Stock Market Videos - Weekend Market Summary - 7/19/09

Hi, traders. Here's three videos for you to check out going into next week. The first two look at the market - part one deals with the indices and part two deals with some individual setups if you're looking to trade this week. We are very overbought here with the Nasdaq up eight straight sessions, and a pullback would not surprised (actually a quiet one would be the best thing for the bulls). That being said, with the absolute deluge of earnings reports this week, who knows what's going to happen? The bulls better hope they are good based on the setup, but if they are, maybe overbought can simply become more overbought.

Part One - Overall Market and Indices - 7/19/09

Part Two - Long and Short Setups - 7/19/09

The second video takes a look at earnings trades, which is something I've been talking about this week. Based on my lack of trust for this market for any number of reasons, I am really only comfortable going long in these setups because at least they have a clear catalyst to push them higher. It isn't a given that many will show up, especially because so many worked well last earnings season, but it is where my focus will be. The video examines two examples of big winners that started based on earnings surprises and also talks about ways to manage these trades if you can get into them early. Hope it helps.

Trading Earnings Surprises - 7/19/09

As always, you can right click and hit "save as" to save the videos to your computer. Best of luck next week - it should be interesting if nothing else. Take care.