Sunday, November 3, 2013

Stock Market Video - Outlook and Setups for Week of November 3, 2013 - "Time To Be Patient"

Hi traders.  It was a tricky week on Wall Street this past week (at least for me) as the indexes pulled back a bit and individual stocks continued to give bearish signals in some cases and false signals in others.  The former leaders of September and October continue to get beaten up, but the real problem is that there haven't been as many to clearly step up and take their place.  I am seeing some setups out there (which I highlight in the video among others) but the overall quality of them is not the same as they were a month or two ago.  Because of that, I think it's important to be patient here and not overtrade, as there may not be a big edge for the bulls or bears at this point.

1 comment:

Anonymous said...

Thanks for all the work.
I also look forward to your market timing tool/metric.
Will it be updated as well?

Thanks again.