12/14/10 Dave Landry's Newsletter--Stay The Course
Sent Tuesday, December 14, 2010
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back and had a blast. The show is a lot of fun. I think you'll
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Here is Today's Market in a Minute:
http://www.tradingcommentary.com/mim/mim121410.html
Random Thoughts:
The indices started strong but ended weak. Unfortunately, this
action has them once again losing acceleration and it suggests that
we are back in possible corrective mode.
So Dave, should I sell everything? NO. Stay the course. Even though
the trend is your friend, it isn't always in a straight line.
With a weaker Dollar, commodities were the exception on Monday.
Most managed to close at or near multi-year highs.
Overall, the sector action still looks pretty good.
I'm still not seeing a lot of setups (other than in areas I'm
already long--e.g. commodities) but I would imagine that we could
see quite a few new setups soon if the market can continue to hang
in there.
Futures are flat to firm pre-market.
Best of luck with your trading today!
Dave
P.S. Have I mentioned lately that I have a new book out?
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