Video Review of the Indexes 8-23-2009

Following a rest phase after the big run from the July lows, the indexes threatened last week to break down, only to reverse higher and breakout instead.

As the bears got trapped, they were forced to cover shorts while the bulls seized another opportunity to push the major averages to their best levels on the year.

But just as the bears saw a false breakdown last week, this week all eyes will be on the bulls to see whether they’ll be able to produce the necessary upside follow through to avoid a similar trap.

Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.

This clip was also posted over on the Trading Videos site (as always), and perhaps you’ve seen it there – but in case you didn’t, I wanted to put it here on the blog for you.

Let me highly suggest clicking the “HD” on the video player and then going full-screen for best quality.

Thanks for stopping by and I’ll see you here soon with more. Until then…

Trade Like a Bandit!

Thanks for stopping by and I’ll see you here soon with more. Until then…

Trade Like a Bandit!

Jeff White

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