Market Status as of June 5, 2009

The Dow Jones Index appears to be retracing back after a prolonged up move.
Have a look at the weekly chart. The market has been moving up since March 2009.
It is facing resistance at the 8500-9000 level.






It had also faced resistance at these levels between September 2008 to December 2008, when it just remain stuck in a range.
If it retraces downwards, it can find support at 50 percent retracement levels at 7700.

The stochastics are pointing downwards indicating bearish days in the coming weeks.


Let us look at the daily charts to study in detail.
In the daily charts, you notice a Head and Shoulder pattern, which is bearish. The neckline is around 8200.




The 50 percent retracement is 7700 and the 62 percent retracement is 7410.
Also, you see prior swing lows at these levels.

The stochastics are pointing downwards indicating bearish days in the coming week.

Let us see what happens.

Tighten you stops for longs and look at possible shorts.

Market Status as of June 29, 2009

The upward sloping Trend Channel has been broken to the downside and the market is resting on the 50 day moving average line support.

Overall trend is still bullish as the 20 day moving average is above the 50 day moving average.

Uptrending stocks with high power rankings as of June 28,2009

Here are some uptrending stocks with high Power Rankings.

Market Status as of June 21, 2009

The stock market is still in an uptrend, The Dow Jones industrial average is making higher high and higher lows.
The 20 day moving average is above the 50 day moving average.

Uptrending stocks with high power rankings as of June 21,2009

Here are some stocks with high power rankings and are trending upwards.

SPAR



EEFT



ISPH




RAX



RFMD




PWRD



NDN




INSM

Uptrending mutual funds as of June 1, 2009

Watch the guru lose money! (Bo Yoder)

http://www.boyoder.com

Once you have a market opinion, elegant entry and exit timing can greatly improve your return. Mathematically, you actually create more value in the trades where your choices reduce or avoid losses. In this breakdown, we see just such a failure scenario.

Learning to read a chart...(Bo Yoder)

When I talk about reading a chart, I mean for you to be looking in the market for groups of traders. You can guess where they are, or just let the chart TELL you where to look. Once you start looking at the charts like a never ending storyboard, the profit possibilities really open up.

Scalp Trade Resolution in General Electric-Part 2 (Bo Yoder)

http://www.tradingaintpretty.com
In my last video, we analyzed a multiple timeframe entry in GE. This quick update video will show how the scalp aspect of this trade was a success...Thus proving that my analysis for entry and market direction was correct. Now we have little to do but sit back, relax and wait for the trade to hit profit objectives...

Multiple Timeframe Analysis in General Electric (Bo Yoder)

http://www.tradingaintpretty.com
We look at a multiple timeframe trade in GE in this video. This hybrid entry technique will help traders and investors of all skill levels extract more money from their multi day positions. (And is valid in stock market investing, forex trading, or futures swing trading.)