The market rally, puke, rally?
John F. Carter 1/26/2012
How Can I Join The Premium Membership Newsletter?
The premium video newsletter from John Carter & Hubert Senters is a Sunday through Thursday evening extended video newsletter. John & Hubert disect the Futures, Forex, and Stock market. If you're a new member you can take the premium newsletter for a 2 week test driver for only $5.
.png)
In the weekly chart of the S&P, the market rally has gone nearly straight up since the central banks intervened. The market has encountered strong resistence but has broken through. With a squeeze firing like it has, the barriers are removed and it will probably keep going higher. Fed day is always a tough day of trading. John went short on one of the rallies and was eventually stopped out for a loss on the day.
|
