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Watch ideas: 11/19/2007 Long: GENZ next earning date: Jan 22, 2008 http://www.ivicacharts.com/diagrams/2007/11192007genz.jpg SLT next earning date: - http://www.ivicacharts.com/diagrams/2007/11192007slt.jpg Short: PTV next earning date: Jan 23, 2008...

Watch ideas: 11/19/2007 Long: GENZ next earning date: Jan 22, 2008 http://www.ivicacharts.com/diagrams/2007/11192007genz.jpg SLT next earning date: - http://www.ivicacharts.com/diagrams/2007/11192007slt.jpg Short: PTV next earning date: Jan 23, 2008...

Market commentary for 11/19/2007 Good day! The consolidation after the strong sell off continued. We saw very whippy action on the intraday charts which is usual for option expiration day. If we look at the daily charts, however it is no big deal and basically was another range day. The...

Market commentary for 11/16/2007 Good day! The bounce from the 10sma daily resistance area continued. That is the short explanation of Thursday's action. We saw a selling continuation that started late on Wednesday. The Indices reached their support areas which we can clearly see on the 60...

Market commentary for 11/15/2007 Good day! Wednesday's action shows us how well the indices can act at resistance and support areas. I mentioned in the Tuesday commentary that the 10sma on the daily chart will be the first test for the SPY and the DIA. On the charts we can see that the...

Market commentary for 11/14/2007 Good day! What a relief for long traders. The day started with a strong gap up into Monday's range area before the late move down. The Indices held the gap very well after the open without a pullback which was the sign for short traders to cover their...

Watch ideas: 11/12/2007 Long: http://www.ivicacharts.com/diagrams/2007/11122007hmsy.jpg http://www.ivicacharts.com/diagrams/2007/11122007rrd.jpg Short: http://www.ivicacharts.com/diagrams/2007/11122007gna.jpg http://www.ivicacharts.com/diagrams/2007/11122007drh.jpg If anyone...

Market commentary for 11/12/2007 Good day! The markets finished a turbulent week with another huge move down. Despite Thursday's reversal at the close, Friday started with a strong gap down into Thursday's low. Most of Friday traded in a range of choppy action without strong intraday...

Market commentary for 11/08/2007 Good day! The QQQQ lost its' 20sma daily support area. That is the main news from my chart analysis. If we look at the past action, we can see that the 20sma area held on the QQQQ, and the QQQQ held the SPY and the DIA, but after Wednesday's selling...

Market commentary for 11/07/2007 Good day! Most of the day was quite choppy and stayed in a range so consequently there were not many low risk setups. The only way to be active in a range market is to look for the strongest and weakest names and use intraday setups for faster trade, or...

Market commentary for 11/06/2007 Good day! After Thursday's strong move down, the consolidation continues. Because of that Monday was a trading day without market support in any direction. The day started with a strong gap down into Friday's low, but for now that continues to serve as a...

Watch ideas:11/05/2007 Long: http://www.ivicacharts.com/diagrams/2007/11052007cg.jpg http://www.ivicacharts.com/diagrams/2007/11052007advs.jpg Short: http://www.ivicacharts.com/diagrams/2007/11052007lifc.jpg http://www.ivicacharts.com/diagrams/2007/11052007slgn.jpg If anyone...

Watch ideas:11/05/2007 Long: http://www.ivicacharts.com/diagrams/2007/11052007cg.jpg http://www.ivicacharts.com/diagrams/2007/11052007advs.jpg Short: http://www.ivicacharts.com/diagrams/2007/11052007lifc.jpg http://www.ivicacharts.com/diagrams/2007/11052007slgn.jpg If anyone...

Watch ideas:11/05/2007 Long: http://www.ivicacharts.com/diagrams/2007/11052007cg.jpg http://www.ivicacharts.com/diagrams/2007/11052007advs.jpg Short: http://www.ivicacharts.com/diagrams/2007/11052007lifc.jpg http://www.ivicacharts.com/diagrams/2007/11052007slgn.jpg If anyone...

Market commentary for 11/05/2007 Good day! Friday brought the expected action after the strong trend move down on Thursday. The day started with a gap up, but the market didn’t have the strength to hold the gap and started with selling pressure right after the open. The QQQQ was again...

Market commentary for 11/02/2007 Good day! If you read my Thursday commentary you know why we didn’t want to stay in our overnight positions, despite the strong close after the FED rate cut. I have noticed lately that the true market direction will come the day after the FED...

Market commentary for 11/01/2007 Good day! After the FED’s rate cut the indices broke higher. The QQQQ made a new high while the SPY and the DIA broke above their 20sma daily resistance areas. The action before the FED was expectable, especially after the gap up in the morning. Lots of...

Market commentary for 10/31/2007 Good day! Another choppy pre FED trading day. The SPY and the DIA's opening gap suggested the possibility in the morning of action on the short side, because both opened under Monday's low which could bring sellers as result of a mini bull trap. But that...

Market commentary for 10/30/2007 Good day! The indices move up on declining volume continued. The day started with a small gap up and the indices held that area all day. On the 60 min charts we can see the type of range action we had yesterday. That kind of action increased trading risk...

Watch ideas: 10/29/2007 Long: http://www.ivicacharts.com/diagrams/2007/10292007prgo.jpg Short: http://www.ivicacharts.com/diagrams/2007/10292007vrgy.jpg http://www.ivicacharts.com/diagrams/2007/10292007icoc.jpg If you have any questions about trading plan (entry, stop, target)...