Buy at Support - Sell at Resistance

Analysis In Preparation for Monday, July 16th

Analysis for individual stocks is updated nightly in preparation for the next day's trade.

The following analysis applies to Monday's trade:
Analysis
 
Extreme Overbought / Oversold Conditions...

Analysis for individual stocks is updated nightly in preparation for the next day's trade.

The following analysis applies to Wednesday's trade (07/18/07) and includes quick identification of stocks that are either extremely overbought (implying an impending pull back) or extremely oversold (implying an impending bounce):


Analysis
 
Colors

QQQQ ANALYSIS

The price of the QQQQ closed at 50.32 on Thursday, July 19th, up 0.15 from Wednesday and up 0.76 from last Thursday's price of 49.56. Since the price of the QQQQ rose from last Thursday and was confirmed by today's action, it remained bullish as compared to last Thursday's bullish status.

The short-term trend of the QQQQ, which is determined by its week-to-week direction, is up: QQQQ Chart

The best trading strategy in an up trend is to buy when prices pull back to areas of Support, especially if prices pull back to areas of Gathering Support.

Gathering Support stands between 49.90 and 50.08

Gathering Resistance stands at 50.78 (on the nose)

(A close below 49.90 on Friday reverses the short-term trend from up to down.)

Solidly Overbought: 4 of 7 overbought indicators have triggered suggesting a solidly overbought condition in the short-term.
 
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Analysis In Preparation for Thursday, July 26th...

Analysis for individual stocks, indexes and funds is updated nightly in preparation for the next day's trade.

The following analysis applies to Thursday's trade (July 26th) and includes quick identification of stocks that are either extremely overbought (implying an impending pull back) or extremely oversold (implying an impending bounce):

Analysis
 
Analysis In Preparation for Friday, July 27th

Analysis for individual stocks, indexes and funds is updated nightly in preparation for the next day's trade.

The following analysis applies to Friday's trade (July 27th) and includes quick identification of stocks that are either extremely overbought (implying an impending pull back) or extremely oversold (implying an impending bounce):

Analysis
 
Analysis In Preparation for Monday, August 6th...

Analysis for individual stocks, indexes and funds is updated nightly in preparation for the next day's trade.

The following analysis applies to Monday's trade (August 6th) and includes quick identification of stocks that are either extremely overbought (implying an impending pull back) or extremely oversold (implying an impending bounce):

Analysis
 
Analysis In Preparation for Wednesday's Trade...

Analysis for individual stocks, indexes and funds is updated nightly in preparation for the next day's trade.

The following analysis applies to Wednesday's trade (August 8th) and includes quick identification of stocks that are either extremely overbought (implying an impending pull back) or extremely oversold (implying an impending bounce):

Analysis
 
The following applied to Thursday's trade (10/11/07)...

For written analysis and charts, click on the following links:

1)
Market Analysis (SPY, DIA, QQQQ, SMH, IWM)

2)
Overbought Conditions
Stocks in the "Extreme Overbought" category provide the lowest-risk short sales.

3) Oversold Conditions
Stocks in the "Extreme Oversold" category provide the lowest-risk purchases.

4) Analysis of all Stocks, ETFs, Indexes, Funds and Currencies
(Analysis may also be viewed by clicking on the stock symbols within the spreadsheet.)
 
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