Archive for the ‘day-trading’ Category
Stock Market Crash
Daily Market Commentary for July 24, 2008 from Millennium-Traders.Com
Economic data released today was the initial culprit that began the heavy selloff. U.S. Jobless Claims rose by 34K to 406K for week of July 19 compared to survey of an increase by 14K. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Stock picks on the move today:
Chipotle Mexican Grill Incorporated (NYSE: CMG) which posted strong earnings for the second quarter. Net income came in at $24.5 Million or 74 cents per share. A year ago, income was $20 Million or 60 cents per share. Second-quarter revenue increased 24.2 percent to $340.8 million from $274.3 million a year earlier. Chipotle intends to open up to 140 new restaurants for 2008. At the closing Read the rest of this entry »
What to Look for When the Market Hits a Bottom
When the market hits a bottom, it’s time to start the bargain hunting. The upside from a bottomed market is huge, and then profits can be further compounded into a short position. Bottoms can be hard to spot, but with some experience, bottom hunting can be profitable and extremely rewarding. Even with the best uptrend, you’re unlikely to time a bottom perfectly. Sometimes you’ll see a bottom, enter a trade only for the security to downtrend briefly and retest a bottom. Bottoming securities are unlikely to be perfect, so you’ll have to have plenty of patience. Profitable traders do very well in market bottoms, as they provide some of the best risk to Read the rest of this entry »
No CommentsFibonacci Portrait Inspires Fibonacci Traders
Day traders and technicians inspired by Fibonacci arcs, retracements, fans and time projections can now own an original oil painting of the legendary mathematician painted by contemporary artist, Tracy Mac. And, what’s truly unique about the portrait is that it was painted by the numbers!
No, the portrait wasn’t created from a paint by numbers kit, but is an original ink and acrylic on canvas painted by Mac who is an established American artist.  The artist lives and paints near New York city and is somewhat of a tech-head himself. As a starting artist he invented mathematical paint brushes, a custom graphics program that he uses along with his artistic instincts to create amazingly detailed and stylized artwork.
Mac’s technique and artistic talent result in a Read the rest of this entry »
No CommentsStock Market for Dummies
Daily Market Commentary for July 31, 2008 from Millennium-Traders.Com
It doesn’t take a rocket scientist to see that, the economic crisis, is far from over. Government officials are talking more of a ’second’ economic stimulus package and it hasn’t been that long since the first one was put into play. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Hot Stock picks on the move today for day trading: MasterCard Incorporated (NYSE: MA) and AK Steel Holding Corporation (NYSE: AKS). MasterCard stock price got smashed after releasing second quarter earnings which consisted of a $747 million loss on a $1 billion after-tax charge related to a settlement of antitrust litigation with American Express Corporation (NYSE: AXP). MasterCard had a trading range of over twenty-two Read the rest of this entry »
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