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Video Review of the Indexes 10-17-2010

The bulls posted another solid performance last week as more cash was exchanged for shares.  That took the indexes to new recovery highs, but also brought some important resistance areas into play.

The big question on the minds of traders at this point is whether the pace will slow now that resistance from the spring has been reached.  We’ll find out soon enough, but there’s still no signs of emerging weakness at this point.

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.

Be sure to view in full-screen mode for best quality in the video.

Trade Like a Bandit!

Jeff White
Producer of The Bandit Broadcast [1]

Are you following me on Twitter [2] yet?