Continue Reading Below
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 2063.21 up 9.77 today. It appears to have stalled near its highs. It finally broke its string of consecutive closes above its 5 day moving average yesterday. It is still a rising trend and RSI is no longer suggesting it is overbought. However, Michael notes that he, “...wouldn’t make any commitments in any direction right now.”
It is well above its 50 and 200 day moving averages of 1988.02 and 1937.96, respectively.
The Chart of the Day is Tesla Motors Inc. (TSLA) -
Continue Reading Below
Analysis of TSLA 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 Put Spread Brian’s Paper Trade - Long Put Spread (shorter term) Brian’s Paper Trade - Long Put Spread (longer term) TradeKing Options Tools used:
- Detailed Quotewww.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.