Video Review of the Indexes 10-28-2012
Here’s a rundown of the major averages as they currently stand, along with the key levels they’re dealing with as we head into a brand new week of trading. This is where the trading week starts, knowing the impact the indexes will have on how individual names move.
Run time is 5:45.
(Direct video link is here for those interested in embedding it elsewhere to share).
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Jeff White
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Stock Kevin | Oct 28, 2012 | Reply
Looks like we have a lot of resistance up ahead even if it bounces.
TheStockBandit | Oct 29, 2012 | Reply
Yes both in terms of levels to contend with as well as the psychology of those who missed their chance to exit on the way down and who now just want to be made whole. They tend to slow the recovery process initially as they sell into strength once it returns.
Thanks for your comment Kevin!
Jeff