April 04, 2010 at 12:37 pm | | Comments 1

Video Review of the Indexes 4-4-2010

Last week proved to be quiet with only 4 sessions, and yet gradual strength emerged once again with each of the indexes making upside progress.  The DJIA and S&P 500 each tagged new 52-week highs, while the NAZ remained in its consolidation zone just shy of resistance.

We’ve seen some needed rest lately, which has already done quite a bit to create some short-term bases in the charts of many individual stocks.  More of the same would be healthy, although the buyers have momentum right now and don’t seem eager to relent.

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. Nice analysis. I’ll keep an eye on that channel of Dow.

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