Nasdaq Analysis 3/02/09 March 2, 2009 - NAS

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/1/09, 3/2/09

Nasdaq Support & Resistance Levels - March 2, 2009

Resistance Levels: 1400, 1438, 1500, 1526

Support Levels: 1315, 1295

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq closed below support of around 1384-1387 and appears to be going down to test 1315 which is the 52 week closing low. Keep in mind, the Nasdaq has been making bounces back to the 10 day moving average( blue line ) and failing each time. The 10 day moving average is currently at 1438 but is tanking each day. I am waiting for a close over this level before I will hold the QLD overnight. The trends on all the major averages are broken so as a trader I have to respect that! Until they improve, I cannot hold long. For More Technical Analysis - Go Here

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Stocks to Trade 2/25/09 February 25, 2009

The following is a list of stocks to watch/stocks to day trade today, 2/25/09. These stocks are going up or down based on news or earnings and they will most likely be volatile. This volatility provides day trading opportunities both long and short.

Stocks to Day Trade - February 25, 2009 - Pre Market

First Solar ( FSLR ) - $118.40 Down $13.58% - FSLR stock is breaking down in pre market today after the company provides weak guidance and the CEO says inventories will most likely build. That is not what you want to hear if you own this stock on a long basis. First Solar Slides; Calls Short Term Outlook Difficult

Financial Bear 3X ( FAZ ) - $57.41 Up 2.55% - FAZ is a stock to buy if you think the banking sector is going down. If you think financial stocks are going to rise, you buy FAS. These two stocks offer volatility that day traders dream of. Just don't be wrong with the direction!

Ultra Short Nasdaq 100 2x ( QID ) - $58.57 Up 1.58% - If you are bearish on the Nasdaq, buy QID, if you are bullish on the Nasdaq, buy QLD. These two stocks are very active and provide huge swings during the day.

Check out the links below for more day trading ideas.

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Stock Market 2/19/09 February 19, 2009

The Stock Market is showing signs of life this morning as we had a flat initial claims number come out at 8:30am. Combine this economic data with the fact that the major stock market averages are a bit oversold, we could be looking at a rally in the next few days.

What I am Watching 2/19/09

- I am noticing the major bank stocks turning around this morning. BAC, C, GS, JPM

- The US Dollar is weakening, causing Oil prices to move higher ( $35.62 ) - this is actually good for the stock market because in this new world, Oil has been a gauge for the markets. On this latest down slide, Oil started moving down days before the markets did.

- Gold falling from the highs this morning - $977

- Chesapeake Energy CHK Upgraded to Outperform from Market Perform by Bernstein - CHK needs to break out of a triple top around the $20 - this upgrade could be some fuel it needs to do this. Support at $15 has been solid.

- Research in Motion RIMM is turning around - traded $41.90 in after hours last night - it is now $42.70 - Severely oversold, maybe a bounce coming back to $46?

- How about Anady's Pharmaceuticals ANDS - This stock continues to RIP higher and is the Top Stock for 2009.

- QLD - I continue to trade the QLD which is the Nasdaq 100 Bull stock - Opposite of QID which is the Ultra short.

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