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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 Good luck

Market commentary for 12/14/2007 Good day! Prior to Thursday's open we had a hot PPI number which was considerably above consensus which makes it harder for the FED to move, we had a good retail number which means the economy isn't imminently falling into recession. We also had decent...

Market commentary for 12/13/2007 Good day! We certainly had erratic market action on Wednesday!!! I must say, I can’t remember action quite this crazy. The day started with a strong gap up in spite of the sell off from the disappointing FED rate cut. With the gap up the indices covered...

Market commentary for 12/12/2007 Good day! It sure looks like investors expected more than a 0.25 percent rate cut and the disappointment was enough to bring the markets down. The DIA lost 3 points and traded back to its' 10sma daily support area. On the daily charts we can see that the...

Market commentary for 12/11/2007 Good day! Not much can be said about Monday. We had another very choppy trading day with divergences in the morning and range action for the rest of the day. Even scalp traders had a hard time. This market action is very good for overtrading and losing...

Market commentary for 12/06/2007 Good day! Symbol Last Net Net% Symbol Last Net Net% INDU 13444.96 +196.23 1.48 DIA 134.45 +2.02 1.53 S&P 500 1485.01 +22.22 1.52 SPY 148.81 +2.45 1.67 COMPX 2666.36 +46.53 1.78 QQQQ 51.57 +0.90 1.78 The ADP job report reported a...

Market commentary for 12/03/2007 Good day! I think that Friday's action was very interesting. We know that the market opened much higher based on Bernanke's mention of another possible interest rate cut. It look likes, however, that was not enough for continuation after the strong open...

Market commentary for 11/29/2007 Good day! The indices had a strong move up after a Federal Reserve official hinted that the central bank may lower interest rates. That was enough to signal a strong bounce in the morning above the 10sma daily resistance area. That scared the short traders...

Market commentary for 11/28/2007 Good day! It was a very dangerous market for trading. One day everything suggests a down market and the next day everything looks more like a bounce possibility. A short explanation for Tuesday's market action is up-down-up-down. I can feel the fight...

Market commentary for 11/27/2007 Good day! Well, so much for an after holiday bounce. Again the 10sma on the daily chart shows the strong resistance in the trend move. The market is in a downtrend on the daily charts. The day started with a small gap up and as usual small gaps have a...

Watch ideas: 11/26/2007 Long: LEG next earning date: Jan 24, 2008 http://www.ivicacharts.com/diagrams/2007/11262007leg.jpg Short: GNA next earning date: Feb 07, 2008 http://www.ivicacharts.com/diagrams/2007/11262007gna.jpg Ivica Juracic ivica@ivicacharts.com

Watch ideas: 11/26/2007 Long: LEG next earning date: Jan 24, 2008 http://www.ivicacharts.com/diagrams/2007/11262007leg.jpg Short: GNA next earning date: Feb 07, 2008 http://www.ivicacharts.com/diagrams/2007/11262007gna.jpg Ivica Juracic

Market commentary for 11/26/2007 Good day! Since we didn’t have a pre Thanksgiving Day rally, we saw that rally during the short session on Friday. The Indices opened with a gap up (middle of Wednesday's range) and the open of the trading session held in a range action without direction...

I use TradeStation and I made Quote tables with all sectors, so every day after close I go over all sectors. I sort them by volume and all under average 200k per day is not interested, also every stock under $5 not interested for me. For fast scanning I sort all over %change and on that way I...

Watch ideas: 11/23/2007 Long: BG next earning date: Feb 07, 2008 http://www.ivicacharts.com/diagrams/2007/11232007bg.jpg BYI next earning date: - http://www.ivicacharts.com/diagrams/2007/11232007byi.jpg Short: GILD next earning date: Jan 31, 2008...

Market commentary for 11/23/2007 Good day! The market didn’t want to send relief to long traders. In the past we have seen a pre Thanksgiving Day rally, but Wednesday didn't continue that tradition. We didn’t see a strong intraday move, but from the gap down at the open, the indices...

Watch ideas: 11/21/2007 Long: BRS next earning date: Feb 05, 2008 http://www.ivicacharts.com/diagrams/2007/11212007brs.jpg Short: CPB next earning date: Feb 18, 2008 http://www.ivicacharts.com/diagrams/2007/11212007brs.jpg CBEY next earning date: Feb 28, 2008...

Watch ideas: 11/21/2007 Long: BRS next earning date: Feb 05, 2008 http://www.ivicacharts.com/diagrams/2007/11212007brs.jpg Short: CPB next earning date: Feb 18, 2008 http://www.ivicacharts.com/diagrams/2007/11212007brs.jpg CBEY next earning date: Feb 28, 2008...

Market commentary for 11/21/2007 Good day! After all the intraday mess, the indices finished the day positively. Looking at the daily charts, especially the QQQQ daily chart shows us that the indices had whippy, intraday action. The QQQQ formed a wild doji daily bar with stronger volume...

Market commentary for 11/20/2007 Good day! So much for a holiday week filled with thanksgiving market action. Monday was one very choppy trend day with divergences all day. The DIA was the weakest and took every opportunity to move lower, while the QQQQ was the strongest and stayed in its'...