Saturday, May 21, 2011

Stock Market Video - Technical Outlook and Setups for Week of May 23, 2011

Hi, traders - it was a choppy week this week on Wall Street, but last weekend I said a break of the trading range would be key and we did see that this week.   The bearish signs remain out there and so until we get some consistent positive action, defense remains the name of the gain.   If you want to trade the long side, I would only do so in smaller positions and with very short time frames.   Actually, I am more short-term in my focus overall simply because the market continues to be very choppy.  We should probably get used to that as the summer trading period approaches.

The video takes a look at the overall market, a breakdown in a key sector, and what's next this week for commodities.   It also shows some long and short setups to watch. 

I 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.   

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Suresh said...

Nice video Mac. Great stocks to watch for this week. Also I feel, if you could provide a paragraph in your article to mention about all stocks mentioned in the video, it will more useful for traders like me

Anonymous said...

Great video - thoughtful as ever. Agree on set-ups, think those shorts will be good. Timeframes very short at present, almost scalping.

Anonymous said...

nice drop but we definitely need some oversold correction (rebound) right now.

shorts--> run 1st, redo it later


Mac said...

Thank you - timeframes remain short.