TradeKing Midday Market Call Recap - SPX, MET

Recap for Tuesday, November 18th by Kevin Corrigan

Did you miss Tuesday’s TradeKing Midday Market Call? Here’s a quick recap. Don’t miss another session, register here today!

Analysis of S&P 500 from QuickTakesPro’s Michael Kahn:

S&P 500 (SPX) – At the time of this broadcast, SPX was around 2068.30 down 1.11 today. It appears to have stalled near its highs. No real movement appears to be happening but the 14 period RSI is suggesting that it could be overbought in the short term. Support level could be around 2020. This is the only real interesting level that the chart is showing. If the market closed below that level, it might be a sign of weakness for the market.It is well above its 50 and 200 day moving averages of 1983.28 and 1933.33, respectively.

The Chart of the Day is MetLife Inc. (MET) -

Analysis of MET Volatility Chart and Dividends from TradeKing’s Brian Overby -

Technical tools used:

-

 Moving Averages

- Trendlines

Brian Overby’s paper trade strategies based on Michael’s analysis -

Long Call

Short Put Spread

Brian’s Paper Trade - Long Call

Brian’s Paper Trade - Short Put Spread

TradeKing Options Tools used:- Detailed Quote

- TradeKing Long Call

- TradeKing Short Put Spread

- TradeKing Volatility Charts

- TradeKing Options Pricing Calculator

- TradeKing Probability Calculator

- TradeKing P&L Calculator

www.tradeking.com/events

www.tradeking.com

www.TradeKing.com/ODD

 additional risks and multiple commissions

 Commissions + Fees page

All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment, financial, legal or tax advice. You alone are responsible for evaluating the merits and risks associated with the use of TradeKing's systems, services or products.TradeKing selects and defines as All-Stars certain independent market commentators who are recognized industry personalities and experienced traders and who provide timely market commentary via the TradeKing All-Star Blog and/or TradeKing Webinars. Each All-Star commentator's bio, related qualifications and disclosure as to their relationship with TradeKing can be found on the All-Star Roster. The selection of All-Star commentators is solely based on the quality and style of the content provided. TradeKing does not measure, endorse, or monitor the performance or correctness of any statement or recommendation made by independent All-Stars commentators. Supporting documentation for any claims made by TradeKing All-Stars will be supplied upon request by the author of the post, who is solely responsible for the views expressed. Contact TradeKing All-Stars by sending an email message to TKallstars@tradeking.com.(c) 2014 TradeKing Group, Inc. All rights reserved.

FINRA

 SIPC