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Lance Jepsen
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I have been trading in the markets since the 90's. I'm the owner of the stock trading blog and the StockTradingMaster channel on YouTube. I've transitioned, like most, from a longer term buy and hold strategy to a shorter term swing trading strategy. I like trading in... More
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  • S&P 500 FINALLY Breaks 1850 Resistance But Watch Ukraine 0 comments
    Mar 9, 2014 3:38 PM

    The S&P 500 has FINALLY broken about the 1850 resistance level but there's a big threat out there: Ukraine.

    Think of the situation like this. The S&P 500 is overbought since its massive climb that began in February. All it's going to take is one bad news story out of Ukraine to give traders a reason to sell and take profits.

    Any sort of "external" event can lay waste to even the best stock trading algorithms and stock market predictions. I think Ukraine is just such an event that could lead to a sell off if fear continues to escalate over the situation.

    I think the mainstream media in the U.S. has done a bad job of reporting on the situation. This means that it's probably a bigger catalyst than most traders realize. I did an article on this here: The Real Story about the Ukraine and What Investors Should Know

    Nevertheless, the Bulls are clearly in control of this market as I demonstrate in this week's show:

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