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Tuesday, September 30, 2008 

Stock Picks and Trade Ideas for Wednesday - NOVL, EZPW, BOOM

Hello Folks !!! Early in the morning I read something that make fell really concerned. One of the best European managers of global operations, Alexander Kapfer, believes that the veto of the plan to rescue the U.S. economy in the amount of 700 billion dollars "is a disaster." For the manager, the engine of world markets is getting "out of fuel." Alexander Kapfer is recognized as “star manager” of the German boutique Atkien and responsible for one of the best European equity funds worldwide, the FIVV AKTIEN IU Global Select Fund. Alexander Kapfer summarized in a nutshell the decision of the House of Representatives: "It's a disaster," says the magazine Citiwyre. This guy believes that politicians have not realized the gravity of the situation of the financial system. And use of the image: "We are like an engine that now, is running out of fuel and will break down at any time. The only thing the Fed can do now is establish that a further deposit will be added. The manager also fears that Europe will be more affected than the United States itself, since the European politicians have lost the opportunity to carry out the necessary reforms during the good and now with the economy on the brink of a recession, says is unlikely to be willing to invest. Please see below some trade Ideas for tomorrow.

Chart courtesy of stockcharts ( click to enlarge )

BOOM moves in a downward channel targeting the support at $22.12. The middle line of the channel acts as a strong resistance around $24.73. The stock is still in bear market as MACD and signal line are both below 0.

Chart courtesy of stockcharts ( click to enlarge )

EZPW - The stock is now set up nicely in a base for a potential breakout, so keep an eye for a possible breakout over $19.

Chart courtesy of stockcharts ( click to enlarge )

NOVL - The stock reversed strongly to move to my short-term resistance at $5.20. Although this trend is encouraging, the near-term outlook stays cautious till the stock closes conclusively above $5.20 on heavy volume.

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. See you tomorrow !!!

AC

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Monday, September 29, 2008 

Panic Sell-Off On Wall Street

Hi Folks !!! Another ugly day for longs. The financial-rescue plan intended to restore confidence in the U.S. banking system collapsed in partisan wrangling as the House of Representatives voted down the proposal backed by the Bush administration and congressional leaders of both parties. Markets plunged as the House rejected, by a vote of 228 to 205, the $700 billion measure to authorize the biggest government intervention in the markets since the Great Depression. Let's see how Asian and European markets will react tomorrow. Please see below some trade Ideas.


Chart courtesy of stockcharts ( click to enlarge )

GOOG - Trendline support has been broken today on the daily chart at $406.38 with the next target at $360. I would exit longs at this time. An aggressive trader may want to short GOOG here. Technically, the stock is in a Bearish mode with MACD below signal line and the price below both 50 and 200 day moving averages.

Chart courtesy of stockcharts ( click to enlarge )

The daily chart of TRN shows horizontal support has been broken below. Next support is now at $24.30.

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. See you tomorrow !!!

AC

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Saturday, September 27, 2008 

Change your Vista icons

Hello Folks !!!! If you would like to change you Vista icons, so you can use a free tool named Drive Icon Changer. With this tool you can give a little customized touch to your computer, how? Well, it allows you the possibility to change your local hard drive icons, as you know windows doesn’t let you to do that. After install this tool, you only have to select your local drive and then your desired icon. Oh, don’t forget to reboot your PC after finishing the installation. Well, simple, isn’t it?

Free Download:Drive Icon Changer V1.00 717 kb (.exe) and 204 kb (.zip)

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Friday, September 26, 2008 

Stock Ideas for Next Week - MSFT, NVDA, CIEN

Chart courtesy of stockcharts ( click to enlarge )

CIEN - The technical indicators are looking better for the stock. The stock has been on a rise recently as K line is on top of D line indicating a buy signal.MACD suggesting that CIEN downtrend could be coming to an end. A breakout above the symmetrical triangle line and the 20-day moving average on the daily chart would confirm this. It does not necessarily mean that CIEN trend would change from down to Up but it could be the start of a base building period. The symmetrical triangle is a pattern in which two trendlines converge toward each other. This pattern is neutral in that a breakout to the upside or downside is a confirmation of a trend in that direction. Stay tuned on it.

Chart courtesy of stockcharts ( click to enlarge )

NVDA - Over the last 52 weeks the stock has ranged from a low of $8.80 to a high of $39.67. NVIDIA stock has been showing support around $10.74 and resistance in the $12.10 range. Technicals have turned bullish signaling sideways to higher prices possible in the near term. Next target for the stock are 11.94 and 14.12. Only a close above 11.77 reverses the current downtrend. Let's keep an eye on it.

