Video Review of the Indexes 11-1-2009

The major averages sold off hard last week as profit-taking dominated the action.  The lone advance happened on Thursday, but Friday’s selling pressure alone had no trouble erasing it.

The NAZ is now facing a very critical level, and the overall character of this market is quickly changing.  Volatility is expanding, and suddenly traders are remembering that the market can indeed move both directions.

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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