S&P 500 close February 5 2013

Or we can bounce back in one day… the S&P 500 started strong out of the gate and climbed through the day reaching a high of 1514 before finishing off the highs at 1511, up 15.  Short term is interesting as it is just above the neutral line.  Long term is is still strong.  Both of these two together suggest that the market should head up pretty quickly. I think people looking to buy on more of a sell off probably missed the boat as this was a two phase sell off.  The stealth move on Wednesday and Thursday of last week and yesterday’s culmination move.  I think the large move up on Friday caught everyone by surprise.  Through the end of the week my postings may not be on time as I am out of town for a couple of days.  I will try to update the best I can.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge