Monday, October 31, 2011

YouTube Issues

Having issues with YouTube or my recorder, cant figure out which right now, so no Stock Market Trading Watch List video tonight.

Here are my thoughts:

Ugly way to end the month, but being overbought it wasn't that much of a surprise. The NASDAQ 100 performed the best, and volume pulled in on the NASDAQ side, so a good sign. The Russell also held up well, relative to how it's been moving.

Banks and Brokers go creamed, while the Cyclicals and XLB also under-performed. This is NOT good.

Still Bullish here and looking for support on a test down, but I want to see a Bullish volume pattern and recent leaders act well.

Have a great trading day on Tuesday!


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