Daily Market Outlook Disclaimer
Nasdaq in a month?

Up

The same as now

Down

I don't know

IDT - Index Day Trading

Daily Market Outlook


Every trading day we analyze market and present our conclusions in the "Daily Market Outlook". They give important information relating to the trend of the market such as up and down trends and their support and resistance corridors. This information is well suited for all of our members, and with this type of information anybody can successfully trade index-related derivatives.

MarketVolume classifies 4 different stages of the market:

  • Up-Trend: When the market's direction is generally up, despite any small corrections to the downside.
  • Down-Trend: When the market's direction is generally down, despite any small corrections to the upside.
  • Support Corridor: A range where there is a lot of volume to the downside. Every time the index approaches the lower levels of the support corridor, there is a large amount of supporting volume (people buying) to keep the index from crossing it. When the index is in a support corridor, one can easily make several mid and long-term investment decisions.
  • Resistance Corridor: A range where there is a lot of volume to the upside. Every time the index tries to break through the upper levels of the support corridor, there is a large amount of resisting volume (profit-taking) keeping the index from crossing the upper levels. When the index is in a resistance corridor it is a good time to take your profits from your long positions.

You can always find out which stage the market is in by reading our "Daily Market Outlook" on the members home page.

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As of 3/21/2010

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