Friday, November 19, 2010

S&P 500 Index Analysis (11/19/2010)

Analysis:

Yesterday's Analysis predicted that "the market will rise." Today the market rose slightly on the backdrop of encouraging corporate earnings. Looking ahead to next week, the market will continue its upward movement, as the resolution of the Irish banking crisis and the revised Q3 GDP will provide the ground for the market to launch higher.

Strategy:

Hold long at 1,197

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