Are we in the mist of another sell off? On Friday we had reached an all time high of 187.15, and went down to close mid 186. With the Ukraine worries, and economic datas coming in for February, people are in the afraid mode and ready to hit that sell button. However, today we closed at 184.98 today and it seems that this range is still in play. People are looking for any news to sell and any news to buy. I believe that we are still in an upward trend and volatility is still in play. We are still looking towards 187-190 and the downside to be in the low 180s. At the end of today, we had more people buying than selling, so we are still in to reach the 187 levels this week.
SPX : 1845.73 -13.72
DJI : 16168.03 -153.68
COMP : 4277.301 -30.818
VIX : 16 +2
No comments:
Post a Comment