Smoking Securities

Half Baked High Finance

S&P 500 ($SPY) Breadth and Risk

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bpspxvix090316editThe uptrend has yet to end, but I traded FAZ as the financial sector faltered this afternoon. Though the above chart doesn’t show it, there is a good deal of resistance in the S&P 500, and some horizontal consolidation could be in the works. Investors should remain cautious due to the meager number of rising stocks amidst above average volatility.


Written by chucklesamadeus

March 16, 2009 at 4:52 pm

Posted in BPSPX, VIX

Tagged with ,

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