http://www.marketgeeks.com One of the biggest challenges traders face is knowing if the market is trending or range bound. These tips will help you determine what stage or cycle the market is currently in. Watch this video to learn more about short term trading.

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Nikkei Overnight Trading Was Up

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Overnight Trading U.S.
Stock market was mixed overnight
Mixed most of trading session
Last weeks strong momentum took a lot out of the
market
Stocks looking for direction right now!

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The Fundamentals
No major economic news till later in the week
Markets will be range bound and choppy during this
period
Look for mostly technical buying and selling for next
two trading sessions

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Stock Market Intraday View
Support Area Is Slightly Below 1600

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Stock Market Daily View

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Critical Support Level On Bond Futures

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Current Positions – MGA
Maintain stop loss level slightly below $63.00 stock rallied to new
high today – exit target $70.00

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Current Position PFE
Be patient and maintain short position till $27.00

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New 4X4 Set Up
Long entry $25.20 on buy stop. If filled place
protective stop loss at $24.50

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Semiconductor Sector Analysis
Reason for considering
Long Trade INTC Right Now
Semiconductor sector is top 25% right now
Semiconductor Sector Stronger Than Stock Market
Traders looking at long side of market have to look for
short term opportunities only in range bound market
conditions

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New Inside Day Set Up
Place sell stop at $69.70 and if filled place protective
buy stop at $71.65

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Things To Keep In Mind
Markets have been very difficult during last few weeks
Many traders got whipsawed last few weeks
We stayed out of trouble
Believe market will be range bound
Will have better idea as reports are released

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