Wednesday, December 2, 2009

S&P 500 close = 1109.24

Long-term trend = L

Short-term trend = L

Intermediate (SWING) trend = L (12/1/09)
Intermediate (SWING) position = None (purchase price = $0)
Intermediate (SWING) stop loss level = NONE

(click on link on the right to see 'swing trade performance')
(ALL OF THE ABOVE ARE SUBJECT TO CHANGE INTRADAY)
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Choppy boring day in the markets today after a nice gain yesterday. Markets are still overbought, in particular, keep an eye on the Russell 2000 tomorrow. If Russell breaks 592, short term trend will reverse and cause a sell off. Levels to watch for tomorrow:

S&P 500:

1115 - resistance

1105 - support

Russell 2000:

599 - resistance

592 - support

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