A new Market Call is posted
every market day.
General
Electric Co, GE
Market Call™ for September 16, 1998
Contributed by Mark Seleznov, TrendTrader.com.
The purpose of this Market Call section is to educate
readers in technical analysis patterns and indicators. As
with all investment information, you need to research
information and consult your financial advisor before
initiating any strategies that are contained in Market
Call.
Also, you must realize that as with all trading
strategies, opinions can change quickly depending on
market conditions and developments.
Despite some strength in the Dow Jones Industrial
components, many Dow Jones Industrial stocks are now
struggling during this rally over the past few days.
General Electric, GE, is performing poorly, as compared
with the market over the past few weeks. Each attempt to
rally has been met with selling.
All indicators are still showing a continued downtrend in
GE. The stock is well below its 50 day moving average
line. The stock's momentum is negative. The MACD is still
on a Sell signal.
If we get a downturn in the market here, GE can lead the
market down.
I would consider a short here on GE.
I would place a stop at 80.
Click here for details: Market Call Information
Mark A. Seleznov
is a General Securities Principal and Managing Partner of
Trend Trader, LLC, a NASD, SIPC broker/dealer
firm located in Scottsdale, Arizona. A professional
trader for over 25 years, Mark was a Market Maker on the
Philadelphia Stock Exchange, a Retail Registered
Representative, and futures trader. Mark is an author and
recognized expert in equity Day Trading. He conducts
seminars in Equity Day Trading and offers his firm
traders training and support. Mark writes articles for
market publications and Internet sites that focus on
trading.
Market Calls is a daily syndicated column on trading by
Mark A. Seleznov, Managing Partner of Trend Trader, LLC.
For information on obtaining Market Calls for your web
site, newspapers, or publication, contact Trend Trader, LLC at 602-948-1146
Disclaimer:
Trading in securities may not be suitable for all
individuals. Consult your broker or other professional to
determine your suitability. This is not an offer to buy
or sell securities. The advice given above is of a
general nature and should not be taken as a
recommendation to buy or sell the referenced security.
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