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Market commentary for 08/30/2006: Good day! Right at the open the indices started with weak action and an increase in selling pressure. However, Monday's lows held for QQQ, DIA and SPY during the intraday action, ultimately consolidating midday as all waited the FOMC minutes at 2pm...

Good day all! I like to explain one example what I had last week on watch list. That is Loews Corp. (LTR) LTR was on long list and had setup at 18th August 2006 above: 37.00 with stop under 36.70. I had 2 targets, first was at 38 areas and second at 40 areas. Under is daily LTR chart...

Good day all! I'd like to show another good risk/reward example that you have seen on the watch lists. This is the FINL trade that we had on 22nd August 2006. http://www.swingcharts.net/Ivica/2006/08222006finl.jpg On the daily chart you see consolidation around the $11 support area. FINL...

Market commentary for 08/29/2006: Good day! Yesterday we saw action that I didn't like. The indices tried to break out from the daily consolidations (bull flags) too early for the low risk setup. You can see on daily charts that the previous high's resistance area held which will bring...

From today watch list: BXP long above: 100.00, stop under: 99.50, target: 101 areas DT http://www.swingcharts.net/Ivica/2006/08282006bxp.jpg Earning date: July 26, 2006 Today action: http://www.swingcharts.net/Ivica/2006/08282006bxptarget.jpg BXP have more room for move up...

Market commentary: Good day! A strong run up in the indices last week formed the bull flag consolidation pattern and touched the 10sma daily support area. Since the upside move was stronger than usual I would like to see more daily consolidation before any possible move up. If the indices...

Good day all! I like to explain one example what I had last week on watch list. That is Loews Corp. (LTR) LTR was on long list and had setup at 18th August 2006 above: 37.00 with stop under 36.70. I had 2 targets, first was at 38 areas and second at 40 areas. Under is daily LTR chart...

Market commentary: Good day! Indices are starting with consolidation on daily charts. I will expect similar action next days. Tomorrow will be last watch list from me for this week. I will take few days off to visit my family and I will be back next week...

Few examples what we had from watch list his month: ACL Setup at 08/11/2006. Long above: 111.00, stop under: 109.80, target 115 areas, exit: 114.90, r/r: 2.92 Setup chart: http://www.swingcharts.net/Ivica/2006/08112006acl.jpg Exit chart...

Market commentary: Good day! Hope you all preserved the trading capital over the Friday trading hours, because we had high risk trading day. The market opened with weak action and strong intraday selling pace. Over the noon after consolidations at intraday lows indices back to daily highs...

Market commentary: Good day! Yesterday's action was in the line with expectations. After lunch the market started to correct. All the indices are now in the overbought area and they need rest (consolidation). I will expect a similar type action during the next several days. Trading during a...

Market commentary: Good day! After the two strong uptrend days I will expect today from market to slow down. I see the room for another morning move up, but after that market need the longer rest. That mean at least few days of the rest before we could see lower risk setup. On the charts...

Market commentary: Good day! Yesterday in the morning we had the same situation as at Monday morning. But finally that gap up yesterday didn’t see the strong selling after the mid day consolidation. The QQQQ on the daily chart broke above the 50ma and now have room for move up. That is...

Market commentary: Good day! I can just copy the market commentary from yesterday. On the daily chart we didn’t see any significant move, and intraday action stayed same. Yesterday market start with the strong gap up, but after the morning run market couldn’t hold that area and back all...

Market commentary: Good day! All stayed the same. Action was in the line with the expectations. On the daily QQQQ chart you can see scenario what I will expect. From that you can see that my expectations are more with the bear action and our open short trades (STLD, ADS, DD, BHI, LVS, UPS...

My scanning screen for post above. http://www.swingcharts.net/Ivica/2006/scanning%20screen.jpg Ivica

Apologies because of a grammar mistakes. Those who follow my work know that English isn’t my 1st language, but I’m learning. Hope that won't be a problem with following the CNI explanation. I like to show how I scan for the watch list ideas after market close and what I try to find...

Market commentary: Good day! I like too little talk about the risk. On the daily charts market didn’t change much. We still can see the range action between the support and the resistance areas. Every day the range is tighter and tighter. With that action trading will be more and more...

Market commentary: Good day! We had yesterday interesting day with intraday action. The market opened with the strong gap up above previous day high and that brought us to the bear trap possibility. CSCO strong gap in the morning helped NASDAQ with gap up. But unfortunately, after strong...

Hi, Like to explain HNR what we had yesterday on the watch list. Those of you who follow my watch list can see that I use the patterns to cut risk (triangle, base, flag) for me risk/reward is big part of profitability. And HNR is nice example. After the great small consolidation on 60 min...