Saturday, August 6, 2011

Stock Market Video - Trying to Make Sense of An Unbelievable Week - August 6, 2011

Hi, traders.   For some reason, I decided to do a video this week to try and make some sense of what was one of the craziest weeks I can remember since I started trading six or so years ago.  Monday is likely going to be crazy too thanks to S&P waiting until Friday night to release their downgrade news.   In the video I go over the following topics....

  • Some stats that show exactly how extreme this week was and where we are currently at compared to other extreme selloffs from the past three years.  
  • What to look for intraday to help spot a potential meaningful reversal and how to manage it if you decide to play one at this risky time (hint - USE STOPS).
  • Stocks that are holding up relatively well given the circumstances of the past week and those three or four that are my favorites.  
  • A look back at 2008 to see what we may be headed for over the next month or so.
  • A very short-term game plan for Monday and a longer-term game plan for the end of this week potentially into next week.   I'll give you a hint - they are quite, quite different.
Hopefully it helps - my mind is spinning like everyone else out there and I hope I was at least a little coherent in what I was talking about.   

I did not yet do a spreadsheet for earnings plays this week but will try to get one together tomorrow and if I do, I'll share the link via Twitter.

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.


Anonymous said...

Great video Mac. Agree with the overall strategy especially shorting a bounce to the ~1250 area. Thank you for the time spent as always ! Steve Clem

Liz said...

No, you didn't ramble, but I'd listen to your every word even if you did! A great video review that provides guidance, support, and practical application that will help me navigate the next few days. I look forward to your posts, appreciate the links you provide, and thank you for sharing your insight.

Anonymous said...

hi mac

both us understand how OS it is but pls use conspiracy theory to handle the market.

lot of ppl think that there will be QE3 after FOMC tmr, i dun think so. recall what happened last monday.

long position is for daytrade, not for overnite. better gain less than a surprise the next day open. or, short at every... ...