NASDAQ NEXT WEEK Archives
NASDAQ daily price chart -- February 28, 2010
NASDAQ NEXT WEEK -- February 28, 2010 -- STANDBY
We had a good week. We were able to bank a profit of 45 when the NASDAQ turned down enough to make our Mars line change directions. We remained on Standby for the rest of the week as the NASDAQ moved sideways in the process of consolidation. What's next?... While there may still be a few little points of upward price action left in the NASDAQ early this coming week, overall, I think that a bearish pivot peak is quite near. I expect to see a significant move down coming up within a few short days or less.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 21, 2010
NASDAQ NEXT WEEK -- February 21, 2010 -- LONG
I must say, that bullish rally lasted much longer than I was expecting. The Mars line is still moving up so we remained in our long position over the weekend. That said, I think the NASDAQ has finally hit its head on the ceiling. I expect to see an exit coming right up. When that Mars line does turn down, signaling our exit, we stand to bank a very nice profit indeed. I am in the process of modifying our trading rules a bit. The details will be found in my free, online e-book. In a nutshell, I'll enter a new short position this time as soon as the Mars line pivots downward. I'll be rooting for the bear this coming week!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 14, 2010
NASDAQ NEXT WEEK -- February 14, 2010 -- LONG
As we discussed last weekend, the NASDAQ was due for a new move up this last week. And, "move up" it did. The NASDAQ rose more than 40 points and closed strong on Friday afternoon. Unfortunately, our Trading System did not allow us to cash in on that nice move up. On Friday, a new long position was triggered as NASDAQ price moved above the Uranus line. That said, I don't think the new long position will last very long. Here's why... The NASDAQ has just reached an important resistance level in the corrective move up. A new impulsive move down is just about to begin. This next move down should be significant and allow for some serious profit making. I expect it to last at least one week. Come check back next weekend and we'll see how we did...
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 7, 2010
NASDAQ NEXT WEEK -- February 7, 2010 -- SHORT
The NASDAQ has finally reached an important support level and will likely begin to move back up from here. I have a new, bullish price target of about 2,200. I would hope to see this target reached in the next few weeks or less. Check back with me next weekend as the new rise should be well under way by then. Better yet, please consider subscribing to my FREE daily newsletter, Market Wealth Today for a more in-depth perspective of what is right around the corner.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 31, 2010
NASDAQ NEXT WEEK -- January 31, 2010 -- SHORT
Wow! What a great week it was for our current short position. We're really piling up the paper profits with this move down. How long will it last? As you already know if you've been reading along with me here for some time, it probably doesn't matter how long it will last. The most important thing of all is that our Trading System has us in on the correct side of the price move. If we can do that consistantly this year, we'll make money. However, my calculations show that the U.S. stock markets will probably be moving down for at at least a few weeks. More importantly, we'll remain in this short position until we see the Mars line turn upward.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 24, 2010
NASDAQ NEXT WEEK -- January 24, 2010 -- SHORT
Sorry to sound so excited. But, I am. The NASDAQ has finally broken out of that terrible, sideways Trading Range and now we have some solid direction.Fasten your seatbelt. We entered a new short position with QQQQ put options on Thursday and we're ready for action. How long will the move down last? This could easily develop into a nice, long, profitable ride. As always, our exit signal will come when the Mars line pivots back upward. If you want to follow this move a little more closely, you should definitely subscribe to my free, morning newsletter, Market Wealth Today. This newsletter will keep you posted on the very latest every morning before the open. Have a profitable week. See you back here next weekend...
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2010! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my Stock Market Index and FOREX forecast each morning before the open, subscribe to my FREE, daily MARKET WEALTH TODAY newsletter by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 17, 2010
NASDAQ NEXT WEEK -- January 17, 2010 -- STANDBY
Wow! That was one rough trading week. Many good Trading Systems that are designed to benefit most from trending conditions, suffer when the market drifts sideways in a Trading Range. And thus, we suffered a lot this last week. As you can see on the price chart, the NASDAQ jerked us up and down, and all over the place. Literally, each day triggered a new, false trading signal. That was an awful lot of work for so many losing transactions. Obviously, this coming week, I'll look for conditions to calm down a bit and find some direction. We're out of the market on Standby this weekend. When the Mars line agrees with the Uranus line, we'll enter a new position and trust that the NASDAQ will finally find a new path.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 10, 2010
NASDAQ NEXT WEEK -- January 10, 2010 -- LONG
You may remember that last weekend we were on Standby, waiting to see which way the market would go before entering a new position. On Monday, the NASDAQ got bullish and we were triggered into a new, long position as the Mars line turned back upward again. That long position lasted all week and we are even carrying it over the weekend. Friday closed with a big spike up and I am expecting to see the bullish sentiment carry over into, at least, the first part of the coming week, if not longer. This appears as if it may be a new bullish breakout so I think it is a good thing that we are already on board. As always, we'll remain in our long position until we see the Mars line turn downward. It couldn't be much simpler, could it?
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 3, 2009
NASDAQ NEXT WEEK -- January 3, 2009 -- STANDBY
We're off to an awesome start! We were able to bank a whopping profit of 73 upon our exit from the recent long position as the Mars line FINALLY turned downward. It was a great run. Now, we're on Standby this weekend. We'll be patiently waiting for one of two possible scenarios to develop... 1. If the NASDAQ heads back up, we'll watch for the Mars line to turn upward. If it does, we'll re-enter a long position. or..., 2. If NASDAQ price drops below the Uranus line, we'll enter a brand new short position. I'm very excited for you and for me to kick this new year off with a big bang together! Please come browse through this web site regularly over the coming months as I'll be updating and upgrading many things.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- December 27, 2009
NASDAQ NEXT WEEK -- December 27, 2009 -- LONG
And what a Merry Christmas it has been with the NASDAQ this last week! You may remember back to last weekend. I wrote about the NASDAQ needing to break out decisively above 2,215 to signal a high-energy, productive move up. Guess what? It did. Fortunately, our fully mechanical Trading System already had us poised and positioned to benefit from the big move. We were already long just before the rocket ship took off. So far, our paper profits are looking quite "Astronomical". Our strategy, as always, is to hold our long position until we see the Mars line pivot downward. When that happens, we'll exit our long position and bank our profits. In the coming short trading week, we'll be watching for that exit signal to appear, likely before the New Year arrives. May we all enjoy an exciting and new profitable 2010 together. I deeply appreciate your visit here each weekend to see the very latest of what we are up to. Have a great and relaxing coming week!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- December 20, 2009
NASDAQ NEXT WEEK -- December 20, 2009 -- LONG
Unfortunately, Thursday's bearish price action jerked us out of a perfectly good bull trend. Certainly, we banked a nice little profit of 16, but a much larger profit opportunity was interrupted in the process. Friday's price action resumed the move upward and we were triggered into a new long position. The NASDAQ is quickly arriving at the important ceiling level that I mentioned last weekend. This approximate level of about 2,215 represents an important resistance point. If the NASDAQ can close decisively above this level in the coming week, it should trigger a powerful, new, bullish breakout. However, if the NASDAQ continues to stall below 2,215 for much longer, a new, powerful move down could easily begin. In the coming week, we'll have our eye on the Mars line. We'll remain long until the Mars line turns downward. A new short position would only be triggered if NASDAQ price moves below the Uranus line. This should be a very interesting new week!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- December 13, 2009
NASDAQ NEXT WEEK -- December 13, 2009 -- LONG
