Saturday, September 11, 2010

Stock Market Video - Market Outlook and Stocks Consolidating Nicely - 9/11/10

Hi, traders - part one of this weekend's video focuses on the overall market as usual.  The big picture still looks bullish overall, but I still believe some consolidation this week would do a lot of good for the longer-term potential of this rally.   I see a lot of bigger-cap leaders right at the top of their longer-term patterns and in some cases are wedging higher, which is not normally good.   I take this as a potential warning sign in the very short-term (again, we need some rest).  

In part two, I show you the stocks that are consolidating nicely as well as some potential pocket pivot plays from Friday.   I am keeping track of these to see how my scans measure up in terms of identifying them correctly.   There were three or four that I believe qualify from Friday and they are shown in the video along with others. 

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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