Indices don't STOP

-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

Wednesday, May 16, 2007

Chart courtesy of stockcharts

All days I heard the same music, New High at Dowjones...........new Record. The Dow Jones industrials rose 103 points to another closing record at 13487. Even trading in overbought conditions indices don't stop.

Chart courtesy of stockcharts

Medarex shares were up today more than 3.48% to 15.16$ breaking out an important resistance at 14.804. Stock is now ready to retest the previous highs at 16.23$. Indicators are all indicating a Bullish pattern for stock. Keep an eye on MEDX.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice evening !!!

AC

22:17 | Permalink

About Me

I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

FREE NEWSLETTER

Subscribe my feed :

Support AC

Support AC Investor Blog, Donate with PayPal

Follow me

Advertising

AC Investor Blog ? Click Here

Recent Topics

Stocks on the move in the afternoon
Stock alert - VVR ready to breakout ?
Stocks on the move in the afternoon
Hot stock of today session - CRTX
AAple shares run again !! ACI and MAT
AMGN shares were down
Stocks on the move in the afternoon
The Dragon laptop from HP
Vonage shares were up 10%
Gateway down again !!!!

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES

Back to Top
Disclaimer: I am a 48 year old Independent Trader using propriety technical analysis with more than 20 years experience of investing in the stock markets. I started this blog in 2006 simply as a way to share my thoughts on the market.Please keep in mind that My blog contains only my personal opinion and is provided for informational purposes only, and no mention of a particular security constitutes a recommendation to buy,sell, or hold that or any other security. My past results are not necessary indicative of future performance.Any trades or investments are committed at your own risk. I am not a professional money manager. Always consult your broker for any of your investment decision.Trade at your own risk. All opinion in this blog is intended for educational purpose only and AC Investor is by no means liable for any potential damages that may be incurred from this information.Trade at your own financial risk as I assume no responsibility for your investing decisions in the markets.

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Wednesday, May 16, 2007