June 2005, Volume 2 Issue 6 Know It - Profit!
"Bubble Or Not...
This Sector Keeps On Rising!"
The broad markets appear to be staging a come back.
Is it for real? Or, are we in for another decline?
Also, the real estate market has been hot for a long time. Is it still safe to get in and ride this sector higher?
Let's take a closer look...
The broad market indices seem to have pulled out of their spring slump.
Strong performances in the Internet sector have launched the Nasdaq into the black.
The good news... higher highs and higher lows are supporting the market has we head into the quieter summer trading session.
Additionally, lower oil prices will help prop-up the market.
A handful of sectors have managed to move to the plus side...
The AMEX Healthcare Provider and AMEX REIT Index are in a strong up-trend.
Surprisingly, the turbulent airline industry is taking off!
The AMEX Airline Index is up ten percent for the month.
Real Estate stocks are on a steady climb...
Universal Health Realty Income Trust is making an impressive climb. Vornado Realty Trust is making solid gains, as well.
And... Equity One, Inc has recently moved into positive territory.
Equity Lifestyle Properties Inc (ELS) has been making steady gains over the last couple of months.
ELS completed a minor Elliott Wave iii in the projected Fibonacci extension zone of 138.2 - 161.8 percent.
A 50 percent retracement to $36 marks the wave iv target.
Multiple inside days have formed a small triangle. Look for a quick down-side break-out to the wave iv target.
The Relative Strength Index remains above 50... predicting more growth is ahead.
The wave v target is forecasted using a Fibonacci extension zone of 223.6 - 261.8 percent.
Grab a copy of Michael Jardine's New Frontiers in Fibonacci Trading for a more detailed look at this forecasting method.
Although only one sector and one stock was featured in this issue, you'll want to take a closer look at the other sectors and stocks that were mentioned.
There are many more trading opportunities to be discovered in those sectors... by applying the same easy analysis methods I use each month.
Until next time...
Russ Schmidt, President
Subscribe to Chart Wealth...Click Here for Past Issues of Chart Wealth
Discover The "Hidden Order" In All Markets...
Download Your FREE Special Report, Now!
Stock-Charts-Made-Easy.com is not an investment advisory service, a registered investment advisor or broker-dealer and does not imply or suggest which securities you should buy or sell. You should always check with a licensed financial advisor and/or tax advisor to determine the suitability of any investment.
It should not be assumed the technical indicators, analysis techniques or trading methods presented in this newsletter will be profitable or that trading decisions based on their use will not result in losses. Past results are not necessarily indicative of future results. Examples presented in this newsletter are for educational purposes only. Any trade set-up illustrated is not a solicitation to buy or sell a security. The author, publisher and any affiliate linked to this newsletter assume no responsibility for your trading results. Remember... there is a high degree of risk in trading.
The Commodity Futures Trading Commission requires the following statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
Home |Charting Principles |Forecasting Tools |Trading Systems |Market MetricsCharts In Action |Market Commentary |Online Newsletter | BookstoreFor the Record | Site Map