IvicaCharts: June 2009

Sunday, June 28, 2009

ETF Corner - 06/29/2009

ETF Corner - 06/29/2009

Good day,

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

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

I invite you to join us. You can start with two week free trial. I am confident that after your two week trial period you will see the fantastic service I am providing. The GOLD membership is most popular membership level and compared with other services I am confident that the price and value of my membership is the best on the web.

On the site (www.ivicatradingcharts.com ) you can see free trial link and join us.
If you will have any problem please feel free to contact me.

Date: 06/29/2009

Symbol: RGR

Company Profile: Sturm, Ruger & Company, Inc. engages in the design, manufacture, and sale of firearms in the United States.

Sector: Consumer Goods

Industry: Sporting Goods

Trading Strategy:
RGR form consolidation on the weekly chart, after bounce from monthly lows. Consolidation coming to 20sma support area and I will look for bounce from it. Weekly 20sma will be stop area for start and depends on pace and volume I will look for target. On the monthly chart we can see that previous high (20-25 area) is reasonable target for start, but we will see after setup. I will give all updates in the room and if anyone will have any questions feel free to contact me in the room or over email.

Position Trade

Date: 06/29/2009

Symbol: SGP

Company Profile: Schering-Plough Corporation discovers, develops, manufactures, and sells pharmaceuticals worldwide.

Sector: Healthcare

Industry: Drug Manufacturers - Major

Trading Strategy:
SGP have close situation as RGR. We can see weekly consolidation (triangle) and monthly continuation. I will look for weekly bounce from 20sma support area and breakup above monthly 200sma (red line). Depends on pace and volume I will look for 30-35 area what will be previous monthly high.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).

Wish you good trading!!!!

www.ivicatradingcharts.com
Ivica Juracic

Chart of the week

Chart of the week

I invite you to join us. You can start with two week free trial. I am confident that after your two week trial period you will see the fantastic service I am providing. The GOLD membership is most popular membership level and compared with other services I am confident that the price and value of my membership is the best on the web.

On the site (www.ivicatradingcharts.com ) you can see free trial link and join us.
If you will have any problem please feel free to contact me.

Date: 06/29/2009

Symbol: JAKK

Company Profile: JAKKS Pacific, Inc. develops, produces, and markets consumer products worldwide.

Sector: Consumer Goods

Industry: Toys & Games

TRADING PLAN
Entry price: 13.40

Stop price: 12.75

Target area: 15-16 area

Chart explanation: JAKK closed above weekly 20sma and look ready for bounce. That is what I like on JAKK weekly chart. Ideal will be if we will see few days consolidation on the daily chart first, and in that case I will use smaller stop. For now it is under 200sma 60 min. It will be important to see pace and volume after setup and also it is important to follow market action and compare it with JAKK action.
If anyone have any question or need update feel contact me over email or in the live trading room.

Trade of the week

Trade of the week

Sector: Technology

Industry: Communication Equipment

Entry date: 06/03/2009
Exit date: 06/25/2009

TRADING PLAN
Entry price: 30,95
Stop price: 32.00
Target area: open

RESULT

Exit price: 28.25
Result (%): 8.40
Result ($): 2.60
Risk/reward: 2.48

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.

http://www.ivicatradingcharts.com/

Ivica Juracic

Tuesday, June 23, 2009

FOREX Corner - 06/24/2009

FOREX Corner - 06/24/2009

Time: 02:15 ET
Time: 08:15 GMT
http://www.ivicatradingcharts.com/

Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

FOREX Corner - 06/23/2009

FOREX Corner - 06/23/2009

Time: 06:00 ET
Time: 12:00 GMT
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Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Thursday, June 18, 2009

FOREX Corner - 06/18/2009

FOREX Corner - 06/18/2009

Time: 16:25 ET
Time: 22:25 GMT
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Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Wednesday, June 17, 2009

