Saturday, March 5, 2011

Stock Market Video - Technical Outlook for Week of March 7, 2011

Hi, traders. We finally got through an awful, trendless week on Wall Street and hopefully will have some follow-through up or down soon. In this video, I look at the key levels to watch this week and also show you short and long setups to be prepared for a move in either direction.

Hope you find the video helpful and informative.   As always, feel free to email me with questions or comments - I enjoy hearing from my readers.

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marc said...

Hey, Mac grat video once again. I believe HOGS has earnings monday morning. TSLA looks like a play for Monday as well. Some other names are HGR, LMLP has great volume patterns, HDY for continuation, SFLY, CVLT looks great, GTLS, OTEX, SCI. If I have time later I will throw out a few more.
This market is a 2 way market. There are both longs and shorts out there. Even if new highs are made it will be led by a narrower group which will set us up for more of a correction soon after.

Mac said...

Thanks Marc. I certainly agree with your last sentence. IF we do rally to new highs, I have to believe it will be an even shorter rally. Narrowing is a good word. At some point, this will come back to haunt the bulls. Maybe not yet however.

I'll check those names out when I get a chance.

ebcarpentry said...

Hope your enjoying your weekend. Its raining a bit here in Ct. Just wanted to say thank you for another great video. Your hard work is very much appreciated. I have been trading for about 2 1/2 years now and find a new learning experience each day, especially in this chop fest. Six of those months are now full time. Sure glad there are generous people out there such as yourself to help cut my learning curve down. With my dedication, long hours and hard work in the market I hope to be sucessful in my trading career. Thanks again!

JP said...

Great video once again; thanks Mac.

Mac said...

EB - it seems to be raining everywhere this weekend. Better than snow however.

Thanks for the kind words guys.

Anonymous said...

Thank you Mac for excellent market comments. This is helpful for navigating this difficult market!