Updated for WSR dividend on 3/8/13
Since the sell off of late February, SPX has rallied in a relatively steep price channel (orange) to a new high. After tagging the upper channel line (upper 1550's or lower 1560's) in the next couple of days, SPX very likely sells off slightly and starts trending higher in a new and shallower price channel (thick blue).
Market is in a good shape and major indices very likely continue pushing higher for another month or so. My plan is to do more buys as indices dip.
Market is in a good shape and major indices very likely continue pushing higher for another month or so. My plan is to do more buys as indices dip.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation. Furthermore, the opinions expressed may change without notice.
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