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S&P 500 Index Hits Major Resistance at 1850

January 22, 2014

    CAN S&P 500 BREAK ABOVE 1850?

    S&P 500 Index Hits Major Resistance at 1850

    S&P 500 Index Hits Major Resistance at 1850

    While we fully expect U.S. stocks to continue higher in 2014 — despite some major turbulence — some basic technical analysis of the above S&P 500 chart shows that the major index is hesitating at its recent all-time high of 1850. It would be a bullish sign if the S&P can successfully close above 1850 in the coming days. In contrast, if the index fails to breach this level, a sharp correction could lie ahead. So far, the 1850 level has acted as a “hard ceiling” on the index. We will continue to monitor the markets and will update our premium members as events warrant. For our latest complete market commentary, click here.

    Inside this Issue

    “News updates for investors”

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    MIT Report: Obama Used Bogus Intelligence to Push Syria War

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    Top Vatican Cleric Charged with Money-Laundering

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    Iran Sends Warships to Atlantic Ocean in Historic First

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    Broadcast Every Saturday Morning – Hosted by Jerry Robinson

    Topic: The time to become financial prepared has never been greater than in 2014. Let’s talk about how YOU can become financially free.

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    “Daily Investment Trends for the Savvy Investor”

    Wall Street At the Movies

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    “A Daily Stock Trading Idea for Short-Term Traders”
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    Stop Loss: $77.88

    Trading Notes: Philip Morris is one of my favorite stocks for trading purposes. Every year, it only provides me with about 3-4 potential entry points. Now is one of those times as a new trigger has emerged. I will add shares if the stock can break through $84.65.

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    “A Daily Dose of Financial Wisdom from God’s Word”

    “Better is a little with righteousness than great income with injustice.”
    Provers 16:8

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