Sunday, June 26, 2011

Stock Market Video - Technical Outlook and Setups for Week of June 27, 2011

Hi, traders - here's a look at the week that was and the week that is ahead of us.  Certainly this week was very tough to trade as the markets went all over the place but went absolutely nowhere (if that makes sense).   I know personally I have been guilty of fighting this market and trying to anticipate trades, but it is very easy to do in this market that teases bears and bulls alike on a daily (or sometimes hourly basis).   Bottom-line for me right now is that we remain in a downtrend and until the markets get above some key levels I discuss in the video, there is no reason to do anything other than sit in cash or selectively short stocks.   There are some other ominous signs out there that worry me as well and I discuss those in the video as well.   Final part of the video shares some potential short setups. 

I will be going on a family trip this week for two days and therefore may not be trading or posting much.   Not that that matters in a market like this, but just thought you should know.  

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  

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

1 comment:

Anonymous said...

hi mac
whenever theres something wrong on dow minute charts, i always short it but the heavy volume on friday made me very cautious, so,only a mini-short. but no one wanna lose even a mini position.

such a crazy market.