Sunday, June 12, 2011

Stock Market Video - Technical Outlook and Setups for Week of June 12, 2011

Hi, traders.  Here's your look at the week ahead on Wall Street.   Obviously the past week was tough as many traders (including me) expected a bounce at some point that just never came.   We're getting to some key levels from which a bounce should occur, and I go over those levels in the video.   When we do bounce, I think it will be strong but short, and since we have so much bearish evidence from a longer-term perspective, any meaningful relief bounce is probably a good chance to get short. 

In the video, I also go over a list of stocks that are holding up best in this market.   You always want to do your due diligence on all stocks, and those that hold up best when the market is selling off are typically the ones that will lead the market higher when it bounces.

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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1 comment:

Dale said...

Great video. Thanks a lot Mack!