Saturday, August 14, 2010

Stock Market Video - Market Outlook and A Look at Why This Market Has Been Tough - 8/14/10

Hi, traders - here are some videos for the upcoming week.   Part one takes a look at the overall market and the technical breakdown this past week.   While I expect some chop early this week or a potential bounce due to oversold conditions, I still think Wednesday's sell-off was very significant so any bounce should be shorted in my opinion.   It would take a major effort for the bulls to bounce back at this exact point, although in a still thin trading environment, who knows?

In part two, I don't go over any setups, because I really don't see any for the next few days.  It's a little late to short here (wait for a bounce or sideways action) and I don't like trying to call a bottom, so I see no reason to go long.   I do look at a few stocks that show exactly why this market has been difficult for technical traders for the past few months.   I think these stocks illustrate perfectly the problems that I know I have had and I believe others have also experienced this summer.

Hope you find the videos helpful and informative.   As always, feel free to email me with questions or comments - I enjoy hearing from my readers.   Have a great weekend and good luck next week.

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

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