Watch list for 08/01/2006 LONG: Swing possibilities (ST-PT) ASH long above: 67.12, stop under: 65.75, target: open ST http://www.swingcharts.net/Ivica/2006/08012006ash.jpg NFP long above: 45.50, stop under: 44.50, target: 48 areas ST http://www.swingcharts.net/Ivica/2006/08012006nfp.jpg DD long above: 39.16, stop under: 42.00, target: 30 areas PT http://www.swingcharts.net/Ivica/2006/08012006dd.jpg ARRY long above: 8.50, stop under: 8.16, target: 10 areas ST http://www.swingcharts.net/Ivica/2006/08012006arry.jpg Day trade possibilities (DT-ST) ROH long above: 46.26, stop under: 46.00, target: 47.00 areas http://www.swingcharts.net/Ivica/2006/08012006roh.jpg SHORT: Swing possibilities (ST-PT) Day trade possibilities (DT-ST) ZUMZ short under: 29.66, stop above: 30.67, target: 27 areas DT-ST http://www.swingcharts.net/Ivica/2006/08012006zumz.jpg DVA short under: 49.70, stop above: 50.24, target: 48 areas DT-ST http://www.swingcharts.net/Ivica/2006/08012006dva.jpg Watch ideas: Long: HOC, MENT Short: PFG, ASTE Good luck 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 - for May http://www.swingcharts.net/Ivica/2006/dwl062006.htm - for June http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July If anyone need more information and have questions allways can send me private message
Market commentary: Good day! Yesterday we had a typical summer trading day. After intraday down trend at the start, the market fell into range action for the rest of day. That is the reason I continue to say it is important to trade defensively during the summer. The market will always be here and the most important thing is to remain in the game by not losing all of your trading capital. http://www.swingcharts.net/Ivica/2006/08022006qqqq.jpg On daily charts the QQQQ remained above the 10ma support area and still looks to be the weakest of all the indexes. The SPY and DIA look stronger. http://www.swingcharts.net/Ivica/2006/08022006spy.jpg On the daily chart SPY stayed above 200ma support area and DIA above 200sma on the15 min chart. Generally, daily resistances are still holding. Last week we saw that some of resistance areas were broken, and that areas are now the support areas. Now we have same situation. http://www.swingcharts.net/Ivica/2006/08022006dia.jpg Market right now is holding in lot of daily support/resistance areas. I donât expect a strong move in any direction during August. From my experience this is the worse month for trading. I will trade small and with very small risk over August. Good luck trading today!!!! Ivica As always I will be in our room just prior to the market open and I am always available via email if you have any questions. IMPORTANT: Take only opportunities that you really like and understand. Always enter a trade with a trading plan. If you have questions you can always ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Only a few trades are enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally take mostly swing trades. You must have that always in your mind. Watch list for 08/02/2006 LONG: Swing possibilities (ST-PT) GDW long above: 74.85, stop under: 72.00, target: open ST http://www.swingcharts.net/Ivica/2006/08022006knl.jpg Earning date: July 20, 2006 Day trade possibilities (DT-ST) BRO long above: 31.50, stop under: 31.25, target: 32.00 areas DT http://www.swingcharts.net/Ivica/2006/08022006bro.jpg Earning date: July 24, 2006 SHORT: Swing possibilities (ST-PT) HXL short under: 13.82, stop above: 14.50, target: 12 areas ST http://www.swingcharts.net/Ivica/2006/08022006hxl.jpg Earning date: July 24, 2006 DD short under: 39.16, stop above: 42.30, target: 30 areas PT http://www.swingcharts.net/Ivica/2006/08022006dd.jpg Earning date: Oct 24, 2006 KNL short under: 17.10, stop above: 17.35, target: 16 areas ST http://www.swingcharts.net/Ivica/2006/08022006knl.jpg Earning date: July 24, 2006 Day trade possibilities (DT-ST) FFIV short under: 44.71, stop above: 45.13, target: 43 areas DT-ST http://www.swingcharts.net/Ivica/2006/08022006ffiv.jpg Earning date: Oct 25, 2006 Watch ideas: Long: GRP, WFC Short: NCR, ADS, PNRA, BOOM Good luck Ivica Juracic If anyone have any question or any comment can contact me on danded2005@inet.hr 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 - for May http://www.swingcharts.net/Ivica/2006/dwl062006.htm - for June http://www.swingcharts.net/Ivica/2006/dwl072006.htm - for July