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Saturday, October 27, 2007 

The Trade Ideas you need for the week ahead !!!

Chart courtesy of stockcharts

Nasdaq 100 Index may be close to breaking to new highs here, it's my opinion based on the chart above. It has been consolidating the past few sessions, trading in a range with top 2205 and bottom 2119 and volume is starting to pick up and there could be a decent short squeeze if it breakout above this range. Next week will be for sure a key week for Nasdaq technically !!! Be prepared for a Big run !!!

Chart courtesy of stockcharts

YHOO is one of the hottest stocks of Nasdaq 100 right now !!! Technically speaking YHOO has been on a non-stop rally since announcing earnings results and the attention in Alibaba.com IPO has been a KEY factor for this Big Rally. On Friday, YHOO hits a new 52-week high by climbing $2.29 cents or 7.31% to close at $33.63, with a huge volume along the week. The technical chart shows the stock is ready for major rally as 50 day moving average is approaching to crossover 200 day moving average to form Goldnen Cross, a very bullish signal. Keep an eye on YHOO, Alibaba.com IPO is coming !!!!!!!!

Chart courtesy of stockcharts

Watch Monday's action for a possible breakout over $360.

Chart courtesy of stockcharts

Verizon, it will be in focus on Monday morning, it is expecting to announce $0.62 EPS. Looking at the daily chart, Verizon looks very good here, especially if market attempts a rally, a possible breakout over $46.24 is likely.


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 weekend !!!

AC

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HI AC,

YHOO was really a good bet !! I hold on my shares, what do you think ?

John

Hello John,

Tks for post here your question. Well, I don't like to advice my readers because markets it's an unpredictable "game", but I can give my opinion on stock, HOLD ON your shares even after this Big rally, something is going on......it's my opinion.

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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.

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