Chart courtesy of stockcharts ( click to enlarge )

MSFT is up against the downtrendline. Are the technical signs suggesting that MSFT is about to break out of its congestion area? I think so. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. A decisive break of the downtrend line on heavy volume, and, we could be looking at MSFT testing its resistance level at $28.40 and $28.77 respectively.

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. See you Monday !!! Have a great weekend !!

AC

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Stock Picks and Trade Ideas for Friday - VRSN, SBUX, BRCM

Chart courtesy of www.stockcharts.com ( click to enlarge )

BRCM - The immediate support zone for the stock lies at the $19. A close below this level would push the stock to lower levels of $18.72-18.55. However, the break of $20 would send BRCM on another corrective rally, but we remain bearish below $21 a break is needed to challenge last weeks highs at $22.46. I just want also to point out that the daily MACD is diverging positively suggesting a recover is just ahead, with a rally to about $20 as the first target.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SBUX - Technically, there is no reason to take exposure in this stock as there is no evidence of the reversal of the ongoing downward move. For now, it would be better to stay away from this stock. The near-term outlook is bearish and the stock could drop to the $14.50-$14 range. Stop loss for long positions may be placed at $14.71. A close below $14.50 would impart weakness in the stock.

Chart courtesy of www.stockcharts.com ( click to enlarge )

VRSN made a strong upside reversal last week. The technical chart above suggests that stock might find now resistance at $27.58 ( 20 daily moving average ). Only a close above this level would suggest further upside. Remain invested with a stop loss at $24.99.

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. See you tomorrow !!!

AC

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Thursday, September 25, 2008 

MSN emoticons for free

Hello folks !! If you like to chat through Windows Live Messenger, maybe you like to check out the Minimise-Me website service! What is this? Well this is a free service offered by MSN and where you can create personalized emoticons. This is a cool service, there you have tools and accessories to personalize your own emoticon; you have different kind of hair, eyes, mouths, eyebrows, hats, moustaches and other things. If you don’t want to waste time to build your emoticon, you can use the “Randomise Character” option. After that you can download your icon to your Windows Live Messenger.

Website: Minimise-me

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Stock Picks and Trade Ideas for Thursday - CIEN, BOOM, BIDU, ESLR

Chart courtesy of www.stockcharts.com ( click to enlarge )

ESLR could move to the $6.80-$6.86 range in the near term. Sell a portion of the holdings if the stock faces resistance at this zone. Hold with a stop-loss at $5.83.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BIDU is trading close to the resistance level at the Rs $280-$281 range. A close above this range would impart strength and the stock could move easily to $305-$310 subsequently. The trend would turn bearish if the share price closes below $260.70. A drop below $252 would have major negative implications. Remain invested with a stop-loss at $252.01. Stay tuned on BIDU.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BOOM - Buy on a close above $29.27 ( 50 day moving average ) with a stop-loss at $27.81 and a price target of $31.50.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - It looks like the buyers are finally aware of the buying opportunity at this level after the big drop occured early this month. The technical chart shows this is just the beginning of the rally as K line has just crossed on top over D line. In addition MACD back again above the sell line, this is a good indication that the stock could be back to bull market soon.

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. See you tomorrow !!!

AC

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Wednesday, September 24, 2008 

Stock Picks and Trade Ideas for Wednesday - CSCO, JOSB, OTTR, FSLR

The US markets still showing clear signs of uncertainties and fears just a day after the oil shot to the 120 dollars per barrel, which caused a new wave of fears of economic recession in the U.S. Oil prices shot Monday in an unprecedented way in New York, rising more than $16 in a single day to $120.92, pressured by the decline in the dollar and technical factors. Prices today rectified yesterday's strong recovery but were also pressured by expectations that the U.S. economy will not escape an economic recession, which could lead to a reduction in demand. With fuel prices high, the markets fear that the plan presented on Thursday will not be sufficient to protect the economy from a recession. The uncertain remain well present in the market and all cautions must be taken in consideration.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CSCO continues to consolidate within a triangle and the subquent break will determine the next move. The near-term trend does not appear bullish, therefore there is no reason to invest in this stock now. Fresh exposures may be considered once the stock stabilises and gets into an upward trending mode.

