TheStockBandit.net » Market Commentary http://www.thestockbandit.net Trading blog for day trading, swing trading, and trading psychology Tue, 08 May 2012 16:34:24 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Bulls Still Getting Outsold http://www.thestockbandit.net/2012/05/08/bulls-still-getting-outsold/ http://www.thestockbandit.net/2012/05/08/bulls-still-getting-outsold/#comments Tue, 08 May 2012 16:34:24 +0000 TheStockBandit http://www.thestockbandit.net/?p=6097 The bulls haven’t found their footing yet as the market moves lower within its range.  In some cases, we’re seeing some important recent levels get broken, namely S&P 1357.  The DJIA has approached the lower portion of the 600-point range, and we’re getting a bit stretched in the near term.

Nonetheless, the bears are winning at the moment.  All news is bad news at the moment, and I’m mindful of the Seinfeld episode The Serenity Now where George Costanza gets outsold by his childhood rival Lloyd Braun.  No matter what George tries, he gets outsold.  The bulls can certainly relate.  (Hit the video link below for an entertaining 1-min clip.)

Lloyd Braun outsells George Costanza

While it’s important to be careful pressing shorts at this stage of the pullback, it’s equally important to respect the fact that each bounce has been sold of late.  Trying to get long before we see some stabilization could result in being ‘early’ (read: wrong), thus trapping  you.  It’s never good to need bailing out by the market.

Best suggestion? Stay patient here.  Lighten up on shorts if you’ve caught some good moves.  Keep a shopping list handy if you’re eager to get long, but protect capital here and wait for better setups to arrive.  Most bearish charts need some rest, and bullish charts are hard to come by at the moment.

For those curious about our trading style in the member area, we’d love to show you what we’re all about.  We’ve been short since the end of last month and it’s been a nice little ride lower. Check out the free trial to our stock pick service if you’re interested in adding our ideas to your own.

Trade Like a Bandit!

Jeff White
Producer of The Bandit Broadcast

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]]> http://www.thestockbandit.net/2012/05/08/bulls-still-getting-outsold/feed/ 0 Video Review of the Indexes 5-6-2012 http://www.thestockbandit.net/2012/05/06/video-review-indexes-5-6-2012/ http://www.thestockbandit.net/2012/05/06/video-review-indexes-5-6-2012/#comments Sun, 06 May 2012 19:48:21 +0000 TheStockBandit http://www.thestockbandit.net/?p=6085 Last week the indexes finished red despite having moved higher earlier in the week.  Key levels were approached but the senior indexes were unable to clear them, prompting traders to raise cash.

We caught some nice trades on the week, so in case you missed the recap be sure to check it out.

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.

Selectivity remains the key for new plays, which I’ve been noting for subscribers of our stock pick service.

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

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]]> http://www.thestockbandit.net/2012/05/06/video-review-indexes-5-6-2012/feed/ 0 Key Index Levels for the Week Ahead 4-29-2012 http://www.thestockbandit.net/2012/04/29/index-levels-4-29-2012/ http://www.thestockbandit.net/2012/04/29/index-levels-4-29-2012/#comments Sun, 29 Apr 2012 19:42:17 +0000 TheStockBandit http://www.thestockbandit.net/?p=6057 Last week the indexes headed higher after an initial breakdown, trapping many bears in the process.  That move included an island gap reversal for the NAZ, something we don’t see very often.

The indexes have rallied back up through some important short-term levels, but still face some overhead in the days ahead before the bulls can expect smooth sailing again.

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.  Put these levels on your charts or tape them to your screen, as they may be respected in the days ahead.

Overall, trading ranges still exist for the intermediate-term timeframe.  For that reason, selectivity remains the key for new plays, which I’ve been noting within the member area.

Why I Use TC2000

Why I Use TC2000

Why I Use TC2000

Why I Use TC2000

Trade Like a Bandit!

