Recap for Tuesday, December 16th 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!
Continue Reading Below
Analysis of S&P 500 from QuickTakesPro’s Michael Kahn:S&P 500 (SPX) – At the time of this broadcast, SPX was around 2008.02 up 18.39 today. The red line from the previous high in September is the key level at about 2020 that was acting as support. It broke below that and has remained below the past two days. It could have a reversal today, but it usually doesn’t mean anything unless there is follow through tomorrow.
It is well above its 50 and 200 day moving averages of 2002.11 and 1947.63, respectively.
The Chart of the Day is Bed, Bath and Beyond Inc. (BBBY) -
Analysis of BBBY Volatility Chart and Dividends from TradeKing’s
Technical tools used:
Brian Overby’s paper trade strategies based on Michael’s analysis -
Brian’s Paper Trade -
Long Call (shorter term)
Brian’s Paper Trade - Short Put Spread (longer term)
TradeKing Options Tools used:- Detailed Quote
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.
Continue Reading Below