evening folks! Market was weak last week with the s&p down nearly 2%. We violated a few key levels of support that needs to be respected. We did get a nice oversold bounce on wednesday & thursday but friday we reversed and pretty much ticked lower all day. Ill be watching 2 key levels next week to give me an idea on where this market can go. Right now its inconclusive whether this huge bulls run is over or if we are just experiencing a mini correction or an adjustment on the velocity of the uptrend.
Bulls Trading Bootcamp members: check your email for tonights webinar link. We are on day 4 of the bootcamp. Today we are going to go over Trends & Aligning stocks on multiple timeframes to pick inflection points to buy right before a stock explodes! I do have days 1-3 archived now and they will be up for your viewing.
S&P 500: -1.99%
Nasdaq Comp: -2.25%
Russell 2000: -2.68%
[screencast url=”http://screencast.com/t/dt9pTtKy” width=”” height=””]
[screencast url=”http://screencast.com/t/MoG8yBPK” width=”” height=””]
[screencast url=”http://screencast.com/t/mtmW2jOvNNG” width=”” height=””]