| Technical Analysis $CRX $UTIL SP500 NASDAQ Biotechs |
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| Thursday, June 1, 2006 |
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Stock Trading
If you trade stocks online, invest in stocks, trade the stock market, looking for advise on how to trade stocks effectively and looking for the tools to effectively trade the stock market. Including the right tools to research for investing, or day trading or swing trading. Including but not limited to penny stocks and high beta momentum then this tutorial is for you. Technical Analysis Update
Dow Jones Utilities Average ($UTIL) An index used as a surrogate for bond prices. The DJUA is often a leading indicator of broad market trends since these stocks are interest-rate sensitive. Utility companies typically have large amounts of debt on which they pay interest and hold cash for capital improvements, so they are affected by interest rate changes sooner than other industries.
Charles H. Dow (Nov. 6, 1851 - Dec. 4, 1902) developed his famous market philosophy while living a colorful life as a newspaper reporter, financial writer, broker, analyst, and editor.
Dow's philosophy of investing has been described as “fundamental, axiomatic, sensible, and self-evident." He often said,
“that nobody in the world knew everything-but, that the price movement of the averages did because they represent the aggregate knowledge of all investors."
He was the first to observe that:
“the price trend is not saying what the condition of business is today, but what it will be months from now."
$UTIL
$CRX
NASDAQ 100 FUTURES
SP500 FUTURES
Today is June 1st 2006 (Voice Update To Follow Later This Morning And I Will Expand On This Short Term Outlook)
Overall--June Rally with some whipsaw the first few days
**These Stocks and targets are only a preliminary outlook gauged by the patterns, structure and weekly/monthly trends all subject to be raised or slightly modified over the next few days to week or so. If the stock isn't ALREADY in the portfolio table this isn't a "BUY TODAY ALERT" but just what I see as a higher probability scenario over the next month and into early summer. More updates to follow covering a broader area of sectors and markets. (Including Metals, Banks, Utilities, Transportation, Small, Mid And Large Caps Etc:)
GILD (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON) (Closed $57.33)
$65.00 Preliminary target within the next 30 "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=GILD
GENZ (BULLISH TREND REVERSAL) (Closed $59.50)
$65.00 Preliminary target within the next 30 days "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=GENZ
CEPH (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON) (Portfolio Stock Already)
$70.00 Preliminary target within the next 30 days "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=CEPH
OSIP (BULLISH TREND REVERSAL) (Portfolio Stock Already)
$32.00-$3400 Preliminary target within the next 30 days "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=OSIP
SEPR (BULLISH TREND REVERSAL) (Closed $51.77)
$57.50 Preliminary target within the next 30 days "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=SEPR
CELG (BEARISH TREND REVERSAL STILL BUT THAT SHOULD CHANGE SOON) (Closed $41.45)
$48.00 Preliminary target within the next 30 days "trading days"
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=CELG
BBH best way to play the sector but will likely offer the least % upside gains, but also less risky
Most oversold sectors ETF's looking for a bounce
Homebuilders
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=XHB
NET'S
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=HHH
CHIPS
http://www.trending123.com/stocktable/stocks.pl?action=stockdetail&symbol=SMH
Most Hyped Up News Flow this month (This is best guess on the news flow hype)
1. Bird Flu creeping in “maybe”
2. Hurricanes a coming
3. $USD gets boost and the credit or blame will be the Fed but the forex traders will be most slapped around (except hopefully not the ones on this site…hehe)
4. Commodities what happened? But the stocks aren’t as bad as we thought
5. Conspiracy in a major commodity sector related rumors of scandel
SP500 (Futures) Forecast Chart For The Next 60-90 Days Subject To Hit Target Early
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