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I'm going to offer my insight into the market under my pseudonym "Trader7." I was educated at a top University in finance and economics ranked top 20 in the world. My industry experience ranges from auditing to investment research. My background includes over 20 years as an analyst... More
  • S&P 500  0 comments
    Feb 15, 2013 4:05 PM

    I'm feeling a tad nervous at this moment with some stalling in the S&P 500 and DOW. Heck, the S&P 500 is really doing very little since breaking above 1,500 a few weeks ago.

    I wonder if it has anything to do with the tops in 2000 and 2007 and maybe 2013?

    Just take a look at the upper resistance as shown by the top blue line on the chart and the oval. The MACD is also is a downtrend.

    (Chart from stockwatch.com)

    Be careful!

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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