Wednesday, September 14, 2011

Stock Market Video - Mid-Week Update - "Do You Really Want to Be Buying Here??" - 9/17/11

Hi, traders - here's the mid-week video.  Sunday's post discussed the reasons I was not bearish going into the week and the action has certainly played out that way with the market putting in three straight positive sessions. So why am I back to being bearish in the short-term?   Well, I discuss it in the video, but there are technical reasons to be very cautious here along with some divergences on the main indices.   There is also the simply "two in a row" idea I discussed on Sunday.   I share some potential short setups in the video as well as the levels and type of action that would have me reconsider my outlook for the rest of the week.

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...

Always appreciate your great read on the market. I'll keep an eye on the shorts you mentioned; also am tracking WTW and NFLX. Many Thanks! Steve Clem

Mac said...

Thank you Steve.