Since the stock
market appears to be
in consolidation mode right now (trading
in a
sideways range on lighter volume), it is a
good time to do a review key technical support and resistance levels
in the Nasdaq and S&P 500 indices.
In this week's Stock Market Video, Cabot Growth Investor and Cabot Top Ten Trader Chief Analyst Mike Cintolo remains relatively neutral while the market continues to chop sideways, but a couple of factors are making him more optimistic, including worsening investor sentiment (that's usually a good thing for the market) and improved price / volume action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many month
In this week's Stock
Market Video, Cabot Growth Investor and Cabot Top Ten Trader Chief Analyst Mike Cintolo remains relatively neutral while the market continues to chop sideways, but a couple of factors are making him more optimistic, including worsening investor sentiment (that's usually a good thing for the market) and improved price / volume action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many m
Market Video, Cabot Growth Investor and Cabot Top Ten Trader Chief Analyst Mike Cintolo remains relatively neutral while the
market continues to chop sideways, but a couple of factors are making him more optimistic, including worsening investor sentiment (that's usually a good thing for the market) and improved price / volume action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many m
market continues to chop
sideways, but a couple of factors are making him more optimistic, including worsening investor sentiment (that's usually a
good thing for the
market) and improved price / volume action in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many m
market) and improved price / volume action
in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many month
in some growth stocks, including a bunch that are making persistent advances, which he hasn't seen for many months.
While this can be a
good strategy
in a
sideways or bear
market, this strategy does not work too
well for the option writer
in situations such as secular bull
markets involving rapidly rising stock values, or catalysts such as analyst upgrades, surprising positive earnings or unanticipated positive business news etc..