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!
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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
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