Dave Landry's Market in a Minute - Thursday, 9/1/11

Discussion in 'Trading news and analysis (syndicated content)' started by Dave Landry, Sep 1, 2011.

  1. Dave Landry

    Dave Landry Active Member Official Contributor

    Random Thoughts

    The market looks like it's losing a little steam in here. The indices are overbought short-term and due to correct. And, so far, the big blue arrow still points down.

    Most sectors have taken on a similar appearance. Gold, non-metallic mining, and selected defensive issues such as consumer non-durable aside.

    So what do we do? If you're not already long gold the commodity (vs. stocks), then take a look at the physical ETFs. Yes, this pullback may have been the last but you know gold--it can often have nine lives. On the short side, I'm starting to see a few setups in a variety of areas. So look to position/reposition there.

    Futures are flat to soft pre-market.

    Click here to watch today's Market in a Minute.

    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.

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    You can contact Dave Landry by email at dave@davelandry.com or visit his website DaveLandry.com.
     

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