Sunday, July 28, 2013

Stock Market Video - Outlook and Setups for Week of July 29, 2013

Hi traders - hope your weekend is going well.  Market continues to hang in there and although things looked a bit "iffy" at various points this week, the markets are all still holding their nine day exponential moving averages and as such, the right play remains to be bullish and looking for long setups.  If the market breaks down a bit, then change your outlook, but it has yet to do so and the consolidation we're seeing is bullish, particularly on the Nasdaq. 

I made a video for the first time in ages dealing with the setups I am watching this week.  Not all of them are actionable yet - some are potential earnings plays that are consolidating nicely and some are names that should be of interest IF they consolidate and rest.   As always, if you have any questions, just shoot me an email.   Best of luck this week.

1 comment:

jimmyJ said...

Enjoyed the video, your site has always remained on my list to visit for technical insight. A lot of attention drawn to Chinese internets lately SINA, SFUN, BIDU, LITB, YY.
Interested in others like XOOM which crushed earnings. LOCK a laggard should be watched.
Holding longtime from your list SPWR (your reminder there helps), HIMX, XONE, SCTY.
Yes, I like to buy early and never sell, not that it always works out. The trader thought process intrigues me.