Dow down 31 Points, Cubes Speculator Bulletin up 50%

[Capital Essence NewsDesk] We've opined in our previous Market Outlook that "Monday trading action suggested a negative bias into Tuesday trading session", equity market closed slightly lower Tuesday with the Dow lost 31 points to 13089.

 

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

"Cubes Speculator Bulletin" - August 21, 2007 @ 12pm

· We've sold another leg (50%) of the QQQIS (September 45 Call) position as the "Cubes" test the $47 area - our second target zone - for a 50% profit.

· Prices are testing the overhead resistant. Market breadth remains positive and seems to be supporting a positive closing.

· "Cubes" appears to be consolidating before a leg higher.

As a matter of fact, the QQQQ closed up 51 cents or 1.14% for the day. We still hold on to the last leg of the QQQIS (September 45 Call) position, which is carried an amazing unrealized gains of more than 50%.

 

"Swing-Trader Bulletin" Portfolio Update @ 12:30 PM

· Perry Ellis (PERY) jumped more than 12% this morning and had achieved the first target, $32, in as little as 1 session. This is incredible. According to "the rules", we've sold 75% of our holding into this area for an amazing profit of +13.24%.

· The newly set up Vasco Data Security (VDSI) also triggered and moved higher, up more than 2% on heavy volume.

The "Swing-Trader Bulletin" Portfolio rose +7.51% month-to-dates.

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“Swing-Trader Bulletin”: PERY +13%

As expected, the recent set up Perry Ellis (PERY) jumped more than 12% this morning and had achieved the first target, $32, in as little as 1 session. This is incredible. According to "the rules", we've sold 75% of our holding into this area for an amazing profit of +13.24%.

The newly set up Vasco Data Security (VDSI) also triggered and moved higher, up more than 2% on heavy volume.

Trade well and we'll see you into the closing bell.

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Want more investing ideas? Check out Capital Essence Newsletter Services - "best-of-web" technical analysis.

技術前瞻：週二大盤偏負面

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這是Capital Essence對2007年8月21日 (週二) 的市場技術分析。

如前所料，由於金融股後續動能不足，週一股市幾乎收於平盤，銀行股指數(BKX)當日下跌1.44%。

昨天大漲的一隻股票是Perry Ellis (PERY)。這家服裝製造商的股票週一漲幅超過了6%，之前我們在"Swing Trader Bulletin"對該股做了積極評價。預計該股今天盤後將發佈創紀錄的第二季度財報。

來看主要股指：

上面是標普500指數的短期日線圖。該指數已經反彈至200日均線的阻力位(該線曾為該指數先前的支撐位)。當前我們無法知道此次突破能否成功，但如果突破失敗，該指數重新考驗上週低點——約為1370點的可能性將增大。要確認這一點，今日該指數收盤需低於1430點 。

上面是道指的短期日線圖。不出所料，該指數正在對近期突破點(看跌的頭肩型態的頸線)附近的阻力位進行考驗。技術面而言，該阻力位如果防守成功則預示著大盤將再次考驗並有望下破近期低點——約12500點。今日大盤收於12980點之下將確認這一點。

總結：週一的盤面表明週二的交易狀況將偏於負面。

Negative Bias

Editor's Note: this is the free edition of the Market Outlook. To receive the daily edition everyday before market open, please subscribe. It's now available at a monthly rate.

Good Morning. This is Capital Essence's "Market Outlook" (the technical analysis of financial markets) for Tuesday August 21, 2007.

As expected, equity market finished around the flat-line Monday amid a lack of follow-through momentum in the financial stocks, the Bank Index (BKX) down 1.44% for the day.

One stock that jumped up on the day was Perry Ellis (PERY). Shares of the apparel maker soared more than 6% Monday followed our "Swing Trader Bulletin" positive comment. The stock is expected to deliver a record second quarter earning report after the market close today.

Let's take a look at the major index charts:

(Click on image to enlarge)

The Standard & Poors 500 Index (daily) chart above addresses a short-term frame. The index had bounced into the area of previous-support-now resistant, 200-day moving average. At this point, it's unknown whether this level holds or not. Although, a failure to take out this level will increase the probability for a retest of last week's low, around 1370. A close below 1430 will confirm this.

(Click on image to enlarge)

The Dow Jones Industrials Average (daily) chart above addresses a short-term frame. As expected, the blue chips index is conducting a test of resistant at the area of recent breakdown point, the bearish head-shoulder pattern's neckline. Technically speaking, a failure to take out this level suggests that recent low, around 12500, will be retested and exceeded. A close below 12980 will confirm this.

Bottom line: Monday trading action suggested a negative bias into Tuesday trading session.

Dow Green, S&P Red, “Swing-Trader Bulletin” Soared

[Capital Essence NewsDesk] We've opined in our previous Market Outlook that "unless the financial stocks move above key resistant, we believe that higher prices will be greeted by sellers", equity market closed around the flat-line Monday as a new wave of credit concerns sent the financials sharply lower, BKX down 1.71% for the day.

Although, our "Swing-Trader Bulletin" is doing pretty as the newly set-up Perry Ellis (PERY) jumped more than 6% to $29.97 amid a renewal of buying interest.

The "Cubes Speculator Bulletin" is also doing extremely well with QQQIS (September 45 Call) position holds an amazing unrealized gains of more than 50%.

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Want more investing ideas? Check out Capital Essence Newsletter Services - "best-of-web" technical analysis.