For the risk averse trader/investor, a news driven market is a difficult and frustrating environment. The news headlines continue to give reason for concern and price action reflects the nervousness. The video below takes a look at key levels in the markets.
“Volatility peaks at turning points and diminishes with the trend” George Soros
Calling a top is not my game, but the heightened volatility of the last two weeks is definite reason to think that the market is at least setting up for more neutral environment. The video discusses key levels to watch going forward.
The market has become more voaltile as world tensions rise and the price of oil is now over $100/bbl. This video reviews the key levels of support and resistance and a few scenarios for the next couple of days.
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Some of the stocks mentioned in the video include
Charts and data table, courtesy ALPHASCANNER
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Don’t allow bad habits to form in this uptrend.
The trend is higher and your job is much easier if you focus on risk management.
Volume picked up a little bit on a down day but key levels of support remain intact.
Trying to short this market is like throwing rocks at a tank, you are outgunned and crazy!
The SPY reclaimed the year to day vwap as the longer term uptrend persists. This video discusses key levels to watch and a couple of good looking stocks.
Charts courtesy of ALPHASCANNER.COM
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