The major averages finished mixed and little-changed last week as they primarily moved sideways to further digest some of the recent run. We’re dealing with several key levels at the moment, and despite having the technical edge, the bulls have struggled to produce an acceleration of the uptrends.
Selectivity remains the key for new plays, which I’ve been noting within the member area [1]. A number of stocks remain within uptrends, but it hasn’t been the kind of market which has rewarded buying blindly.
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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