Dave Landry

Got Answers? 

Q: Should you trade for short-term or longer-term gains? 
A: See page 37. 

Use this link if your order through Amazon:

http://tinyurl.com/2vo395r

Got Chartshows?

Join me Thursday, January 19th 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 another great show yesterday if I so myself. I covered a lot
of ground (went 40 minutes over) and tossed out quite a few gems.
The recording is being processed and should be ready shortly. It
can be downloaded from this link:

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


Got a Minute?  

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim011312/mim011312.html

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Trading service with low introductory rate:

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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:

The good news is that the indices managed to close at new
multi-month highs. Further, the sector action continues to improve. 

Now, for the bad: I don't like the way the market has generally
drifted or "wedged" higher as of late. Ideally, I'd like to see it
blast higher and then correct. Further, the market remains
overbought and there is (stop me if you've heard this before) a ton
of overhead supply just above.  

Stranger things have happened, but usually a market has a tough
time mounting a rally on top of an overbought situation especially
when there is a ton of resistance (supply) looming. This makes for
a dangerous environment for the buyer.

I'm seeing a few shorts that look like they might have potential so
I think I'm going to nibble a bit there for now while things shake
out. 

Not matter what you do, avoid getting too aggressive while the
longer-term big arrow continues to point sideways. 

Futures are weak and weakening as this is being published.  

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