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Excerpts from recent newsletters:

 

Smart Trades Update 4.15.14

Stocks "bounced" early, failed to rally through resistance, then tested support. So far support is
holding against a backdrop of improving breadth. If today's lows hold, a larger scale rally should
unfold. However, if that rally is corrective, I would still look at the short side longer term.

The bottom line is the long term pattern in the S&P looks to be peaking, the short term may
be bottoming.

The INX 1835 - 1850 zone is still resistance.





The short term INX chart stretched 1840 resistance a bit. That pushes short term resistance up to near 1844,
then 1848 - 1850. Three tests of the 1816 zone have held. Breadth is improving. *If* 1816 can hold, the INX
should rally short term.



The ES failed near 1835 resistance, then tested and held 1810 support. Resistance remains near 1835,
then up near 1849.



The Nasdaq finally tested 3420. The 130 minute has a dragonfly doji on the test of support. Resistance
remains near 3500, then 3544, and 3606. *If* the corrective pattern is in play on the recent decline as
labeled below (I have my doubts), the Nasdaq could have a pretty good sized rally ahead.





Apple also tested longer term support with a dragonfly doji on the low bar. The pattern may has terminated
a corrective decline (".v down in an "abc").



The weekly AAPL chart shows multiple pivots in this 515 zone.



BBRY is bouncing a bit from longer term support. The pattern is not so clear though. Resistance brackets
the 8.00 area, and then up near 9.00.



Next support for BBRY is near 6.45.



Facebook took out short term support near 58.50, and tested the 56.00 area. Dragonfly type doji
on the low. *If* this is a "b" low, "c" should test 64.00.



The Euro nearly tested 1.3778 support, and is now finding resistance near 1.3833. I'm not clear on
the overall pattern in the Euro.



Still looks like a possible top in the Canadian. Resistance remains near .9124 and .9138. Support
held so far near .9075. Next support is near .9040.



The Metals rolled over hard overnight (around 3AM my time out west).  Short term gravestone doji
on the peak in Gold. I'm not sure about the overall pattern in Gold.



The breakdown in Silver looks like a ".v down" possibly, but I'm not sure it's complete.



Nice clear break and retest of the short term price contraction overnight.



Crude Oil may be peaking short term, but the decline is not decisive yet. Support near 103 has held so far.



Natural Gas is in yet another very short term sideways pattern within the larger scale sideways pattern.



Bonds once again have the look of ".v up" to resistance, but no confirming decline yet.




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All Charts & Quote Pages in this publication created with  TradeStation (r) 9, copyright TradeStation Technologies.


This post is for educational purposes only. 


TRADE AT YOUR OWN RISK!


  
NOTICE: Traders can and do lose money. No claims are made that the information provided here will insure gains or prevent loses.

  
NOTICE: Neither the information, the systems, nor any opinion expressed herein constitutes a representation by Smart Trades Inc., or a solicitation for the purchase or sale of any commodity futures, stocks or options of any kind. Those using the information and systems herein for trading purposes are responsible for their own actions and no claim is made that the recommendations or systems will be profitable or that they will not result in losses. Smart Trades owners, employees, or members of their families may have a position in the markets contrary to the information or systems contained herein. 


NO CLAIMS ARE MADE THAT THE INFORMATION PROVIDED HERE IS CORRECT. EPS, YIELDS, ETC. ARE SUBJECT TO CHANGE.

TRADE AT YOUR OWN RISK!



PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES, STOCKS AND OPTIONS CONTRACTS, EVEN WHEN USED FOR HEDGING PURPOSES.  PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS.  FUTURES AND STOCK TRADING IS NOT SUITABLE FOR ALL INVESTORS.  NO CLAIMS ARE MADE THAT THE INFORMATION PROVIDED HERE WILL INSURE GAINS OR PREVENT LOSES.


PAST PERFORMANCE IS NOT NECESSARY INDICATIVE OF FUTURE RESULTS.



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This post is for educational purposes only.

TRADE AT YOUR OWN RISK!

 

All Charts & Quote Pages in this publication made with Omega Trade Station (r) 8


 

NOTICE: Traders can and do lose money. No claims are made that the information provided here will insure gains or prevent loses.

 

NOTICE: Neither the information, the systems, nor any opinion expressed herein constitutes a representation by Smart Trades Inc., or a solicitation for the purchase or sale of any commodity futures, or options of any kind. Those using the information and systems herein for trading purposes are responsible for their own actions and no claim is made that the recommendations or systems will be profitable or that they will not result in losses. Smart Trades owners, employees, or members of their families may have a position in the markets contrary to the information or systems contained herein.

 

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES, STOCKS AND OPTIONS CONTRACTS, EVEN WHEN USED FOR HEDGING PURPOSES.  PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS.  FUTURES AND STOCK TRADING IS NOT SUITABLE FOR ALL INVESTORS.  NO CLAIMS ARE MADE THAT THE INFORMATION PROVIDED HERE WILL INSURE GAINS OR PREVENT LOSES.

TRADE AT YOUR OWN RISK.  

              PAST PERFORMANCE IS NOT NECESSARY INDICATIVE OF FUTURE RESULTS.