Video - Weekend Market Summary - 12/28/08 - Some Setups for the New Year

Here's the video for this weekend. I am not planning on trading for a number of reasons this week, but I would expect volume to pick up starting January 5 and I am getting my watchlists ready for that week. Main points for the video include:

• Still in a trading range and I expect it to continue this week with the holiday trading.
  
• Still seeing more short setups compared to the number of long setups I see. That has me still leaning more bearish on the overall market come 2009.
  
• As always, though, I am open to whatever the market wants to do. I will look for volume as confirmation for a move above 920 (breakout) or below 850 (breakdown).
  
• This will be the last video for this year as my wife is giving birth Tuesday and my focus will move from trading stocks to changing diapers for at least a few weeks until we get in a routine with two kids instead of one. If the blog posts slow down, you know why.

Have a great week and I wish all my readers the happiest of New Years. Now off to watch some football - too many great games this week to miss any of them. Take care.

Weekend Market Summary – 12/28/08

**** Here's a link that should work better for IE users if the first link doesn't work