Sunday, June 28, 2009
Hi traders - here's the video for the upcoming week. Although with the rebalancing Friday I saw a ton of weird moves on all-time heavy volume, I am still leaning bearish here based on the individual patterns I see on so many stocks. I go through some of these in the video - had to narrow them down but if you check out the last two videos, you'll see more in there. I need to see new highs on the Nasdaq before I would look to go long again based on the charts I am seeing. I believe this is a shortened trading week because of the holiday so things could be volatile. Take care and best of luck this week. As always, feel free to email me or post comments if you have any questions.