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!
Continue Reading Below
Analysis of S&P 500 from
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:
Brian Overby’s paper trade strategies based on Michael’s analysis -
Brian’s Paper Trade - Long Put Spread
Brian’s Paper Trade -
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) 2015 TradeKing Group, Inc. All rights reserved.
Continue Reading Below