Monday, August 25, 2014

SPX Taps 2,000 as DJIA Continues Above 17,000...

2:30 pm - SPX pauses after hitting 2001.95...

Chart Signals will post again Friday...remember to follow your rules as you trade with the trend.


10:10 am – ES +10.00…and NQ +20.25…stock futures have opened higher…SPX is making a new all-time high this morning and just touched 2,000, a level that many believe is a psychological level…RUT is leading the SPX, NDX and DJIA in after the open.

SPY is up 1.10…

Euro is down 39 pips
TLT is up .35, nearing a horizontal resistance setup         
                                                                                   
Follow your rules for entry and exit…and always remember to adjust stops to protect profits also according to your rules...

Quoting Up: JCP, CBOE, X, TNA, LNG, FAS, MS, TSLA, C, GS, FSLR, SJPM, CELG, GPS, TSL, CIEN, GILD, ILMN, WDC, STX, AMZN

Quoting Down: INTU, GMCR, BRCM, MAT, NXPI, TXN



2 comments:

Anonymous said...

Thank you, Dave! Mercy, you even posted on vacation! Thank you so much! Have a wonderful time! :)

Kathy :)

Michael Hayes said...

Dave
Have a great vacation, and thank you for a another great year of teaching how to trade properly
Mike

Jesse Livermore quote:

After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine, that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”