Intraday Update for Stocks #1
S&P 500 approached 4,420, but backed away – and neither the credit markets are posturing bullishly. The intraday pauses are being sold into, which doesn’t bode well for the bulls – the bears look to be gaining the upper hand. We’re talking about the daily range (roughly between 4,410 and 4,360) – it’s still a range for now, but one making it sensible to tighten the open position.
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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