One thing is for sure: the S&P 500 ($SPX) finished 2010 on a bullish tear, remaining highly resilient to the end. However, given the January profile of the last three years, we could see a sizeable drop to begin 2011, as profit-taking hits its full stride. Here’s why..
The S&P 500 Index has pushed higher from the 1,175 support level, but is beginning to show signs of resistance at 1,226. I have a few thoughts on what is likely to play out in this index in the days ahead…
The S&P 500 ($SPX) has remained bullish the last two months and continues to offer great long entries for short term swing traders. Today is another one of those days to get long the market.
I’m back from Spain! It was a fantastic trip, but I’m ready to jump back into the saddle. Here are my quick thoughts on what I see in the S&P 500..
The S&P 500 Index ($SPX) has been trending steadily higher since 1,040, rallying over 100 points in the last four weeks. However, price is beginning to show signs of weakness, which could lead to a near-term retracement soon. Here’s my outlook for the week..