Chart courtesy of www.stockcharts.com ( click to enlarge )

The short term scenario is not encouraging for the investors. OTTR has broken uptrend support in the $41.50 to $40.60 range. In other words, the long-term trend has turned negative. This is the confirmation of the trend reversal. We might see some bounce up at this level. However don’t take risks on this as it could be deadly if the bear decided to take out the support line again.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Very bullish action on JOSB this week. She's extended but no one seems to care. I'll be watching her carefully for any possible opportunities.

Chart courtesy of www.stockcharts.com ( click to enlarge )

FSLR - The near-term outlook is bearish and the stock could drop to the $192-200 range. Technicals are currently oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above $246 will confirm the short term low for the stock. I'm looking for a good trade if the prices close above $246. On the downside the next target is $200.

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. See you tomorrow !!!

AC

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Monday, September 22, 2008 

Stock Picks and Trade Ideas for Tuesday - JAS, JAVA, AAPL, LDK, XOM

Chart courtesy of stockcharts ( click to enlarge )

XOM - The overall outlook for the stock appears bullish. Only a close below $78.71 ( 50-day moving average ) would negate the bullish outlook for the stock. A close above $82 would reinstate short-term bullish trend that could propel the stock to the next target zone of $84.33-85.47. Technicals are bullish ( MACD , KD , RSI ) signaling sideways to higher prices in the near term.

Chart courtesy of stockcharts ( click to enlarge )

LDK closed lower on Monday however posted a smart recovery off the lows. Technicals are now in oversold territory signaling sideways to lower prices in the near term. At this point, a drop below $37.65 ( 200-day moving average ) would impart bearish trend. Bulls could remain invested with a stop loss at $37.50.

Chart courtesy of stockcharts ( click to enlarge )

AAPL closed sharply lower on Monday to $131.05 as the decline continues. The low-range close sets the stage for a steady to lower opening on Tuesday. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices are possible in the near term. Next support for the stock is $127 and $120.68 levels. Only a close above $144.20 will reverse the current downtrend.

Chart courtesy of stockcharts ( click to enlarge )

JAVA - The near-term trend is bearish and the drop below $8.32 confirmed the weak outlook. $7.56 is a crucial level. Breakdown will result in a greater fall.

Chart courtesy of stockcharts ( click to enlarge )

JAS is forming a rising wedge (bearish pattern) on daily chart with a likely target of around $20. It will be interesting to see if market touches $26 or perhaps even $27 in the coming days before a good fall. For now, be cautious on all up moves and keep a close eye on the wedge. The moment the wedge is broken, expect good correction.

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. See you Monday !!!

AC

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Circular dock for Windows - Awesome !!!

Good Trading Day !!!! Nowadays there are many Mac Docks available on the internet which can simulate the Mac OS X dock in others OS and most of them have the rectangular shape. Recently a found a different doc, a Circle Dock, yeah! This dock is for free downloading, it’s very versatile and you can customize it very easily. This Circle Dock gives a nice and different look to your desktop. So, if you are searching for a different "Mac" Dock, well, you have this one! Check this out, is for free download!

Free Download: Download Circle Dock 0.9.2 Alpha Preview 8 (7.47MB)

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Free image gallery scripts - Mooflow

If you are searching for image gallery for your website or blog then you have to check out the Mooflow! This image gallery works through a script based on Moontool applications. So, with Mooflow you can create a pleasant image gallery with excellent effects. You can create an image gallery like Coverflow, a graphic interface used on iTunes, Macintosh Finder, and Apple products. Check this out!

Website: outcut

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Saturday, September 20, 2008 

Stocks to watch next week - SPIR, AMZN, BIDU, HPQ

Chart courtesy of stockcharts ( click to enlarge )

HPQ - The technical chart shows very positive sign as the stock has bounce back up after dropping near 50 day moving average. Now that K line is on top of D line again the stock should enjoy a new rally. The overall outlook for the stock appears bullish. Only a close below $46.19 would negate the bullish outlook for the stock.

Chart courtesy of stockcharts ( click to enlarge )

BIDU - MACD has already generated a buy signal. The near-term outlook for the stock does not appear negative. Only a close below $280 would have negative implications. Hold on with a stop loss at $280. Fresh buying may be avoided as long as long as the stock is traded below $312 ( 200 day moving average ). A move past this level may be used to take fresh exposures.

Chart courtesy of stockcharts ( click to enlarge )

AMZN - The technical daily chart shows very positive sign as the stock is now trading above 50 day moving average and formed this week the golden cross pattern. This “Golden Cross” pattern represents a major shift from the bears to the bulls. Golden cross is when the 50-day moving average cross on top over 200-day moving average and is a very bullish buy signal. With K line back above D line and stock back above 50 day MA we may see some rally coming. The stock is now in a Bullish mode.

