Great Trades

Great stock trades based on fundamentals and technical analysis.

Wednesday, June 17, 2009


Big move day likely

With a small NYMO change today, there's a very good chance the market will get a sizable move within the next couple of days.

This indicator doesn't indicate market direction, but after 3 straight down days in the S&P 500, and after today's doji candlestick and bounce at the 200-day moving average, odds would favor an up day. However, if the 200-day moving average breaks, the big move could be down. Either way, we'll be ready for it.

With quadruple witching this week (contracts for stock index futures, stock index options, stock options and single stock futures all expire), anything can happen, but this week often features extra volatility.

Comments: Post a Comment

<< Home


December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   July 2006   August 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   August 2007   October 2007   November 2007   May 2008   September 2008   October 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   March 2010   May 2010   June 2010  

Great Trades Home    Email GreatTrades

Great Investments Blog     Great Investment Articles Blog

Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.

Seeking Alpha Certified

Enter your email address to subscribe:

Delivered by FeedBurner

This page is powered by Blogger. Isn't yours?