Evening folks! Hope everyone had a great weekend! Flat week in the markets overall. We are stuck in a sandwich as the market is right above heavy support but right under heavy resistance. This has made the trade fairly choppy and tricky to say the least. We have elections coming around the corner on tuesday so Im sure that will impact the markets in some way. Now which way is impossible to know and so dont get suckered into making any guesses on stocks that might go up if romney wins vs stocks that might go up if obama wins. Right now its really key to know your levels on the spy, qqq, iwm and trade around them as they are all near significant points of interest.
Stock Market Review
Evening folks! Hope everyone had a great weekend! Flat week in the markets overall. We are stuck in a sandwich as the market is right above heavy support but right under heavy resistance. This has made the trade fairly choppy and tricky to say the least. We have elections coming around the corner on tuesday so Im sure that will impact the markets in some way. Now which way is impossible to know and so dont get suckered into making any guesses on stocks that might go up if romney wins vs stocks that might go up if obama wins. Right now its really key to know your levels on the spy, qqq, iwm and trade around them as they are all near significant points of interest.
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