Today I look only at the SPY and VIX chart, but I forecast two potential scenarios in the market, that both lead to a higher (lower volume) ending day (0.5-1%) for tuesdays trade. The first is a small gap higher due to the amateurish action that happened in the last 20 minutes of trading and then a sustained low volume increase until the end of the day, potentially forming a doji green candle. The second is a continued sell off lower to hit the 88.20 level in which we will reverse mid day and end the day potentially flat or slightly positive. I hope you take my words of advice that I put out on this video because it is extremely important in order to become a good trader!
Duration : 0:10:20
Today we look at the market sell off that we were able to predict very accurately. For the past 2 weeks we have hit the nail on the head in every move, down and up. The SPY target for the rally was 110.40, and even though we peaked a little above that, the 60 minutes never closed above 110.40. 
03/04/10 – http://www.TheTechTrader.com – Abercrombie & Fitch Co. (ANF) had a very big day after releasing earnings today as it jumped 5.28 or 14.5% to 41.52 on 14 million shares traded today. This stock has a chance of breaking resistance and if it does, it could get up around 49-50 zone. Dendreon (DNDN) reached an all time high today and closed at 34.85 up 1.23 or 3.6% after providing more support for its late-stage Impact study showing that Provenge extends the overall survival of men with metastatic, castrate-resistant prostate cancer. This is another stock that could explode to the high 40.00, low 50.00 range in a short period of time. OmniVision Technologies (OVTI) shares rose 1.25 or 8.8%, to 15.46 after an analyst upgraded the maker of image sensors for digital cameras and other devices, predicting it will increase its market share this year. This stock has traded between 6.04 and 17.48 during the past year, but today took off and ran up. You could see this stock test the 17-17.25 area, then move up toward the 20-22 zone. TiVo Inc. (TIVO) had a monster day today as it broke out of a 9 to 10 year base pattern. Up 6.32 to 16.53 or 61.9% on 75.7 million shares. This stock could go to low to mid 20’s short range, and low to mid 30’s long range, but right now look for a move that takes this into the high teens—19-20.00 zone. Other stocks to view on Charts of the Day are Callon Petroleum Co. (CPE), JAZZ Pharmaceuticals (JAZZ), Emerson Radio Corp. (MSN), Nektar Therapeutics (NKTR), Pacer International (PACR), PLX Technology (PLXT), Radware (RDWR), Rambus Inc. (RMBS), Sequenom (SQNM) – http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Chart of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
02/16/10 – http://www.TheTechTrader.com – Pharmacyclics (PCYC) was up .42 or 8.40% today to 5.29 on nearly 900,000 shares. Short-term target measures up around the 6.50-7.00 range, intermediate around 8.00, then something around the 13.00 range long-term. SMART Modular (SMOD), which has been in a beautiful rising channel for the last year, was up .25 or 3.69% today. Looks like it will get up around 7.25-7.80 short-term, then around the 12.00 level. Sequenom (SQNM) was up .74 or 16.37% to 5.26 on 17.5 million shares, the biggest trading day it;s had in a year, after it announced the launch of the Fetal Sex Determination test today. Next trading target around 6.50, short-term, secondary around 8.00-8.50. Valassis Communications (VCI) was up .98 today or 3.94% to 25.87 on nearly a million shares today. It looks’ like its going to test the 27.00 range, but if the price-volume range gets it to that, this stock could explode to the low to mid-30.00. Other stocks on Harrys chart today are Acme Packet (APKT), Conexant Systems (CNXT), Dendreon (DNDN), Finisar (FNSR), Integrated Silicon Solutions (ISSI), JAZZ Pharmaceuticals (JAZZ), Leapfrog (LP), Interactive Data (IDC), Netlist (NLST). NACG Holdings (NOA) – http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Chart of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
02/08/10 – http://www.TheTechTrader.com – Acme Packet (APKT), which has been acting great, and even though it moved only a fraction today, .08 or .59% on 1.3 million shares taking it up to 13.69 at closing, it looks like it could be a 16.25 stock short-term, secondary target up around 20.00. Financial Bear 3X (FAZ), which turned around in January, closed at 21.81 today, up 1.14 or 5.53% on nearly 81 million shares today. This stock may have some difficulty getting through the 24.00-24.50 zone, which is the short-term trading target, but if it does, you may see this one soar. Hasbro (HAS) had a tremendous day today. Up 3.91 or 12.69% on nearly 11.5 million shares taking it up to 34.71. The explosion today was an impressive one, especially in the face of a declining market, and it would not be unrealistic to think that this stock may get up to the high 30’s, low 40’s to test the Aug, Sept, Oct ‘08 highs. iPath S&P 500 VX Short-Term Futures (VXX), which is the ETF for the VIX, was up .66 or 2.02% on 5.6 million shares today, closing right at the declining 50-day moving average at 33.31. A break through today’s high could lead this one to 37-38 short-term and beyond that, maybe something in the low 40’s. Other stocks on Harry’s Chart of the Day are some really good ones that you’ll want to learn more about. They are Accuray (ARAY), Large Cap Bear 3X (BGZ), China Agritech (CAGC), Conexant Systems (CNXT), Emerging Markets Bear 3X (EDZ), Integrated Silicon Solution (ISSI), Key Tronic (KTCC), Momenta Pharmaceuticals (MNTA), North American Energy Partners (NOA), Pharmacyclics (PCYC), RXi Pharmaceuticals (RXII), Silicon Graphics International (SGI), Small Cap Bear 3X (TZA) – http://www.TheTechTrader.com/ChartofDay – Chart Info: Harry’s Chart of the Day, published each evening Monday through Thursday, features Harry Boxer’s video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary — which includes both day trades and intermediate-term stock picks. https://www.thetechtrader.com/cgi-bin/fbuser.
First of all I want to go ahead and admit that I was wrong when I said that the market would go up early in the morning and then reverse in late trading to fall about 1-1.5%. That was my intuition but it obviously didn’t happen. The market continued to stay at very strong resistance but failed to break it. It looks like my down day might get delayed by a couple of hours and take affect either tomorrow or the day after. Tomorrow is an important day as it is also the last day of the month. At this point i would rather be more bearish than bullish as we have the H&S formation still in play and a lot of resistance from over head, and today’s volume was incredibly low (as low as fridays or even lower). I look at different charts to show how the bearish side looks more promising, but I stay neutral on some action. I view SPY, XLF, GS, AAPL, AMZN, VIX.
If you play the stock market, you need realtime stock charts. Here’s a lesson on using freestockcharts, available from www.freestockcharts.com. It’s a free real time charting program that’s really useful. In this video I just show the absolute basics to get your started. If there’s any interest, I can show more advanced features like the many indicators it offers, using multiple panes and layouts, and much, much more.