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Major Markets – 2/3/2014
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Wrap up for 1/13/2014 – Market Capitulation?
Stocks moved lower as the S&P 500 index closed right at the breakout level from late November. Here is our take on today’s trading action: Selling hit big today and as we will show, there were plenty of opportunities to go short in order to make some quick tidy profits. We had a major support […]
Wrap up for 11/19/2013 – Stocks lower
Stocks moved lower as the S&P 500 index neared the breakout level from the 14th. Here is our take on today’s trading action: The S&P 500 index closed down -.20% while the Nasdaq Composite finished lower by -.44% for the day. On Friday, when we exited our long SPY trade at $180, we expected that […]
Wrap up for 11/11/2013 – Stocks vulnerable
Stocks look vulnerable here as markets seem indecisive. Here is our take on today’s trading action: If you were trading the SPY ETF today, there were not a lot of opportunities and you likely got burned a couple of times. The S&P 500 index rose a whopping .07% while the Nasdaq Composite index increased a […]