Video Review of the Indexes 4-25-2010

A week ago, traders were mulling over the option expiration Friday selloff which brought the most red the indexes had seen in a couple of months.  The S&P 500 broke its uptrend line, and many wondered if that might be the end of the rally.

And then last week arrived.  The buyers stepped in once again, keeping the uptrend intact.  And perhaps just to prove their point, more new 52-week highs were made on Friday.  That’s an important reminder that the uptrends still deserve respect, and that the top-calling game might hold appeal for some, but it isn’t paying very well at this point.

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

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