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Welcome to the StockYard! The StockYard is a newsletter published weekly with short term, swing, and long term trading opportunities. The stocks are chosen based on several proprietary quantitative screens and indicators that have been developed and used for many years. These screens measure the probability of positive stock performance based on a combination of the fundamental and technical position of various stocks and sec-tors. This analysis is performed within a timing and valuation framework. The structure and trend of the broad market are also considered and will impact the frequency and types of stocks chosen.
Open Orders- November 12, 2007
Ultra QQQ Proshares We are planning on buying QLD at or near the Ticker: QLD open at 101.00 or better (meaning we won't pay ATR: 9.95 (swing) over 101.00 for it). IF filled, our first target will be Entry: 101 (BUY LIMIT) 3.00 from entry and our initial stop loss will be 5.00 Target 1: 3.00 from entry from entry. Target 2: 7.00 from entry Stop Loss: 5.00 from entry http://www.proshares.com/funds/qld.html
*WE ARE CANCELING ALL OPEN ORDERS FROM LAST WEEK. **ATR is Average True Range
The Weekly View:
It's Beginning to Look a Lot Like August: Wow! What a difference a week makes. Last week the NASDAQ 100 Index was 3 days removed from a multi year high and the markets appeared to be in the midst of a minor correction. Sev-eral days of heavy selling this week led to the worst week for the NASDAQ in 5 years. The NDX dropped nearly 300 points from Tuesday's high and closed right on the lows Friday. As we pen these words the NASDAQ futures are down another 20 points in overnight trading and the S&P 500 Mini (ES) are down 7.5. Any time you have an extremely weak market that closes weakly on a Friday it will bring back memories of the 1987 crash and create nervousness in the market. We again have weakness in the overnight market and we will see what this week brings. Investors are concerned by the steady parade of major banks that have been taking turns announcing write downs related to sub prime mortgages. Continued on next page...
DISCLAIMER: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. DTI Partners, Inc. and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as invest-ment advice. Information is obtained from sources believed to be reliable, but we do not warrant its completeness or accu-racy, or warrant any results from the use of the information. This information is to be used only for your own research. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities men-tioned herein. DTI Partners Inc. does not offer investment advice and is not an Investment Advisor. This information may have already been disseminated by DTI. Affiliates of DTI Partners, Inc. may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or incon-sistent with the provided strategies. The Weekly View:
It's Beginning to Look a Lot Like August: Credit concerns and signs of a weakening economy and potential recession have dominated the news. News from Cisco Systems (CSCO) also spooked technology investors and got the selling started. There were a lot of recent gains in stocks like Google (GOOG), Research in Motion (RIMM), Apple (AAPL) and Baidu (BIDU) and managers elected to take some risk or profits off the table. Once a correction begins it is difficult to forecast the length or degree of the correction. It is imperative to become more cautious and take appropriate steps to position your portfolio to be more defensive. This does not mean raise 100% cash or get completely short. However, any-one using margin should get off margin immediately and consider selling weaker holding and trimming winners. We have been keeping it light in the portfolio lately and it really is more of a trading market than an investing market. The major indexes piercing and closing below their respective 20 day mov-ing averages is troubling as these are well watched by many institut... [download for more]
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