Dave Landry

THURSDAY, THURSDAY, THURSDAY-My most favorite day of the week! Why?
It's chart show day. Join me today, February 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

Today I'm going to talk about how many of you spend way too much
time "weeping and gnashing of the teeth." On a related note, I'm
going to re-iterate why you should ignore the news with a very
current example. Of course I'm also going to cover the markets,
sectors, and answer your questions on trading and individual
stocks. 

Since I have so much to cover, as usual, I plan on being all jacked
up on Mountain Dew. I talk fast. So eat your Wheaties if you plan
on keeping up.


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

http://tinyurl.com/2vo395r

Or, get the new book direct, fast, and with free shipping (US,
discounted Intl.) by using this link:

www.thelaymansguidetotradingstocks.com
 

Here is today's Market in a Minute:

http://www.tradingcommentary.com/mim/mim021711/mim021711.html

Housekeeping: If you're having trouble viewing prior webcasts,
download the codec from my website.

Trading service with low introductory rate: 

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

Random Thoughts:

Well, you can't keep a good market down. The indices came back
nicely from Tuesday's softness. This action puts them back at
multi-year highs. As the president and founding member of the 
Society of Trend Following Morons, I'm certainly not going to argue
with that.

Yeah, I know, eventually it will correct but I'm okay with that. In
the meantime, I'm going to hopefully trail my stops higher and
scale out as offered. And, how do you do this? Warning: shameless
book plug alert. Well, read chapter 5 of The Layman's Guide to
Trading Stocks and you'll know as much as me.  Too cheap to buy it?
No problem! Get it free from your local library! Or, simply pay a
small $59.95 postage and handling fee and I'll mail you a copy.

The sectors look great. Most are at or near new multi-year highs
just like the market. I especially like the fact that many
previously weaker areas have made it back to new highs. All
of this is plenty of fodder for today's chart show. 

Once again, since the methodology requires a pullback and the
market hasn't pulled back, there aren't a lot of new setups.
Therefore, continue to watch for new longs but focus mostly on
managing existing positions.

Futures are soft 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