Video Review of the Indexes 5-9-2010

The character of the market changed significantly last week, highlighted by Thursday’s all-out crash.  Four consecutive declines left the major averages with losses on the week of 5-8%, and the dip-buyers who have shown so much confidence in recent months have disappeared completely.

At this point, stocks could go either way.  We’ve fallen far and fast enough that a relief bounce isn’t out of the question.  At the same time, we have yet to see prices stabilize…all of which combine for one very interesting situation as we move toward Monday.

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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