The major averages are facing some critical technical areas, making the week ahead one which could carry great importance.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 5:34.

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Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

Stocks cooled off last week, but in varying degrees. The speculative names suffered the most, while the blue chips essentially rested. That makes for an interesting week ahead, so we had better come prepared.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 4:32.

Charts Provided by TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

A holiday-shortened week didn’t slow down the bulls and new highs were made once again. Is it time for a breather, or did the barbecue-side conversations over the weekend leave the bulls wanting more?

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

I’m also adding a few setups to put on your watchlist.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 6:52.

Charts Provided by TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

The market finished the week on an upbeat note after a Tuesday failure from new highs.  The bulls are facing yet another breakout now and are showing no intent to disrupt the uptrend.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

I’m also adding a few setups to put on your watchlist.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 5:34.

Charts Provided by TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

The market advance continued last week with new recovery highs being made across the board.  Can the bulls maintain the pace in the summer heat?

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 5:58.

Charts Provided by TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

A much-needed pullback finally arrived last week, but it stayed mild and didn’t change the bulls’ position of power.  The trends are still up and levels were defended on the dip.  Just how long the rest lasts, we’ll have to see, but it’s a well-deserved pause after considerable strength.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.

NAZ – The NAZ has settled into a similar short-term base to the one we saw from late-May into the first few days of June.  Price is caught between a pair of levels at 4286 and 4344, and each day spent inside the range will be of benefit to digest the recent lift.

Why I Use TC2000

 

SP500 – The S&P put together three consecutive declines last week for the first time in over 2 months.  The early-June congestion area was tested and we saw a modest bounce Friday to stop the bleeding. There’s still lots of room for a decline in this index before it would do any technical damage, but it will head into Monday just 19 points off the all-time high.

Why I Use TC2000

 

RUT – The RUT pulled back to test 1160 last week and held, thanks to an upside reversal in Friday’s session.  1179 is the next upside level to watch, followed by 1193, two prior bounce highs.  The best thing going for this index is the pair of higher lows it currently has in place which headline the technical improvement of the past few weeks.

Why I Use TC2000

 

DJIA – The DJIA gave up a little ground last week en route to a pullback test of the 16735 breakout zone.  Price got slightly beneath it but reclaimed it by Friday’s closing bell, leaving it looking like a successful test has occurred.  We’ll see if it can hold, but so far, so good for the bulls.

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

New all-time highs were painted last week for the S&P 500 as it closed within spitting distance of 1950.  Even the more speculative NAZ and RUT have confirmed higher lows, so the outlook has improved.  It’s been quite a run, but a rest at this point wouldn’t hurt the bulls.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.

NAZ – The NAZ added 1.8% last week to exit the short-term consolidation zone it had recently carved out.  Price saw a trio of strong closes which left this index back above 4286 and closing in on 4344.  Volume is still subdued, but price is trending higher and that should not be dismissed.

Why I Use TC2000

 

SP500 – The S&P gained 1.3% last week as it continued to post strong closes in all 5 days – even Tuesday’s minor decline.  This index has been up 10 of 12 and 12 of the last 15 sessions.  Here again, volume has been quiet with only one exception but price now has ample breathing room for a pullback whenever one arrives.

Why I Use TC2000

 

RUT – The RUT recovered extremely well last week from its short-term pullback, pushing back through 1137 and then 1160 to end the week with a 2.7% gain.  That also confirmed a higher low, so this was a notable improvement in the small-caps.  Now we’ll see if the short-term momentum can continue or if instead we see some profit-taking kick in.  Once again, in the latter scenario it will boil down to whether another higher low can be formed on a dip.

Why I Use TC2000

 

DJIA – The DJIA finally quit flirting with 16735 last week with a solid 1.2% advance to a new all-time high.  Strong finishes continued in this index as well, so now the bulls will aim to maintain this breakout.  The prior multi-month trading range could still see a measured move completion, which extends to the 17100-17200 range.

Why I Use TC2000

 

VIX – The VIX finished the week in the 10’s, which it hasn’t seen since February 2007.  This index has an all-time low of 8.60, set in December 2006, and on that occasion it got back north of 21 in less than 3 months.  The implication here is that fear is hitting a multi-year low, leaving options cheap with ample room for worry to change the picture.  Time will tell whether or not this occasion leads to a market pullback, but we’ve seen for quite some time now that volatility can remain low for an extended period of time, reminding us that a high VIX tends to offer more reliable signals than a low VIX.

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

Stocks worked higher last week to leave the S&P at a new all-time high on Friday’s close.  Small-caps are still struggling though, and with the blue chips looking due for some rest, it’s a tough market to chase.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week begins.

I’ve also included a handful of momentum names like AAPL, SPLK, NFLX, WDAY, and TSLA.

Hit the gear icon on the player to select HD and then go full-screen for best quality.

Run time is 7:56.

Charts Provided by TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

The market lifted ahead of the long weekend to leave both the NAZ and S&P facing major levels.  That sets the stage for a make-or-break scenario in the short term, so we’ll see if the tape becomes more emotional or if instead the choppy action of late simply continues.

As we head into a new week of trading, it’s time once again to take a look at the indexes and the key levels they’re dealing with. This will impact how individual names move, so it’s where every new trading week should begin.

NAZ – The NAZ gained 95 last week and now faces a major level at 4185.  If it can get through, 4286 is the next level to watch.

Why I Use TC2000

 

SP500 – The S&P finally closed above 1900 on Friday and now faces the intraday high of 1902. Bulls don’t want to let yet another breakout fail, so this next week is going to be important.

Why I Use TC2000

 

RUT – The RUT held major support but still hasn’t made a higher high.  1137 needs to be cleared to change that.

Why I Use TC2000

 

DJIA – The DJIA is back above resistance but only slightly.  Upside volume may need to improve if this index is finally going to see a lasting move higher out of this range.

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.
Follow @TheStockBandit on Twitter

Maybe you noticed, or maybe you didn’t.

The VIX closed below 12 today for the first time since August 5, 2013.

That break last summer coincided with the start of a 4.5% S&P 500 slide over the next 3 weeks, which is just what tends to happen when extreme complacency arrives.

This fear index isn’t forbidden from going lower, but historically this has been an area it has held. Any turn down in the market would coincide with a VIX lift, so it’s something to keep an eye on here as the S&P again deals with key resistance where it has failed a number of times in the past two months.

Why I Use TC2000

 

Trade Like a Bandit!

Jeff White
Take a trial to the Stock Pick Service to get my trades.

Follow @TheStockBandit