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5 Minute Investor
  with Bo Yoder
 

Keep Up with The 5-Minute Investor.
Get The Latest News, Picks and Views at Bo's Blog

 
April 12, 2006
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Today's session finally gave me the confirmation I needed. I stopped out of a couple longs, scratched the rest and began taking short exposure. I suspect today's selling will continue into tomorrow's morning session.

 
STOCKS TO WATCH:
 
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    The SPY falls out of its recent flag formation and I suspect that the 200sma will be tested in the weeks to come.

 
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    The DIA looks a bit more stable, but I would expect to see the $110 level hit by weeks end.

 
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    The QQQQ actually looks like a buy! This pullback to support may bring some buyers into the tech sector tomorrow in spite of the weakness in the S&P.

 
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    UGI is basing near its lows on the daily chart.

 
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    NE has formed a double top on its daily/weekly chart.

 
About Bo
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Bo Yoder is a professional trader, author, and consultant to the financial industry on matters of trading and risk management. Yoder is a frequent contributor to domestic as well as international trading publications, and can be seen writing for RealMoney.com, Technical Analysis of Stocks and Commodities, Trader's, and Active Trader Magazine. Yoder publishes the Active Trader and Active Investor newsletters at 5minuteinvestor.com, is a featured speaker at seminars and  industry expos, and continues to work with individuals and market professionals on risk management and trader development.  His latest book, Mastering Futures Trading was published by McGraw-Hill in 2004.

Bo can be reached at bo@5minuteinvestor.com

DISCLAIMER:
All material herein was prepared by the author based upon information from sources believed to be reliable. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell the securities. The author is not a licensed broker, broker dealer, market maker, investment banker,investment advisor, analyst or underwriter. Please consult a broker or financial planner before purchasing or selling any securities discussed. The author has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials presented. The author may buy, sell or have a position in the securities discussed and may profit in the event the shares of the companies discussed rise or fall in value.

 
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All original materials: © 2006 Brooke Publishers, Inc. and Associated Authors
Comments: trader@hardrightedge.com