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Market commentary for 05/05/2008 Good day! The day started with strong gaps up into weekly resistance areas. The Indices didn’t have the strength to hold their morning gaps and we saw selling pressure for most of Friday's session. The morning gap was filled and around the 14:00 pm ET's...

Market commentary for 05/01/2008 Good day! We saw the usual pre FED action and that was a move up in front of the FED decision at 2:15pm ET. On the 60 min charts we can see that the indices reached new daily highs. It was on light volume and everyone waited to see what the FED...

Market commentary for 04/28/2008 Good day! The market digested a whole lot of bad news and pretty much ignored it. First MSFT came out with a soft outlook and the stock weighed on the indices all day. Next came the consumer confidence report and it was the worse reading in 25 years...

Chart of the week Symbol: VUG TRADING PLAN Entry price: above $62.07 Stop price: under $60.83 Target area: $65-66 areas Chart explanation: VUG consolidates under 200sma resistance on the daily chart which mean tendency for break up. Also it formed weekly continuation...

POSITION TRADE Symbol: BMC Company Profile: BMC Software, Inc. and its subsidiaries develop software that provides systems and service management solutions for large enterprises. It operates in four segments: Mainframe Management, Distributed Systems Management, Service Management, and...

Market commentary for 04/22/2008 Good day! The market action today was consolidation once again. There is not much to say about it and if we take a look at the 60 min charts we can see that Friday's consolidation continued into the new week. Trading risk was high all day. The main reason...

Agree with you ammo. Tried to explain that risk is higher because of that and that is important to be caution..imo. Thanks for your comment :) Thanks Brandon..I will try to do my best.:)

Market commentary for 04/21/2008 Good day! Was GOOG the only reason for Friday's strong gap up, or was it short covering? There is not much to say about Friday's action. After the strong gap up, and open weakness, the indices started with a strong rally to new highs. The problem was...

ICE long above: 127.40, stop under: 146 (148.50), target: 170-175 ST Next earning date: May 02, 2008 http://www.ivicacharts.com/diagrams/2008/04172008ice.jpg If anyone will have any question please feel free to contact me Good luck

ICE long above: 127.40, stop under: 146 (148.50), target: 170-175 ST Next earning date: May 02, 2008 http://www.ivicacharts.com/diagrams/2008/04172008ice.jpg If anyone will have any question please feel free to contact me Good luck

Market commentary for 04/17/2008 Good day! The market action continued with the same patterns, a trend day and after that several choppy worthless trading days. Wednesday brought a trend day. It was a day when stocks traded like they did in the old days. No matter which direction you...

Market commentary for 04/14/2008 Good day! Obviously the market didn’t like GE's earning's report and the indices opened with a strong gap down. It was not a textbook example, but it was a kind of daily bull trap that resulted in a trend day down and a weak close. On the intraday charts...

YW:) charts working now regards Ivica

Market commentary for 04/07/2008 Good day! Take a look at the table above and you can see that there are almost no changes and that speaks volumes about Friday's action. Over the last few days my commentaries continued to stress that we have had difficult trading days and Friday was no...

Market commentary for 04/04/2008 Good day! We can say that today was a painful day for traders. Only scalp traders, over traders and patient traders had a busy day. We definitely don’t have good market conditions right now for swing traders. Thursday brought another small daily range...

Market commentary for 04/03/2008 Good day! As we expected, Wednesday brought a correction day. Very rarely will we see two trend days in row and when we do, volume will be much higher than average. I mentioned yesterday that volume was my biggest concern and Wednesday's correction proved...

Watch ideas for Monday and education trade example Trade example Trading plan: Long trade Date entry. 03/24/2008 Entry price: $38.10 Stop price: $37.75 Target area: $39-40 areas Exit date. 03/24/2008 Exit price: $38.95 % results: 2.23 Result...

Watch ideas for Monday and education trade example Trade example Trading plan: Long trade Date entry. 03/24/2008 Entry price: $38.10 Stop price: $37.75 Target area: $39-40 areas Exit date. 03/24/2008 Exit price: $38.95 % results: 2.23 Result...

Market commentary for 03/31/2008 Good day! Another week is gone and the rounding lows pattern is more and more possible. Friday was another untradeable day. The choppy action started right after the open and continued until the end of day with more weakness again on the DIA/SPY side. We...

Thanks B:) Always can be better but can't complain. I think we read market very well and we are ready for any suprises and all is explained in market commenatry. intraday is on other place. Hope you are doing well to. Please pm me today, like to ask you something. Thanks again. best luck to all