FOREX Corner - 06/17/2009

FOREX Corner - 06/17/2009

Time: 06:00 ET
Time: 12:00 GMT
http://www.ivicatradingcharts.com/

Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

ETF Corner - 06/17/2009

ETF Corner - 06/17/2009

Good day,

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

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

Market commentary for 06/17/2009

Market commentary for 06/17/2009

Good day,

At Tuesday indices did exactly what we expected. I’m really proud on all of us in trading room that we didn’t fall on morning strength fake and you all who read my Monday column remember that I will follow 10 and 20sma on the 60 min chart for possible 3rd selling wave. If we look at 60 min chart we can see that was exactly scenario what we got at Tuesday. The SPY and the DIA started day with small gap what was filled right after the open and continued with strength. But if you look at 5 min chart you can see that pace was very weak and it was choppy slow move up. It was exactly what I expected and after both reached 60 min 20sma selling pressure started and held for the rest of the day. The QQQQ did same, only 20sma was trigger for selling. I was expect that SPY 200sma will hold little longer what is good news for open shorts and if we back again at 60 min charts we can see that indices have room for another selling round, but right now is to late for any longer short setup because we can see gap down and opportunity for new intraday short will gone.

On the daily charts we can see prove for 60 min charts. The DIA $85 is first support area, for the SPY it is $91 and 200sma support area and for the QQQQ is previous high what is now support. I think that we will see more selling on the daily charts in the future, but not before correction and that is what I will looking for Wednesday. I’m interested for weakness in the morning to protect profit, but I won’t take new short setup (unless something will come out after the open for day trade). I will be focused for 60 min correction. After three selling waves and possible 3d CCI for SPY and DIA I think that we can see good odds for that possibility. I don’t know will that be in the morning or during doldrums time, or will that be at all. I just know that, for now, look as good opportunity for low risk setups and charts support that idea. If something will change I will send updates in the room. For the end I like that you all look at SPY daily chart. It is great example what can happen if 3rd try won’t work and that is reason what I still keep lines. I mention that several times and now we can see result. If anyone will have any question about that feel free to contact me.

Wish you all good trading!!!

Kind regards.
http://www.ivicatradingcharts.com/
Ivica

Monday, June 15, 2009

Trade of the week

Trade of the week

Symbol: VIP

Company Profile: Open Joint Stock Company “Vimpel-Communications”, a telecommunications operator, provides voice and data services through various mobile, fixed, and broadband technologies in the Russian Federation, the Commonwealth of Independent States, Vietnam, and Cambodia.

Sector: Technology

Industry: Wireless Communications

Entry date: 06/09/2009
Exit date: 06/09/2009

TRADING PLAN
Entry price: 12.11
Stop price: 12.21
Target area: 11.50 area

RESULT

Exit price: 11.55
Result (%): 4.62
Result ($): 0.56
Risk/reward: 5.60

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.

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

Position trade

Position Trade

Date: 06/15/2009

Symbol: ALSK

Company Profile: Alaska Communications Systems Group, Inc., through its subsidiaries, provides integrated communications services in the State of Alaska. It operates in two segments, Wireline and Wireless.
Sector: Technoligy
Industry: Telecom Services - Domestic

Trading Strategy: Maybe ALSK is not classic setup for me, but I like triangle pattern. Also I like monthly CCI divergence what can help. On the weekly chart we can see triangle pattern, but not ideal book reversal pattern and I will support trading idea based on monthly bounce. That is maybe best explanation; I will look for bounce. Usual in this column I will post position setups and for ALSK I will say that is swing setup with odds for position trade. We will see action after setup and then we will make some new decisions.
If anyone will have any questions feel free to contact me in the room or over email.

Open – closed trades

Wish you good trading!!!!

