All Entries in the "S&P500" Category
SNP500 revisited
On November 3, a day before the US election, I wrote that the S&P index was still in a downtrend and we should use any recovery to the prior high of 1045 to get out of longs. I also suggested that should we reach 1136, we should turn short there. As it turned out, the high was only 1005.
What is the outlook for SNP500
What is the outlook for S&P500 once we get the US Presidential Election results? This is the question that most traders of US stocks and options have in their mind. Let me start with the assertion that we are still in a bear trend in the big picture. Bear market rallies are common, and often [...]
Was that the stock market bottom?
All you have to do is to search in Google (< click here) and you will see a lot of people talking about market bottoms. Let me share with you a secret. If there is one single reason why I have lost money on some of my trades, it is because I had this vain notion [...]