Sunday, September 25, 2011

Stock Market Video - Gameplan for Early This Week and Late This Week - 9/25/11

Hi, traders - here's the gameplan for what should be another crazy week ahead of us.  We obviously had some very nasty action last week and although we saw a little bounce Friday, I think there is little doubt that the bear market is back on and you need to trade accordingly.   All of the charts that were holding up well are now destroyed, and there just isn't much to do on the long side here at all, unless you day-trade and want to catch some falling knives intraday for some quick gains.  In the video, I discuss what I am doing early in the week (pretty much nothing) and then later in the week, which is where some potentially nice swing trades could emerge.   I share the ten or so stocks I will be watching closely this week as I do think we'll see a little bounce early as the month comes to a close.  October however is historically unkind to Wall Street, and I don't think this year will be any different.   This is all discussed in the video.

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 and feel free to retweet the links to your friends.  I would appreciate it.

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2 comments:

Anonymous said...

hi mac
dow double bottom 10600 (dunno why), then choppy here (starting tomorrow) to break that dow 11400 - 11600, and hten we will have some good days until end of 1st week of october, imo.

lets grab every correction to long. our only threat is jobless claim on thursday.

mini-me

Anonymous said...

hi mac
the last hope vanished, remind me the same pattern in sep2008... ... so unhappy to see a tumble next month.

mini-me