11/9/2011 – CNBC Stock Market Closing Bell Part 2 of 2 (DOW plunges 389 points).
Hi traders – I did a video this week to go over the charts I am looking at going into next week (and there are quite a few.) This past week was all over the place and this market remains extremely difficult to play from day to day. We’re either in a consolidation/range here that will lead to higher prices eventually or a topping pattern, but because it’s so choppy (and news-driven), it is almost impossible to figure out which one it is. Best advice here is to keep your head up, try not to get frustrated, and just stay in the game. Trade smaller positions if you have to trade at all. No one out there is making a killing right now because it’s just too tough. Keep your mind open and options ready and you’ll be fine (well, as fine as you can be in this type of market).
Video Rating: 5 / 5