Support and Resistance - 4th week of January
January 20, 2007 by Daniel Beatty · 2 Comments
Every weekend I will give you the support and resistance levels and how strong they are of the folowing Indices…
QQQQ, SPY, SPX, OEX, and the Dow (DJ30)
This will help you in trading decisions of where to be looking to place your trades.
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QQQQ - Support = 44 / Resistance = 45.50
SPY - Support = 140 strong /  Resistance = 145 strong
SPX - Support = 1400 strong / Resistance = 1445 strong, 1430 weak resistance
OEX - Support = 655Â strong /Â Â Resistance = 675 strong
DJ30 - Support = 12450 weak, stronger at 12350Â /Â Resistance = 12700 strong
Nice Speculative play
January 20, 2007 by Daniel Beatty · Leave a Comment
Pete Stolcers of 1Option had a nice 20% gain on a put play from Armor Holdings (AH).
Check out the initial strategy here - My Opinion Of Armor Holdings Determined The Tatic! and then the outcome of this trade not quite a month later - A Follow-up To Armor Holdings and The New Plan In Iraq!
A lot of good quality thought went into this trade.
No TagsFREE Education And Training in Trading
January 9, 2007 by Daniel Beatty · Leave a Comment
Here is an opportunity for free education and training in trading.
International Traders Expo to be held in New York February 17th through the 20th. It is free! Of course, everyone is going to be pushing their wares and how their system is the best but you can still receive some extremely valuable information.
No TagsSupport and Resistance - 2nd week January 2007
January 7, 2007 by Daniel Beatty · Leave a Comment
Every weekend I will give you the support and resistance levels and how strong they are of the folowing Indices…
QQQQ, SPY, SPX, OEX, and the Dow (DJ30)
This will help you in trading decisions of where to be looking to place your trades.
_______________________________________________________________________________
QQQQ - Support = 43 / Resistance = 44.50. Broke resistance this past week but still trading in a small channel.
SPY - Support = 140 strong / Resistance = 145 strong OK this broke support from last week by closing .50 below it on Friday. The next support is the 50 day Moving Average (50d ema) which right now is at 139.85
SPX - Support = 1400 strong / Resistance = 1445 strong
OEX - Support = 655 strong / Resistance = 675 strong
DJ30 - Support = 12400 weak, stronger at 12350 / Resistance = 12550 strong Same as last week
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