|
In our last
report, we mentioned that Monday and Tuesday's trading action could be of
"strategic importance" because a break above the resistance of $43 or
below the support of the ascending trendline would determine the QQQQ's
short-term direction. As you can see from the chart below, Monday's close
above $43 set the pace for a week of impressive gains. We expect the upward
momentum to continue over the short term until the QQQQ moves below the newly
formed support of $43.
|
Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor
Previous Chart Alerts:
QQQQ
WMB
AMZN
QQQQ
PCAR
QQQQ
WMT
QQQQ
CBSS
YHOO
QQQQ
NEM
QQQQ
HUI
DELL
QQQQ
PD
GOOG
QQQQ
oil
QQQQ
MOGN
CIEN
QQQQ
BA
QQQQ
AGE
RMD
DE
If you are contemplating full-time day trading or if you are interested in the potential of making profits in excess of 2% of your capital on a daily basis, then the
Shogun Trading Chat room, part of Day Trading Services, is an absolute must.
If you want your money to work for you but do not have the time or the general knowledge to trade the market, then the Shogun Trading Swing Trading Services is a right strategy for you.
|
[ 
Dan Zanger Offers 3 week FREE trial!
