Dave Landry’s Market in a Minute – Friday, 4/29/11
Posted by shbanchang on July 31, 2010
Random Thoughts
Again, take things one day at a time. With that said, so far, so good. The market once again closed at multi-year highs.
I was happy to see Rusty joining the party. It’s always a good thing when a broad based index is banging out new highs.
As a momentum junkie, I’d like to see some acceleration higher but I’m not going to complain as long as the market stays at new highs.
Since the methodology requires a pullback, I’m not seeing too many setups just yet. Hopefully, (I know hope in one hand and..) we’ll see that aforementioned acceleration and then an orderly pullback. Should that occur, we will see a plethora of setups. And, at that point, I will say “would you say I have a plethora of setups?” Tell me where I “borrowed” most of that quote from and I’ll give you a free month to my service. Already on the service? I’ll give you a high five-ah! (or a wet kiss, your choice)
Futures are flat to firm pre-market.
Click here to watch today’s Market in a Minute.
Best of luck with your trading today!
Dave
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Expert swing trader Dave Landry comments on the charts for the major markets, indexes and sectors for the upcoming trading day in his daily one-minute video.
Make sure your sound is turned up. A new browser window will open and the video will begin playing within a few seconds.
Click here to watch today’s Market in a Minute.
You can contact Dave Landry by email at dave@davelandry.com or visit his website DaveLandry.com
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Tags: 4/29/11, Dave, Friday, Landry’s, Market, Minute
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