All Entries Tagged With: "Trading Videos"
Video Review of the Indexes 9-27-2009
September 27, 2009 at 1:10 pm
Those who have been hoping for a correction in the market finally got a small taste of one last week. It wasn’t a significant one, but it was the first 3-day dip we’ve had in a month. Does that mean the fun is over for the bulls? Let’s not jump to any big conclusions just yet.
After tagging new recovery highs (again), we saw the market reverse hard on Wednesday and show some downside follow through for the remainder of the week. We’re still above recent resistance levels (which may now serve as support), and the trend is still up. That could change, yes, but we’re to trade what we see and not what we think.
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?
Understanding the Quiet Rally
September 23, 2009 at 8:32 am
It’s been one impressive rally…by some measures. The indexes have made an about-face from the March lows, refusing to look back as they erase so much of the carnage of the bear market. The move has been persistent and consistent…just a ton of green days.
But very few big days. Have you noticed?
I’ve been amazed at the lack of volatility, especially recently. It seems a huge day for the DJIA has become a triple-digit net change from the prior day’s closing levels. Just a few months ago, we were getting gaps that big to start the day, nevermind the several-hundred-point moves which were commonplace. Needless to say, it has indeed become a quiet rally.
In order to understand it a bit better though, I turned to an indicator to help make sense of it all, and I was surprised at what I found.
Different Directions
In the video below, I’ll walk you through my thought process that led me to doing this, and of course I’ll explain what it is that I discovered. Of equal importance, you’ll understand how and why navigating this market for as long as this rally runs its course will require a different approach than what is ‘typical’ (if there is such a thing in the market).
Here’s a video explaining it. Select the HD option and go 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 9-20-2009
September 20, 2009 at 12:59 pm
The market climbed higher once again last week, reaching its best levels since last fall with more persistent upside and relentless strength.
The bulls are flat-out refusing to rest, which has resulted in a continuous bid beneath the market. Every minor dip has been bought, which is frustrating both bulls who want to put cash to work at lower levels and bears who are itching to see a turn lower begin.
The wait continues at this point for a correction, and although the indexes badly need to pause or see some profit-taking, there’s still no technical reason here to turn bearish. The presence of short-term overbought conditions does necessitate caution on the long side though, and this week that could prove to be of particular importance.
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 9-13-2009
September 13, 2009 at 2:58 pm
Although last week was an abbreviated trading week, the bulls wasted no time in getting back to work. In the process, they propelled the indexes to new recovery highs, reaching levels not seen since last fall.
Needless to say, that keeps the uptrend very much intact, but it doesn’t mean reckless buying is warranted here. In fact, in the near term the market has become rather extended, and some rest and/or profit taking could easily develop. And actually, that wouldn’t be such a bad thing…new bases could be established after some rest which would offer a new mix of potential plays.
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 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?
Stack the Odds for Daytrading Success
September 3, 2009 at 5:04 pm
Trading is all about stacking the odds for success. Risks must be taken in order to get paid, but the key is gauging under which circumstances the potential reward really outweighs that risk.
I discussed taking risks in a recent post, and I felt that a follow-up and an example of what I was referring to was in order. Here it is.
Many of my trades are continuation plays. They can be great for offering situations which warrant putting some money on the line once clues of a continued move are present.
However, there are many opportunities on the intraday timeframe which are exhaustion/reversal kinds of setups.
Buy or sell programs, news, and just plain old momentum drive stocks far beyond the pain thresholds of traders, carrying price a considerable distance in one direction or the other. That opens the door for some recoil, and catching the turning point can be quite lucrative.
Stacking The Odds
Here in a moment, I’m going to show you exactly what I mean in a video, but first let me outline a few keys which combined to produce a great trade in this situation.
- Corresponding market action. With the indexes having a distinct possibility of a short-term turnaround, conditions were ripe for similar price action in individual stocks. This is a point I make over and over in the weekly index videos.
- Prior key level on the daily chart of this stock was being tested. A huge intraday move which carries price right to a previously important level on the daily chart will increase the odds for a quick recoil move.
- Intraday price action suggested the move was becoming exhausted. That indicated that a reversal could quickly develop in the stock.
Here’s a video explaining it. Select the HD option and go full-screen for best quality:
Stack multiple factors in your favor for a great trading situation. They’re worth waiting for!
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
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?
