Sunday, November 27, 2011

Stock Market Video - Three Part Look at This Market and What to Expect in the Week Ahead - 11/27/11

Hi traders - hope everyone out there had a great Thanksgiving holiday (at least that it was better than Wall Street's Thanksgiving.)  It was certainly an awful week in the markets last week and I don't know if it is going to get any better soon.  We're back into a bear market and any bounces we get look very shortable.   Since we are quite stretched here to the downside, a reflex bounce is a strong possibility early in the week, but longer-term, the long side is not the place you want to be.

Video one looks at the overall market outlook and what my game plan is for playing a potential bounce this week.


Video two looks at some potential short setups for LATER in the week depending on when the market bounces and what the bounce looks like.   Do not short these stocks now because it is likely too late to do so and you are setting yourself up for major pain.


Video three looks at the few stocks that are still holding up well in this market.   Although it's pretty clear we're back in a bear market, you always want to be prepared for any possibility, so doing due diligence on the long side is still smart.   Who knows - maybe we'll get a miracle solution for all of Europe's woes this week and the market will take off....yeah, I don't think so either.   Anyway, it is still a good idea to keep track of what is strongest because those will likely be the stock that are the future leaders when or if the market turns.


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.  You can also review my Twitter feed here. 

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