Saturday, September 25, 2010

Stock Market Video - Technical Outlook and Setups for the Week Ahead - 9/26/10

Hi, traders. After pulling back for three days this week, the market took off again on Friday and really looks like it wants to go higher. We've have gone quite a ways in a short period of time, and there are a few worrisome divergences out there, but overall things look bullish and there is no reason to guess when this rally is going to stop.

Part two goes over the few technical setups I see right now.   Unless you got in early, it's been a tough ride to play because so few stocks have rested and allowed secondary buy points.   I've included the few that are resting right now but some don't have the fundamentals I would like to see.

Here are the results from the charts posted last Monday morning - pretty good overall.  Hopefully you caught some of the winners (at least better than I did.)

Stock 9/17/2010 9/24/2010 Gain/Loss
JASO 7.32 8.31 13.52%
NXTM 16.49 18.59 12.73%
MMR 14.57 16.35 12.22%
REXX 11.26 11.91 5.77%
VMED 21.7 22.74 4.79%
ZUMZ 20.01 20.64 3.15%
WLL 92.78 95.28 2.69%
CVGI 10.06 10.3 2.39%
CRM 116.74 119.34 2.23%
RES 19.62 19.94 1.63%
IDSA 13.69 13.55 -1.02%

I hope you find this week's videos helpful and informative.   As always, feel free to email me with questions or comments - I enjoy hearing from my readers.   I also wanted to point out that the trading software I use and recommend (Telechart) is having a special sale on their Platinum service (intraday real-time streaming quotes) from now until October 4th.   For this limited time period, they are offering four months free on a twelve month subscription(a 50% bonus) or 10 months free on a two year subscription(a 71% bonus).  Click on the picture below for more information about this tremendous value.

Have a great Sunday 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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