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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