Stock Market Video Analysis for Week Ending 8/9/13

I don’t know why I still find it amazing that every time the market experiences a pullback there are people calling it a top. On of these times those calls will be right, but the primary trend is higher and the trend remains innocent until proven guilty! We did see some weakness this past week but for now it just tells us to be cautious and assess where the important levels to key off. The video below discusses those levels in $SPY $QQQ $IWM $XLF $AAPL $SMH $CZR $UA $DECK $INCY $MLNX $RENN and other stocks.

Have a good weekend!
~Brian

Did you see MY COMMENTS ON $TSLA on Benzinga?

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