A Follow Up

The video I have posted on the Memorial Day weekend sort of gave us some ideas on what to look for from the recent market move, and here is a follow up on that video.

Changing Move

The market is making another surge to new high territory. While the SP500 and the Dow Jones Transportation made a new all time high last Friday, the Dow Jones Industrial is still some distance away from its previous all time high. Currently, the large cap market such as the SP500 is getting near the neutral area and the small cap still leaning on the bearish zone.

How Not To Manage A Trade: VRSN

Here is a review of a mis-managed trade on VRSN.

Won't Let The Bears Escape

The market continues to move higher and just won't let the bears escape. It teases the bears by continually doing small sell off just to lure them to short into this market, then the market reverses and move higher to trap them bears. The SP500 is near breaking above the 1370. After breaking above the 1370, the next major resistance level will likely be 1425 near the 2008 high.

Here is a video highlighting the possible level for the SP500, and three stocks; VRSN, SNDK, and AA that are breaking out of its base.

Click on the full screen icon to view the video in HD.



Here is the link for the video.

Disclosure: long on VRSN, SNDK, AA