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Entries Tagged ‘resistance’

S&P 500 Held Support – Then Failed

Sep.02, 2011 in Investment Thoughts Comments Off on S&P 500 Held Support – Then Failed

The good news is that the S&P 500 managed to close out the month of August above support at 1202 ($119.62 for the SPY S&P 500 ETF). The bad news is that the first two days of September have seen the market slice back through that support level. The charts at this point look bad […]

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S&P 500 Testing Critical Support

Aug.30, 2011 in ETF, Investing Comments Off on S&P 500 Testing Critical Support

Most stock market participants may be thinking the worst is over for stocks, others think we are on the verge of another 2008 collapse. This is one of those times when there is a tremendous amount of uncertainty. In fact, other than 2008 and 1987 uncertainty is as high as it’s ever been. A few […]

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