03/07/11-Dave Landry's Market in a Minute-The Market Needs Some Dew
Sent Monday, March 7, 2011
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Last week's show is on my site. It's not going to win an Oscar but
it's not nearly as boring as the Oscar's was. I'm working on a
letter: Dear Oscar people, Have you heard of Mountain Dew?
Here is today's Market in a Minute:
http://www.tradingcommentary.com/mim/mim030711/mim030711.html
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Random Thoughts:
Dang! The market turned right back down. It did close off its worst
levels but it was still down fairly hard nonetheless.
This action is creating "railroad track" type bars. I don't it
since it leaves everyone frustrated. Ideally, I'd like to see this
market rally sooner rather than later (duh!).
As usual, take things one day at a time. So far, the longer-term
uptrend remains intact. You know the routine though: honor your
stops on existing positions just in case and wait for entries on
new ones.
Futures are flat to firm pre-market.
Best of luck with your trading today!
Dave
Questions? Comments? Buy my new book, read it, then shoot me an
email at dave@davelandry.com or call me at(1) 985-898-4993.
Disclaimer:
All predictions are about the future. A lot of $#*! can happen
between now and then.
Information is provided for educational purposes only.
See more disclaimers at www.davelandry.com