• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
      • Contributors
        • Larry Connors
        • Kevin Haggerty
        • Matt Radtke
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / Stocks / Commentary / There’s always something to worry about

There’s always something to worry about

November 10, 2006 by Dave Landry


Dave Landry is principal of Sentive Trading, a money management firm, and a
principal of Harvest Capital Management. Mr. Landry is the author of two top
selling books,

href=”https://tradingmarkets.comtmu/store.site/swingtrading/Books/6109/”
>Dave Landry’s 10 Best Swing Trader Patterns And Strategies
and

href=”https://tradingmarkets.comtmu/store.site/swingtrading/Books/6082/”
>Dave Landry On Swing Trading.
If you would like a free trial to Dave’s Nightly Swing Trading Alerts Report


href=”https://tradingmarkets.comsubscriptions/details.cfm?item=5808&subcat=st”>click here
or call 888-484-8220 ext. 1.

On Friday, the Nasdaq chopped back and
forth throughout out most of the day but did manage to rally going into the
close. This action was enough to put it at a new 5-year closing high.

The Ps ended higher too. They remain shy of
resistance/their 5 year highs.

So what do we do?
With the Nasdaq at 5-year highs and the S&P just shy of 5-year highs (and,
of course, the big blue arrows), you can’t argue that the trend isn’t up.
However, there’s always something to worry about: I’m concerned that the S&P
remains below short-term resistance. Some sectors have lost momentum while
others appear to be in the early phases of forming a top. Many commodity related
areas (today notwithstanding) remain in strong trends. And finally, I’m seeing
more shorts setting up than longs. So is it time to call a top? No. A few big up
days would put the indices and many sectors decisively at new highs,
suggesting that this bull is alive and well. All things considered, I remain
cautiously optimistic.

As far as setups, for the aggressive, look to
fire off a short in areas that remain questionable such as retail. Just remember
to wait for entries and honor your stops since this would be a
“pioneer trade” (early trend).

Best of luck with your trading on Monday!

Dave Landry

dave@davelandry.com

P.S. Reminder: Protective stops on every trade!

P.P.S. If you would like a free
trial to my trading service, click
here
.

Filed Under: Commentary, Recent

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2022 · News Pro Theme on Genesis Framework · WordPress · Log in