IvicaCharts: March 2009

Tuesday, March 31, 2009

ETF Corner - 03/31/2009

ETF Corner - 03/31/2009

Good day all,

Dear trader, I invite you to visit me at: www.ivicatradingcharts.com under daily articles you can see every day trading ideas and commentaries. Also I like to invite you join us in the live trading room. It is absolutely free and I believe that results are good reason to be with us.

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

Stock Corner - Date: 03/31/2009

Stock Corner - 03/31/2009

Dear trader, I invite you to visit me at: http://www.ivicatradingcharts.com/ under daily articles you can see every day trading ideas and commentaries. Also I like to invite you join us in the live trading room. It is absolutely free and I believe that results are good reason to be with us.

LONG:

Day trade possibilities (DT-ST)

_____________________________________________________

SHORT:

Day trade possibilities (DT-ST)

_____________________________________________________

Watch ideas:

Long:

Short:

_______________________________________________________

DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade
_______________________________________________________

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

Ivica Juracic
mailto:ivica@ivicacharts.com

Market commentary for 03/31/2009

Market commentary for 03/31/2009

Good day,

Dear trader, I invite you to visit me at: http://www.ivicatradingcharts.com/ under daily articles you can see every day trading ideas and commentaries. Also I like to invite you join us in the live trading room. It is absolutely free and I believe that results are good reason to be with us.

The markets used concern over the banks and the auto industry to take profits. Hopefully this is just that and not the continuation of the big bad bear. The indices opened with a strong gap down and it was expected that strong of a gap would have a hard time to be filled. The indices continued the selling pressure and they reached the 03/23/2009 gap support area from last Monday which was mentioned in the trading room that will be a strong support area. Since Friday brought a NR7 bar we had fair odds for trend day. The support area is holding for now and rest of the day we saw a very choppy market without any low risk possibilities for new setups. Since the indices reached strong resistance last week (20sma weekly for SPY and DIA) we expected a correction from highs, but Monday's open didn’t give us much opportunity to get short because of the gap down and selling pressure right after the open. The only good opportunity was the short setup under 5 min low with a stop above high at setup point (gap rule) and those who missed that didn’t have much chances for the rest of the day. I still think we can expect more of a correction during the next few days but before that we have fair odds for more of a 60 min correction to 10/20sma. Because of that I will be focused for intraday setups as lower risk places for tomorrow trades and I will look for possible swing short setups if market starts selling again. Generally I will look for intraday setups on the long side. I will use them for day trades and if market is weak I will use them for possible swing short ideas.

Those of you that used to come into the trading room and stopped, I want to tell you I am back full time and welcome all of you to come again. There is nothing to lose since there is no charge for the service right now. I look forward to seeing you all there.

Wish you all good trading!!!

Kind regards.
Ivica
Danded2005@inet.hr

Sunday, March 29, 2009

ETF Corner - 03/30/2009

ETF Corner - 03/30/2009

Good day all,

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

Danded2005@inet.hr
Ivica

Market commentary for 03/30/2009

Market commentary for 03/30/2009

Good day,

My site is done. Not all finished but i invite you all to visit it and you will find my all work there.
Every suggestions are very welcome.
http://www.ivicatradingcharts.com/

The market continued to rally this past week, but after nice trap gap at Monday rest of the week was very tricky which we can see on the 60 min charts. Every try for a correction finished with a new high. Problem was every high was a slightly higher high which increased the trading risk. Friday the indices opened lowered and the gap wasn’t filled. Despite that we had a range day without an intraday trend. To better predict future market action we need to see bigger time frames charts.
On the daily charts we can see a very narrow bar on Friday, actually it is NR7 bar (narrowest bar in last seven days). That is always opportunity for a trend day. With that information I will mark 60 min high and low at Monday in case we will get it. We can see the indices have room for another small move up, but if they already have seen the high that wouldn't be a surprise. The weekly charts tell us why.
The SPY already reached the 20sma and the QQQQ reached its previous high while the DIA has a little room to reach the 20sma but reached previous support which is now the resistance area (red line). Right now it is hard to tell if we saw the high or if the indices have the strength for one more step up. The charts right now are telling us the indices are at a strong resistance area and every breakup without consolidation will be high risk for new setups. If we look back again on the weekly charts the situation is very simple. We have “V” bottom and let’s see if indices can hold this area. My focus will be with weakest and strongest names for continuation setups.

Those of you that used to come into the trading room and stopped, I want to tell you I am back full time and welcome all of you to come again. There is nothing to lose since there is no charge for the service right now. I look forward to seeing you all there.

Wish you all good trading!!!
Kind regards.

Danded2005@inet.hr
Ivica

Stock Corner - 03/30/2009

Stock Corner - 03/30/2009

My site is done. Not all finished but i invite you all to visit it and you will find my all work there.

Every suggestions are very welcome.

http://www.ivicatradingcharts.com/

LONG:

Day trade possibilities (DT-ST)

_____________________________________________________

SHORT:

Day trade possibilities (DT-ST)

_____________________________________________________

Watch ideas:

Long:

Short:

Tuesday, March 24, 2009

Market commentary for 03/25/2009

Market commentary for 03/25/2009

Good day,

Despite a very tricky day we had an excellent day in the trading room. The trading room is free for a limited time, or you need to do is send me an email ( danded2005@inet.hr ) and you will get instructions how to join us. You will then receive live updates about every open trade and all of the new calls that are made: http://ivicatradingcharts.com/2009/dwl032009.htm

The day started with a gap down with good odds to get back to Monday's highs and fill the gap. The market action today was very choppy on light volume and didn’t give us good odds for low risk long setups. Our open swings did great (CF and BIDU). If we look at the 60 min charts we can see a double top was all what the bulls made on Tuesday. The bears took control and for the rest of the day we saw nice intraday move down with good pace and volume for short setups. I gave several swing short possibilities with very good odds for nice risk/rewards, but right now it is important to note that we need to use small risk on them. We may have seen high of the daily bounce from the lows, but right now that will be a very speculative conclusion. I think we can expect to see a correction, but right now we can’t know how strong or weak it will be. For tomorrow I will expect more selling pressure in the morning, but also we must recognize important support areas like, 20sma on the 60 min chart, previous lows and especially Monday's low which will be strong a support area. If the 20sma on the 60 min doesn't hold then I think we have good odds to see Monday low (gap area). I will watch the intraday action (pace and volume) and then I will decide about any activity.

Those of you that used to come into the trading room and stopped, I want to tell you I am back full time and welcome all of you to come again. There is nothing to lose since there is no charge for the service right now. I look forward to seeing you all there.