Hi, traders. I'm taking my chances trying to figure this market out again with this video, although a big part of me is doubting the validity of technicals in this crazy environment. If you are like me and use technicals to read the market, you may have had a difficult time in this market over the past few months. Maybe I am the only one experiencing this - I don't know. Anyway, here's an interesting article to check out sent to me by Position Trader about high frequency trading and the affect it is having on traders. I think it is worth a quick read.
In the video, I look at the all-important dollar, which is at a very interesting point and will likely continue to drive trading as we go forward this week. The video also includes some short-term momentum setups that may work if Thanksgiving week proves to be bullish - of course, that again comes back to the question raised in the article. I will not be trading heavily if at all this week due to the holiday, but it is always good to have some ideas on hand just in case. Good luck.
2 comments:
Its a holiday week and I doubt if any technicals matter at all.I see an up week on low volume followed by a pullback next week. We will see...
Good Luck next week!
Just saw the video...Nice job as always!
I would recommend checking out the solar stocks. Almost all of them beat the estimates and raised the guidance last week. Some solid looking stocks there.
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