Home > Market Set Up > Trading Stock and market analysis

Trading Stock and market analysis

Whether you are day trading or swing trading, pay close attention to volume this week. The stock market is going to give us a big clue for things to come.  When I say the market, I am referring collectively to the Dow Industrials, The S&P 500 and the NASDAQ composite.

All three sold of last week on heavy volume, otherwise known as “distribution days.” The price action to monitor this week will be a “test” of the previous highs. If the market  retests the previous highs on light volume, we should finally be starting the pull back that is very overdue.

I am not predicting anything, just paying attention. I am  telling any of my friends who ask, lighten up on the long side.

http://keystonetradinggroup.com/

Advertisements
Categories: Market Set Up
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: