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  1. #1
    Legendry Member Michael Hodges's Avatar

    Friday Follow Through On The S&P !!!

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    <div id="chart_message">The NFP numbers were a little off but not overly bad. Revisions may have been the take away, downward revisions in the previous two months. It is just as possible they will be revised up in the next months reading. The futures trade fell from morning highs after the news but held their ground near yesterday's close. The Dow and S&amp;P were a little negative, The NASDAQ a little positive. The NFP numeber of 165K is not enough to stop this bull train. The economic data as a whole is better than expected, earnings are OK and the market just broke out to new highs.&nbsp;</div>
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  2. #2
    Legendry Member milos's Avatar
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    S&P500 index after reaching new record level it continued to fluctuate. Moving average in stage excessive buying an it showed bull trend. After published mixed economic data and worse than expected NFP index S&P500 dropped at 1695 then it consolidated at 1698.

  3. #3
    Rookie Member
    Quote Originally Posted by milos View Post
    S&P500 index after reaching new record level it continued to fluctuate. Moving average in stage excessive buying an it showed bull trend. After published mixed economic data and worse than expected NFP index S&P500 dropped at 1695 then it consolidated at 1698.
    Yea, Clear, Nice bull trend!!!

    I bet it will continue till the end of the summer or even more, so calls with monthly duration on SP500 are also acceptable.

  4. #4
    Solid Member
    I agree that stock US indexes are in clear uptrend, but the volatility is on historically low level which could mean only one thing it will dramatically change soon

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