Monday, March 2, 2015

New Highs

The major indices all touched new highs today. Or almost anyway, the S&P came very close. Not much movement up or down in indices lately. On 02/20/15 we had a move of more than 1% in one day, and that's about it for the last two weeks.

It feels like we're closer to a short-term top than a bottom. But beware! These small daily gains, day after day, could hurt a lot when you're putting in trades in the wrong direction. Better maybe to wait for a bigger number, like 2150 for S&P (if we get there) before you try any shorts. Or play this with options, out of the money bear call spreads for example (limited risk and limited profit).

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