Monthly Archive:: March 2009

How To Profit From Support Breakdowns And Resistance Breakthroughs

Whole Foods Market, Inc. (WFMI) owns and operates a chain of natural and organic foods supermarket. As of September 30, 2008, the Company operated 275 stores organized into 11 geographic operating regions, 264 stores in 38 United States of America states and the District of Columbia; six stores in Canada, and five

Fed Will Pump 1 Trillion Into The Economy: Bye Bye Dollar

What’s Happening In The Market Now.. Stocks moved higher at the open this morning after a report showed new unemployment claims dropped last week, then slid back in morning trading. The Federal Reserve, yesterday, said it would pump more than $1 trillion into the economy. The plans include the purchase of long-term

Stock Picks With Dow Closing At 6.5K

RGR started rallying in late Feb and has not looked back except for one negative day. Is this strong trend coming to an end ? Buying volume is seeing a dip and that could be early signs of reversal. Keep watching for potential short entry. LFT took off after positive earnings. LFT

Intraday Resistance & Support Provide Trading Opportunities

Smith & Wesson Holding Corporation (SWHC) is a manufacturer and exporter of firearms. The Company manufactures an array of pistols, revolvers, tactical rifles, hunting rifles, black powder firearms, handcuffs, and firearm-related products and accessories for sale to a variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, protection focused individuals,

Job Losses Hit 25 Year High

The U.S. unemployment rate rose to a 25-year high of 8.1 percent in February as employers, buckling under the strain of a severe recession, axed 651,000 jobs, government data showed on Friday. Adding to the gloom, a combined 161,000 more jobs were lost in January and December than previously believed, the U.S.

Stock Picks After Bulls Put Up A Fight With S&P500 Above 700

EFOI is reaching its 200 dma at $1.73. This should provide first line of resistance. If this is take out, EFOI can run up to $2.00. Potential short if it doesnt break $1.73 LFT is picking volume and heavy price action. LFT has been on an upward movement from $13.00 all the

Stock Picks After S&P500 Breaks Below 700

Cracker Barrel Old Country Store, Inc. (CBRL) is principally engaged in the operation and development of the Cracker Barrel Old Country Store restaurant and retail concept (Cracker Barrel). CBRL is up last 8 trading days and has broken out of its $22.00 resistance. However next line of resistance will be around $23.20