S&P 500 Week Ending Feb. 5, 2016

S&P 500 Week Ending Feb. 5, 2016 Review

Quick ReCap
S&P bounced off major support on Friday and buyers stepped in the last hour and a half.
Dipping below 1812 is a breach of another major support level and will confirm the downward trend. Getting above 1960 puts us back over a multi-year diagonal support.

Anyone looking to daytrade for a quick scalp; I would buy and go long at these levels. I would sell if it dips below 1850ish.

Find out what I am looking for here in the month of February.

Remember, you want to look at the overall market first because like my last article indicated, wherever the market goes, so goes your stocks

Get involved. Leave comments under any of my blogs (good, bad and/or ugly). I don't shy away from constructive critisim, and I welcome opposing view points.

Follow us on Twitter, Facebook, or Instagram.

Cheers!

This website is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments. Please read our full disclaimer here.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

S&P 500 Week Ending Feb. 5, 2016 Review

Services

About Us

Support