Video Review of the Indexes 8-15-2010

The first serious pullback in over 6 weeks arrived last week as the major averages came under pressure.  Rising trend lines were broken, and cash was raised in light of renewed market concerns.

Short-term uptrends have now been broken, but that doesn’t mean the recovery is necessarily over for this market.  The July lows are posing as intermediate-term lows, and if those zones are able to hold, the buyers will be able to breathe a sigh of relief.

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 suggest going full-screen for best quality in the video.

Trade Like a Bandit!

Jeff White
Producer of The Bandit Broadcast

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