The NASDAQ has been trying hard to push upward into a bullish breakout for weeks now. So far, it has not been able to. My opinion is that the NASDAQ is getting into very dangerous territory with a potential, bearish, triple (or quadruple) top formation. This could lead to a huge plunge in the near future. I expect to see our current long position exited in the coming week. Our exit signal will come when the Mars line turns downward. With a little luck, we may even see a few dollars of profit, but probably not much more than that. The level around 2,215, give or take a few, is basically the ceiling right now. If the NASDAQ can not push well above that level soon, we could be in for a big slide down. Our strategy will be to exit when the Mars line turns downward and the enter a new short position if NASDAQ price can close below the Uranus line. Other than that, we'll continue to hold on to our current long position.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- December 6, 2009
NASDAQ NEXT WEEK -- November 6, 2009 -- LONG
Dagnabit! We've now had two nasty little losses in a row. I hate it when that happens. Fortunately, we had a great string of substantial profits before this, so we are still heavily in the green (black). Looking at our Jupiter indicator this weekend, I see a bearish divergence with price in the works and possible cycle top approaching soon. In addition, price is at a nearly perfect, bearish, double top formation right now. When you add all of these elements together, I would give odds greater than 66% that the markets are ready to see a bearish week or two coming right up. Of course, it is our indicators and Trading System that will determine our entries and exits, not my opinion or thoughts.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- November 29, 2009
NASDAQ NEXT WEEK -- November 29, 2009 -- SHORT
OUCH!!! We finally took our first hit in many months. We lost 36 on Friday as the NASDAQ opened back up crashing after the Thanksgiving Day break. A new short position was also triggered immediately after. Please see the price chart above for the details. This coming week, we'll be watching the "all-important" Mars line for our next exit signal. When it turns upward, we'll be out of the short position. Hopefully, that won't be for a few days or so and we'll be able to bank a profit when it happens.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- November 15, 2009
NASDAQ NEXT WEEK -- November 15, 2009 -- LONG
NASDAQ price action greatly improved the paper profits of our open, long position. Just have a look at the price chart above for a nice visual. That said, it sure looks like a top is coming soon! This coming week we'll be watching for the Mars line to turn downward. When it does, that is our exit signal and we'll be banking another great profit. This coming week I'll be watching for a new move down. My opinion is that it will be a substantial move down and may well last until the beginning of the new year. Of course, I don't even pay much attention to my own opinions anymore. Instead, I just follow our Uranus line and Mars line for all of my trading signals.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- November 8, 2009
NASDAQ NEXT WEEK -- November 8, 2009 -- LONG
Thursday's price action was enough to exit us from our short position and then trigger a new, long position. The exit from our short allowed us to bank a very healthy profit of 62!!! Just look at the back-to-back profits that we have been achieving with our robust and successful Trading System. It will be most interesting to see the duration of our new long position. I am expecting to see the NASDAQ rise just far enough to complete the right shoulder of a bearish "Head and Shoulders" formation. The general target area is around 2,150, give or take about 25. After that, I would not be surprised to see NASDAQ price fall substantially right into the beginning of January. All that said, the most important thing for us to stay focused on is following our two main indicators, wherever they may take us.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- November 1, 2009
NASDAQ NEXT WEEK -- November 1, 2009 -- SHORT
Sure enough, last Monday our new entry signal came along. It was a short entry signal as NASDAQ price moved below the "all important" Uranus line. Please see the red entry arrow on the price chart above. We entered near the close of the day. The remainder of the week cooperated nicely with our short position. NASDAQ price fell quite dramatically, especially on Wednesday and Friday. This weekend we are sitting on a very nice paper profit. When will we be able to convert our paper profit into a banked profit? We will take profits when the Mars line turns back upward. Until then, we will simply ride the downward trend as long as it continues.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- October 25, 2009
NASDAQ NEXT WEEK -- October 25, 2009 -- STANDBY
This last week, we received an exit signal from our long position as the Mars line finally turned downward. Upon our exit, we were able to bank a great profit of 45! Please see the price chart above for the trading signal details. We're on Standby this weekend as we wait to see a new entry signal appear. We'll be watching for one of two things to happen. Either, 1) the Mars line will turn back upwards signaling a new long entry, or, 2) NASDAQ price will pass below the Uranus line, signaling a new short entry. Until we see one of those two conditions appear, we'll remain Standing-by while taking a brief rest.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- October 18, 2009
NASDAQ NEXT WEEK -- October 18, 2009 -- LONG
We hoped for a little more bullish price action last week and we got it! Our long position is working out very well for us. When the Mars line finally turns downward giving us the exit signal, we will be able to bank a very nice profit for our efforts. And that's exactly what we'll be watching for this coming week, a direction reversal of the Mars line; nothing more and nothing less. Since the light blue Jupiter line looks like it may be close to a top, we'll be watching closely.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- October 11, 2009
NASDAQ NEXT WEEK -- October 11, 2009 -- LONG
Our previous short position came to an end last Tuesday. We were able to bank a profit of 16 upon our exit. Not bad for a counter-trend move. On Wednesday we were triggered into a new, long position as NASDAQ price moved above the "all-important" Uranus line. Please see the chart above. So far, the position seems to be working out well. As always, we'll watch the Mars line for our exit signal. When it turns downward, we're out. Let hope for a little more bullish price action before that happens!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- October 4, 2009
NASDAQ NEXT WEEK -- October 4, 2009 -- SHORT
It was a bearish week. Our current short position is piling up the paper profits. I love it when the sailing is so smooth. This next week, we'll be watching for more of the same. So far, there are no indications of a possible bottom coming anytime soon. Our exit signal will come when the Mars line turns upward.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- September 27, 2009
NASDAQ NEXT WEEK -- September 27, 2009 -- SHORT
ANOTHER HUGE HOME RUN !!!
Last weekend we said that we would be looking for our exit this week. It came on Thursday and allowed us to bank a ridiculously huge profit of 123! And then as the NASDAQ dropped even further on Friday, a new short entry signal was triggered as priced moved below the Uranus line. Please see the price chart above for all of the fine details. This coming week we'll hope to ride this bear down even more and keep adding to our paper profits. Our exit signal will come when the Mars line pivots upward. Can you imagine having Trading Rules that are any simpler than that?
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- September 20, 2009
NASDAQ NEXT WEEK -- September 20, 2009 -- LONG
The exit from our current long position that we were watching for this last week never materialized. Quite to the contrary, as the NASDAQ continued to soar, our paper profits grew and grew. Just look at our price chart this weekend to see for yourself. This coming week we'll continue to look for an exit signal. That signal will finally come when the Mars line pivots downward. Our Trading Rules and Trading System are so simple, yet provide us with amazing net profits very consistently.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- September 13, 2009
NASDAQ NEXT WEEK -- September 13, 2009 -- LONG
It was a great and short trading week. We simply sat back and watched our paper profits pile up as our long position climbed and grew. As you can see on the light blue Jupiter line this weekend, it appears that a price cycle peak may be arriving soon. The yellow momentum line is nearly crossing below the zero line too. These facts give us a "heads up" alert to be ready for our exit this coming week. The exit signal will come when the Mars line finally turns downward. At that point, we'll be banking a substantial profit from this strong move up.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- September 6, 2009
NASDAQ NEXT WEEK -- September 6, 2009 -- LONG
We were able to complete 2 profitable trades last week for a total profit of 61. Friday's dazzling price action triggered us into a new long position which we held over the long weekend. Our work is now very simple for the remainder of this current position. We'll simply keep our eye on the Mars line. When it pivots downward, we'll exit. You may have noticed, we have a new, multi-color Mars line to work with now. The algorithm has been improved and it is even faster while maintaining all of its smoothness. We're more competitive than ever...
