Contrarian market commentary and economic postings.
Tuesday, August 03, 2010
SHORT TERM SET UP
Target for SPX initially is 1170 area. It would take significant selling to change a more bullish ST outcome....odds favor higher prices especially if 100 SMA is taken out.
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I have been writing about stocks and the market since the late 90's. My record of calling the last 2 , now maybe 3 bear markets stands. There is more to investing than just avoiding bear markets, but it sure doesn't hurt. I offer NO recommendation to buy or sell equities or trade any vehicle...I just offer my opinion for what it's worth. Consult with your financial advisor before taking any actions. this financial blog is for amusement only.
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