Bulls Taking A Breather

The bulls posted another gain last week, but overall they’re allowing the major averages to put in some needed rest. Last Thursday’s intraday reversal to the downside caught many traders offguard, but it’s action like that which will ultimately allow the charts of individual stocks to begin building new bases and not get too extended to the upside.

This week should be interesting as we wait to see how much more rest the market can get while the focus begins to shift slightly from such an economy-sensitive environment to the action in individual stocks. We have earnings season really starting to get underway, so be sure to keep an eye on the earnings calendar so that you can avoid any surprises in stocks you might hold.

Also, be sure to check out this week’s Market View page over at TheStockBandit.com before you start your trading week for a closer look at the indexes and some chart comments which were posted this evening. This info is provided every night for members at TheStockBandit.com along with individual stock plays, but the market commentary is posted on Sundays as a free resource for those of you who may be interested.

Trade well this week and stay patient out there!

Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com

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