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- August 30, 2009
NASDAQ NEXT WEEK -- August 30, 2009 -- LONG
Our long position lasted the entire week, but only barely. Thursday looked bleak for quite a while but finally pulled through by the close. The light blue Jupiter line tells us to be watchful that the NASDAQ may be at a cycle top this weekend. An exit from our long position could be triggered at any time now. The yellow momentum line has already crossed below the zero line. The nail will be put in the coffin when the pink Mars line pivots downward. This coming week, we'll be light on our feet and ready for anything. If that pink Mars line does not pivot downward, we'll simply remain in the long position. A new short position would only be triggered if and when NASDAQ price moves and closes below the multi-color Uranus line.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- August 23, 2009
NASDAQ NEXT WEEK -- August 23, 2009 -- LONG
For the first time in a very long time, we took two nasty hits this last week. The sideways waves were just large enough to trick our Trading System and trigger these losses. If the waves had been just a little smaller or a little larger, our losses would have been very small, if any. Hopefully, our current long position this weekend will more than make up for our losses of this last week. As you can see on our price chart this weekend, the light blue Jupiter line appears to be just beginning a new cycle move up. According to our "Trend/Trading Range Detector, the NASDAQ has re-entered an uptrend condition. We'll hang with this long position now until the pink Mars line turns downward. We hope that is a week or two away!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- August 16, 2009
NASDAQ NEXT WEEK -- August 16, 2009 -- LONG
This last week, the NASDAQ went sideways on us. That is pretty much never a good thing! As a result, a losing short position was triggered briefly on Tuesday and stopped out on Wednesday. We lost 14 on the transaction. Then, a few minutes after the exit from the short, a new long position entry was triggered as the pink Mars line turned back upward. However, Friday's price action was disappointing and the long position was nearly stopped out for another small loss, but not quite. Here is our strategy for the coming week... We'll remain in our long position as long as the pink, Mars line continues to rise. If the Mars line turns and remains downward right near the close on any given trading day, we'll exit immediately.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- August 9, 2009
NASDAQ NEXT WEEK -- August 9, 2009 -- STANDBY
That was a whopper of a profit! Can you believe it? The NASDAQ certainly was cooperative for that run. We banked a huge profit of 173! Our pink Mars line was responsible for keeping us in the trend for all of these weeks. Just look at its performance and reliability. If you are not already a subscriber to my FREE, NASDAQ TODAY newsletter, you should subscribe right away to be able to watch how this Mars line performs for us on the 90-minute price bars each day. It is simply awesomely profitable. We received our exit signal on Thursday afternoon as our Mars line finally pivoted downward. This weekend, we are on Standby. Here is our current strategy according to the Trading Rules... We'll be on Standby until one of two things happens now: 1. We'll enter short if NASDAQ price closes any day below the multi-color Uranus line, or, 2. We'll re-enter a new long position if the pink Mars line reverses back upward. It's just that simple!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- July 26, 2009
NASDAQ NEXT WEEK -- July 26, 2009 -- LONG
As you can see on our price chart this weekend, we are still in our long position. So far, we have achieved a paper profit of more than 175. Of course, the whole idea this coming week will be to turn that paper profit into a banked, real one. Since the NASDAQ is in a firm "uptrend" condition, our Trading Rules state that our exit signal will come when price moves down enough to cause the pink Mars line to turn downward. Until then, we will wait and watch.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- July 19, 2009
NASDAQ NEXT WEEK -- July 19, 2009 -- LONG
We are well on our way to making yet another gigantic profit with our current long position on the NASDAQ. We entered this new position on Monday right near the close as NASDAQ price moved up above our multi-color Uranus line. It appears that this strong move up may be coming to an end early on in the week however, as the light blue Jupiter line seems to be quickly arriving near its peak. When the yellow momentum line crosses below the zero line, we'll be on high alert for our exit and profit taking. As always, our actual exit signal from this uptrend will come when the pink Mars line pivots downward. Get ready to bank some healthy profits this week!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- July 5, 2009
NASDAQ NEXT WEEK -- July 5, 2009 -- Short
We were able to exit our long position on Thursday near the open for a nice little proft of 9. This happened as all 3 main indicators turned downward. And then, soon after the open on Thursday, a new short entry was triggered as NASDAQ price moved decisively below the multi-color Uranus line. We have remained in this short position over the long, holiday weekend. The new week looks as if it should bring more, substantial bear price action. As you can see on the price chart this weekend, the light blue Jupiter line has just topped and it looks as if it has plenty of room to move much lower now. A bearish week would certaily bring a healthy profit to our current short position. Let's watch those paper profits build as the week progresses!
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- June 21, 2009
NASDAQ NEXT WEEK -- June 21, 2009 -- Standby
We did it! We banked an outrageous profit of 106 on Monday as the NASDAQ fell enough to finally trigger an exit signal from our long-lasting and amazingly profitable, long position. Unfortunately, as the NASDAQ fell on Monday, it fell enough to also trigger a new short entry. That short position lasted the entire week. But, in the end, we suffered a small loss on Friday as the NASDAQ began to rise again, triggering our unprofitable exit. This weeeknd we sit on Standby. We'll be waiting to see the light blue Jupiter line turn upward in the new week. If it does turn upward, we'll enter a brand new long position and expect a new, bullish leg up for the coming week.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- June 14, 2009
NASDAQ NEXT WEEK -- June 14, 2009 -- LONG
This weekend, the bull rampage rages on. There was no exit signal from our current long position this last week. As you may remember, I was totally expecting to see an exit. As you can see in subgraph three of my price chart, the yellow signal line on the Trading Range/Trend Detector indicator is well above the 2 gray, horizontal lines. According to our Trading Rules, this "bull trend" indication means that we will only exit from our long position when the pink, Mars line turns downward. This coming week I am still expecting to see an exit signal as described above. If that exit signal does not appear, we'll remain long and continue to pile up even more paper profits.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- June 7, 2009
NASDAQ NEXT WEEK -- June 7, 2009 -- LONG
Do you remember last weekend how I went on and on about being ready for an upcoming, significant NASDAQ price move? Guess what? It happened just as expected. Further, we were already positioned perfectly last weekend to be on board for the big ride. The NASDAQ had a strong bullish week and our current long position already shows a paper profit in excess of 120!!! We are in the process of making yet another killing. That said, just look at our light-blue Jupiter indicator this weekend. It is showing all of the classic signs of an upcoming top. It is looking like we may be able to exit our current long position early in the coming week. That would happen when the pink Mars line moves downward. We should be able to bank a small fortune when the exit signal comes. After our profitable exit this coming week, we'll begin looking for a possible new, short opportunity. That would only happen if we see NASDAQ price close below our multi-color Uranus line.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- May 31, 2009
NASDAQ NEXT WEEK -- May 31, 2009 -- LONG
The NASDAQ sits poised for an eventful coming week. This weekend we see a pretty amazing potential "topping formation" on the price chart. Friday's close landed at nearly the exact same level as we have seen on three previous occasions in less than a month. What does this mean? It means that we are just about ready to see fireworks. If you are a trader, you should be ready for action. Will it break out above or will it come crashing down? You know, even after spending several hours analyzing things with my best tools, I'm still not really sure whether it is the bull or the bear that is about to take control. I see good arguments for both sides. That said, do you want to know a secret? It doesn't even matter which way it will go. All we have to do is recognize that an important price move is eminent and then be ready to jump in as soon as the price move begins. Are you ready for action this week?
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- May 17, 2009
NASDAQ NEXT WEEK -- May 17, 2009 -- SHORT
A new short position was triggered this last week as the NASDAQ slipped down below the multi-color Uranus line, causing it to turn red. Is this the beginning of a new trend down, or simply a small correction in a bull market? I'll give you my opinion in a minute. First, please take a look at this weekend's yellow, Jupiter momentum line. See how it has bottomed and is now moving upward toward the zero line? Very often, when this momentum line crosses the zero line, the price cycle has completed and a price reversal is in progress. I believe we will see a NASDAQ price bottom confirmed this coming week. I think we will see a new move up with all of the U.S. equity markets. I'll feel lucky if I can exit my short with a profit and I feel it is likely that a new long position will be triggered this coming week. If I am wrong and the NASDAQ continues bearish, I'll hold my current short position with a smile on my face.
