The buyers went 4-for-4 last week with the major averages recovering what had been lost in the previous week of relentless selling. And for a holiday-shortened trading week, the action was quite good from start to finish.
Traders should be returning to their desks this week, and just in time for the start of earnings season and options expiration. Needless to say, we’re going to need our best, so it’s time to prepare once again for whatever the market brings our way.
As we head into a brand new week of trading, let’s examine some important levels 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.
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