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SPDR S&P 500 ETF Message Board

  • nyctom_2000 nyctom_2000 Dec 8, 2012 11:00 PM Flag

    Next Week Looks Like We Grind Slowly Higher


    Market is still extremely oversold and trending higher. Unless the market receives extremely bad news next week I believe we will grind slowly higher a lot like the last three days. With that said, I would not be surprised to see a few nice rips here and there as we clear market resistance.

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    • NYC....that's what the charts look like now...melt-up time into January? It looks as if the STOs will stay in overbought territory for awhile?

      I added NOC JAN13 calls last week. I'm looking at MCD JAN13 CALLs and some DDM JAN13 CALLs next week. Looks like we are going for the previous highs or higher?

      I don't mind a slow grind north. May be a little frustrating for day-traders though?

      Thanks for the update.

      Got so many "fwiends" on this board now, I'm running out of explicatives.

      Sentiment: Buy

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