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

Chart of the week - TNL

Chart of the week

Date: 06/15/2009

Symbol: TNL

Company Profile: Technitrol, Inc. produces precision-engineered electronic components, and electrical contact products and materials worldwide
Sector: Technology

Industry: Diversified Electronics

TRADING PLAN
Entry price: above 6.90

Stop price: under 6.10

Target area: $10 area

Chart explanation: Reason why I like TNL is small range on the daily chart and result of that is weekly continuation pattern. TNL have room for more upside move what we can see on the weekly chart. For ideal low risk setup I like to see longer daily base (until 20sma) but since range is very small I think that risk is reasonable with continuation possibilities. Pace is strong what suggest for more upside move and in setup case we must watch for volume, CCI and pace. I will move stop quickly because it will be “do or die” situation. If daily range will continue in to next week TNL will stay on my list.
If anyone have any question or need update feel contact me over email or in the live trading room.

Open – closed trades

Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/

Wednesday, June 10, 2009

FOREX Corner - 06/10/2009

FOREX Corner - 06/10/2009

Time: 13:20 ET
Time: 06:20 GMT
http://www.ivicatradingcharts.com/

Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Saturday, June 6, 2009

FOREX Corner - 06/08/2009

FOREX Corner - 06/08/2009
http://www.ivicatradingcharts.com/

Good day all,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Chart of the week

Chart of the week

Date: 06/08/2009

Symbol: KND

Company Profile: Kindred Healthcare, Inc. operates as a healthcare services company in the United States. It operates in three divisions: Hospital, Health Services, and Rehabilitation.

Sector: Healthcare

Industry: Long-Term Care Facilities

TRADING PLAN
Entry price: under: 12.00

Stop price: above: 12.50

Target area: 10 area

Chart explanation:
On the daily chart we can see that KND is obviously weaker then market action. Same is with weekly and monthly charts. KND forming small 5 min base at lows in bigger daily base and I will use that consolidation at lows for trading plan. Setup is under $12 because it is number and low support area. For stop I will use base high, but if we won’t see setup at Monday I will continue watch KND until it will stay under 10/20sma on the daily chart. If those resistance area won’t pull KND down then I will close trade.
If anyone have any question or need update feel contact me over email or in the live trading room.

Wish you all great trading!!!

Ivica Juracic

http://www.ivicatradingcharts.com/

Trade of the week

Symbol: CF

Company Profile: CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products in North America. It operates in two segments, Nitrogen and Phosphate.

Sector: Basic Materials

Industry: Agricultural Chemicals

Entry date: 06/03/2009
Exit date: 06/03/2009

TRADING PLAN
Entry price: 76.45
Stop price: 77.00
Target area: 75-74.50 area

RESULT

Exit price: 74.50
Result (%): 2.55
Result ($): 1.95
Risk/reward: 3.55

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/

Friday, June 5, 2009

ETF Corner - 06/05/2009

ETF Corner - 06/05/2009

Good day,

If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/

Stock Corner - 06/04/2009

Stock Corner - 06/04/2009

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 06/05/2009

Market commentary for 06/05/2009

Good day,

The initial job report came in pretty much as expected. GS said oil is going back to 95 bucks and the markets had a big day of nothing. Tuesday's market action was worthless for low risk trading and the same was with Thursday's action. I hope this is not indicative of summer trading already. In almost every market commentary I mention risk level and I hope you keep that in mind because that saved me yesterday. We are not always correct in market direction with and I was wrong on Thursday. I had a more bearish bias and the day started well, but now I can say I was wrong. It was not first or last time but it is important to have reasonable risk and then won’t be very expensive. We saw strong market action with low volume and weak buying pace, but still long. The QQQQ closed on new highs, the DIA closed very close to the previous high while the SPY is not far from it also. It appears everyone is waiting for tomorrow's unemployment news (8:30 am) and because of that overnight holding is again high risk. We have fair odds for gap open. I don’t have strong bias for intraday action without good pattern and same is with daily charts. We can see the daily charts are strong, above all ma’s and the volume decline can be very dangerous because we can see a sharp move down any time. Because of that I will stick with intraday setups.