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.

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  • 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

 

 

 

 

 

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