Trade of the week

Symbol: CSC

All month results are at: www.ivicatradingcharts.com

Company Profile: Computer Sciences Corporation provides information technology (IT) and business process outsourcing, and IT and professional services to the commercial and government markets.

Sector: Technology

Industry: Information Technology Services

Entry date: 05/26/2009
Exit date: 05/26/2009

TRADING PLAN
Entry price: 40.10
Stop price: 39.75
Target area: 42.50 area

RESULT

Exit price: 42.20
Result (%): 5.24
Result ($): 2.10
Risk/reward: 6.00

Entry chart

Exit chart

if you don’t understand trade or need more explanation feel free to contact me and I will give additional explanation.

Ivica Juracic

http://www.ivicatradingcharts.com/

Stock Corner - 06/01/2009

Stock Corner - 06/01/2009

full watch list is at www.ivicatradingcharts.com

Watch ideas:

Long:

Short:

If you have any questions, please feel free to contact me.
Good luck trading today!!!!

Ivica Juracic
http://www.ivicatradingcharts.com/

Market commentary for 06/01/2009

Market commentary for 06/01/2009

Good day,

May is over and it was a positive month for all the indices. It appears investors are looking at the glass as being half full vs. half empty with the economy. Gold, silver, oil and the rest of the commodities moved more in May than they have in decades. It also appears GM going into bankruptcy is no big deal. Perhaps we can make some sense to this. Let us look at the bigger time frame charts. I will start with Friday action. It was a very choppy day and also a worthless trading day. It was good for overtrading and scalp trading. But since I’m not fan of that, most of the day I was just watched.

It might be good the indices closed strong but if you followed the market action all day you will see that run into the close was only good only for a scalp trade and I still think that was worthless for low risk setups.

To have better view lets go on to the bigger time frames. The daily charts we can see the DIA closed at the daily highs. The SPY finally reached (at the end) the 200sma resistance area while the QQQQ closed at a new daily high. That looks promising for a long continuation but since it was run into close I won’t bet on that.

The weekly charts are declining volume. It does not mean buying will stop. We can see continuation with less volume but we must know the risk will increase and we must count that in our trading plan for new trades. The SPY and the DIA have room for another push in to the next resistance area. It is not far away. The QQQQ closed at 50sma resistance area but the pace is ok which suggests more buying pressure.

Let's look at the monthly charts. The DIA has room to reach the 10sma resistance area, same for the SPY (small room) and the QQQQ formed continuation bar. The volume decline is evident and we see that better on the weekly charts, but the monthly charts are telling us those indices still have room for more of an upside move. Not much but those are monthly charts and in next month we can see a move up and the correction which can result in reaching the resistance area and a pull back.

What is the conclusion? We can’t be sure of future action. The charts are helping us predict possible action, but we can be sure of the risk which is very important for us. With declining volume risk for the long side will increase. Of course it will be high for short side also since we don’t have a reversal pattern or a signal for it. Monday will be very important because it will tell us how strong and real the buying was into Friday's close. It could be a start for another strong week (weekly charts show us that indices have room for that) or was it a just game to bring more buyers in and then the correction can start. For now the charts suggest we can see more buying pressure. I will be very cautious and I want to first see Monday's open and morning action for confirmation. Over the weekend I will use end of the month for scanning over month charts too, for possible swing trades but I will pay attention to stronger and weaker charts for both directions. I still think that weekly correction can start anytime, but I won’t fight it right now. I will wait for the signal. Let’s go with market and be ready for changes.

Wish you all good trading!!!

Kind regards.
www.ivicatradingcharts.com
Ivica

Attention!!!!!!!

Attention!!!!!!!

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- Live trading room - all live updates, chart explanation, market explanations, everything what you need to be successful trader.
- Market commentary
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- Chart of the week
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This is extraordinary offer and it will disappear 05/31/2009. I invite you to use this opportunity because next month subscription will raise and only what you can risk is $2.33 per day for one month. I was research all over, and I was compare with other similar services and talk with their members and I’m 10000% sure that you won’t ever seen this offer on internet for all these products in $2.33 per day. At Monday it will disappear.

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Position trade - SEPR

Position trade

Date: 05/29/2009

Symbol: SEPR

Company Profile: Sepracor Inc., a research-based pharmaceutical company, engages in the discovery, development, and commercialization of pharmaceutical products.

Sector: Healthcare

Industry: Drug Manufacturers - Other

Trading Strategy:

SEPR forming monthly reversal pattern )phoenix) and that is main interest on this chart. We can see that every try that SEPR break 10sma resistance area (brown line) failed and move SEPR to new low. This time is different. After SEPR reached low (note that was also CCI divergence setup), bounced and this time SEPR consolidate under 10sma what suggest for breakup up. Every consolidation under resistance area increase odds for break above it. That is what I will watch for SEPR. Next resistance is 20sma as first resistance area, but I will watch for new trend and that will depends on pace and volume.

If anyone will have any question feels free top contact me.

Wish you good trading!!!!

