As I digest the Forensic Trader Radar (FTR) numbers the retail industry stands out more than others. Will the American consumer cutback its spending? Should black Friday be the measure of the consumer? May be a fantastic door busting black Friday does not bode well for the Christmas season. That being said, twenty one (21) NASDAQ stocks blipped on the FTR for the close of trading Wed. November 21, 2007. Please click on the below link to view the stocks that are displaying day trading characteristics.
http://spreadsheets.google.com/pub?key=pWDllmclb1SY67rF3IYPqTQ
CROX Closed above its resistance on 11/21/2007 with a plus (+) 0 .33 BIAS.
Resistance = 38.44 Support = 37.79
Forensic Trader - Copyright © 2007, all rights reserved.
Symbol, Volume,and Closing price data are assumed accurate, however readers are responsible for verifying stock market data. Bias, support and resistance is determined via proprietary calculations and should not be considered buy or sell advise.
Friday, November 23, 2007
Daytrading black Friday
Labels:
Active Traders,
Daytraders,
Equities,
Forensic Trader,
NASDAQ,
Stock market,
Stock Trading