Forex News

Nasdaq Earnings Learnings – What you need to know..

Today I want to present one chart.

This is the index for the top 100 stocks on the Nasdaq. The Ticker is the $NDX. Why does The Canadian Technician bother to plot the Nasdaq 100? Well, it tends to be a composite of some of the exceptional stocks in Technology.

But the second reason is, how clear the pattern of earnings releases shows up on this chart. The boxed area is the pinnacle of the earnings announcements. The red vertical line is the Options Expiration date.

In the last 5 quarters, this market hasn't made any headway. It rallies into the earnings and sells off after the earnings. So when your feeling bullish and the earnings are winding down, do you need a strategy to control the decline of your account? You decide.

Does this current rally look similar to the last 4? Absolutely! Now the question is, will it sell off after?

Let's enjoy the drive through earnings.

What I really did not like today was the action in the big Nasdaq stocks.

GOOG – underperformed the Nasdaq Composite today

AAPL – underperformed the Nasdaq Composite today

AMZN -underperformed the Nasdaq Composite today

MSFT – underperformed the Nasdaq Composite today

ORCL – underperformed the Nasdaq Composite today

CSCO – underperformed the Nasdaq Composite today

EBAY -
Outperformed
the Nasdaq Composite today

INTL -
Outperformed
the Nasdaq Composite today

The Disk Drive index looks weak, the Semi conductor index looks better.

If the market starts bidding up the Dow and not so much for the Nasdaq, I'll be looking for the exits.

Good Trading,

Greg Schnell, CMT

Market Insider | admin | January 10, 2012 | Comments Off

Oil Equipment and Services Stocks Moving Higher $OIH $SLB

A look through the CandleGlance groups shows stocks in the
oil equipment and services group
moving higher on Tuesday. The image below shows four of the six stocks along with the DJ Oil Equipment & Services Index ($DJUSOI). Most of the stocks are up more than 2% with giant Schlumberger up over 3%.

Click this image for a live chart.

Market Insider | admin | | Comments Off

How Do I Rearrange the Charts in My ChartList to the Order I Want to Use?

Charts in a ChartList are arranged in alphabetic order based on their description. To change the order, insert a “code” at the front of each chart’s description using numbers or letters. For this example, we are using “001″, “002″, “003″, etc as the coding scheme.

Open the List You Want to Rearrange in Edit Mode

Click on the “Your ChartLists” link in the Extra Control Center. That will take you to the bottom of the page. Then, find the list you wish to rearrange and click on the “Edit” link for that list to view the list in “Edit View.”

Edit the Chart Name

In “ChartList” Contents” click on the “Edit Info” link for the chart you want to edit the name of. A window will popup where you can edit the chart name and add comments about the chart if you would like to. Simply add a number like “001″ in front of the chart’s name. Use the numbers to control the order of the charts in your list.

Important: Make sure your number has at least 3 digits in it including leading zeros.

Power Tip: If you are unsure of the order you want your charts in, use “0010″ “0020″ “0030″ etc. The extra zero on the right size will allow you to reorder your charts more easily in the future.

Once you are done, click “OK” to confirm the changes.

Finished List

Here is an example of what the list will look like after you’ve completed editing the chart names. You can see other examples of ordered charts by code in the Public ChartList area.