Stocks Flat, Swing Trader Bulletin Up

Friday, September 14, 2007

Stocks Flat, Swing Trader Bulletin Up

[Capital Essence NewsDesk] as we've opined in the previous Market Outlook "the Dow third attempt to cross over the 50-day moving average is likely to be greeted by sellers" - stocks sold-off sharply Friday morning as the majority of the major indices surrendered nearly the entirety of yesterday's gains in the opening minutes (Dow -100, NAZ -20, S&P -9) before recovered and close around the flat-line.

As predicted, energy (XOI) closed slightly lower for the day after the rally from Augusts' low ran into resistant around the 61.8% Fib retracement.

Editor's Note: below are just some trading ideas flow from our latest Headlines.

"Cubes Speculator Bulletin"

September 13, 2007 @ 10:30 PM

Price follow-through to the upside today so yesterday's buy signal must be a beginning of the third buying wave – starting from August 16's low.

September 14, 2007 @ 1:00 PM

As expected, the "cubes" moved lower this morning and hit the first target @ $48.75.

We suspect the tape might drag sideway into the close.

Just so that you know, NASDAQ-100 ETF (QQQQ) after spending the entire Friday afternoon bouncing back and forth around the $49 level, and settled around the unchanged mark. You see, no matter how "bad" and/or how "tough" the tape is, we still can squeeze a couple of pennies out of it, here and there, if we wanted to.

Despite the overall volatility, the "Swing trader Bulletin" continues to do incredibly well. As a matter of fact, the newly setup Omniture Inc (OMTR) jumped about 5% today. The position shows an amazing unrealized gain of almost 10% after only 2 days of holding.