Saturday, December 11, 2010

Stock Market Video - Technical Outlook and Setups for Week of December 13, 2010

Hi, traders. Another bullish week on Wall Street - hopefully you were able to get in last week and hold on for the ride.   We do have some slight negative divergences out there with commodities not bouncing back strong the past two days and volume on the indices kind of iffy, but price is the most important thing to watch.  Certainly, the market continues to move higher and so there is no reason to fight it.   We are extended here so if you're not currently invested, you may want to wait for a brief pullback, but overall things remain bullish and until we get some heavier volume selling, no need to overthink it.

Part two goes over some long setups worth watching this week. I was kind of surprised that I found as many decent charts as I did because the market overall looks extended. I guess you don't argue with it - just go with it.

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.


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