Video Review of the Indexes 11-22-2009

A push to new highs just happened once again, and the bulls remain in control of the tape despite the weak finish which erased the gains from earlier in the week.  Higher highs in place means the uptrends are still intact, and that certainly deserves our respect.

Speaking of respect, this week we’re very likely to see some extremely light volume as the Thanksgiving holiday rolls around.  With the market closed on Thursday and open for a 1/2 day on Friday, the end of the week could be extra quiet.  Before then though, it’s wise that we remember the light activity we’ll probably see, and trade smaller as a result.  Throwing caution to the wind and pressing forward as if it’s a typical week isn’t the way to go, so respect the lack of participation out there and make adjustments accordingly.

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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