Accendo Traders Weekend Technical Analysis Trade Plan for Sunday, November 30th
Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Technical Analysis Weekend Wrap Up Trade Plan for Sunday, November 30th.
After the week we just had, I heard several analysts on tv state that the stock market bulls are back baby! Before we just on that train, let’s take a moment to assess the week that was. Over the previous the weekend, the Fed decided to step in and bailout Citigroup. The guaranteed over 300 billion dollars in assets and invested another 20 Billions into the company. And yes, many of the other financial companies may be looking for that same sweet deal. In addition, we had confirmation of the new members of president-elect’s economic team. In fact, it seemed like everyday last week there was a conference announcing a new member.
What really makes me feel like the bulls may be ready to step up their game is that among more negative economic news the market continued to rally. The market has now rallied 5 consecutive sessions. And yes, a pullback is certainly due. But even with the geopolitical turmoil in India, the market continued to rally. Finally, every bailout attempt by the government has been crushed by the bears. Yet, last week we remained strong. So, as the rest of the traders who took last week off assess the environment and determine their next moves, what will be in store for the stock market?
So which way will the market go? Watch the video for more:
http://www.accendotraders.com/upload/tradeplan113008.flv
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November 30th, 2008 at 10:30 pm
[...] Finance.hm Finance wrote an interesting post today onHere’s a quick excerpt Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Technical Analysis Weekend Wrap Up Trade Plan for Sunday, November 30th. After the week we just had, I heard several analysts on tv state that the stock market bulls are back baby! Before we just on that train, let’s take a moment to assess the week that was. Over the previous the weekend, the Fed decided to step in and bailout Citigroup. The guaranteed over 300 billion dollars in assets and [...]