A few weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- May 10, 2009
NASDAQ NEXT WEEK -- May 10, 2009 -- STANDBY
Our recent long position finally came to an end as the pink Mars line turned downward. We were able to bank 65 beautiful points of profit upon the exit. No new short position was triggered, however, because our multi-color (green right now) Uranus line was never breached. Uranus continues as "support" so far. In the possible event of NASDAQ price moving below the Uranus line, we would enter a new short. We are now on Standby, awaiting our next trading signal. We're diligently watching for the pink Mars line to come into alignment with the Uranus line. As soon as we see this "indicator agreement", we'll be on board. A couple of weeks ago I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- May 3, 2009
NASDAQ NEXT WEEK -- May 3, 2009 -- LONG
Our ongoing long position is beginning to look a bit profitable. The bull just keeps on running. Here is my view of the analysis this weekend. As you can see on the price chart, the lower yellow line, or, the Trend/Trading Range Detector, clearly shows an uptrend. In other words, the yellow line is well above the double gray horizontal lines called the Trading Range zone. When the market presents a Trending condition such as this, we only pay attention to the pink Mars line and the multi-color (green right now) Uranus line. Both of those lines continue to rise, and thus, we will remain in our long position until one of the two lines turns downward. To me, the current bull condition seems to indicate that neither the swine flu, nor the current economic difficulties will lead to any significant disasters any time real soon. The market is ALWAYS smarter than the news media! Keep smiling. Last week, I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- April 26, 2009
NASDAQ NEXT WEEK -- April 26, 2009 -- LONG
The NASDAQ Bull Machine rolls on. This is becoming pretty amazing! Friday was a bull break out, and so far, there is no telling how far this move could go. I was sucked into a small, losing, short position this last week as you can see on my price chart. But that was over quickly and then almost immediately after, a new long position was triggered as my pink Mars line turned back upward again. Even though we are back on the big bull gravy train again, I'm keeping a careful watch because I just don't trust it. I'm an advocate of the good old law of gravity and what goes up, must come down. Oh yes, all looks bullish and rosy for the moment, but let's not get complacent! The hammer could fall at any time. Yesterday, I posted a new web page with some of my Secret, astronomical indicators for sale for the first time ever! You may want to have a look at this page just for fun, if not for the incredibly profitable Market Trading Secret that is revealed there. Click here to see these amazing indicators at work! If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- April 19, 2009
NASDAQ NEXT WEEK -- April 19, 2009 -- LONG
So far, the bear has not shown up yet. The NASDAQ just keeps going up and up. The long position that I reluctantly entered last week is actually making money, at least on paper. So, where will we find the top to this major uptrend? I'm not really sure and, further, it doesn't even matter. As long as we follow our Trading Rules, we should be just fine. According to our Trading Rules, being in an uptrend as we are, we will only exit from this long position when our pink Mars line turns downward. It is just that simple. If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- April 12, 2009
NASDAQ NEXT WEEK -- April 12, 2009 -- LONG
"What?", I can hear you saying, "You said you were bearish last weekend and now you are in a new long position Stan. What's up with that?" Yes, I know, I know. I actually don't want to be in a new long position this weekend, but my Trading System made me do it. And what I really feel bad about this weekend is that I got stopped out for a small loss of 13 points on my most recent long position. Please see my chart above for the details. When will that much expected bear really come along? Or won't he? Here's the deal... The NASDAQ is in a trending condition right now. It is rather difficult to predict exactly when that trend will finally end. However, all indications are that it shouldn't last much longer. This week I'll maintain a very watchful eye as I still am expecting to see a top put in soon. I even suspect that my current long position will be stopped out once again for yet another small loss before the end of the week. Still watching for the bear... If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- March 29, 2009
NASDAQ NEXT WEEK -- March 29, 2009 -- STANDBY
Wow!!! Yet another killer profit!!! We did it again, thanks to the beautiful, smooth, prolonged climb of the NASDAQ. We were able to bank 188 points of NASDAQ profit upon our exit on Friday afternoon. You can clearly see the exit signal on my price chart above as mu light blue Jupiter line finally turned downward. What's next? I'm expecting some down time coming up this next week. This bullish climb has been astronomical and now it should be time to cool down for a while. We will begin looking for a new short entry opportunity when the NASDAQ falls enough to pass below my multi-color Uranus line. That would occur right around the 1,500 level or so. If the NASDAQ does not want to cooperate with my forecast, we would re-enter a new long position if and when the light blue Jupiter line turns upward again. If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, ACHIEVE ASTRONOMICAL MARKET WEALTH in 2009! is now available for you! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- March 22, 2009
NASDAQ NEXT WEEK -- March 22, 2009 -- LONG
Our current long position increased in value quite nicely until Friday when the NASDAQ took a bit of a turn down. We still do not have an exit signal, but it looks like it could come very soon. As you can see on my price chart above, the light blue Jupiter line in nearly turning downward. When it does turn down, we'll be out in a flash with a nice profit in the bank. This could even happen on Monday. All indications are that we should likely be expecting a bearish week. The price cycle seems to be quite topped out and ready to move down now. A new short entry signal would be triggered if and when NASDAQ price moves below the multi-color Uranus line. If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- March 15, 2009
NASDAQ NEXT WEEK -- March 15, 2009 -- LONG
I AM ASTOUNDED! What an amazing week it was! On Tuesday, the exit signal finally arrived after nearly four weeks in our short position. We banked an outrageous profit of 173 points upon our exit. Please see my chart above for the entry and exit details. And then, to top it all off, we were triggered into a new long position on Wednesday as NASDAQ price broke above our Uranus line. After our new long entry, NASDAQ price carried through nicely with some very strong upward momentum. What's next? It will be most interesting to see if this bull rally is simply a small, upward correction in a bear market, or if things have really changed fundamentally and will now continue skyward. Our exit from this new, long position will be triggered when either the light blue Jupiter line or the pink Mars line turns downward. That could happen early in the new week, or it could delay a while. This is where our attention will be focused during the coming week. Come join us at NASDAQ TODAY for a FREE daily analysis of how this scenario is evolving. If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- March 8, 2009
NASDAQ NEXT WEEK -- March 8, 2009 -- SHORT
WOW! So far, we have piled up 194 points of paper, NASDAQ profits on this move down! And we are still in the position after nearly 3 weeks! This is one of the most profitable moves I have ever seen in my trading life. And if you think that is impressive, you should see how subscribers to NASDAQ TODAY and NASDAQ LIVE! are profiting everyday! Those results are even more outrageous! If you are not already a subscriber, please check it out immediately so that you can enjoy the same financial success and grow your trading account by leaps and bounds this coming week! Please excuse my enthusiasm, I'm just a little bit excited with how we are prospering and thriving; and this amongst all of the economic tough times out there. This last week, subscribers to NASDAQ LIVE! were introduced to AstroBot . AstroBot automatically generates trading signals in real-time on our 90-minute NASDAQ price chart. For those who are very busy or who do not want to pay attention to the markets during the day, AstroBot sends out automatic email alerts every time he enters and exits new positions. This unique service works equally well for traders of the S & P, DOW, RUSSELL or any other instrument that moves in sympathy. Now, you can profit everyday, simply using your cell phone anywhere in the world to receive the alerts and place your trades in a few short minutes. AstroBot averages only 1 or 2 transactions per day. If you would like to understand my unique, proprietary, technical indicators and simple trading rules better, my new FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- March 1, 2009
NASDAQ NEXT WEEK -- March 1, 2009 -- SHORT
I can hardly believe it! My yellow momentum line actually crossed above the zero line this last week and yet no exit signal ever arrived. Thursday's bearish price activity then caused my yellow momentum line to actually turn back down again and to start adding more paper profits to my "still open" short position. And now, what about that NASDAQ bottom that I was so sure would arrive this last week? You know what? Now I'm not quite so sure when to expect it anymore. Of course, I'm not complaining. This weekend I can only say that I will remain short until I get an exit signal. An exit signal will appear only when my light blue Jupiter line or my pink Mars line turns upward. It is pretty simple. This week I will be making a very important announcement to my subscribers of NASDAQ TODAY. This announcement has to do with a very major change that will be occurring with NASDAQ LIVE!, NASDAQ TODAY and NASDAQ NEXT WEEK. If you are not a subscriber to my FREE daily newsletter, NASDAQ TODAY, but you read this newsletter on the weekends, you will see something very different in next weekend's price chart. I will be introducing you to my new business partner, "AstroBot"! AstroBot is nothing short of amazing. He will now help my subscribers of NASDAQ LIVE! become very wealthy, very fast, and very easily. You really need to check this out! If you would like to understand my indicators and trading rules better, my new, FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 22, 2009
