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:
XLE +3.55%
Jan 17-Jan 26
SNDK +3.54%
Jan 13-Jan 18
SNDK +3.64%
Jan 13-Jan 24
EOG +4.5%
Jan 4-Jan 10
GLD +3.57%
Dec 29-Jan 3
Free Trading Newsletter
- Jack's Intraday Swing Trade Alerts with Action-Oriented Trading Advice
- Detailed Guidance for each Trading Idea & Live Interaction w/ Jack
- Technical Chart Analysis of both Stocks & Indices
- Market Timing from a Pro who called the Market Top in October 2007 & Bottom in March 2009
- Live Chat Room, Audio Q&A ... and Much, Much More!
Nothing terrible, and it may not be too much more, although more would be a good thing for this market so as to unwind things more deeply on the daily charts. When markets start behaving more bullish, it doesn't just fall apart from overbought. It's a slow process to unwind things back down some. Bulls look to buy up any weakness, and bears who are stuck short, look to buy back those short plays on any weakness. A nice move down today, but it wasn't selling across the board as the Nasdaq maintained a bid as some good earnings from KLA-Tencor Corporation (KLAC), a leading semiconductor stock, gave the technology stocks a boost better than that of the rest of the market. We saw the Dow and S&P 500 go a few points below the 70 RSI level with the Dow actually getting to near 60 intraday. A nice rapid unwinding. The Nasdaq is still hanging at 70, unfortunately, and will need to unwind far more deeply at some point in time, although it's impossible to know when that will being in earn ... Read More