The market gapped higher for its third consecutive Tuesday of 2012, which again helped to make the difference on the week for the indexes.  The remainder of the time was marked by a considerable amount of choppy, trendless action, serving as another reminder of the importance of trade selection in this low-volatility environment.

For the week, I took a number of entries as both day trades and swing trades, and it was a really nice week. Both timeframes provided profits, which is a big advantage of having capital at work across multiple timeframes.

My, how time flies!  Seems like just the other day I was getting started with my trading blog, and here it is now 7 years later.

During this time, I’ve posted about 650 articles and hopefully have helped you and many others along the way.  I truly appreciate you reading and commenting, as that feedback always encourages me to share more of what’s useful with you.

The market saw mixed results last week as it primarily based, which really isolated the stocks on the move while many spent time putting in rest. For the week, I took a number of entries as both day trades and swing trades, and it was a really nice week, thanks primarily to the swing trades.

Last week the indexes added a couple percent to continue their ascent from the December lows.  New recovery highs were established as prior resistance zones were cleared, keeping the bulls in the driver’s seat for another week.

In preparation for the trading week ahead, let’s examine some important levels to keep an eye on for the indexes. That will have the greatest influence on how individual stocks are going to move, so it’s part of our Sunday process.

Intraday plays can offer exceptional opportunities for not only capturing quick moves, but also for managing risk by avoiding the overnight gap risk.  It’s a timeframe which full-time traders often participate in, but one which the part-time trader often avoids due to a perceived inability to manage the trade effectively.