- Today certainly was a bearish day as three-day support was broken and futures are already down for tomorrow. A further breakdown would likely signal an end to this rally.
- Retail and financial ETFs look particularly bearish which is not good for the overall market.
- Video focuses mainly on short setups for tomorrow - lots of stocks that look like they may be failing at their 50 day moving averages.
**** Here's a link that should work better for IE users if the first link doesn't work
5 comments:
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Excellent video. Great analysis.
Rik
great video - thanks for the ideas. nice catch on the SWK volume. looking for follow-thru tomorrow
Good vid Mac. those charts... its amazing how they just rally to resistance and get knocked.
tomorrow, I am expecting the unexpected. I'm really going into this with a contrarian's heart since we probably sell off on auto news.
For now, I'm 100% short (Vix kindah made a short short term bottom today. glad i obeyed it.)
... i gotta figure out how to download your vids to my iPod, that way I can watch it at the gym instead of the Golf Channel.
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