rss
email
twitter
facebook

Monday, June 8, 2009

S&P500 Weekly commentary June 7th 2009

No specific comments for this week, I still maintain short term bullish stance. Next week ill be re-analyzing new suppport/resistence levels. Its quite possible that we will see 1000+ on the S&P500 if we get continued long term support. It may also be worthwhile examining psychological effects of the 200SMA cross under very early in last week.

Also, I was also very happy with my call last week as the markets did experience a 1.3% (as i predicted a 1 - 1.5% drop before any bullish moves could continue). Indeed I will have to say such a move was quite bullish for short term support.

Ill just be on the sidelines watching this week no forecast or strategy calls.

----

Last final exam this thursday!

No comments:

Post a Comment

 
Disclaimer
This Blog has been developed by Analyze Capital LLC, and as an independent organization we provide “AS IS” information without warranty. The ideas and opinions expressed by the contributers of this blog are personal and do not represent the actions or policies of Analyze Capital LLC. The contents of this blog do not intend to assert recommendations or to offer advice of any kind. We are not responsible the consequences, be they gains or losses, that may result from using any of the information from this blog.