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TradeKing Midday Market Call Recap - SPX, GS

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Recap for Tuesday, January 27th 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:

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S&P 500 (SPX) – At the time of this broadcast, SPX was around 2027.97 down 29.12 today. It has been in a, “sideways pattern with a downward bias the past two months.” Michael reiterated this week that if it continues to break down, it could test the longer term trend going back to November 2011 at near 1900.

It has fallen below the 50 day moving average of 2047.07, but is still above the 200 day moving average of 1971.96.


The Chart of the Day is Goldman Sachs Group, Inc. (GS) -
Analysis of GS Volatility Chart and Dividends from TradeKing’s Brian Overby - Technical tools used:
 Moving Averages
Brian Overby’s paper trade strategies based on Michael’s analysis -
Long Put Spread Brian’s Paper Trade - Long Put Spread Brian’s Paper Trade - Long Put Spread

TradeKing Options Tools used:

- Detailed Quote

- TradeKing Long Put Spread

- TradeKing Volatility Charts

- TradeKing Options Pricing Calculator

- TradeKing Probability Calculator

- TradeKing P&L Calculator

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