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TradeKing Midday Market Call Recap - SPX, LULU

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Recap for Tuesday, December 9th 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 2042.79 down 17.52 today. It has been down the past two days. If we go back to that long term trendline going back to November 2012 (that broke in September), it looks like the next level of support could be around 2020. It could have some correction to around that level, “but the overall trend is still up, so there’s no reason to panic,” according to Michael.

It is well above its 50 and 200 day moving averages of 1996.44 and 1943.626, respectively.

The Chart of the Day is Lululemon Inc. (LULU) -

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Analysis of LULU Volatility Chart and Dividends from TradeKing’s Brian Overby - volatility crunch Technical tools used:
 Moving Averages
Brian Overby’s paper trade strategies based on Michael’s analysis -
Short Put Spread Long Call Spread Brian’s Paper Trade - Short Put Spread (shorter term) Brian’s Paper Trade - Long Call Spread (longer term) TradeKing Options Tools used:

- Detailed Quote

- TradeKing Short Put Spread

- TradeKing Long Call Spread

- TradeKing Volatility Charts

- TradeKing Options Pricing Calculator

- TradeKing Probability Calculator

- TradeKing P&L Calculator  additional risks and multiple commissions  Commissions + Fees page

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