Dave Landry

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01/23/11 Dave Landry's Newsletter: It's All Good Except For These 2 Things Sent Monday, January 23, 2012
Got Answers? 

Q: What will help me to avoid losing trades? 
A: See pages 70-74. 

Use this link if your order through Amazon:

http://tinyurl.com/2vo395r

Cheap or broke? Contact your local library. Yes, libraries still
exist. 

Got Webinars?

Join me Thursday, January 26th at 11:00 AM Eastern for Dave
Landry's The Week In Charts. 

Go here to sign up:

https://www2.gotomeeting.com/register/988421218

We had a great show last week based on the feedback. If you missed
it, you can download it here: 

http://www.davelandry.com/wic/index.html

Got a Minute?  

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim012312/mim012312.html

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Trading service with low introductory rate:

http://www.davelandry.com/shop/

Over 5 years of archives are available on that page too. 

Got Charts?

I use Telechart Platinum for all my US equity charting and
scanning.  Use this link for a free 14-day trial. Email me if you
would like my exact scans. 

http://www.worden.com/CURRENTAFPROMO.aspx?AFCODE=136

I use MetaStock for all of my international work:

http://www.equis.com/davidlandry


Got Random Thoughts:

At these levels, a flat day counts as a positive. 

The market has been very impressive lately--cutting through
overhead supply like butter.

And, once again, the sector action remains very constructive.

With a flat day, not much has changed: 

The only things that have me concerned is that the indices remain
overbought and still have some overhead supply to get though. So,
remain selective and don't bet the farm. If you're trading
pullbacks, you're probably not seeing a lot of setups anyway (since
the market hasn't pulled back lately). 

The nature of the next correction could be telling. If the market
only has a minor pullback then goes back to blasting through
resistance, then we might just have a bona fide uptrend. If it
rolls over then obviously, we don't.

As usual, take things one day at a time.

So far, so good.  

Futures are flat 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