Video Review of the Indexes 7-26-2009

Moving out of a multi-month trading range has been a very welcomed sight for many traders in the past week.  It has meant an expansion in volatility, greater momentum than we’ve seen in a while, and new recovery highs for the market from the March low.

However, the way in which it has happened obviously caught quite a few people off guard.  The emotions have combined for a panic buying atmosphere, ripping bears in the process while sparking fears among bulls with cash that prices may never again retreat.

That’s not a logical view of course, but anytime there’s a big move taking place it’s common to see emotions behind the action.

Nonetheless, the indexes are getting back on the move.  And although a rest or pullback from here would be welcomed and healthy, we’re still waiting on it to arrive.  While we wait, it’s a great time to examine some important levels for the indexes to keep an eye on in the days ahead.

This clip was also posted over on the Trading Videos site (as always), and perhaps you’ve seen it there – but in case you didn’t, I wanted to put it here on the blog for you.

Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.

Thanks for stopping by and I’ll see you here soon with more. Until then…

Trade Like a Bandit!

Thanks for stopping by and I’ll see you here soon with more. Until then…

Trade Like a Bandit!

Jeff White

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