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Advertise 2 ۩  Daily stock market forecast for day trading Investment Breakout Stock trading Penny Stocks Research 401k Portfolio
Stock market forecast for day trading | swing trading | trend trading | investment | Stock trading |Stock investing in Stock market
Patel (1/19/2009 2:45:37 PM)

Week ahead Stock market forecast considering that you can plan your Stock Market day trading, swing trading or investment strategy. Last week NASDAQ given a downside breakout of the up trend line, Stockhastic given a Sell signal, and also Rate of change (ROC) given a negative divergence with downward 50 Day moving average that indicating Short term Stock market looks turn negative and its ready to hit 1346 / 1316 su8pport.


This week you need to watch Housing Starts, State Street Investor Confidence Index and Jobless Claims that going to play important roll in Stock market. Again It’s a busy week for earning reports. International Business Machines (IBM), Johnson & Johnson (JNJ), Apple Inc. (AAPL), Google (GOOG), Microsoft (MSFT), General Electric (GE) and Advanced Micro Devices (AMD) going to declare their earning reports. So be very careful for your any position.

For this week 1489 is a important support, any failure of this support NASDAQ can go up to 1416 / 1398 /1346 any down move need to hold 1346 support you can enter long here with 1316 stop loss and for upside 1617 is a important resistance. If Nasdaq hit 1617 you can enter short with 1642 stop loss. Considering this Support | resistance plan your Stock Market day trading | swing trading | trend trading | investment | Stock trading |Stock investing | investment strategy

For Stock trading or Day trading you need to keep eye on strong Support | resistance because once it clear out Stock market goes up to next strong support | resistance. So for Stock trading you can go long or short after market clear out strong support | resistance or you can do reverse means buy at strong support and sell at strong resistance.






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