Jeff White
Producer of The Bandit Broadcast

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]]> http://www.thestockbandit.net/2012/04/29/index-levels-4-29-2012/feed/ 0 Video Review of the Indexes 4-22-2012 http://www.thestockbandit.net/2012/04/22/video-review-indexes-4-22-2012/ http://www.thestockbandit.net/2012/04/22/video-review-indexes-4-22-2012/#comments Sun, 22 Apr 2012 13:08:32 +0000 TheStockBandit http://www.thestockbandit.net/?p=6025 Last week the indexes finished mixed with the NAZ ending in the red (largely thanks to AAPL) while the others gained some ground.  All in all, it was another range-bound week with momentum fleeting as traders instead fixated on individual stocks following earnings reports.

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.

Selectivity remains the key for new plays, which I’ve been noting within the member area.

(Direct video link is here 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/04/22/video-review-indexes-4-22-2012/feed/ 0 Video Review of the Indexes 4-15-2012 http://www.thestockbandit.net/2012/04/15/video-review-indexes-4-15-2012/ http://www.thestockbandit.net/2012/04/15/video-review-indexes-4-15-2012/#comments Sun, 15 Apr 2012 14:00:54 +0000 TheStockBandit http://www.thestockbandit.net/?p=5981 Last week the indexes shed a couple percent (give or take).  Despite the early dip getting bought, the week ended on a sour note as higher prices were again used for raising cash.

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.

Selectivity remains the key for new plays, which I’ve been noting within the member area.

(Direct video link is here 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/04/15/video-review-indexes-4-15-2012/feed/ 0 Video Review of the Indexes 4-8-2012 http://www.thestockbandit.net/2012/04/08/video-indexes-4-8-2012/ http://www.thestockbandit.net/2012/04/08/video-indexes-4-8-2012/#comments Sun, 08 Apr 2012 13:00:10 +0000 TheStockBandit http://www.thestockbandit.net/?p=5923 Last week the indexes pulled back in a minor fashion, but remained range-bound as they held some short-term support zones.

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.

Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks are building high-quality patterns, which should make for plenty of opportunities in the days ahead.

(Direct video link is here 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/04/08/video-indexes-4-8-2012/feed/ 0 Video Review of the Indexes 3-31-2012 http://www.thestockbandit.net/2012/03/31/video-indexes-3-31-2012/ http://www.thestockbandit.net/2012/03/31/video-indexes-3-31-2012/#comments Sat, 31 Mar 2012 19:40:16 +0000 TheStockBandit http://www.thestockbandit.net/?p=5424 Last week we saw the indexes break out to start the week, only to see some mild profit-taking mid-week to leave stocks short-term range bound.

Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks are building high-quality patterns, which should make for plenty of opportunities in the days ahead.

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 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/03/31/video-indexes-3-31-2012/feed/ 0 Video Review of the Indexes 3-23-2012 http://www.thestockbandit.net/2012/03/23/video-review-indexes-3-23-2012/ http://www.thestockbandit.net/2012/03/23/video-review-indexes-3-23-2012/#comments Fri, 23 Mar 2012 21:32:32 +0000 TheStockBandit http://www.thestockbandit.net/?p=5391 The market churned last week with mixed results, yet it was very constructive price action from a technical standpoint.

Selectivity remains the key for new plays, which I’ve been noting within the member area. A number of stocks are building high-quality patterns, which should make for plenty of opportunities in the days ahead.

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 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/03/23/video-review-indexes-3-23-2012/feed/ 1 Video Review of the Indexes 3-16-2012 http://www.thestockbandit.net/2012/03/16/video-review-indexes-3-16-2012/ http://www.thestockbandit.net/2012/03/16/video-review-indexes-3-16-2012/#comments Fri, 16 Mar 2012 21:50:34 +0000 TheStockBandit http://www.thestockbandit.net/?p=5369 The indexes were able to push past some important levels last week to continue their uptrends, and we actually saw some acceleration for the first time in a while.

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 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 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/03/16/video-review-indexes-3-16-2012/feed/ 0 Video Review of the Indexes 3-4-2012 http://www.thestockbandit.net/2012/03/04/video-indexes-3-4-2012/ http://www.thestockbandit.net/2012/03/04/video-indexes-3-4-2012/#comments Sun, 04 Mar 2012 18:13:03 +0000 TheStockBandit http://www.thestockbandit.net/?p=5316 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. 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 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

Get our free newsletter to keep up!

]]> http://www.thestockbandit.net/2012/03/04/video-indexes-3-4-2012/feed/ 0