Sunday, April 24, 2011

Stock Market Video - Technical Outlook and Setups for Week of April 25, 2011

Hi, traders and happy Easter - here's the regular video that takes a look at the overall market and some setups that do NOT have earnings this week (well, most of them don't as far as I know).  Things look good overall for the bulls but a bit of a rest would not surprise after two straight opening gaps for the Nasdaq. 

If you have not already done so, you can check out my video from yesterday about earnings setups this week as we have something over 1000 releases over the next five days.

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.  If you like the videos, please take a moment to leave a review on Investimonials.   I appreciate those of you that left a review last week.

1 comment:

Anonymous said...

hi mac

this is my opinion only:
(1) be aggressive on individual stocks - longs. join the final and big distribution wave before end of QE2. sometimes, daily up-n-down doesnt matter, dun shake out.

(2) leave the index (dow) / ETF, dun short bcuz the dayopen gap up/down is too tricky imo.

for point(a), i believe mac has the right TA skillz to pick the right stocks. 6mths, 12mths daily charts + 2yrs weekly chart + indicators + your breath rate etc.