Friday, January 14, 2011

S&P 500 Index Analysis (1/14/2011)

Analysis:

The bull market continued its run today despite discouraging Consumer Sentiment on the backdrop of upbeat earnings from JP Morgan. The market will continue its upward move until 1,300-1,320 range before it runs out of steam.

Strategy:

Offset short at 1,290 for a loss of (1,243.40-1,217)+(1,290-1,238.55)=77.85

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