Excellent Share Trading Video:Stock Market Analysis On SPY For June 25 2010

www.guerillastocktrading.com This is a ending week update on SPDR S&P 500 ETF (SPY) for stock trading Friday, June 25 2010. A weekly chart on SPDR S&P 500 ETF (SPY) tells us exactly how correctly the Fibonacci 61.8% retracement area predicted the existing change in trend. Unfortunately I have to downgrade my outlook of SPDR S&P 500 ETF (SPY) at present to that of a legitimate downtrend. The almost perfect Fibonacci retracement is measured from October 2008 when the downtrend began to March of 2009 when the stock market bounced. What is genuinely troubling is the colossal Bearish Engulfing candlestick on the weekly chart. The Bearish Engulfing candlestick is so gigantic, it practically completely wipes out the earlier 2 week upward move on SPY. Moreover, the 13 week MA is about to collapse under the 21 week moving average and shut the neckline on the Bearish Head and Shoulders Top I talked about in a earlier episode. The key support area you have to focus on is from $104.50 to $105. If this support zone is broke bulls will be frightened and scurry for the exit as short sellers step in. The volume over the last week reveals a very bearish step ladder pattern where more and more sellers kept exiting the stock market as earlier short term support zones were taken out. On the hourly chart we have already had the alligator jaws opening to the downside on the moving average lines. We will see the alligator jaws first on the hourly, then on the daily, and finally on the weekly ...Share Trading Facts: Many full-time stock traders and stock investors have a formal education and training in fields such as economics, mathematics and computer science, which are particularly relevant to this occupation. Depending on the nature of each national or state legislation involved, a large array of fiscal obligations must be respected, and taxes are charged by jurisdictions over those transactions, dividends and capital gains that fall within their scope. In a normal distribution of investors, many academics believe that the richest are simply outliers in such a distribution.

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