IntraDay QQQQ Analysis
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| The SJH_DMA is still gold above purple, showing buy side
opportunities. Stochastics is still above the 60 level, showing bull
market strength. Nothing about today's trading showed any sell
signals. The play for the day was to sit tight and hold onto the
long position.
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Dow Analysis
Today's move to new all-time highs was exciting and reminiscent of old times. Yeah, the market was actually moving. On the chart above you can see that the stochastics stayed above the trendline drawn from previous turns going back into September. That was a show of true strength. The SJH_DMA (Sunny's Dynamic Moving Average) stayed green, indicating buying opportunities. It has been green since 8/8/2006 at 11173, showing approximately 700 points profit. The SJH_DMA looked like it was going to turn over late in September and even crossed over its yellow moving average; but, it didn't turn, and continued to show its current strength. Nothing about the chart has yet shown weakness or sell characteristics. Nothing shows impending weakness, but it is wise to keep a sell stop under the market to protect profits. Previous highs at 11655 would be a good place to show support. If the Dow dips below that level, take profits.
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Stock Picks |
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| The stock symbols listed in the RadarScreen above show a recent crossover of the SJH_DMA indicator, suggesting that a buying opportunity has just occurred. Of course there are many more stocks in this screen, but you need TradeStation and Sunny's Dynamic Moving Average indicator to view the total list. | |
