TSBTV#124 - Market View 4-4-2010
Posted on: April 4, 2010
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With only 4 days to make it count last week, the buyers again nudged the market higher with slight gains across the board. The blue chips took the lead with new 52-week highs, while the NAZ primarily stayed within its short-term trading range just shy of resistance.
In the current environment, even a lateral move for several days is healthy to see, as it allows stocks to put in needed rest after all the recent strength. It’s important to respect the current uptrends, but keep in mind that a pullback could still arrive at any time, so watch the uptrend lines closely.
Here in Episode 124, we’ll examine the NAZ, S&P 500, and DJIA and discuss some important levels to monitor going forward. Hope you find it helpful!
(Be sure to click the full-screen option for best viewing.)
Hope you enjoy the show! Thanks for watching and subscribing, and feel free to post your ideas and comments down below.
Trade like a Bandit!
Jeff White
President, TheStockBandit, Inc.
www.TheStockBandit.com (Premium service)
www.TheStockBandit.net (Trading Blog)