NASDAQ NEXT WEEK -- February 22, 2009 -- SHORT
When I awoke Tuesday morning to see the NASDAQ futures in such a heavy gap down, I could hardly believe my eyes. I had been expecting a bullish beginning for the new week. Obviously, my indicators triggered me into a new short position right near the open. And there isn't really much more to say about that except that I held that short position for the remainder of the week and also over the weekend. As you can see on my price chart above, this weekend my yellow momentum line appears to be preparing for a bullish zero line cross. My light blue Jupiter cycle line is beginning to bend slightly looking like it may try to make a bottom early in the week. All that said, we still might see a day or two of bearish or semi-bearish conditions as this move down tries to finally find it's bottom. I am expecting to be able to exit my short position early in the week with a nice profit and then begin looking for a new long entry opportunity when all three of my main indicators begin to move upward together. If you would like to understand my indicators and trading rules better, my new, FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 15, 2009
NASDAQ NEXT WEEK -- February 15, 2009 -- STANDBY
This last week started out very well, but then things took a turn for the worse. Please allow me to explain... Last weekend I was holding a long position. By Monday's close, it was obvious that the price cycle was at, or close to a top. I prepared myself to pull the trigger. On Tuesday, the NASDAQ began to fall. The exit signal was triggered as price dropped below Monday's low and two of my main three indicators turned downward. We banked 62 points of profit on the move! Later that same day, a new short position was triggered as the NASDAQ dropped below my multi-color Uranus line. At that point, all three of my main indicators were in agreement heading downward. And that's when things started to go bad for me. I honestly thought we were off to the races on Thursday as NASDAQ price dropped nicely. I was feeling very pleased with my short position. And then, all of a sudden, the NASDAQ did a complete turn around and began rising. By the end of the day, I found myself stopped out of my position with a 12 point loss! Not nice. I sat out on Friday as my main indicators could not move into agreement of direction. All in all, I was able to come out with a net of 50 points of profit for the week, so I really can't complain. I am looking for a return of the bull this coming week. A new long position would be triggered around 1,545 or so. If you would like to understand my indicators and trading rules better, my new, FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 8, 2009
NASDAQ NEXT WEEK -- February 8, 2009 -- LONG
Last weekend's bear outlook sure didn't last very long. By Monday's close it became apparent that the bull was returning. Tuesday afternoon brought the exit signal from my short position. Unfortunately, the profit was extremely small. Fortunately, I didn't lose any money. Tuesday afternoon also brought a new long entry signal as all three of my main indicators had turned upward before the close. The remainder of the week brought better and better news as my paper profits grew. I am holding the long position over the weekend. As you look at all of the indicators on my chart above, you will see why I am quite bullish for the coming week. I look forward to the extreme possibility of banking a healthy profit as this current price cycle finds it's top. If you would like to understand my indicators and trading rules better, my new, FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- February 1, 2009
NASDAQ NEXT WEEK -- February 1, 2009 -- SHORT
Surprisingly, to me, the NASDAQ actually tried to muster up some strength early on in the week. In fact, by the close on Tuesday, I was dragged, kicking and screaming, into a new long position as NASDAQ price moved slightly above my sacred, multi-color Uranus line putting all three of my main indicators into agreement with the bull. By Wednesday's close, I was beginning to fall in love with my new long position and my paper profits. By the way, when you fall in love with your position, the end is almost always near. I should have known. Sure enough, Thursday started off bad and then got worse. As NASDAQ price moved down just beyond my multi-color line and below the previous price bar's low, I exited my long position for a zero gain. Please see my price chart above. By Friday morning, my other two main indicators fell into agreement with the bear and I was triggered into a new short position which I am holding over the weekend. What's coming next??? This weekend, I see bears everywhere I look. I believe that my current short position will grow into a very strong profit before this move down is over. If you would like to understand my indicators and trading rules better, my new, FREE, web-based, mini e-book, Achieve Astronomical Market Wealth in 2009! is now available for you. Simply go to item #5 on the list above and click on the link to grab your password. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 25, 2009
NASDAQ NEXT WEEK -- January 25, 2009 -- STANDBY
The NASDAQ just couldn't muster up any positive energy this last week. The weakness started right off on Monday at the open. My main three indicators turned downward at that point and I entered a new short position. My short position lasted all week until Friday afternoon. At that point, there was just enough, slight, upward price movement to cause my light blue cycle line to turn upward and thus exit me from my short position. I was able to bank a small profit of 28 points for the week. For me, this coming week shows no signs of improvement. My indicators are looking bearish this weekend. And this bearish appearance looks as if it could easily take the NASDAQ right back down to the price range of 1,300 to 1,400 in February. If I am correct in my outlook, we may have a very nice profit opportunity beginning very soon. This coming week I will be watching very carefully for a new short entry opportunity. If I am wrong, NASDAQ price would need to penetrate above my multi-color Uranus line at around 1,525 or so. However, I believe the odds greatly favor the bear. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 18, 2009
NASDAQ NEXT WEEK -- January 18, 2009 -- STANDBY
Instead of only "a day or two more of downward price action", as I wrote last weekend, we actually saw three days. On Thursday, the momentum finally reversed and we saw the NASDAQ begin to rise. I exited my short position on Friday as my light blue Jupiter line turned upward as seen on my chart above. I was able to bank 56 points of profit upon my exit. The rise near the end of the week was not enough to move NASDAQ price above my multi-color Uranus line and thus trigger a new long entry. So, I am on Standby this weekend. This weekend we see my yellow momentum line in a bullish divergence with price while my light blue line is showing a possible bottom. This all means that we should see a price rise this coming week that is enough to move above my multi-color line and take us into a new long position. As always, the multi-color line represent a zone of high resistance. So, if there is a rise above it, we should see a burst of high-energy price action upward. If there is no upward penetration of that line after a good attempt or two, we would likely see a strong move down. I vote for the bullish scenario this coming week. That said, after the next price cycle top (within a week or less), I then expect to see some serious weakness and bearish price activity for possibly several weeks! If that view is correct, we could easily see NASDAQ price move back down to the 1,300 - 1,400 range. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my FREE, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking right here... Trade Well - Let's Make Some Money, Stan
NASDAQ daily price chart -- January 11, 2009
NASDAQ NEXT WEEK -- January 11, 2009 -- SHORT
My recent long position worked out quite well as you can see on my price chart above. I was exited from my position when 2 of my main 3 indicators turned downward. I was able to bank 78 points of NASDAQ profit upon my exit. I apologize for not posting a red arrow near Friday's close. As the NASDAQ passed down below my multi-color Uranus line, I was taken into a new, short position which I am holding this weekend. This coming week I expect a day or two more of downward price action. However, I see my yellow momentum line already beginning to bend a little. As this momentum line bottoms, we should see NASDAQ price reach a bottom soon after. As long as the approaching bottom remains higher than the previous bottom, I expect a good, profitable, new long entry this coming week. That said, please read on... For me, the jury is still out about the bottom that we saw in November being a long-term bottom. Is this already the beginning of a new bull market or are we approaching the end of a short-term corrective move up? If we are truly approaching the edge of the cliff again soon, it would be wise to remain aware that any price move down, could quickly turn into an avalanche. From a trader's perspective, we always make money much easier and faster in a bear market than in a bull market. There is one other very possible scenario to consider. Very often at major market tops and bottoms, we see a retracement back to the original top or bottom level. These formations are called double tops and double bottoms. Sometimes we even see a triple. It is entirely possible that we will see the NASDAQ fall back down to around 1,300 before the real bull market kicks in. It will be interesting to see which scenario finally plays out. I'll be following the developing action with you right here every weekend. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- January 4, 2009
