Video Review of the Indexes 10-2-2011
September marked the 5th straight monthly decline for the S&P 500, and yet the indexes remain range-bound for now. A break could be imminent, and with short-term lower highs in place, that’s not an encouraging sign for the bulls.
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 HD and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
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Mike Nelson | Oct 2, 2011 | Reply
Thanks for the video. I have been tracking stock at or near new highs and those at or near new lows. I like to use Darvas Boxes for investing. I have noticed that those stocks making new lows have been behaving very well, in terms of Darvas Boxes, on the way down. I haven’t been doing this long enough to know, but it seems that this behavior tends to favor an argument that stocks will move lower. Personally, I would like to wait for definite general market confirmation of direction, in conjunction with my day to day stock analysis, before jumping in to any short trade, but I am poised.
Lama Forecasting | Oct 3, 2011 | Reply
Nice, this is the first time i watched a video from you.
We are in a difficult zone at the moment. Horizontal pattern,
ups and downs, false breakouts etc.
Anonymous | Oct 3, 2011 | Reply
I think you’re on the right track Mike, tons of names are acting heavy with low-level consolidations or Darvas boxes within downtrends. Should continue until it changes.
Thanks for stopping by!
Anonymous | Oct 3, 2011 | Reply
Should have plenty more videos coming soon, so stay tuned. 1101 S&P tested today, bottom of the range. Could still break down, but for the moment still in the wide range of indecision.