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Market commentary for 02/06/2007 Good day! We saw a range day yesterday which makes it difficult for trading in any direction. The good news is the indices stayed in a 60 min consolidation area which brings a higher possibility to see another move up. The QQQQ is still in 60 min cup and...

Watch list for 02/05/2007 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 02/05/2007 Good day! That was a typical Friday. The good news for traders that are bullish is that market held up the last few days. For a continued move up the market must see a longer consolidation (rest) for low risk setups. That is particularly true on the SPY...

Market commentary for 01/31/2007 Good day! We saw a very slow trading day. The indices were trendless and the pace was very slow providing a high risk environment. Normally after a narrow range day (NR7) we can look for a trend day but because of the Fed we will have to wait till after...

Market commentary for 01/30/2007 Good day! Monday was an exercise of patience. The morning action brought a move up in the market, which I did not trust, and it wasn't something that I would trade. We did have a couple of longs trades in the room that worked out well. I don't trust this...

Market commentary for 01/29/2007 Good day! Friday action was exactly as we expected. After a small gap up at the open the Indices weakened. Daily support held and for the rest of the day we saw consolidation (rest) which the market needed after two weak days. QQQQ stayed in the daily range...

Market commentary for 01/25/2007 Good day! We had a very nice trading day yesterday. The divergence finally merged and after the morning gap up and consolidation the market started to move up. The DIA 60 min (Cup with handle) and the SPY (daily bull flag) intraday on the daily chart saw...

Market commentary for 01/23/2007 Good day! The SPY and DIA caught up with the QQQQ yesterday. The 20sma proved too strong to be broken on its first attempt. The QQQQ consolidated on the 60 min 200sma and it finally did break and finished below that level. The morning selling was the...

Trend day We all know that is much easier make money during trend day than during a consolidation or flat day. Since we trade for profits lets us see how we can recognize this opportunity and take advantage of trend day. How do we look for a trend day on the daily chart? It is a big extreme...

Market commentary for 01/19/2007 Good day! We finally saw nice trend day, unfortunately only the QQQQ participated. The SPY and the DIA did not follow the weakness. The DIA actually exhibited some strength. You can see we didn’t see massive market selling and the divergence between DIA...

Market commentary for 01/17/2007 Good day! Yesterday we saw a narrow trading day or we saw NR7 day. That is the narrowest trading day in last 7 days. That information can be used today since that generally means we have a higher possibility to see a trend day. On the intraday charts, you...

Market commentary for 01/16/2007 Good day! The QQQQ after being the leader the last few days was the laggard with the SPY and DIA showing more strength. These indices all made new weekly highs. Unfortunately, they did stay in a consolidation area and now are at daily high resistance...

Weekly/friday results From watch list ACN - entered (37.43) day trade exit (37.95) plus $0.52 remainder swing looking for (50.00) From trading room calls CMCSA - entered (43.30) day trade exit (44.00) plus $0.75 (remainder swing looking for (45.00 – 50.00)...

Market commentary for 01/12/2007 Good day! We finally saw a move without a divergence. The QQQQ made a new weekly high and finished the day in overbought area (daily CCI is 218), and SPY and DIA touched the previous daily resistance area. On the daily QQQQ chart you can see that is the...

Key point how to be successful, bigger gains then lost. How? I know that is frustrating to see this kind of market action. Intraday moves are whippy and we see divergence every day (between the QQQQ on the one side, the DIA and the SPY on the other side). Most of traders have difficult time...

Market commentary for 01/09/2007 Good day! Yesterday was another slow day that was whippy with little intraday action. If you look at the daily charts we didn’t get any significant change. Daily/ intraday support/resistance held and if you read yesterday's market commentary, ditto today...

Market commentary for 01/08/2007 Good day! After three weeks of holidays, we are entering a full trading week. I hope that will bring more truly action, because last weeks we saw whippy action without truly direction. Friday was another day with the divergence between QQQQ on the one...

Market commentary for 01/03/2007 Good day! I wish to take this opportunity to wish you all a happy, healthy and prosperous New Year. The market last week did pretty much what we expected. Slow and trend less. With AAPL's good news the QQQQ started strong. By the end of the day the...

Here is my gift to all, something what every trader must understand, something what every trader must REALY understands. One of my mentoring classes. I wish to take this opportunity to wish you all a happy, healthy and prosperous New Year Ivica Juracic Market action & Trading Plan...

Market commentary for 12/29/2006 Good day! Another low volume trading day with mostly range action that can be seen on the 60 min charts. The DIA touched slight higher high and came back to the 60 min range while the QQQQ just did nothing. I expect even less today. Perhaps some tax loss...