Ivica Juracic,http://www.ivicatradingcharts.com/

ETF Corner - 05/28/2009

ETF Corner - 05/28/2009
­
Good day,

If you have any questions, please contact me.
Good luck trading today!!!!
danded2005@inet.hr

Ivica Juracic

FOREX Corner - 05/28/2009

FOREX Corner - 05/28/2009

Time: 07:00 ET
Time: 13:00 GMT
­­http://www.ivicatradingcharts.com/

Good day all,



If you have any questions, please contact me.
Good luck trading today!!!!
Danded2005@inet.hr
Ivica

Stock Corner - 05/28/2009

Stock Corner - 05/28/2009

TRADING THE OPEN
During normal market conditions our regular setups generally do very well regardless what time they are taken. Trading right at the open always adds risk. During this low volume choppy market of the summer this risk is more pronounced. It is recommended that new trades not be taken for the first 10 minutes the market is open. I will treat each new trade that sets up during this time as a gap trade and wait till the stock comes back and takes out its 10 minute high or low.
Trading is risky. It is our job as traders to reduce this risk and increase our chances of success.

IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail. I personally mostly take swing trades. Please remember to keep that in mind!!!!!!!!!!!!!!!


LONG:


Day trade possibilities (DT-ST)

Watch ideas:

Long:

Short:

If you have any questions, please feel free to contact me.
Good luck trading today!!!!

Ivica Juracic
danded2005@inet.hr

FOREX Corner - 05/27/2009

update:

EURGBP
long above: 0.8715
stop under: 0.8695

FOREX Corner - 05/27/2009

FOREX Corner - 05/27/2009

Time: 04:35 ET
Time: 10:35 GMT
­­http://www.ivicatradingcharts.com/

Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
Danded2005@inet.hr
Ivica

FOREX Corner - 05/26/2009

FOREX Corner - 05/26/2009

Time: 17:35 ET
Time: 23:35 GMT
­­http://www.ivicatradingcharts.com/

Good day all,



If you have any questions, please contact me.
Good luck trading today!!!!
Danded2005@inet.hr
Ivica

Stock corner for 05/26/2009

Dear trader

It is not too late to take advantage and subscribe to my service for the special monthly rate of $69.00. If you subscribe to this introductory rate prior to June 1st you will be guaranteed this rate as long as your membership remains in force. Just click on the Subscribers tab on my site and follow the steps. Also you can register for FREE service and see new trading idea, examples every week.

This rate will increase in June to new members. Similar services available are now charging $200-$400 per month.
It is enough just one trade and you will back that amount and here is proving. One trade likes one of this and we had number similar trades last weeks….

RGLD

PII

HPQ

IBN

I’m sure that $69 per month is very popular price and I invite you again to not miss this opportunity. Only this week and it will be history. New price will come out and that price will be very popular too, but why not to save more money. You all know that is not all, on site you will see number of categories from live trading, swing, position, etf, forex, education mentoring and more.

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Kind regards
Ivica

FOREX Corner - 05/25/2009

FOREX Corner - 05/25/2009

Time: 15:00 ET
Time: 21:00 GMT
­­http://www.ivicatradingcharts.com/

Good day all,



If you have any questions, please contact me.
Good luck trading today!!!!
Danded2005@inet.hr
Ivica

ETF Corner - 05/26/2009

ETF Corner - 05/26/2009
­
Good day,

If you have any questions, please contact me.
Good luck trading today!!!!
danded2005@inet.hr
Ivica Juracic

Market commentary for 05/26/2009

Market commentary for 05/26/2009

Good day,

Friday was in line with expectation. Volume was very light and we saw choppy market action. Usually I will say that is worthless market action, and since it was Friday before long weekend it was great chance to close day earlier. Now let’s see what charts suggest. First I will start with 60 min charts. Friday action was needed for low risk continuation possibility. The DIA and the SPY still have 200sma as strong support and it won’t be bad if they will stay in range at Tuesday. That will decline trading risk. I draw equal move (blue lines) and you will see on daily and weekly chart that indices have room for that scenario. In breakdown case we will must pay attention on pace and that will tell us what target we can expect and we can follow that in the live trading room.

On the daily charts indices made lower high after strong start. The SPY and the DIA closed week under daily 20sma after long time what suggest that daily/weekly resistance will hold for some time. I know that everyone expect weekly correction (including myself) but daily charts suggest for now that wont be easy. Reason for that is first bounce from 20sma and back to lower low. Pace of that bounce was very strong, much stronger then we want see for reversal pattern (avalanche) and that action increase odds for daily range or rounding top action. Whatever will be, for now daily charts suggest that we won’t see clear trend down right at start. Of course that can change in day or two, but right now charts suggest that. Strong down, strong up, strong down result usually with range. It can be base, but also can be channel down, we will see. Next week will give us answer because if 60 min scenario will go with strong pace then daily range scenario will decrease.

On the weekly charts we can see that buying pressure lost steam but first support area (10sma) is close and that support commentary about daily charts. After 10sma there is price and finally 20sma support area. We can’t know which support will hold because daily action not helping us. I will little back on bounce pace at daily charts. In case that was weak (avalanche) then I will look for stronger reversal on weekly charts, but right at start, with close support and odds for daily range, I will expect that risk will be high for swing trades. For longer correction we must follow weekly charts and 20sma as main support area. Hope that I explained successfully what I see and what expect from next week. First I want see if can indices made new low on daily charts. That will give us answer about range or new trend down (lower high-lower low) and answer on that we will see first on 60 min charts.
I invite you all to join us for very popular price and it is open only next week. After that price will be increase. Wish you all good trading next week.





Wish you all good trading!!!

Kind regards.
Danded2005@inet.hr
Ivica