Wednesday, January 23, 2013

S&P 500 close January 23 2013

The market is slowing making its way to 1500.  We started slightly higher, sold off to 1490 and then rebounded to finish at 1495.  We are still tracking the same way over the last week.  We are at the high part of the price envelope and the value average has moved up to 1474.  We will probably test 1500 and then probably see some profit taking.  We have had a good run over the last few weeks and round numbers are a good place to take profits. 

We are moving to shortly.  We will continue to dual post through January.

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