Chart courtesy of stockcharts ( click to enlarge )

SPIR is a low volume small cap that may be poised to move higher. This stock broke out on Friday from its bearish descending traingle. The technical chart shows very positive sign as the stock is now trading above 50 day and MACD back again above 0. This momentum could push this stock much higher from here, so keep it on the radar next week.

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. See you Monday !!!

AC

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Friday, September 19, 2008 

AC Investor Blog - This month's visits and page views

Here is the statistics provided by ShinyStat describing the overall Statistics of AC Investor Blog over this month. If you're interested in advertise on AC Investor Blog, send an email to antonio.mrcosta@gmail.com with your offer or use the forms within the site.

If you're an advertiser, here is the reason that I can give you to advertise in my space.

Google Page Rank 3
350 unique visitors per day
500 page views per day

Linked at some of the best financial blogs and sites worldwide

Active and up to date content

Many to thanks to all my readers for coming here everyday !!!

AC

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Thursday, September 18, 2008 

The worst financial crisis since the Great Depression

Already considered by many analysts the worst financial crisis since the Great Depression, the actual financial crises are dramatically shaking markets worldwide. The financial crisis that began 13 months ago is pushing stocks to irrational historical lows, including healthy companies that are now seeing company value in a bad situation. The panic selling has been installed in investor minds, therefore the word “sell” appears from everywhere on the floors of Wall Street, everybody is selling everything, no matter if the company is in a good financial health or not, the time is to sell and they sell, it's the contagious of the environment. Some healthy companies that I’m still holding in my portfolio have been also battered for this uncertainty, but fortunately for me this fall hasn’t been so stronger as others companies in the same sector. In fact, at the present time no one is immune to be hit by falling knives, the sentiment is really ugly and cash is King. From my standpoint, I believe that we are not so far from the bottom of this market, currently there are many companies already trading below its book value, creating historical good opportunities of investment for long players. Investors with patience will be soon rewarded. Time changes in a matter of seconds and FED, BCE and many others are active on the ground injecting billions of dollars to stop a deeper crisis in the entire financial system. Stay calm and avoid entry in panic. As I said before cash is King in times like this. Please, find below more trade Ideas for Friday.

Chart courtesy of stockcharts ( click to enlarge )

YHOO seems to have broken out of the downtrend with $20 as resistance. Target price of this formation would be above $24. Volume on breakout is about 36 million of shares, volume on the last trading days was 30 million. If on Friday the stock was bought up with volume of above 30 million, this would be a confirmation of continued bullishness. As of current, MACD is indicating a bullish signal as it is above the sell line. In addition as stock is just back above 50 day moving average and ROC has just rose above oversold level, now is probably a great time to buy the stock.

Chart courtesy of stockcharts ( click to enlarge )

CIEN - Chart is showing a Bullish MACD divergence. Positive divergence occurs when MACD advances upwards at a time when the price is still in a down trend. MACD forms a sequence of higher lows (each low higher than the previous day or period). A close above today's high will cause an inversion which will lead the stock higher. In addition, the stock is extremely oversold at this point that the conditions are almost perfect for another large scale counter trend rally to develop, so don't be caught if you see this one begin. Stay tuned on CIEN.

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. See you tomorrow !!!

AC

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Wednesday, September 17, 2008 

Trade Idea for Thursday - Google

Chart courtesy of stockcharts ( click to enlarge )

GOOG - Hold with a stop-loss at $406.08. If stock breaks this level then the stock can head to $400 and if this level is breached then the level of $375 is visible. Fresh exposures may be avoided, as the short-term outlook is bearish. A close below $406 would impart further weakness and a subsequent test of $400-375 is not ruled out. The trend would turn positive only a close above $450. Long positions may be considered on a daily close above this level.

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. See you tomorrow !!!

AC

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Tuesday, September 16, 2008 

Stock Picks and Trade Ideas for Wednesday - BOOM, AMAT, YHOO

Chart courtesy of stockcharts ( click to enlarge )

Yahoo moved higher to the second target at $19.21. I had propounded the arguments for the formation of a long-term on a break of the downtrend line last week. The movement of the stock last week is promising and the short-term up trend can continue to take the stock higher to $20 or $20.19 respectively. Short-term traders can hold their longs with a stop at $18.25. But there is a cluster of resistances in the area between $20 and $20.19 that can impede any medium term up-move in the stock. Looking at the technical chart above, you would see after the stock hit the 52 weeks low last week, the huge rally that follows brought the stock back above the 20 day moving average. Another crucial element is the volumn which recently received four huge spikes showing some heavy buying since the stock is still going up after the huge volumn spike. Other supporting technical indicators are KD and MACD, both showing buy signal with K line on top over D line and MACD above the sell line. Maybe afterall this is finally the time that the stock is going to move up.

