Saturday, November 9, 2013

Stock Market Video - Outlook and Setups for Veterans Day Week - "Wild Action Makes Things Tricky"

Hi traders.  It was a wild week on Wall Street and a challenging one.  When you see a seventy point move down on the Nasdaq followed by a sixty point move up the following session, something is not quite right.  Scalping might work in a market like this, but little else will, so patience is important.  Swing trading is very, very difficult right now. I continue to see a lot of former leaders break down, but I also see a decent amount of stocks holding up so if the bulls want to right the ship, I will give them the benefit of doubt in time.  As for now, I am keeping everything light and short-term only until things become more clear.  

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