Saturday, December 4, 2010

Stock Market Video - Technical Outlook and Setups for Week of December 6, 2010

Hi, traders.  Obviously a very bullish week on Wall Street this week, and as such, all signals point to getting long if you are not already long, or staying long if you got in early in the week.   We are a bit extended after three days higher so a pullback could come early next week, but any pullbacks to the short-term moving averages should be viewed as buying opportunities unless they are accompanied by major volume.  Part one looks at these issues in more depth.

In part two, I go over some setups to watch - many stocks already started moving this week so there aren't a ton of lower-risk setups, but I share the ones I would watch.  China has been weak recently but I continue to think those stocks are worth watching for a bounceback rally.

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.  

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

No comments: