All Entries Tagged With: "NASDAQ"
Video Review of the Indexes 5-23-2010
May 23, 2010 at 7:31 pm
The bulls did some suffering last week, there’s no question about it, but they were able to put together a modest rebound on Friday after an exhaustion gap to the downside. The relatively minor recovery seen from there constitutes, for now, a successful test of the May 6th lows.
But we sure don’t know yet whether those support zones will hold. After all, we just confirmed a lower high on the daily charts of the indexes, and that’s nothing to ignore. The short-term trends are down, but the stretched nature of the most recent pullback opens the door for some additional potential on the bounce, so stay tuned.
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
Are you following me on Twitter yet?
Video Review of the Indexes 5-16-2010
May 16, 2010 at 6:59 pm
Last week we saw the indexes make some headway, but it just didn’t feel that way. What started out with a massive upside gap on Monday and additional strength into Wednesday’s close, actually ended with plenty of downside on Thursday and Friday.
On an open-to-close basis, the week was negative, but on a Friday close-to-close basis, it was an up week. That’s just how it is when emotions are running high and volatility expands. And that’s exactly the kind of market we’re in right now.
But that is a good thing, because it means stocks are on the move in both directions, offering plenty of potential for profitable trades – if you know your stuff.
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
Are you following me on Twitter yet?
Video Review of the Indexes 5-9-2010
May 9, 2010 at 12:45 pm
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
Are you following me on Twitter yet?
Video Review of the Indexes 4-25-2010
April 25, 2010 at 3:21 pm
A week ago, traders were mulling over the option expiration Friday selloff which brought the most red the indexes had seen in a couple of months. The S&P 500 broke its uptrend line, and many wondered if that might be the end of the rally.
And then last week arrived. The buyers stepped in once again, keeping the uptrend intact. And perhaps just to prove their point, more new 52-week highs were made on Friday. That’s an important reminder that the uptrends still deserve respect, and that the top-calling game might hold appeal for some, but it isn’t paying very well at this point.
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
Are you following me on Twitter yet?
Video Review of the Indexes 4-18-2010
April 18, 2010 at 12:48 pm
More new highs were reached yet again last week, although the week ended with some abrupt selling. What was shaping up to be a quiet down day turned into the biggest drop we’ve seen in a couple of months, thanks in large part to news out of GS.
Regardless, the turn lower is good in the short-term for a couple of main reasons. First, it reminds traders that the market CAN go down! Many have forgotten that in recent months. Second, it should help some new bases to form in the charts of individual stocks, and even lasting reversals in some cases. The shake-up will be nice, so if the selling caught you off guard, don’t worry.
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
Are you following me on Twitter yet?
Video Review of the Indexes 4-11-2010
April 11, 2010 at 12:49 pm
Steady gains were added last week to the recent consolidation we’ve seen in the indexes, producing more new 52-week highs to start the second quarter. Even the minor dips are still being bought, reinforcing the confidence of the buyers.
The indexes have been unable to pull back since the late-January slide, and it seems as if the new ‘correction’ is more of the sideways nature. That’s working for now, as it’s keeping the uptrends intact while at the same time eliminating the overbought conditions we saw just a few weeks ago. The market now looks poised for further strength, so it should be interesting to see how the buyers respond.
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
Are you following me on Twitter yet?
Video Review of the Indexes 4-4-2010
April 4, 2010 at 12:37 pm
Last week proved to be quiet with only 4 sessions, and yet gradual strength emerged once again with each of the indexes making upside progress. The DJIA and S&P 500 each tagged new 52-week highs, while the NAZ remained in its consolidation zone just shy of resistance.
We’ve seen some needed rest lately, which has already done quite a bit to create some short-term bases in the charts of many individual stocks. More of the same would be healthy, although the buyers have momentum right now and don’t seem eager to relent.
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
Are you following me on Twitter yet?
