Stock Market Update 5-7-13
This stock market update video covers the US stock indexes. Analysis of Commitment of Traders data, put/call ratios, and technical analysis is discussed. Key support levels are shown for placement of protective or trailing stops on long stock positions.
There is an increasing build up of speculative long positions in the market which should be monitored over coming weeks and months. The technical situation is clearly uptrending, so any shorting or top picking should be based on objective indicator methods with clearly defined risk and stop points.