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 […]
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 […]
Hindsight is 20/20 and it is easy to draw trend lines after the fact to see what happened. However, it is good practice to do so and will help you identify support and resistance levels going forward. It is not always straight forward in the beginning to discern which points should be used but as […]
