Dave Landry

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My thoughts and prayers go out to the Japanese.
After experiencing some natural disasters here in southern
Louisiana, I know that the Red Cross is a good organization:

http://www.redcross.org/

Another organization that I have seen in action is the United
Methodist Committee On Relief. 100% of all funds donated go
straight to relief efforts.
http://new.gbgm-umc.org/umcor/

I'm sure there are others. Let me know and I'll put the links up on
my website.

Join me Thursday, March 17th at 11:00 AM Eastern for Dave Landry's
The Week in Charts--a free interactive webinar.  Click below to
sign up.

https://www2.gotomeeting.com/register/710669610

See my website for last week's recording (once there, scroll down
to "recent commentary").

Got THE book?

Amazon has free shipping today (some restrictions apply) on my new
book.  Use this link: 

http://tinyurl.com/2vo395r

Not sure how all this works? Watch this intro video:

http://www.youtube.com/watch?v=_QsYImR0YTg

Got a Minute?

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim031411/mim031411.html

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

Random Thoughts:

Better than a poke in the eye... The indices found support at their
recent lows. The Ps managed to get back above their 50-day moving
average. Again, nothing magical about these levels---it's just an
inflection point.

Longer-term the uptrend remains intact but it's important for the
market to rally soon (see Friday's newsletter for more thoughts on
this). 

Again, as usual, take things one day at a time. One or two big up
days would make all the difference in the world. And, I reiterate,
any additional weakness at these levels would be concerning. 

Unfortunately, futures are getting hit fairly hard pre-market. So,
it looks like we might see some of that additional weakness.

So what do we do? Remain very selective on new positions. For now
you might want to focus on stronger areas that can trade
independently of the overall market such as the Energies and
Silver. And, honor yours stops on existing positions. On additional
weakness, we'll probably fire off a short or two. 

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