The stock market took a beating for the week as an agreement on the fiscal cliff was never reached. It is almost inconceivable that our politicians would derail an economic recovery but apparently they have. Either way, here at Wsss.com, we try not to get caught up in the day-to-day news. There will always be…
The market is coming off of its lows today hoping that some sort of agreement will be reached on the fiscal cliff. Obama has returned from vacation early and seems eager to work but I am still being cautious about adding to our names here. Stocks are up big and are still hovering around their…
Update: S&P 500 at new highs. Buying the dips trimming the rips going forward. Our past articles are working for you had you paid attention and been a loyal follower to WSSS.com. Will send alerts out when the time is appropriate to add to stocks. I am with you on the down days too. Market…
Got a huge bounce off of the 50 day moving average today. The Fibonacci’s held Friday and now the market is off to the races. If the fiscal cliff issues are resolved, look for 2013 to be solid during the 1st half of the year. Looking to add on any significant pullbacks. Switched out of…
(Portfolio Update) Friday the indexes were setting up for a big move. The S&P 500 was right on a key retracement level and the 50 day moving average. Something big was going to happen today on this pivotal point- and sure enough it did. We just felt the move would be to the upside instead…
S&P 500 (UPRO ETF)- Holding the 50% retracement level. If this level holds, it will be bullish for stocks. Surpassing the 38% level last week was huge. Now lets see if the market and our portfolio will turn the corner on this positive development. S&P 500- On the 50 day and 100 day moving average….
IWM- Russell 2000 Small Cap Index: A significant proxy for the strength of the overall market. If this is index is doing well, it implies that money managers are more inclined to put risk on the table with buying smaller market cap companies. This chart is bullish as it is above all moving averages and…
Left: S&P 500 Ultra Shares. Found support on the 50% retracement line again. The market is volatile but looking strong despite the fiscal cliff woes; Right: 20 Year Treasury Bonds. Just wanted to give you an idea of how both stocks and bonds are acting. S&P 500 is approaching the middle bollinger band– a welcoming…
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