Is The S&P Aiming For A New Permanent Price Handle?
Warren Bevan | Aug 26, 2014 03:28AM ET
What a great Monday with all our 11 stocks really moving well to start the week off.
Of course, seeing a recent buy back at the 46 area get a buyout offer helped in that regard as ITMN ran up some 35% on the news.
We remain in a strong market that is yet to show me any sign of stopping.
Now that I’ve got a heavy weighting in stocks once again I’ve just got to sit tight until there are signs of a top being in place.
A great day for the SPDR S&P 500 (ARCA:SPY) as it moved and held past the 200 level well.
I’d love to see more volume but it is still August so many traders remain on holidays.
The S&P 500 touched 2K but couldn’t hold above it yet, but I don’t think it will be long until we have the 2 handle in front of the price on a more permanent basis.
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