Morning Thoughts July 17

Join us this Wednesday at 4pm for the Informational Webinar on our soon to be launched Complementary Personal Trading Advice and Decision Support Service.

Sign up here for the webinar; http://www.anymeeting.com/PIID=EF56DA828549

 

  • SPX traded in a tight range all day though closed below vwap. Volumes muted at just over 5bln shrs.
  • We bought some SPY yesterday and held it overnight.  The ultimate target remains 1386 in S&P 500 terms with a stop at around 1345.  The weekly chart of SPX below suggests last week’s hammer candle may lead to a little more upside.
  • We remain in a dull market and its hard to short such a tape.  Never the less we must stick to clear stops.
  • Please watch the morning video

 

 

 

 

 

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.