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SPX almanac buy hit on ecb day
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sandiego77
Posted 1/23/2015 09:01 (#4331976)
Subject: SPX almanac buy hit on ecb day


San Diego
the traders almanac has a buy on the SPX for jan 22, and it's closed the first week of feb.

daily chart stochastics were bottoming earlier this week, so if not in the stock market might try a buy at the 50-day /20-day moving ave's if we can get some pull back.
http://stockcharts.com/freecharts/candleglance.html?$NDX,$spx,$rut,...

generally speaking the stock market has never had a red year in the 3rd year of a presidency since 1939, and years ending in '5' have been ballistic since then as well.

so hang on til the summer rally ends , prices normally are higher than now and can decide if want to risk the usual sept/oct. drawdown

this doesn't have the SPX buy jan 22-you have to have subscription or old copy of the almanac, but good to check daily-
http://blog.stocktradersalmanac.com/

TGIF!
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