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Collective2: AGO and VLY out

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A pre-earnings sell off in AGO knocked out the stop for a small -$144 loss on a 400 share lot. If there is a whisper number for this week's earnings it likely isn't good. The second sell came in VLY . Gap moves in this stock are not unusual (both up and down), but the loss of support with a 'sell' trigger in stochastics is reason enough to step aside and bank the small profit of +$404 on a 400 share lot. To subscribe to these trade signals in real time, click on the performance chart below:

Trade Ideas: PSA

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Break to new near term highs on rise above $80 resistance. Well on its way of testing resistance at $84. The 40-week MA has been excellent support throughout this rally suggesting strong institutional demand. The point-n-figure chart shows a fresh ascending triple top breakout with a target of $94. The trend is very much your friend. Public Storage, Inc., a real estate investment trust, engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States. Its self-storage facilities offer storage spaces for lease on a month-to-month basis for personal and business use. The company also has interests in commercial properties containing commercial and industrial rental space; facilities that lease storage containers; and ancillary operations that include reinsurance of policies against losses to goods stored by its self-storage tenants, retail sales, and truck rentals at its self-storage locations. Trade Ideas If you would like to try

Fallondpicks.com: Weekend commentary

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Friday's focus was all on the large caps with a channel breakout in the S&P and a nudge over resistance in the Dow . Sympathy gains in the remaining markets kept the bulls interested without the powerful buying (i.e. heavier volume) associated with a follow through day. Moving average resistance remains limiting with the 20-day MAs in the NASDAQ , NASDAQ 100 and converged 20-day and 50-day MAs resistance in the Russell 2000 . The semiconductor index is similarly curtailed by the 20-day MA and channel resistance. These moving averages have halted every attempt at rallies since the breakdowns in May. Challenges on resistance will be backed by MACD bullish crosses in the NASDAQ , NASDAQ 100 , semiconductor index, Dow , S&P and Russell 2000 . For all indices the last crossover occurred in early June and kept markets in a sideways (to modest bullish) pattern for 3-weeks. Should this repeat it will help keep the indices primed for the all important follow through day.

Stockcharts.com: Weekly review

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[For clearer and updated charts click on the individual author links to be taken to their Public Stockchart list]. Matthew Frailey pointed in favor a bottom on the large cap indices, but was looking to a '30' or below in the Ultimate Oscillator before declaring a major bottom in the NASDAQ. Many commentators (me included) focused on the MACD histogram bullish divergence in May/June which failed to deliver on its promise. The MACD trigger line of the NASDAQ has shaped a bullish divergence for June/July, but Robert New considers this part of a larger 12-month bearish head-and-shoulder reversal pattern. Support at 2,025 will be considered key not just for July - but as neckline support too. Mitchell Meana has highlighted a more recent bullish divergence in MACD of the Q's. Although the 50-day MA looms ominously as resistance in this clean chart. Michael Winfree's Qs chart is in a similar vein. Dan Basch has some interesting downside targets for the NASDAQ 100; for t

Trade Ideas: REXI, DADE, SEH, TEF, HNZ, SHU, CTS, IGE

A channel breakout in the S&P and relative strength in the Dow has focused most of the buying on large cap issues. I was surprised to see the Trade Ideas scan take 4 minutes to come up with 8 stocks (in days of strong buying it is usually a matter of seconds to get 8 stocks). Stocks making bullish crosses of the 50-day MA by the 20-day MA over the last month include REXI , SEH , HNZ , SHU , CTS and IGE . As a consumer staple, HJ Heinz ( HNZ ), would probably be the pick of the bunch. $43 resistance has been a tough nut to crack but it could be third time lucky based on today's action. 2006 has been good for the stock and with stops on a loss of the 50-day MA ($41.40) it could be good for you too. A push to $44 would trigger a double top breakout on the point-n-figure chart and send it on it's way to the latter chart's target of $64. Trade Ideas REXI DADE SEH TEF HNZ SHU CTS IGE If you would like to try a full version of the Trade-Ideas software, fol

KIVA: Update

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Already we have some payments coming in from the original loans. The number of potential loan candidates has grown rapidly since May and if you are interested in supporting developing business across the globe one should head to the KIVA website and set up an account for yourself. Alternatively, if you order a 1 year subscription I will allocate $25 to a KIVA loan program of your choice. Potential Site Advertisers - I will allocate 100% of your payment into the KIVA pot. KIVA

Trade Ideas: LNDC, UCFC, BDN, WEBX, WEN, MYE, MCD, SPH

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Resistance proved to be too much for the bulls as yesterday's heavier volume churning broke in favor of the bears. This swung the Trade Ideas scan from 8 stocks in 1 minute to 8 stocks in 50 minutes . A couple of fast-food joints in the shape of Wendy's ( WEN ) and McDonalds ( MCD ) made the cut. Recent crosses in the 50-day MA by the 20-day MA were observed in UCFC , WEBX , MYE and MCD . The best looking chart looks to belong to Brandywine Realty Trust ( BDN ). Resistance of a large bullish ascending triangle at $32 is very close to been beaten. One can run stops on a loss of $31. Earnings are due for Friday so this will likely make or break the stock. Point-n-figure target of $43 looks well within its range. Projected target is $37. Trade Ideas LNDC UCFC BDN WEBX WEN MYE MCD SPH If you would like to try a full version of the Trade-Ideas software, follow this link for a free 7-day trial.

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