Tuesday, June 5, 2012

Update on the end of year NFLX trade

www.tradethemarkets.com The Dow has tested the 12738 level a couple times in the past, and it seems now there is a magnet in place to test that level again. Considering the weekly squeezes in indexes, where do we go from here? I think the Dow retests this 12700 level, another 400 points to the upside. Afterward I think the market will have a tough time moving higher. In the S&P I look for test of 1300. One thing that could disturb this uptrend is a daily close below the recent spike low of 125

Read at Daily Trends...

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