Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Wednesday, October 10, 2012

Market Musings

A week ago I posted "Getting out of the Market", over the next couple of days the market went higher after I sold, SPX was about 1450 at the open, and  the market closed on Thursday and Friday at about 1460, with intra-day high at about 1470.  Today Market closed at about 1432.

My goal is to stay out of the market until SPX hits above 1557, or pulls back to 1250 and I re-evaluate.
Of course, any major news can change my opinion.

Gary of Smart Money Tracker is calling for new highs, passing SPX 1557, click here to read.
Anything is possible.

Good luck.

No comments:

Post a Comment