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Stock Market Video: Choppy Action Means Macro Bull Flag

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Uploaded on Dec 12, 2011

The markets are sharply lower again as worries from Europe pop up again. One day the markets are happy, the next worried. This whipsaw is hurting the little investor who lets emotion take control. However, for intelligent traders, the bull flag is very apparent on the larger time frames. This whipsaw action will lead to further upside into the end of the year.Gold, silver and oil are all taking a beating today as the Dollar is strong. The Dollar is strong whenever fears in Europe spike. This is because investors sell the Euro and buy the Dollar.Financial stocks like JPMorgan Chase are taking a big beating today as well. They have been strong of late as thing were looking better in Europe. However, the daily charts on most financial stocks are still holding theirbullish patterns.

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