NASDAQ NEXT WEEK -- January 4, 2009 -- LONG
Happy New Year! Thanks for being a reader of NASDAQ NEXT WEEK! I wish you an extremely profitable 2009. My goal is to help you achieve Astronomical Market Wealth this year. As I wrote last weekend, I was expecting to see the NASDAQ rise during the week. I was afraid of being stopped out for a small loss in the process. Fortunately, the NASDAQ behaved as a sluggish drunk this last week, allowing me to exit from my short position without a loss. That expected price rise came along on Tuesday which triggered a new, long position. Please see my price chart above. Wednesday added nicely to my paper profits. I decided to hold the position over the New Year holiday. I do expect to enjoy a profit from my current position before this price cycle tops out. However, 1,600 is an extremely powerful resistance level and I will be amazed if the NASDAQ can break out above this level in a convincing manner. The rubber is about to meet the road this coming week. The NASDAQ is soon arriving at a crossroads. We will either see a super, high-energy, upward, breakout, price penetration through 1,600, or we will see the NASDAQ hit the wall and fall hard. Either scenario can be very profitable. If I had to guess, I would think that it is the bearish scenario that will win out. Watch carefully as we approach 1,600! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- December 28, 2008
NASDAQ NEXT WEEK -- December 28, 2008 -- SHORT
As expected last weekend, the NASDAQ moved lower during the week. It wasn't as strong a bearish move overall as I had thought, but it was enough to trigger a new short entry on Monday afternoon. I was quite sure that I was in for a great profit opportunity soon after my entry. However, as the week progressed, my big bearish dreams just didn't pan out well. The NASDAQ simply moved sideways for the remainder of the week. And by Friday, I watched NASDAQ price momentum actually bottom and begin to move up (please see the yellow momentum line on my chart above). I held my short position over the weekend. However, now I am quite convinced that I will be stopped out for a small loss early this coming week. I see a bullish divergence occurring with my yellow momentum line while my light blue cycle line seems to be wanting to bottom out soon. If I am correct with my possible bullish scenario, I would expect to see a new move up coming soon that should be good for a decent little profit before the next price peak. Obviously, if NASDAQ price does not move up this week, I'll simply ride out my current short position... If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- December 21, 2008
NASDAQ NEXT WEEK -- December 21, 2008 -- STANDBY
This last week began bullish as anticipated last weekend. It was enough to trigger a new long entry on Tuesday morning. Please see my price chart above. However, this initial bullish momentum soon fizzled out. By Thursday, my light blue cycle line moved downward, triggering the exit from my long position. I was only able to bank 16 points of NASDAQ profit. This was disappointing. Unfortunately (or fortunately, depending on your point of view), I'm not feeling quite so bullish this weekend. In fact, my indicators are screaming at me of a possible, impending move down. I see bearish divergences everywhere I look. I don't often state my opinion quite as strongly as I am this weekend. And yes, obviously, I could be wrong, as I have been many times in the past. But I wouldn't be being very honest with you if I didn't say, "Get ready for a nice shorting opportunity for most or all of this coming week!" I honestly believe we'll see the bear come crashing out of the woods on Monday. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- December 14, 2008
NASDAQ NEXT WEEK -- December 14, 2008 -- STANDBY
This last week was certainly better than the previous. NASDAQ price action was more stable and predictable. My long position from last weekend was exited on Thursday with a nice 56 point profit. Please see my price chart above for the exit details. This weekend we can see that Friday's price bar is working on an upward penetration through my multi-color Uranus line. This looks potentially bullish for the coming week. However, my other two main indicators have yet to turn upward which would be the new long entry trigger. One other observation that is potentially bullish is that my light blue Jupiter cycle line is flashing double bullish continuation signals. This means that the rising indicator bottoms are more extreme than the rising price bottoms. My opinion is that we should see a bullish momentum early this coming week. This bullish momentum could last for the entire week. As the weeks pass by, it is looking more and more like the U.S. equity markets may well be on the rising side of a major bottom that occurred on November 21st. A little more time will tell for sure. Meanwhile, my outlook for the coming three months is quite bullish. I'll be updating this possible bullish scenario each morning before the open in my free NASDAQ TODAY newsletter. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- December 7, 2008
NASDAQ NEXT WEEK -- December 7, 2008 -- LONG
I must say, I haven't been beaten up and yanked around like this last week for a very long time. The sideways price action took more out of my trading account than was put in. I hate it when that happens. As you can see on my price chart above, I had to go to a lot of work to shrink my account. I will feel lucky to get out of my current long position with a small profit this week. I see a bearish divergence setting up on my yellow momentum line this weekend. My light blue cycle line appears to be coming close to a cycle high as well. So, I hope to see a little bullish action early this week and then I am expecting a rather serious move down for the remainder of the week and possibly even more. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- November 30, 2008
NASDAQ NEXT WEEK -- November 30, 2008 -- LONG
Finally! Bullish price action finally brought an exit from my rather long-standing short position. The exit allowed me to bank a whopping 272 points of profit! And then on Wednesday, just before Thanksgiving, the NASDAQ continued to push upward, even enough to take me into a new long position as you can see on my price chart above. Friday's price action took the NASDAQ slightly higher still. This weekend I am sitting on a tiny paper profit. What I don't like is that my light blue cycle line has already come up quite a way and my yellow momentum line tells me that upward pressure is dying off. When that light blue cycle line turns downward, it will signal the exit from my new long position. All things considered, this current move up is beginning to look more like a short-term bullish correction in a big downward trend instead of a big, important bottom. We'll know very soon which is the correct scenario. For me, the ultimate proof will be whether or not the NASDAQ can remain above my multi-color moving average line that has now turned green. If this coming week is green, we are good to go up. However, if it turns red again, we return to the downward spiral. Come join me at NASDAQ TODAY to watch the action unfold each morning. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- November 23, 2008
NASDAQ NEXT WEEK -- November 23, 2008 -- SHORT
My overall bullish sentiment really took a severe beating this last week. The big bottoming formation about which I have been raving for weeks now, opened up a trap door and allowed the NASDAQ to fall down through. This really caught my attention! Fortunately, while my optimism took an extreme beating, my trading account continued to prosper. As you can see on my chart above, my main three indicators continued downward in full agreement all week long. My current short position is now nearly three weeks old!!! We are in the process of banking another gigantic profit! On Friday afternoon there was a rather noteworthy bullish reversal. The $64 question this weekend is, "Is this finally the "big" bullish reversal or simply another short-lived, correction in the big trending march downward?" Excluding the long-term forecast for now, let's look at the shorter-term... Please look at the yellow momentum line on my chart. It is reflecting a big bullish divergence and this seems to be associated with a possible cycle bottom on my light blue Jupiter cycle line. At the risk of sounding boringly bullish yet again, this particular indicator set up leaves me bullish for the coming week. That said, a new bullish market position would require a penetration above my multi-color Uranus line which would cause it to turn green. This would require NASDAQ price to rise above 1,500 or so. Let's watch and see... Many new web site features and changes are coming up here soon. Please come back often to see what I have for you that is new. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- November 16, 2008
NASDAQ NEXT WEEK -- November 16, 2008 -- SHORT
