The S&P has been trading in a 60 point range at the moment. Eventaully this will have to break either upwards or downwards and flow that market that way. But for now, this annoying grind sideways lasts.
You would expect this too, as back in FEBRUARY we saw one of the biggest rallies we have seen in the last 12 or so months. At a time when everyone was saying the market will crash. This is a lesson to the bears for 2014, do not write off the bulls yet, there is not reason too.
Its funny, you know, because every time the bears seem to write off the bulls, they come right back and give them a swift kick to the groin region and walk away with a big grin on their face. My guess is this is going to continue to happen again in 2014.
We are only about 40 points away from the 1900 level. While the 1900 has not been hit yet, my guess it 1900 will indeed be coming soon, so strap yourself in for a wild ride to there - would be my best advice to you. :-))))))))
 |
| spx update |
WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED? CLICK HERE To Join Our VIP ELITE GROUP -- FREE 10 Day Trial Offer Today!
No comments:
Post a Comment