The major averages moved mostly sideways last week with the big 3 posting only small gains as stocks rested near key levels. Each of them were able to mark new intraday recovery highs, but the strength didn’t inspire more buying and instead the market simply based overall.
Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks remain within uptrends, but it’s the kind of market which is rewarding some finesse with entries more often than chasing strength.
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.
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Trade Like a Bandit!
Producer of The Bandit Broadcast