Stock Market Video Analysis for Week Ending 8/30/13

If the weatherman said there was a 60% chance of rain you would grab your umbrella. With markets below declining moving averages the intermediate term outlook remains stormy, why would you want to buy? Wait for evidence from price action before you put your hard earned capital at risk on the long side. The video below takes a look at trends and key levels to be aware of in $SPY $QQQ $IWM $XLF $SMH $XHB $AAPL $TLT

ETF Close 08302013