Daily stock market support | resistance | trend forecast - Opening Bell,Index,ETF,stock trading,day trading,penny stocks,stock research

Daily stock market support | resistance | trend forecast - Opening Bell

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Patel (11/20/2008 2:52:37 AM)

Daily stock market forecast on the base of technical analysis, news and global events analysis. Today FOMC Minutes due at 2:00 ET, so be careful for any position. For Today 1386 is a important support, any failure of this support NASDAQ can go up to 1361 and once it goes below 1361 our next target is 1302 / 1297 /1290.

and for upside 1430 /1440 is a strong resistance , above this 1493 is a strong resistance. Near 1300 you can start to accumulate good quality stocks for short term gain. At this stage for any long position keep tight stop loss, this is a key factor to do successful day trading, swing trading, Stock trading, stock investing in stock market. Day trader need to heep eye on strong support and resistance because once it clear out stock market goes up to next strong support or resistance. So for stock trading you can go long or short after market clear out strong support or resistance or you can do reverse means buy at strong support and sell at strong resistance.

Daily stock market support | resistance | trend forecast - Opening Bell,Index,ETF,stock trading,day trading,penny stocks,stock research,401k

Stocks extend losses after Philly Fed (Reuters)
Stocks extended losses on Thursday after the Philadelphia Federal Reserve Bank said factory activity in the Mid-Atlantic region fell to another 18-year low in November, adding to worries about the depth of the economic slowdown..(Thu, 20 Nov 2008 15:19:50 Etc/GMT)

Europe shares slide 5.5 pct as Wall St falls (at Reuters)
(Thu, 20 Nov 2008 15:17:23 Etc/GMT)

US STOCKS-Market extends losses after Philly Fed (at Reuters)
(Thu, 20 Nov 2008 15:11:11 Etc/GMT)

European shares down 4 pct on weak start to Wall St (at Reuters)
(Thu, 20 Nov 2008 14:56:05 Etc/GMT)

US STOCKS-Market opens lower on autos, jobless data (at Reuters)
(Thu, 20 Nov 2008 14:40:23 Etc/GMT)

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