Happy Research Sunday
Good morning folks. I'm not yet sure whether I will have enough time to write a weekly newsletter today as the launch of the new website is scheduled for tomorrow. I'm busy like Lizzy trying to wrap things up to be ready for the big launch day tomorrow. I am however starting the day off […]
Traders Lunch For Friday 4th March
Critical Juncture Here For The S&P 500 Short Term
We're currently dancing on top of yesterday's open gap. In the Futures that corresponds to just about $1320. We've hit that level twice this morning and keep bouncing, which is to be expected given the bulls' resiliency for two years now. Should we fill this gap however we should be right back near $1320, and […]
INTEL (INTC) Is Still Looking Good On A Longer Term Basis
A 12month chart on INTC shows us the significance of the $22 level and the longer term narrowing trading range (light blue dotted lines)
Please Note The Large Gap In The S&P 500 Futures Below
Yesterday's open gap up was around 13 points. I am noting this one front and center because should we start sliding lower this gap can get filled quickly, which would lead us right back to near the $1300 level on the SPX.