December 13, 2009 at 3:08 pm | | Comments 2

Video Review of the Indexes 12-13-2009

This market is at home on the range, and just one glance of the daily charts over the past several weeks makes it clear that the standoff between buyers and sellers is still in effect. The bulls have maintained control for 9 months and counting, yet with a wonderful opportunity to produce a breakout and stretch their legs a bit, they’re hesitating.  Why?

Who knows.  The fact of the matter is that as traders, you and I must recognize such things as a trading range, and adjust as needed in order to survive.  For me, that has meant keeping tighter stops and staying selective until better momentum surfaces.  Eventually, this too shall pass, so hang in there!

As we head into a brand new week of trading, let’s examine some important levels in the indexes to keep an eye on in the days ahead. That will have the greatest influence on how individual stocks are going to move, so it’s where the trading week begins.

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!

Jeff White

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  1. thank you for the review!

    We have a nice bullish flag and a great upward trend…
    it is too nice and USD was strengthening last week. I can’t wait to see what is really going to happen; and holding powder dry in the meantime.

  2. Sounds like a good plan Rofsjan (having plenty of cash on hand). The bull flag is a large one, and we could see it resolved to the upside if the bulls will get in gear. But there’s no need to anticipate yet, as waiting for the range to get broken should offer us greater reliability for the next move.

    Thanks for stopping by!


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