Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Stuck At Highs

Published 05/21/2015, 02:39 AM
Updated 07/09/2023, 06:31 AM

“Avoid problems, and you’ll never be the one who overcame them.” Richard Bach

This Wednesday was pretty quiet for the most past until the Fed news came out that chances are most likely we will not see a rate increase in June and then stocks and markets began to really move well until falling late in the day.

We’re still looking great although we still are not seeing the large volume increases I’d prefer to see but that can change anytime.

I remain very heavy into stocks and would like it to remain that way but if we do reverse I will be out very quickly.

SPY Daily Chart

SPDR S&P 500 (ARCA:SPY) looks to be building a nice bull flag here which could be just a little consolidation while the NASDAQ and Russell catch up and then perhaps we can see all three markets breakout on strong volume but that is just a perfect scenario and I do not predict, I react so let’s just see what plays out.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.