Accendo Traders Weekend Video Technical Analysis Trade Plan
Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Technical Analysis Weekend Wrap Up Trade Plan for Sunday, December 7th.
Yet another rocky ride for the stock market last week. When we got together last week, the emphasis was placed on setting a higher low/high. Immediately on Monday, the bears took control off the negative sentiment of the ISM Index which came in at 36. The ISM Index is a measurement for manufacturing. Any reading under 50 is considered to show the sector is contracting. This was the lowest reading in decades. The higher low was looking to be in jeopardy. However, the bulls only allowed the market to be down 1 day.
Although the bears tried to push the market below to close of Monday, each day the bulls stepped in and push the market higher. There is no better example than that of Friday. The market once again was given horrible economic data. Nonfarm payroll jobs were cut by over 530,000 in the month on November. In addition, unemployment rose to 6.7%. The market did fall for the first hour all the way to Monday’s close, but then immediately reversed and closed higher by over 200 points. The higher low is in place and now let’s go for that higher high. Can we do it?
Watch the video for more:
Accendo Traders Weekend Wrap Up Trade Plan for Sunday December 7th: Play Now | Play in Popup | Download
Accendo Traders Weekend Wrap Up Trade Plan for Sunday December 7th: Play Now | Play in Popup | DownloadTo purchase a subscription to our daily video tecnical analysis trade plans, click here.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: Accendo, day, Day Trade, day trading, Dow Jones, finance, higher high, higher low, Indexes, investing, Job, Lows, market, Nasdaq, New Highs, planning, Resistance, S&P 500, Sectors, Stock, stock market, stock market commentary, stock picks, Stocks, Subscriptions, support, technical analysis, technicals, trade, Trades, trading, trading advice, trading routines, Trading Strategies, trading system, video, Videos
December 7th, 2008 at 10:01 pm
[...] Northloop Neighborhoods | Community News & Directory 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, December 7th. Yet another rocky ride for the stock market last week. When we got together last week, the emphasis was placed on setting a higher low/high. Immediately on Monday, the bears took control off the negative sentiment of the ISM Index which came in at 36. The ISM Index is a measurement for manufacturing. Any reading under 50 [...]