Sunday, May 1, 2011

Stock Market Video - Technical Outlook and Setups for First Week of May

Hi, traders - here's the second video for the weekend.  In it I take a look at the overall market and what eventually could cause the market to pullback more significantly.   For now, however, the bulls remain fully in control.   I also show setups that do not have earnings this week and could be played on breakout moves with heavier volume.

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.  

 

2 comments:

Anonymous said...

hi mac

i squared 1/3 position as planned. if dow forms a little white candle with identical long and upper shadows and less volume than tue or wed, i will square another 1/3 and concentrate on daytrades. the reason is i dun think there will be any big gap-up dayopen in the next "few" days. so, daytrades (mainly long) should be able to catch the intraday move.

mini-me.

Anonymous said...

hi mac
2/3 longs squared.

i now holding only stocks, no derivatives/ETF of dow or whatever.