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Market commentary for 12/27/2006 Good day! Yesterday as expected was a low volume day, which is also expected for the rest of the week. With a flat open we got one chance for an intraday move and that was at the open. The rest of the day was very slow. We also had a small intraday move...

Happy Holidays First, I wish you peaceful, happy and blessing Christmas. Hope you will have nice time with your family and in case that anyone don’t celebrate Christmas, I wish you happy and peaceful Monday. Ivica Juracic

Market commentary for 12/22/2006 Good day! We saw another whippy day. However today we saw a nice intraday move down which helped our open trades. On the daily chart and on the intraday charts you can see that previous intraday and daily support held again on that move down. For the QQQQ...

Be with us this Tuesday in the trading room. New class will be about trading plan and market action. This is last class what we had and if you like this class don’t miss next. Whole picture Another part of the big picture is what we call trading success. I have said before knowing just...

Market commentary for 12/15/2006 Good day! We finally saw some action yesterday morning. The QQQQ had a gap up while other Indices had a flat open. On the daily chart we can see that Indices broke the daily patterns (triangles) and made a nice strong run up in the morning. That was nice...

Watch list for 12/14/2006 LONG: Day trade possibilities (DT-ST) SNA long above: 48.14, stop under: 48.00, target: 48.50 (49) areas http://www.swingcharts.net/Ivica/2006/12142006sna.jpg Last/next earning date: Oct 23, 2006 SHORT: Swing possibilities (ST-PT) OCR short under...

Market commentary for 12/13/2006 http://www.tradingskills4profit.com Good day! Chop! Chop! Chop! All the FED did was add a bit of alacrity to the chop and still no direction. Just look at the 60min charts of the indices and that becomes quite evident. The QQQQ 60min 200ma is still...

Market commentary for 12/12/2006 Good day! Yesterday the market continued with whippy intraday action. After the morning run up the rest of day was very slow and worthless for trading. The market continues to consolidate and everything else seems to be on hold till the FMOC decision at 2:15...

Market commentary for 12/08/2006 Good day! We finally saw some intraday action that was worth trading. I mentioned yesterday after a NR7 bar we have a high probability for some action. We didn’t get a classic book trend day but after strong selling in the morning and consolidation over...

Market commentary for 12/07/2006 Good day! When you look at the indices on the daily charts you can see yesterday was a NR7 bar (narrowest bar in the last 7 days). PRETTY BORING DAY for a day trader. We didn’t see much of a change on the daily chart, just for records the SPY made...

Market commentary for 12/05/2006 Good day! Monday gave us continuation from Friday bounce from low. That brought the SPY on the new daily, The DIA and the QQQQ back to daily high resistance what is to big resistance area for now. If you remember market commentary from last week that is...

Market commentary for 12/04/2006 Good day! Friday was another day of whippy action. The ISM coming in below expectation and it is at a point that suggests the soft landing of the economy is becoming more of a hard landing. Bargain hunting at the end of day saved the market from a bigger...

Class about moving averages from Tuesday 11/28/2006 Today I will talk about moving averages. As you can see I try to keep my charts very simply. I don’t have many indicators on them. I use the CCI (as overbought/oversold indicator) on the daily and weekly charts only, volume on all charts...

Market commentary for 11/30/2006 Good day! Trying to explain the action yesterday is impossible. I can say whippy at best. First the market reacted to better than expected GDP numbers, then the market reacted to the oil inventory draw down greater than expected, then the market reacted to...

BONT mini lesson When someone asks me about the any stock or the any chart I want see a whole picture before I will bring answer. For me that is view on the intraday charts and the bigger time frame charts. I got private message about BONT, and as usual I go over the whole screen and I really...

Market commentary for 11/29/2006 Good day! After a trend day it not uncommon to see a consolidation day. That is pretty much what we saw. Yesterday we saw gap down and some whippy action at open. The market usually holds support the first time it tries to break daily support/or resistance...

danded2005@inet.hr Ivica Juracic

Market commentary for 11/28/2006 Good day! We finally got our trend day, however it was to the downside. We gapped down to the 200ma which was intraday support. The SPY filled the gap and that was the last of what we saw to the long side. You can see on SPY 5 min chart how strong the...

Market commentary for 11/27/2006 Good day! Friday started at the intraday supportarea. For the QQQQ that was around the 5 min 200sma and for the SPY and the DIA around the 15 min 200sma. Since volume as expected was low and we are at a strong intraday support area it isn’t uncommon to...

Yes, that can happen sometime. In that case I will look for intraday setups, or I will go with the smaller lots. If stock will go from support right to the setup then very often we will see pullback much earlier the usual. Another way to trade that situation is buying (shorting) on pullback, but...