Thursday, January 20, 2011

S&P 500 Index Analysis (1/20/2011)

Analysis:

Yesterday's Analysis predicted that "the correction will continue." Today the market did drop as many as 10 points despite various encouraging economic news in the morning pointing to the strengthening economic recovery. In the end the market pared most of the losses and finish slightly lower.

Strategy:

Stopped out at 1,273 for a profit of 21 points

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