Best Financial Markets Analysis Article While the indexes continue to show range-bound trade, stocks like ROVI, NFLX and AAPL are showing us it’s a market of stocks.

And to make the most of your trading, all you need to know is:

Support, Resistance, The 50 day and Trend Channel Support and Resistance. There is no need to make it any harder than it needs to be. Below is the 60 minute chart of the S&P 500

Those that understand how to buy support and are prepared to do so, got paid nicely today in ROVI. Notice where the lows were this morning. Why?

Because that is a support level. We’ve had that blue line on this chart long before this issue even got anywhere near it today. Just another reason why you need to use and know what support and resistance is all about.

Let’s look at a short term 30 minute chart and see just how long we had to be able to take a long side trade on this one.

Wow! 59-64 is a great trade. And those that understand support and buy support even “in the face of fear” got a great trade today.

By David Grandey

www.allabouttrends.net

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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.

© 2011 Copyright David Grandey- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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