April 11, 2010 at 12:49 pm | | Comments 1

Video Review of the Indexes 4-11-2010

Steady gains were added last week to the recent consolidation we’ve seen in the indexes, producing more new 52-week highs to start the second quarter.  Even the minor dips are still being bought, reinforcing the confidence of the buyers.

The indexes have been unable to pull back since the late-January slide, and it seems as if the new ‘correction’ is more of the sideways nature.  That’s working for now, as it’s keeping the uptrends intact while at the same time eliminating the overbought conditions we saw just a few weeks ago.  The market now looks poised for further strength, so it should be interesting to see how the buyers respond.

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. I think we are going to see a big burst up. After a few months of side movement (without correction) the new money is now ready to profit again.

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