Jack Steiman's stock picks, trade alerts, and technical analysis for swing traders!
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Free Trading Newsletter:
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Featuring Jack Steiman
Former columnist for TheStreet.com, Jack Steiman is renowned for calling major shifts in the market, including the market top in October 2007.
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Recent Calls
Jack had 132 winning stock trades out of 206 in 2009, with an annualized return per position of +95.1%. Some recent picks include:
ENR +3.09%
Jan 5-Jan 7
CAT +6.18%
Jan 5-Jan 11
FAS +5.35%
Jan 4-Jan 6
ICE +3.43%
Dec 22-Dec 29
OIH +3.73%
Nov 20-Nov 23
Free Trading Newsletter
- Jack's Intraday Swing Trade Alerts with Action-Oriented Trading Advice
- Detailed Guidance for each trading idea
- Technical Chart Analysis of both Stocks & Indices
- Market Tming from a Pro who called the Market Top in October 2007
- And Much, Much More!
And that's what everyone was expecting after that wonderful hammer on all the critical index charts in the last hour on Friday. The S&P 500 touched the 200-day exponential moving average at 1046 (1044 print) and then exploded higher. It was the first test in an extremely long time and after losing the 20- and 50-day exponential moving averages, one would think that whichever index got down to the 200-day exponential moving average first would give the market a quick blast higher and that's what happened. The key is following through on the next day’s action. Does it follow through or just die? It simply died today. It didn't get killed. Nothing bad like that, but where's the follow through that should take place? It was nowhere to be found today. Not what the bulls want to see and puts the recent down trend more in focus. We had the breakdown and retest and then follow through lower. Today we didn't get a follow through higher one would expect and thus ... Read More