Despite some wild swings and a pull back today, a look at the charts shows that the major indices aren’t too far off of levels from May. In this video, I review a few potential hot spots for bullish trades – even Apple (AAPL) has come back in favor – but as you’ll hear, I’m quick to point out that bearish plays could just as easily be the best way to trade this market. Bottom line: Until volatility picks up and this market starts to move, all setups are hypothetical.
InvestorPlace advisor John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the Open, Parabolic Options and Trending123. Trending123 members receive access to the Trending123 Pattern Scan powered by Recognia free as part of their membership.