A Very Slow Tuesday In The Markets
Warren Bevan | Mar 04, 2015 02:30AM ET
”There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.” Albert Einstein
Stocks were pretty quiet today along with markets and metals.
Quiet days are needed and fine but nothing at all is broken.
So, with things quite today, I’ll try to be quick and quiet in tonights update unless I can spot anything really special and I can only think of one off hand before I go through all my charts.
I only bought a little Rare Element Resources Ltd. (AMEX:REE) for some cheap thrills today and it looks great here and I’m just letting my other positions work.
SPDR S&P 500 (ARCA:SPY) remains in this tight channel and whichever way we break will be where the next move heads.
This horizontal channel is a continuation pattern and the trend is up so the most likely outcome is higher.
Wednesday would be the ideal day to break this channel higher.
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