Strong Support Even If We Pull Back - Jeff Pierce

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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More

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Strong Support Even If We Pull Back 0 comments

Apr 5, 2012 7:00 PM | about stocks: DIA, SPY, QQQ

The following is an excerpt form the mid day update by All About Trends. Premium members receive daily market commentary, stock picks, and a concise trading plan. I personally recommend their service. Try it here at a significant discount.
Here are the index charts with most showing either a tag of a support level or even a moving average. It's likely that we're going to move sideways to down over the coming week, but even a move down should be met with renewed buying. I went ahead and added corresponding weekly charts at the end of the post to give you a broad picture of where the markets are, how far they've come, and where support could lie.
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Stocks: DIA, SPY, QQQ

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