Stock market technical analysis forecast | Nasdaq trend research for trading investing | 401k
trading penny stock breakout day investing
Skip Navigation Links
    •   About US
    Market Activity
    World Indices
    Market Watch
    Customer Service
    Learning Center
    Economic Event

Join Now

Advertise 2 ۩  Daily market forecast
Week Ahead forecast for stock investing | day trading
Patel (8/24/2009 7:02:10 AM)

Last week Nasdaq shown some improvement and breakout double top but 2030 - 2045 is a strong resistance zone, there are lot of supply that’s need to clear and

we need it close above 2045 for new buying. Last week stock market movement indicating distribution going on so best idea is close all long position near 2030-2045 and in case market close above 2045 re-enter back that way you can book profit and if breakout happen you can ride back or you can re-enter long near 1900 , at this stage this is a best strategy to save profit and make good money in the stock market because stock market looks over bought and closer to major strong resistance (supply zone) of course still we not get any sell signal. Day trader and investor need to keep eye on moving averages, because at present moving averages are working best as a support and resistance.

For this week our important resistance are 2030 / 2045 and above that 2147 and supports are 1949 and below that 1897. If Nasdaq broke support 1949 investor can enter short with 20 point stop loss and if breakout 2045 investor can enter long with target 2271.

Average Directional Movement Index (ADX) and stochastic (STO) telling market turn negative or stay side way.

This week you need to watch Consumer Confidence, Durable Goods Orders, New Home Sales, Jobless claims, GDP and Consumer Sentiment. Consumer Confidence and GDP going to play important roll so for day trading or stock trading, including penny stock trading you need to stay alert.

Using this forecast you can plan your stock investing, stock trading or day trading strategies.

To protect your gain and capital stop loss is very important

Long term investor and Day trader need to keep eye on strong Support Resistance

Week ahead Day Trading | Swing Trading | investment strategy.

Recent Week Ahead Stock market Index analysis | forecast:-

Week Ahead forecast for stock investing | day trading
Day trading alert FOMC announcement
Week Ahead forecast for stock trading | day trading
Week Ahead stock market forecast
Week Ahead stock market forecast
Stock Market eyes on FOMC meetings

Archive Stock Market Week Ahead Trading strategy | recommendations

You can plan your investing or day trading strategy considering support resistance and trend as a guide line.

Stock market Index analysis | Stock market forecast you can use for 401k investing also.


Home for ۩ Day Trading | Breakout Stock trading system | Penny Stock Investing | Market Research

Contact Us | Affiliate | Disclaimer | FeedBack | Help | Site Map | RSS  RSS

All Rights Reserved © 2000-2006

This Service is solely an information service provided by the an automated software tool and are for entertainment purposes only and are provided on an "as is" basis and without warranties of any kind, either express or implied., its licensors, content providers, employees, officers and directors (Called the Company)does not warrant that the information contained in the Service is accurate or complete. The Company is not responsible and does not guarantee that the information contained herein or distributed from this site will be uninterrupted or error-free, or that defects will be corrected, or be liable for any errors or omissions that may be found in such information or for the results obtained from the use of such information. Subscribers and users of the free service contained herein or distributed from this site are encouraged to consult other sources and confirm the information contained within the Service. Subscribers and users of the free service understands and agrees that the Service should only be used as one of several research tools and that subscribers and users of the free service should consult with a broker or other investment professional prior to making any material investment decision. Both short-term and long-term investing have potential rewards, as well as large potential risks. Penny stock trading or day trading may not be suitable for all users of this site or the information provided by this service. Subscribers and users of the free service assumes the entire cost and risk of any investing or stock trading they choose to undertake. penny stock are the most risky investment so invest wisely. It should be understood that there is no guarantee that past performance of our stock trading system or day trading Strategy will be indicative of future results.