Chart courtesy of stockcharts ( click to enlarge )

AMAT - The key resistance to watch next tomorrow is at $16.60. Inability to move past this resistance would mean that the stock is moving down again to $16 or $15.88.

Chart courtesy of stockcharts ( click to enlarge )

BOOM - The stock created a falling wedge formation with bullish divergence on the MACD. If it breaks $30 level , then bullish confirmation is confirmed. This means there is more upside. I think this is quite likely. If it breaks $24.73, then bullish signal becomes very bearish sign. I think it's unlikely, but if it happens, then we might see $23 level.

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. See you tomorrow !!!

AC

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Monday, September 15, 2008 

Stock Picks and Trade Ideas for Tuesday - GOOG, SNDK, TRN, AMD

Chart courtesy of stockcharts ( click to enlarge )

GOOG - From a near term perspective the most obvious level to watch is right now the $442 level. The bulls need to push prices above this level to start making some progress. A failure to take out this level in the next sessions is outright bearish and suggesting a test of key support at the $406 level.

Chart courtesy of stockcharts ( click to enlarge )

AMD ruled weak and also breached the crucial stop-loss level at $5.24 ( 50-day moving average ). The short-term trend has now turned bearish and a drop to Rs $5-5.15 appears likely. Fresh exposures may be avoided. A close below this level could push the stock to $4.50.

Chart courtesy of stockcharts ( click to enlarge )

TRN may find support here at the 200 sma. Any close below this level will extend the losses further.

Chart courtesy of stockcharts ( click to enlarge )

SNDK looks like it started to break down here. The short-term trend has now turned bearish and a drop to $14 appears likely. Keep an eye on the $14 level for signs of support.

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. See you tomorrow !!!

AC

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Saturday, September 13, 2008 

Global Financial crisis and some Trade Ideas for next week

The financial crisis catapulted the financial markets for the worst period of the decade. For more than a year that the financial markets are living depressed times due to the growing pessimism among investors in the face of problems, no end in sight in the financial sector, the "brake" of the economies and the expectation of worsening results among the big companies. The losses in small and large investors have been brutal over the last months, especially for those who had betting in long positions since October of 2007. Twelve months later, we have almost all indices testing the lows. But nor always we should look for the falling markets as a synonymous of losses. There are lot of people worldwide that have made big fortunes with the deception of others. For those who in October 2007 invested in short positions, just in the beginning of the current crisis, can now collect capital gains exceeding 65% as a whole. It has been good times for bears and bad times for bulls, and now? Where we go…….. Technical and fundamental indicators still not showing brilliant signs, but I start seeing some light in the end of the tunnel with the end of the actual presidency. In addition, the election time always brought signs of change; therefore it's hard to believe in a new period of disbelief and economic pessimism. Let’s see what the next 12 months will bring to the market. I’m betting for a new wave of growing, it could take some time to assimilate but I'm sure it will start next year. There sure is a lot of money on the sidelines and a lot of talk of the yearend rally.

Chart courtesy of stockcharts ( click to enlarge )

Juniper Networks (JNPR) has already recouped its recent losses and looks poised to break resistance at 26.50. The technical chart shows positive sign as the stock has been on the upside since late July and the stock has been above the 50-day moving average since that date. A few more positive session could bring MACD back above 0 meaning bull market. Stay tuned on JNPR.

Chart courtesy of stockcharts ( click to enlarge )

CNTF - Daily chart above shows that it is still to early to say that the downtrend has ended.

Chart courtesy of stockcharts ( click to enlarge )

HLX - Broken supports turns into resistance. Stock needs to break $28.47 to turn bullish.

Chart courtesy of stockcharts ( click to enlarge )

CIEN - Looking at the daily chart, it shows weak sign as the stock is still trading below 50 day and 200 day moving average. Another weak sign is MACD which is still below 0. On the other hand, ROC shows the stock is oversold and with volumn spiked as K line crossed on top of D line this is probalby the time that the stock would finally reverse the downtrend. I'm still Bullish on CIENA.

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. See you Monday !!!

AC

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  • I'm a 44 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.

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