I was patient all week long as my indicators kept me in my short position which still continues in tact through this weekend. Please see my chart above. Thursday gave me some emotional trauma as I saw a lot of my accumulated paper profits slipping away. My indicators, however, forced me to stick with the position. Friday's roller coaster ride was full of emotion too. I swear, I need a rest this weekend. Fortunately, by Friday's close, my paper profits were looking healthy again. I wonder if I'll be able to bank them early in the new week. I almost feel like a hypocrite this weekend. For weeks now I've been writing about a possible bullish, bottoming formation that I think I see forming. Meanwhile, I've been making a small fortune on all of my short positions. Yes, I feel a little confused too. As I always like to point out, my indicators are way smarter than I. Thank goodness I don't trade with my "good" judgment. So what gives? Are the U.S. equity markets finally going to make a huge move up or will we tumble into the ditch soon? If you look at my daily bar price chart above this weekend, you see something truly amazing. This is one, huge, fat, triple bottom that we are looking at. And it is nearly perfect with the way the bottoms line up. Further, my light blue Jupiter cycle line is doing a double bullish divergence on the triple bottom of the daily bars!!! Statistically, and from what I have seen over the years, this is almost a no-brainer. If the markets do not take off like a rocket ship over the next two weeks, I'll eat my laptop. If the markets do crash, it will rival some of the biggest crashes that we have ever seen. That said, I am voting bullish... Many new web site features and changes are coming up here soon. Please come back often to see what I have for you that is new. Have a good weekend and a profitable new week! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- November 9, 2008
NASDAQ NEXT WEEK -- November 9, 2008 -- SHORT
The exit from my recent long position came on Wednesday as NASDAQ price slipped below Tuesday's low. This move down on Wednesday caused my pink Mars line to turn downward, thus triggering the exit. I was able to bank 99 NASDAQ points upon my exit. Next came a new short entry soon afterwards. I am carrying this short position over the weekend as all three of my primary indicators are still headed downward. I am looking for an exit from this short position to likely occur very early in the new week as NASDAQ price possibly stabilizes and resumes its general move upward. At the risk of sounding bullish, I think I am seeing some sort of a loose, reverse, bullish, head and shoulders formation this weekend on my NASDAQ chart. If this is true, it would signal a significant move up for all of the U.S. equity markets over the coming weeks. I've been writing about a bullish bottoming formation for weeks now. And it looks like now, more than ever before, this could finally be the case. That said, obviously, I won't be betting the farm yet until I see some signs of confirmation. For me, that final confirmation would be a decisive move above 1,900. Many new web site features and changes are coming up here soon. Please come back often to see what I have for you that is new. Have a good weekend and a profitable new week! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- November 2, 2008
NASDAQ NEXT WEEK -- November 2, 2008 -- LONG
The exit from my short position came on Tuesday. Tuesday was the magic day that U.S. equity markets finally reversed their downward momentum for a change. The upward move caused two of my main indicators to turn up, giving the exit signal. My exit allowed me to bank 97 points of profit. Please see my transaction arrows on the chart above. Further bullish price action on Wednesday provided a new long entry signal. The week finished off quite bullish, already showing a nice little paper profit on the new long position. I am expecting more bullish price action in the coming week. As you can see on my price chart above, my light blue cycle line is in a very strong bullish divergence with price. Further, NASDAQ price has now penetrated above my multi-color Uranus line, causing it to turn green. As long as NASDAQ price remains above this line, it is a strongly bullish indication. Here's to the new bull... However, before I can really get convinced that markets have truly reversed upward, I'll need to see an upward penetration of around 1,900. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here...
You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
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NASDAQ daily price chart -- October 26, 2008
NASDAQ NEXT WEEK -- October 26, 2008 -- SHORT
And I was expecting a bullish week this last week. Mmmm... Thank goodness my loyal indicator suite is smarter than I am. I actually entered a new short position on Wednesday as the NASDAQ gapped down. Please see the red arrow plotted on the chart above. Fortunately, the NASDAQ cooperated for the remainder of the week and left me with a nice paper profit at Friday's close. Now, of course, the big question is, "Will I be able to get to the bank with my paper profits in tact?" If this potentially bullish triple bottom price formation is ever going to hold and actually start a big new bull rally, it better get real busy, real fast. The way I see it this weekend, the NASDAQ is hanging on the very edge of a huge cliff right now. We are about to fall into the dark abyss unless help shows up right away. I am still bullish. My finger is on the trigger to exit my short position in a flash on Monday if things go the way I think they will. If we don't see the bull appear early this week, I'll be prepared to hold my short position all the way down to that hot place down below. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
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NASDAQ daily price chart -- October 19, 2008
NASDAQ NEXT WEEK -- October 19, 2008 -- STANDBY
Finally! I was finally able to exit my short position and bank my profits on Monday. The 11-day short position paid off 413 points of NASDAQ profit! Awesome. Then, as you can see on the price chart above, I spent the rest of the week on Standby. As my multi-color Uranus line continued red and downward, my light blue Jupiter cycle line moved continuously upward. Disharmony among these indicators means to just Standby and usually produces the result of a sideways market. This weekend we have a pretty amazing, low-risk opportunity to prepare for a new, long entry. Just take a look at that beautiful, bullish, double bottom price formation. Wow, that's a beauty. And each of the two low price bars are accompanied by green Saturn dots and also complete, bullish Pluto triangle points in the third subgraph. And to really top things off, look at the outrageous bullish divergence between my light blue cycle line and price action. This NASDAQ chart is screaming to take a heavy run up this coming week. The conservative trader would wait to enter long until the NASDAQ breaks above 1,897 as a confirmation level. I'll enter my new long position when price breaks above my multi-color Uranus line causing it to turn green. That should be at approximately 1,793 or so. Could I possibly be wrong about an upcoming bullish week? Oh it is absolutely possible. But I'll be willing to take my risk the moment I see Uranus turn green! If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- October 5, 2008
NASDAQ NEXT WEEK -- October 5, 2008 -- SHORT
Wow! Yet another major down week! I've been in this current short position for 2 whole weeks now and have built up a paper profit of 506 points so far!!! I can't remember anything quite so dramatic in the 4-year history of this newsletter. The big buzz on the street is that we may have finally hit the floor and will begin to climb now. I don't know. I suppose it is possible. I would love nothing more than to bank my profit on Monday morning and then begin looking for a new long entry. The only real issue that concerns me this weekend is if the government will allow the free-trading equity markets to continue functioning freely. I am deeply concerned and appalled by the extreme ineptness and dishonesty that have allowed the current financial situation to come this far. Fortunately, I saw it all coming two years ago and took the necessary steps so as not be affected by it. Every morning this coming week I will be tracking the NASDAQ to see if we have indeed hit the bottom or not. Please subscribe to my NASDAQ TODAY newsletter to keep up with what my indicators are telling us each morning. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- October 5, 2008
NASDAQ NEXT WEEK -- October 5, 2008 -- SHORT
Boy, was I ever wrong! Last weekend I wrote that I would be diligently searching for a new long entry opportunity during the week. Fortunately, I also mentioned that if the mud hit the fan, I would simply follow my indicators for the slide down. Did the NASDAQ ever slide! Monday's open caused my main indicators to point down. I took the signal and entered short at 2,147. By Friday's close, there was still no exit signal so I decided to hold my position over the weekend. Please refer to my chart and indicators above. Obviously, I am hoping for just a little more down action before my exit signal arrives. I'll likely be looking for an exit from my short position by Tuesday or Wednesday, if not sooner. The big question for me will be if that exit will represent only a brief rest before another slide down or if it will be any kind of a significant bull reversal. If you would like to know the answer to that question in real time as it happens, please come visit me at NASDAQ TODAY with a free subscription (see below). If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- September 28, 2008
NASDAQ NEXT WEEK -- September 28, 2008 -- STANDBY
The week started off rather rough for me. I had entered a new long position a week ago Friday on a large gap up as you can see on the price chart above. And then on Monday morning this last week, the NASDAQ decided to go into bear mode. Fortunately, I had my eyes wide open and I stopped myself out as price shot down below Friday's low. I lost 25 points in the process and you can see it marked in red on the chart. Ouch! Immediately after my long exit, I entered a new short position as all of my main indicators headed south. The bear move lasted until Thursday. I exited my short position on Thursday afternoon near the close as my light blue cycle line turned upward. I was able to bank about 60 points upon my exit and that helped to offset Monday's loss. Friday's bull came on like gangbusters but it wasn't quite enough to convince my multi-colored Uranus line of a new long entry. My line remained red and downward. All signs indicate that we should expect a good move up this coming week. The NASDAQ has been working on building a foundation for the last couple of weeks. That may sound crazy in light of the current financial crisis, but I just stick to my technical indicators and not the fundamentals. This coming week I'll be searching for a new long opportunity. When my main indicators all turn upward, I'll be on board. As always, if the mud hits the fan to the downside, I'll simply follow my indicators down. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- September 21, 2008
