Dave Landry
10-18-2010, 11:31 AM
Random Thoughts:
The bad: The banks are lagging.
The good: The indices are at/near multi-month highs and most sectors remain in solid uptrend.
I think the good outweighs the bad.
Therefore, once again: Continue to look go get long but as usual wait for entries and honor your stops.
Futures are soft but off of their worst levels pre-market.
Best of luck with your trading today!
Dave
_____________
Expert swing trader Dave Landry comments on the charts for the major markets, indexes and sectors for the upcoming trading day in his daily one-minute video.
Make sure your sound is turned up. A new browser window will open and the video will begin playing within a few seconds.
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You can contact Dave Landry by email at dave@davelandry.com or visit his website DaveLandry.com (www.DaveLandry.com).
The bad: The banks are lagging.
The good: The indices are at/near multi-month highs and most sectors remain in solid uptrend.
I think the good outweighs the bad.
Therefore, once again: Continue to look go get long but as usual wait for entries and honor your stops.
Futures are soft but off of their worst levels pre-market.
Best of luck with your trading today!
Dave
_____________
Expert swing trader Dave Landry comments on the charts for the major markets, indexes and sectors for the upcoming trading day in his daily one-minute video.
Make sure your sound is turned up. A new browser window will open and the video will begin playing within a few seconds.
Click here to watch today's Market in a Minute. (http://www.tradingcommentary.com/mim/mim101810.html)
http://www.stock-monkey.com/ads/davelandry/marketinaminute.gif (http://www.tradingcommentary.com/mim/mim101810.html)
You can contact Dave Landry by email at dave@davelandry.com or visit his website DaveLandry.com (www.DaveLandry.com).