Video Review of the Indexes 6-20-2010

The major averages finally put in a few days of rest last week after some lively action on Monday and Tuesday, holding onto some nice recent gains.

Key resistance zones have for the most part been cleared (with the RUT being the exception), and currently are serving as short-term support.  Even if we see those levels given up in the days ahead on a dip, it wouldn’t be such a bad thing.  That’s based on the potential for a higher low to form on the next pullback, so as always, it’ll be the character of the next dip that will hold valuable information for us.

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.

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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