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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 2049.84 up 8.52 today. After a very quiet week last week, it has moved back to its highs. Although it continues to move up, nothing much is happening. The closing prices and volume the past 5 or 6 days has been relatively flat. It could be showing some uncertainty, but the pattern shows it is in a bull market.
It is well above its 50 and 200 day moving averages of 1976.13 and 1926.51, respectively.The Chart of the Day is Kohls Corp (KSS) -
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Technical tools used:
Moving Averages Brian Overby’s paper trade strategies based on Michael’s analysis - Short Put Spread Long Call Brian’s Paper Trade - Short Put Spread Brian’s Paper Trade - Long Call -
TradeKing Options Tools used:
- Detailed Quote
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