Video Stock Market Technical Analysis Review 9/19/07

After yesterday’s monster move to the upside, stocks hold onto their gains very well today. I do expect that there will be some consolidation of the gains and the nature of that consolidation will tell us a lot about where the market is headed next. There are a lot of good looking stocks out there and selling short seems like an exercise in frustration. Keep in mind that we are also at the beginning of earnings season and there are some high profile (BSC & GS) earnings due out tomorrow morning which could impact overall market direction.