Friday, January 18, 2013

S&P 500 close January 18 2013

Well the bears gave it a try.  The stock market opened lower today, reached a low of 1476 and then rallied the back half of the day to finish up 5 at 1485.  We still are a little extended at these levels with the value average now sitting at 1466.  I did not add any positions today because I thought we would stay down modestly throughout the day, but that was not the case.  I am still looking for a little pull back to add to my positions.  Long term we still look real good with the long term indicators still going strong.  The market is closed on Monday for Martin Luther King Jr.

We are moving to We will continue to post through the end of the month until we fully transition to the new site.

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