Invested Central Chart of the Day 9.10.10
- Length: 4:59
- Views: 18
- Author: InvestedCentral
For more information, please visit our website at www.investedcentral.com The XLB is an ETF (Exchange Traded Fund) that tracks the basic materials sector. As you can see from the chart, basic materials gapped above key intermediate-term resistance today, but failed to hold that breakout into the close. Part of the reason was anemic volume on the move. We like to see confirming volume on breakouts and we were well short of confirming volume on Thursday. The XLB, like so many other sectors, indices and individual stocks, is currently printing a negative divergence on its 60 minute chart (not shown here), suggesting that the recent bullish momentum is waning. Timing your entry into leveraged, or juiced, ETFs should be based on the performance of the underlying group or index, not on the technicals of the juiced ETF chart itself. Check out the red and blue lines above. Over time, the SMN (juiced short ETF that tracks basic materials in an inverse manner) DOES NOT follow the performance of the XLB as you would expect. Erosion occurs over time, which is why it's incredibly important to pick your spots for entry and exit quickly if the trend doesn't move in your favor. Listen to the video for this Chart of the Day for a more thorough explanation. Given that the XLB is up against critical resistance (and failed on Thursday) with very light volume and a 60 minute negative divergence, we believe trading the SMN is not a bad strategy. Should the XLB break above its highs on Thursday ...
AMBIENT CORP (ABTG.OB) Penny Stock Video Chart For Day Traders
- Length: 6:59
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- Author: PennyPayDay
Today Penny Payday brings you a video chart for AMBIENT CORP (ABTG.OB), a OTCBB company and one of many you can find at Pennypayday.com.
AFAM, CPTS, DV, UVV -- Stock Charts -- Harry Boxer, TheTechTrader.com
- Length: 6:32
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- Author: thetechtrader
09/08/10 -- www.TheTechTrader.com -- Today Harry reviews the Boxer Shorts. Almost Family Inc. (AFAM), which has been on our list since earlier this year when it cracked. It looks like after four waves, there may be a fifth that takes it down near the 20 range. That's the new trading target on AFAM. http Conceptus, Inc. (CPTS) has been in a down trend since February when it was in the low 20s and dropped all the way down to 12 after cracking key neckline support. In July this stock has then morphed into a bear wedge. If this breaks to the downside, look for a move down toward the 11 range, maybe even as low as 9 1/2 or 10. www.TheTechTrader.com DeVry, Inc. (DV), another educational stock that's gotten hammered, rolled over in April and May, continued a down trend and looks like it could be lower although there is major support. If it breaks through support it could be curtains. http Universal Corporation (UVV), after dropping another 73 cents today, appears to be headed to the 32 range, the next trading target, which is the juxtaposition of the bottom of that channel on this lateral price support. www.TheTechTrader.com Other shorts highlighted on Harry's Charts of the Day are Amedisys Inc. (AMED), Capella Education Co. (CPLA), Cree Inc. (CREE), Citi Trends (CTRN), Guess? Inc. (GES), Jinpan International Ltd. (JST), Blue Nile Inc. (NILE), SolarWinds, Inc. (SWI), TNS Inc. (TNS). httpHarry's Charts of the Day, published each evening Monday through Thursday, features Harry ...
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