The market eased higher last week, shunning a Wednesday reversal which had potential to shift the landscape. However, a Thursday lift made the mid-week pullback ancient history, reminding us once again that the dip-buyers are operating in a highly aggressive fashion.
The market remains stretched here, no doubt about it, but the long side is still the side which is offering the opportunity. Until a character change comes along, you’re either long or you’re wrong. Selectivity is the key for new plays, which I’ve been noting within the member area [1].
In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our weekend process.
(Direct video link is here [2] for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast [1]
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