Video Review of the Indexes 10-18-2009

The bulls were back at it again last week as they produced new recovery highs in each of the major averages.  The net gains weren’t overly impressive, but the mere fact that the market keeps climbing certainly is.

Many stocks have become short-term extended and in need of rest.  Consolidation has been a rare condition for this market since the March lows were put in, but that’s the nature of a rally when the prevailing mindset is that of not wanting to miss out.

As we head into a brand new week of trading, let’s examine some important levels in the indexes 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.

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!

Jeff White

Are you following me on Twitter yet?