Video Review of the Indexes 5-16-2010

Last week we saw the indexes make some headway, but it just didn’t feel that way.  What started out with a massive upside gap on Monday and additional strength into Wednesday’s close, actually ended with plenty of downside on Thursday and Friday.

On an open-to-close basis, the week was negative, but on a Friday close-to-close basis, it was an up week.  That’s just how it is when emotions are running high and volatility expands.  And that’s exactly the kind of market we’re in right now.

But that is a good thing, because it means stocks are on the move in both directions, offering plenty of potential for profitable trades – if you know your stuff.

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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