All Entries Tagged With: "DJIA"
Video Review of the Indexes 9-7-2009
September 7, 2009 at 3:55 pm
Hopefully your Labor Day holiday was a good one! Mine was spent with family, relaxing and celebrating the 2nd birthday of my son – a great way to completely forget about the market in fact!
But it’s time once again to gear up for a brand new week of trading, and I’m excited about it. With Labor Day now behind us, seasonal volume should ratchet up in the weeks ahead, bringing along with it some stronger momentum – regardless of which direction this market moves.
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
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
Are you following me on Twitter yet?
Video Review of the Indexes 8-30-2009
August 30, 2009 at 2:02 pm
The bulls had a wonderful opportunity to thrust the market higher last week, but they passed it up.
Instead, they merely provided support on the dips, preventing any downside damage from being done. It wouldn’t have taken much to push the indexes to new recovery highs once again, but the light-volume action which is so prevalent in late-August conditions prevented any momentum from gaining traction, leaving us in a holding pattern.
This week, we could see that change. The bears could reassert themselves and spark a selloff, thereby giving the bulls something to ponder over the coming 3-day Labor Day weekend. Or, the bulls could simply return to business as usual and keep on doing their thing.
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
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
Are you following me on Twitter yet?
Video Review of the Indexes 8-23-2009
August 23, 2009 at 1:38 pm
Following a rest phase after the big run from the July lows, the indexes threatened last week to break down, only to reverse higher and breakout instead.
As the bears got trapped, they were forced to cover shorts while the bulls seized another opportunity to push the major averages to their best levels on the year.
But just as the bears saw a false breakdown last week, this week all eyes will be on the bulls to see whether they’ll be able to produce the necessary upside follow through to avoid a similar trap.
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
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!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Video Review of the Indexes 8-9-2009
August 9, 2009 at 2:52 pm
The upside momentum off the July lows continued last week as the indexes surged higher once again. Strength on Monday and Friday made the difference, taking the market to its best levels of the year.
We’ve seen very little rest in recent weeks, and certainly no pullbacks lasting longer than just a few hours. With the bulls having clearly established their dominance, will they finally move to book some profits this week or instead will they continue to frustrate the bears?
Let’s examine some important levels in the indexes to keep an eye on in the days ahead, as that will have the greatest influence on how individual stocks are going to move.
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!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Video Review of the Indexes 8-2-2009
August 2, 2009 at 2:12 pm
We’ve seen some nice moves in the past few weeks, with many stocks awakening from their slumber to sprint to higher levels. The indexes have done the same thing over the same stretch.
Although we’ve seen some incremental gains in recent days, overall the pace has definitely slowed. And that’s actually a good thing.
Rest is needed after a huge surge higher. Traders re-evaluate their positions, those with cash wonder if they might be chasing, and the shorts get concerned that perhaps a pullback won’t arrive in the timeframe they desire. So things get quieter, and some consolidation is seen. That’s exactly where we are right now.
But following this rest phase, momentum may well return, and we’ll need to have some clues to watch for in case that starts to happen. So, let’s examine some important levels in the indexes to keep an eye on in the days ahead.
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!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Video Review of the Indexes 7-26-2009
July 26, 2009 at 4:43 pm
Moving out of a multi-month trading range has been a very welcomed sight for many traders in the past week. It has meant an expansion in volatility, greater momentum than we’ve seen in a while, and new recovery highs for the market from the March low.
However, the way in which it has happened obviously caught quite a few people off guard. The emotions have combined for a panic buying atmosphere, ripping bears in the process while sparking fears among bulls with cash that prices may never again retreat.
That’s not a logical view of course, but anytime there’s a big move taking place it’s common to see emotions behind the action.
Nonetheless, the indexes are getting back on the move. And although a rest or pullback from here would be welcomed and healthy, we’re still waiting on it to arrive. While we wait, it’s a great time to examine some important levels for the indexes to keep an eye on in the days ahead.
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!
Thanks for stopping by and I’ll see you here soon with more. Until then…
Trade Like a Bandit!
Jeff White
Are you following me on Twitter yet?
Steep Trend Lines Beg to Be Crossed
March 9, 2009 at 12:41 pm
This market is ugly – as in really hideous.
Fear & Panic aren’t really even the appropriate words at the moment for this price action. It’s more like sheer disgust.
Would-be buyers are trusting that they’ll see lower prices (almost by the day) to put their cash to work, so what’s the hurry? And at the same time, bears who will eventually cover aren’t having to tiptoe around – they’re strutting. Likewise, they sense no urgency for needing to exit short sales.
Such is the nature of a downtrend.
From the Mood to the Technicals
But as is often the case, there is a technical threat of a short-term reversal. And it isn’t based on the oversold indications which are quite prevalent right now. Simple is usually better in technical analysis, so in this post I’m just going to point to a couple of trend lines which are looking a bit too steep.
It’s important to note that the steeper a trend line tends to be, the more likely (and the sharper) a short-term reversal becomes. So this is no prediction, but watch for a cross of these trend lines in the coming days should it happen to occur. If it does, it just might produce a playable bounce. (Notice I said bounce.)
A Look at the Charts
Up first: the DJIA. Keep in mind this trend line is descending daily, so it changes daily. At the moment though, a push back above the 6760 area would clear it. Have a look:
StockFinder Chart courtesy of Worden
Next: the S&P 500. Here again, the trend line descends daily and therefore should be double-checked to determine its exact value. For now, a push back above the 700 level would produce an upside break and might result in a tradable bounce. Here’s the chart:
StockFinder Chart courtesy of Worden
I hope your trading week is a good one!
Jeff White
President, The Stock Bandit, Inc.
Swing Trading & Day Trading Service
www.TheStockBandit.com
[tags]Stock Market, Day Trading, Stock Trading, Investing, Swing Trading[/tags]