NASDAQ NEXT WEEK -- September 21, 2008 -- LONG
Please note the addition of colored arrows to the price charts each week now. This makes it a little easier for you to visualize my entries and exits. I have also posted the profit and loss amounts near the exit from each trade so you can see how we are doing financially. Light green arrows are long entries, dark green arrows are long exits. Red arrows are short entries and white arrows are short exits. It was an amazingly lively week this last week! We saw some of the most amazing volatility that I have ever seen before. This volatility produced a very nice short trade during the week. Monday morning opened down causing my main three indicators to give me a new short entry signal at 2,228. The ride down was a simple one to follow; lower highs and lower lows each day. Thursday finally brought an exception to that trend. By Thursday's close, my light blue cycle line turned upward giving me the short exit signal. Please see the price chart above. Upon my exit, I was able to bank 38 NASDAQ points. Not too bad for four days. Friday morning's gap up caused my main three indicators to swing upward giving me the "go ahead" long signal. I entered a new long position near the close at 2,264. If 38 NASDAQ profit points was not exciting enough for you, consider subscribing to my daily NASDAQ TODAY newsletter. NASDAQ TODAY trades 90-minute price bars. NASDAQ TODAY banked 264 points of profit this last week! Please check it out. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- September 14, 2008
NASDAQ NEXT WEEK -- September 14, 2008 -- STANDBY
Time to celebrate! We had major success this last week as we exited our short position that was entered on September 2 at 2,360. (you may refer to last week's newsletter in the archives for the entry details) Our exit occurred on Thursday this last week near the close as NASDAQ price slipped above Wednesday's high of 2,248 causing the light blue cycle line to turn upward (please see the price chart above). We banked about 112 points worth of NASDAQ profit! It would appear that the NASDAQ may be trying to build a bottom right now. Two of my three main indicators have already turned upward. However, my multi-colored Uranus line is still red and still pointing downward. Thus, I am on STANDBY this weekend. I'll be watching and waiting this week to see if the NASDAQ can move up far enough to: 1. cause my multi-colored Uranus line to turn green and move upward, and 2. actually pass above the U-line and turn it into support instead of resistance. What might be the alternative? NASDAQ price could possibly approach the U-line, find resistance around 2,285 or so, and then head lower. Either way, bullish or bearish, we should be able to find a new, profitable entry as this occurs. If you would like a unique opportunity to look at a more finely tuned version of my NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... You are always invited to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- September 7, 2008
NASDAQ NEXT WEEK -- September 7, 2008 -- Short
Last weekend I was definitely expecting to see some bullish price action early in the week. After having seen a fair bit of sideways movement in the NASDAQ prior to that, I was poised for a new breakout. Well, the breakout did actually come early in the week as I had hoped. The only thing is that the breakout was very bearish. No problem. I am light on my feet and when I saw my main three indicators all point downward, I was into my new short position immediately. I entered at 2,360 as price slipped below the low of August 29. I remained short all week and even decided to hold my position for the weekend as all my indicators were still bearish as you can see on my price chart above. By the close on Friday I had accumulated just about 100 NASDAQ points of profit for my four days in the position so far! For me, that was an exciting week. I sure hope I can keep the vast majority of that profit when it is time to cash out. Of course, all good moves must finally come to an end. Where is the floor now? I see many signs of a bottom appearing very early in the week, if not earlier. On my 90-minute chart, in fact, I believe I already see a bottom in place. There is always a good chance of a small bearish correction before the real move up begins. As always, I will wait for my main indicators to turn upward before considering a new long entry this week. You may wish to get a free subscription to my daily NASDAQ TODAY to monitor my change of position this week more closely. If you would like a unique opportunity to look at a more finely tuned version of my daily NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... Be sure to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- August 31, 2008
NASDAQ NEXT WEEK -- August 31, 2008 -- Standby
I have been playing the "hurry up and wait" game all week. As I mentioned last weekend (please see the NASDAQ NEXT WEEK archives link below), I am looking for another bullish leg up soon. However, disappointingly, the net effect of NASDAQ price action this last week was extremely sideways. What's next? I still believe in the bull. I believe the NASDAQ is at a short-term cycle bottom and ready to move up a bit more now. I am watching for a breakout above 2,418 to confirm the move. Why am I expecting a move up for the NASDAQ soon? My yellow momentum line on the chart above is showing a strong bullish divergence with price and coincides with an apparent bottom on my light blue cycle line. Could I be wrong with my bullish forecast? Always possible! As usual, I'll be watching for my main three indicators to move in unison in the company of price action before making my next entry. If you would like a unique opportunity to look at a more finely tuned version of my daily NASDAQ forecast each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... Be sure to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- August 24, 2008
NASDAQ NEXT WEEK -- August 24, 2008 -- Standby
I was finally able to find the profitable exit from my long position on Monday morning as the NASDAQ slipped below 2,441. It was certainly about time as that position lasted 10 trading days and provided more than 120 points of NASDAQ profit! My magic support level of 2,441 was decided by two criteria. First, 2,441 was the previous price bar’s low which was, second, causing two of my three main indicators to fall out of harmony with my long position. It was a clear and simple decision. For the time being I have not been entering into any new short positions on daily bars due to the strong uptrend. Therefore, I have been on Standby all week and am waiting for my next long entry opportunity. From all appearances, this new long entry should occur any day now as my main three indicators turn upward together. All three of them are currently in the process of making the bull entry signal as seen on my chart this weekend. If you would like a unique opportunity to look into the NASDAQ crystal ball each morning before the open, please subscribe to my free, daily NASDAQ TODAY by clicking here... Be sure to check the NASDAQ NEXT WEEK archives by clicking on the link at the bottom of this page...
Trade Well - Make Money,
NASDAQ daily price chart -- August 17, 2008
NASDAQ NEXT WEEK -- August 17, 2008 -- LONG
Wow! I spent the whole week looking for an exit from my long position. I was really expecting to see one somewhere. It never happened. Now I am sitting on top of a pile of paper profit as my long position continues to soar upward. Don’t get me wrong, I’m not complaining. I guess I’ll just repeat myself this weekend and say that I am waiting and watching for the exit from my long position. This week, I swear, it has to happen. As you can see, my light blue Jupiter cycle line is topping. When it is obvious that it will close in a downward move, that will be my sign to consider a swift exit. You may wish to subscribe below to my free daily NASDAQ TODAY in order to more closely monitor the coming week. That said, the long-term bull party is now well under way. Yes, we will see corrections along the way, but this party has all of the signs of lasting for awhile.
NASDAQ daily price chart -- August 10, 2008
NASDAQ NEXT WEEK -- August 10, 2008 -- LONG
What an interesting week it was with the NASDAQ. Monday's close was as near to a nasty "fake out" as we may find in the trading business. Monday closed almost exactly at the previous Friday's (previous price bar's) low price. According to my normal entry rules, that was very close to qualifying. But finally, I decided to wait and see what Tuesday would bring. Tuesday tipped my sentiment completely upside down (or right side up). As I have mentioned a couple of times in the last few weeks, 2,350 has been my magic resistance line. Tuesday's high was 2,349.83. I suffered nearly the exact same temptation as the day before, only in the opposite direction! Wednesday's price action and indicator behavior left no doubt about what to do. I entered long and by Friday's close, my paper profits looked very good. With the bull breakout this last week, it does look to me like the bull party has actually begun now. I believe we are seeing a huge, bullish, double bottom price pattern that originated in March. If this is true, the 2,550 price level will be the final confirmation that the bull is actually running. OK, back to the present week. I'll be watching for a short-term top this week where I can exit my long position with a profit. I'll especially be watching for continued support above my multi-colored moving average line which I have plotted on my price bars as you see it on the chart.
NASDAQ daily price chart -- August 3, 2008
NASDAQ NEXT WEEK -- August 3, 2008 -- Standby
As I mentioned last weekend, I was expecting to see a bull party begin this last week. It didn’t. I started to get excited on Thursday as the NASDAQ rose above my magic 2,350 resistance level, but the NASDAQ just couldn’t sustain the momentum to close above it.
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