Morning Trader
Profitable Ideas Each Market Day
LAST UPDATE:02/02/12 04:18 PM ET
A solid employment number on Friday will support more upside, especially after Thursday's consolidation, but the odds for a bullish outlier are below 30%, given weaker than expected economic reports so far this year, as well as Wednesday's mixed ADP report.
7-Bells
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| Price moving against a strong trend rebounds sharply | |||
|---|---|---|---|
| WTW | 71.78 | 3.26 | 22018 |
| High volume events print the future direction of price | |||
|---|---|---|---|
| ANF | 40.50 | 6.33 | 16.9m |
| ANN | 22.87 | 1.69 | 85007 |
| CDNS | 11.62 | 0.82 | 13.7m |
| Constricted price gives way to directional movement | |||
|---|---|---|---|
| CPHD | 42.99 | 0.22 | 7305 |
| KLAC | 51.51 | 0.18 | 16525 |
| SCSS | 25.65 | 0.2 | 6133 |
| Gap downs after strong rallies signal a trend change | |||
|---|---|---|---|
| AMP | 50.42 | 4.36 | 88522 |
| NG | 9.45 | 0.88 | 18.6m |
| R | 53.05 | 3.89 | 28573 |
| Candles flag reversals in the next smaller time frame | |||
|---|---|---|---|
| ABMD | 19.35 | 0.35 | 9202 |
| GTXI | 6.05 | 0.18 | 13905 |
| KTCC | 8.99 | 0.04 | 4912 |
| Weak markets drop fast after rallying into resistance | |||
|---|---|---|---|
| ABFS | 18.96 | 0.10 | 2314 |
| NFX | 37.55 | 0.23 | 16339 |
| PNG | 17.75 | 0.15 | 1667 |
| Breakouts through a triple top signal major uptrends | |||
|---|---|---|---|
| CNQR | 58.59 | 4.55 | 34501 |
| IPXL | 22.10 | 1.50 | 22992 |
| RAX | 46.93 | 2.48 | 43015 |
7-Bells are not stock picks! All site participants, please read: Important Advice on Trading Risk and Site Disclaimer
Morning Voices
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SWING TRADER
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BIGTRENDS
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