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Analysis of S&P 500 from QuickTakesPro’s Michael Kahn:
S&P 500 (SPX) – At the time of this broadcast, SPX was around 2038.75 up 0.49 today. It hit a 52 week high earlier today. It has moved well past its 50 day moving average of 1972.12 and it is above its 200 day moving average of 1919.70. Although it has been moving up to new highs, the Stochastic level of 99.36 suggests this could be overbought at this point. Still, the market is going up, so that is the trend.
The Chart of the Day is Delta Airlines (DAL) -
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Analysis of DAL Volatility Chart and Dividends from TradeKing’s Brian Overby -
Technical tools used:
Brian Overby’s paper trade strategies based on Michael’s analysis -
Long Put Long Put Spread Brian’s Paper Trade - Long Put Brian’s Paper Trade - Long Put Spread TradeKing Options Tools used:
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