Thursday, April 22, 2010

Has the market finally stalled?

  • The S&P 500 is beginning to run into a sheer wall of resistance.
  • If you've banked some profits on the way up but are still reluctant to sell your long holdings I would suggest buying some put protection at this point in the game.
  • I'm not saying the market is going to tank back into oblivion, but it truly is time for a pause in the rally.

S&P 500 Index

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