Saturday, October 9, 2010

Stock Market Video - Market Outlook and Bullish Stock Setups - 10/9/10

Hi, traders.   In part one, I take a quick look at the overall technical picture (quick because earnings this week will likely make technicals unimportant).   I also look at the big-cap growth leaders and how they have acted recently - most have behaved well after having big moves up and that bodes well overall for the market.   Just like last week, if we break through the short-term moving averages on heavier volume, I would watch out, but until it happens, you have to stay long.

In part two, I go over some bullish setups that you should watch this week.   Hopefully you were able to catch NOR from last week - up 20% in the last three days.   Right now, I am not going to be very aggressive on the long side due to the earnings season starting, but if a setup is there that I really like, I will consider taking it.   I am long IDSA as of now.

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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