Sunday, June 21, 2009

Stock Market Video - Weekend Market Summary - 6/21/09

Hi traders - here's the video for the weekend. One of the skills I hope I have developed as a trader of five or so years is patience. I certainly need more - every trader probably could use more - but learning when to trade and when to sit back and do nothing is very important for long-term success. As I discuss in the video, there are just too many conflicting signals right now for me to get overly bullish or overly bearish here. That's why I don't plan on doing much of anything here except watch and see what the market wants to do. I try to explain why I have that outlook in the video. There are some charts that I will be watching in particular as "tells" and I show those as well in the video. Happy Father's Day to all the dads out there - take care and have a great week ahead.

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1 comment:

Nergo said...

GREAT ADVICE ... PATIENCE IS KEY FOR NOW ... Especially since the markets had a 40% run-up since the March lows and looks a week ago to top-out some what. Great Advice!! Just wait for a trend. Thanks!!