Saturday, March 26, 2011

Stock Market Video - Technical Outlook for Week of March 28, 2011 - 3/26/11

Hi, traders.   We obviously saw a big bounce this week on Wall Street but that bounce came with many question marks, at least for me.   In this week's video, I first go over my overall market outlook, and then discuss both long and short setups that need to be on your watchlist this week.   I am very cautiously bullish but don't plan on entering any stocks until the markets consolidate a bit here. 

I meant to include these charts in the video but frankly forgot to do so.   These are a few of the indicators I use with Telechart.   They are courtesy of Pradeep Bonde at Stockbee - I have simply tweaked them a bit and piggybacked off his ideas.   They do show some of the question marks that need to be considered (in my opinion) about this current bounce.

Buying/Selling Pressure
Breadth Ratio

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.

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


Anonymous said...

Great stuff as always!

It's hard to be bearish when the Federal Reserve continues to support the markets at all costs.

Anonymous said...

I fully agree with the other comment. The FED can really mess with TA. However, I appreciate you sharing your TA and learn more every time I watch your videos. THANK YOU!

SStrader said...

great vid. i dont want to buy anything yet either. it looks like it will keep going up but in a volatile way.