Accendo Traders Video Technical Analysis Trading Plans

Effective Video Technical Analysis Trade Plans Delivered Daily from AccendoTraders.com. Here is our Technical Analysis Weekend Wrap Up Trade Plan for Sunday, January 4th.

Happy New Year!  As traders ride the Santa Claus rally into next week, will they receive the hard awakening of the traders coming back from their holiday.  There is certainly reason to be optimistic about the short term prognosis for the major indices.  For the first time since who know when, all three market have moved above the 50 Moving Average.  In addition, the NASDAQ and the S&P 500 moved above the consolidation range they have been in for months.  Yet, one key factor was missing from this move - Volume.  We all know volume equals conviction.

So as we resume trading with the traders ready to enter the market, what will be the sentiment to start off 2009.  We have the December Jobs reports looming on Friday.  We also have the reality of the monthly charts reminding up we are still in a downtrend.  How should we play Monday’s session?

Watch the video for more:

 

 Accendo Traders Weekend Technical Analysis Trading Plan: Play Now | Play in Popup | Download

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This entry was posted on Sunday, January 4th, 2009 at 8:45 pm and is filed under stock market commentary, stock picks, trade plans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response.