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Market commentary for 02/16/2007 Good day! We got a narrow range day which I was hoping for. Unfortunately not exactly the type of NR day we wanted to see. For a continuation pattern we need to see consolidations at the highs but we don’t want see a new high. That is what happened...

Watch ideas: 02/15/2007 Long: http://www.ivicacharts.com/diagrams/2007/02152007ncs.jpg http://www.ivicacharts.com/diagrams/2007/02152007roiak.jpg http://www.ivicacharts.com/diagrams/2007/02152007ewbc.jpg Short: http://www.ivicacharts.com/diagrams/2007/02152007jsda.jpg...

Watch list for 02/15/2007 LONG: Day trade possibilities (DT-ST) BA long above: 90.17, stop under: 89.82, target: 91 areas DT http://www.ivicacharts.com/diagrams/2007/02152007ba.jpg SHORT: Swing possibilities (ST-PT) IFF short under: 48.47, stop above: 49.50 (49.00), target...

Market commentary for 02/15/2007 Good day! From a short term bearish bias to a short term bullish bias in few days. That pretty much explains the market action this week. The FED chairman says things are ok and that gives everyone the ok to buy. Don't you wish it was that easy?? After...

Nice commentary. Agree with that text. Problem is that is hard to take new swing trade right now. Most of open swing trades going well, but this market action is good for faster traders, or position traders. But it is high risk for 1-3 days swing traders. My opinion for longer term market is...

Watch ideas: Long: http://www.ivicacharts.com/diagrams/2007/02142007payx.jpg http://www.ivicacharts.com/diagrams/2007/02142007crdn.jpg http://www.ivicacharts.com/diagrams/2007/02142007pmtc.jpg http://www.ivicacharts.com/diagrams/2007/02142007roiak.jpg...

Watch list for 02/14/2007 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...

Market commentary for 02/14/2007 Good day! History does repeat. Just look at the market and that is what we got. After Friday’s strong move down and Monday’s consolidation yesterday we saw a reversal. Today started with a gap up and we saw exactly the action that I expected during the...

Watch ideas: Long: http://www.ivicacharts.com/diagrams/2007/02132007dsx.jpg Short: http://www.ivicacharts.com/diagrams/2007/02132007mni.jpg

Watch list for 02/13/2007 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...

Market commentary for 02/13/2007 Good day! There is something to the song that says you know when to hold em and when to fold em. Yesterday as expected was one of those days. After the strong move on Friday it is normal to see a high risk consolidation day. On the 15 min charts, you can...

Watch ideas: Long: http://www.ivicacharts.com/diagrams/2007/02122007alo.jpg http://www.ivicacharts.com/diagrams/2007/02122007cbss.jpg http://www.ivicacharts.com/diagrams/2007/02122007mlnm.jpg http://www.ivicacharts.com/diagrams/2007/02122007elos.jpg...

Watch list for 02/12/2007 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...

Market commentary for 02/12/2007 Good day! Perhaps we are getting that break from consolidation. Remember it can break either way. This could be the start of a weekly correction. I do know it is too early to say after just one weak day regardless how strong it was. After several choppy...

Watch list for 02/08/2007 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...

Market commentary for 02/08/2007 Good day! The market jumped to news highs yesterday morning. The day started with small QQQQ gap up and the Indices held the morning strength. After the 14:00ET reversal period we saw intraday reversal. That action again brought uncertainty for longs in this...

Results for 02/06/2007 STEC - entered ($10.47) day trade exit ($10.00) plus $0.47 (4.49%, 2.61 r/r) OXPS - entered ($24.03) day trade exit ($24.41) plus $0.38 (1.58%, 1.36 r/r) FRX - entered ($57.43) day trade exit ($57.95) plus $0.52 (0.91%, 2.26 r/r) EPL - entered ($21.17) day trade...

Watch list for 02/07/2007 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...

Market commentary for 02/07/2007 Good day! As expected, we had a consolidation day. The market was also whippy which makes trading (day or swing) very high risk. The indices need more consolidation for a low risk setup. They did pull back on the 60 min charts. The QQQQ again was the...

Watch list for 02/06/2007 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...