Notably, shares of Yahoo Inc (YHOO) bucked the overall trend, jumped more than 4 percents on above the daily average volume to 17.65 in Wednesday trading session. This is bullish from a technical perspective. In fact, as the chart below indicated, the stock could climb above 19 and test the 52-week high after the downward trend halted. Just so that you know, initially profiled in our December 2, 2010 “Swing Trader Bulletin” YHOO had gained about 10 percents and remained well position.
The graphic below is from our “U.S. Market ETF Trading Map”, which shows the near-term technical bias for YHOO. As shown, the underlying is in a short-term bullish trend when the price bars are in green. The underlying is in a short-term bearish trend when the price bars are in red. And yellow bars identify period of neutral or sideways trading pattern.
Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading).
Chart 1.1 – Yahoo Inc (daily)
You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.
This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?
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