Co-brand Partnerships

award-5.gif (6517 bytes)
Vote for Us

topsite.gif (1668 bytes)

webfifty.gif (6027 bytes)

 


 
drop_center.gif (2753 bytes)


wpe1.jpg (2095 bytes)


FREE EMAIL
Email Login
Password
New Users Sign Up!
 
NEWS SEARCH
WEB DIRECTORY
WEB SEARCH
 CITY GUIDES
search by:
 WEATHER

Current Weather
Enter Your City, State, or Zipcode:

   

MASTERING
THE TRADE

ORIGINAL, INTERACTIVE SEMINAR ON TRADING USING
TECHNICAL ANALYSIS
 

 
EARNINGS ESTIMATES

Enter Symbol

U.S. QUOTES

Enter Symbol:

U.S. CHARTS

Enter Symbol:

TECHNICAL OPINION

Enter Symbol:

CANADIAN CHARTS

Enter Symbol


 SEC FILINGS

Search For:
 

Company Name
Ticker Symbol

 BROKER RESEARCH
Exclusive Broker

Research
Enter Ticker

 

ARCHIVE:    JUNE/JULY

A new Market Call is posted
every market day.

General Motors (NYSE: GM)
Market Call™ for July 13, 1999
Contributed by Mark Seleznov,
TrendTrader.com.

The purpose of this Market Call section is to educate readers in technical analysis patterns and indicators. As with all investment information, you need to research information and consult your financial advisor before initiating any strategies that are contained in Market Call.

Also, you must realize that as with all trading strategies, opinions can change quickly depending on market conditions and developments.

This column tries to present historical examples, potential set ups, and examples of entry and exit strategies.

Last week I wrote:

Let's take a look at General Motors, GM.

"Over reactions to News and News Articles – I am always fascinated with the reactions to news and news articles. Newspapers and magazines like the Wall Street Journal, Barron’s and Investor’s Business Daily can move markets. But do these articles just hype a stock or are the moves sustainable? My questions is always "who knows what is being published and when did they know it?"

Late last week we saw GM break from a resistance area at 65 and run to 69 on Friday July 2. The front-page story in this weeks Barron's was on GM. When trading opened on Tuesday, GM gaped up and quickly ran to 72 7/16 by noon on Tuesday.

Despite a positive market and new highs in the DOW on Wednesday July 7, 1999, GM closed down 1 9/16. The failure of GM being able to hold this gap from the story is a negative pattern. Was this run up on improved fundamental developments at the company or the anticipation of the news story in Barron's.

I would exit GM on any morning weakness. An aggressive trader may want to consider a Short position here with a stop at 72."

Since that Market Call, GM dropped and had additional bad news from a lawsuit that hit the stock. How did GM respond to this bad news? The stock seems to have found a new base of support at 67 � and now seems poised to move to the upside.

MACD, Momentum and OBV have turned up. On any rise in the morning, GM will also give a Moving Average Buy signal. I would Buy GM here on any morning strength. I would place my stop at 67 3/8.

Chart courtesy of
 



Interested in adding Market Call to your website?
Click here for details: Market Call Information
Mark A. Seleznov is a General Securities Principal and Managing Partner of Trend Trader, LLC, a NASD, SIPC broker/dealer firm located in Scottsdale, Arizona. A professional trader for over 25 years, Mark was a Market Maker on the Philadelphia Stock Exchange, a Retail Registered Representative, and futures trader. Mark is an author and recognized expert in equity Day Trading. He conducts seminars in Equity Day Trading and offers his firm traders training and support. If his firm holds any positions in the public companies he writes about, it will be noted at the bottom of his article.

Market Calls is a daily syndicated column on trading by Mark A. Seleznov, Managing Partner of Trend Trader, LLC. For information on obtaining Market Calls for your web site, newspapers, or publication, contact
Trend Trader, LLC at 602-948-1146

Disclaimer: Trading in securities may not be suitable for all individuals. Consult your broker or other professional to determine your suitability. This is not an offer to buy or sell securities. The advice given above is of a general nature and should not be taken as a recommendation to buy or sell the referenced security.

 

GThe Financial Ad
Traderet FAT!

 
Search for it at the TulipSearch Open Directory
Investment Bookstore Investment Newsstand Market Mavens Report

TULIPS AND BEARS NETWORK SITES

 

FINANCE
Tulips and Bears
Contrarian Investing.com
Internet Stock Talk
Traders Message Boards
Traders Press Bookstore

NEWS AND INFORMATION
TulipsWeather
Freewarestop.com
TulipsMail
TulipsEspa�ol
TulipSearch
TulipNews
TulipCards
AllMusicSearch.com
City Guides
Travel Center
Bargain Bloodhound...coming soon

WEBMASTER TOOLS

TulipHost
BecomeAnAffiliate.com
TulipDomains
GoSurfTo
TulipStats
...coming soon
TulipTools...coming soon

Questions or Comments? Contact Us

Copyright � 1998-2000 Tulips and Bears LLC.
All Rights Reserved.  Republication of this material,
including posting to message boards or news groups,
without the prior written consent of Tulips and Bears LLC
is strictly prohibited.


Last modified: March 17, 2001

Published By Tulips and Bears LLC