The market crisscrossed back and forth today fighting for 1500. The
S&P 500 finished down 3 to 1498. The bulls have been impressive;
maintaining almost all of their gains for the month of January.
Tomorrow will be catalyst with the monthly jobs report due out.
Expectations are for an increase of 160,000 in nonfarm payroll jobs.
Short term is down a little but still in bull territory with the long
term still gaining.
That's it. We are done here..Please join us at http://stockmarketandi.com
Thursday, January 31, 2013
Wednesday, January 30, 2013
S&P 500 close January 30 2013
The S&P 500 started near the highs of the day at 1510 and then
retreated very slowly throughout the day to finish at 1501. I would not
really classify this as sell off, just letting out a little steam. I
made no purchases today even though the index that my investment tracks
the Russell 2000 was down more significantly. The short term momentum
indicator is now moving a little lower and the value metric now sits at
1489. It will be interesting to see if we hold 1500 tomorrow. If so we
should reverse course and head higher pretty quickly. Long term
momentum still strong.
We are moving to stockmarketandi.com at the end of the month. Only one day left!
We are moving to stockmarketandi.com at the end of the month. Only one day left!
Tuesday, January 29, 2013
S&P 500 close January 29 2013
The stock market made a very light attempt to push back through 1500 and
then climbed higher throughout the day. It's been interesting to see
the last week as the market has been able to move steadily higher as
Apple took a vicious nose dive. Even more interesting over the last two
days as Apple has moved higher, it has somewhat negated the correction
that the broader market was trying to put in. Value average now sits at
1487 and the S&P 500 is 20 points above that. I am losing a little
faith that I will see a correction to buy. But overall I am very happy
with the performance of the market as we have moved higher. Short term
momentum is amazingly sideways and long term getting stronger. I will
update Market Returns later this evening.
We are moving to stockmarketandi.com in three days.
We are moving to stockmarketandi.com in three days.
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