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Market commentary for 01/07/2008 Good day! 2008 has started badly for the US market. Our predictions came true and the indices had a strong move down on Friday. The bad Jobs data helped our technical analysis. The Indices opened with a strong gap down. I was looking for a bounce...

Trade example LINTA (Liberty Media Interactive) Trading plan: Entry price: 19.65 Stop price: 20.10 Target area: 18-open Exit price: swing trade: 18.07 % results: 8.04 Result: 1.58 Risk/reward: swing: 8.04...

Trade example LINTA (Liberty Media Interactive) Trading plan: Entry price: 19.65 Stop price: 20.10 Target area: 18-open Exit price: swing trade: 18.07 % results: 8.04 Result: 1.58 Risk/reward: swing: 8.04...

Market commentary for 01/04/2008 Good day! Thursday's market action went exactly as expected. After a large range bar we can expect to see consolidation and that is exactly what the market gave us on Thursday. I mentioned that the 10sma and 20sma on the 60 min charts will be important...

Chart of the week Date:12/10/2007 Symbol: FWLT Company Profile: Foster Wheeler, Ltd., through its subsidiaries, primarily provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant...

Chart of the week Date:12/10/2007 Symbol: FWLT Company Profile: Foster Wheeler, Ltd., through its subsidiaries, primarily provides engineering and construction services to the oil and gas, oil refining, chemical/petrochemical, pharmaceutical, environmental, power generation, and power plant...

Market commentary for 01/03/2008 Good day! The New Year started with strong selling pressure and Oil reaching new highs ($100 per barrel). We have a saying here in Croatia: The start of the New Year is what we can expect the rest of the year. I hope that isn't true because in that case we...

Watch ideas: 12/31/2007 Long: http://www.ivicacharts.com/diagrams/2007/12312007dci.jpg http://www.ivicacharts.com/diagrams/2007/12312007paas.jpg http://www.ivicacharts.com/diagrams/2007/12312007fdp.jpg Short: http://www.ivicacharts.com/diagrams/2007/12312007vcp.jpg...

Market commentary for 12/31/2007 Good day! Unfortunately the expectation for a slow Friday came true. The Indices moved between their 20sma 60 min (open gap) and their previous support areas. We can see that clearly on the 60 min charts. It is really hard to talk much about Friday’s...

Watch ideas: for 12/24/2007 Long: PTV next earning date: Jan 23, 2008 http://www.ivicacharts.com/diagrams/2007/12242007ptv.jpg GTI next earning date: Feb 28, 2008 http://www.ivicacharts.com/diagrams/2007/12242007gti.jpg Short: FCH next earning date: Feb 21, 2008...

Watch ideas: for 12/24/2007 Long: PTV next earning date: Jan 23, 2008 http://www.ivicacharts.com/diagrams/2007/12242007ptv.jpg GTI next earning date: Feb 28, 2008 http://www.ivicacharts.com/diagrams/2007/12242007gti.jpg Short: FCH next earning date: Feb 21, 2008...

Watch ideas: for 12/24/2007 Long: PTV next earning date: Jan 23, 2008 http://www.ivicacharts.com/diagrams/2007/12242007ptv.jpg GTI next earning date: Feb 28, 2008 http://www.ivicacharts.com/diagrams/2007/12242007gti.jpg Short: FCH next earning date: Feb 21, 2008...

Market commentary for 12/24/2007 Good day! RIMM's good earning report brought the market higher and we had a strong gap up on Friday. That was in line with expectations of seeing a daily move up, but as I mentioned yesterday, I expected that most of the move up would be the result of a...

Market commentary for 12/21/2007 Good day! As we expected we saw whippy intraday market action. I had mentioned that it would be important to see if the morning gap would hold and that would give us answers for a possible move up. But that was not case, and after the gap up in the morning...

Market commentary for 12/20/2007 Good day! A view of the daily charts tells us all about Wednesday's market action. On all three charts we can see a doji bar which means indecision. In other words both directions are possible for Thursday. The Indices opened flat and after the open the...

Market commentary for 12/18/2007 Good day! Monday gave us a trend day. The scenario that I drew on the 60 min charts did perfectly. The QQQQ was the weakest, while the DIA was the strongest and all hit their equal move support areas. With downtrend days, the indices usually close at lows...

Symbol: NYT TRADING PLAN Entry price: under: 16.50 Stop price: above: 17.00 Target area: 15 areas Chart explanation: On the daily chart NWL breaking triangle pattern. Blue line is 20sma resistance area and we can see that NWL trying to bounce and I will look for trend...

Symbol: NYT TRADING PLAN Entry price: under: 16.50 Stop price: above: 17.00 Target area: 15 areas Chart explanation: On the daily chart NWL breaking triangle pattern. Blue line is 20sma resistance area and we can see that NWL trying to bounce and I will look for trend...

Market commentary for 12/17/2007 Good day! Friday brought more weakness than I expected, but since we are in the middle of several support and resistance areas, any direction would not have been a big surprise. On the 60 min charts we can see that the 20sma resistance area was too strong...

LONG: Swing possibilities (ST-PT) AEE long above: 54.40, stop under: 53.32 (52.85), target: 57-open ST-PT Next earning date: Feb 14, 2008 http://www.ivicacharts.com/diagrams/2007/12142007aee.jpg