Thursday, October 05, 2006
Up and Up
The SPX finished up 16.11 points to 1,350.22 and blew past our review position of 1345.
The SPX play is in trouble and needs to be heavily monitored. Please ensure you all have your automatic stop losses placed with your brokers.
The charts indicate the SPX will be going down in the next two weeks. However there seems to be a lot of optimism in the markets at the moment and people are afraid they will be missing out on the next bull market so these markets might yet push higher.
As I write before the markets open the futures are pointing down and OPEC have threatened to cut oil supply. Lets hope for some good down movement today!!
Our RUT is ok at the moment but would also benefit from some down movement.
Until next time.
The SPX play is in trouble and needs to be heavily monitored. Please ensure you all have your automatic stop losses placed with your brokers.
The charts indicate the SPX will be going down in the next two weeks. However there seems to be a lot of optimism in the markets at the moment and people are afraid they will be missing out on the next bull market so these markets might yet push higher.
As I write before the markets open the futures are pointing down and OPEC have threatened to cut oil supply. Lets hope for some good down movement today!!
Our RUT is ok at the moment but would also benefit from some down movement.
Until next time.
# posted by Paul @ 7:53 AM 
