Sunday, May 2, 2010

Stock Market Video - Outlook for the Week Ahead - 5/2/10

Hi, traders, here's the video for the upcoming week.   This past week was obviously not a good one on Wall Street and was punctuated with a nasty selloff on Friday.   There are some key technical numbers out there to watch right now and I go over those in the video.   While I do tend to think we are setting up for a 10-12% pullback from here, I don't know if it will start this week.   I will not be surprised for the bulls to put up a fight this week, and because of that, I think we'll see some choppy trading this week.   Part two of the video shows some potential stocks to add to your watchlists.

To see the video in HD, please click "720p" and "Full Screen" on the video bar - HD will be available after processing.  







Here are the results from last week's video.   As always, these do not reflect actual recommendations or realistic entry or exit points.   It does however show that nice looking setups were not working well last week and that tells you something about the overall market.


Stock Start Price  4/16/2010 G/L
SA $28.98 $33.94 17.12%
BYD $11.83 $12.70 7.35%
DNR $18.42 $19.15 3.96%
LEN (SS) $20.53 $19.92 2.97%
SPF (SS) $6.58 $6.41 2.58%
XRA $7.61 $7.68 0.92%
HOV (SS) $7.14 $7.11 0.42%
KNDI $5.00 $4.97 -0.60%
LIWA $9.12 $8.78 -3.73%
ONP $10.80 $10.38 -3.89%
GFRE $11.49 $10.75 -6.44%
MDRX $21.61 $20.14 -6.80%
GPRE $14.76 $13.69 -7.25%
INFN $10.00 $9.14 -8.60%
FINL $17.81 $16.11 -9.55%
JBLU $6.52 $5.59 -14.26%
TA $4.76 $4.07 -14.50%
BEBE  $9.83 $8.24 -16.17%
ATPG $22.64 $18.23 -19.48%

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