Charlie Anderson's  Instablog

Charlie Anderson
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I am currently a student. I use a mix of technical and fundamental analysis to arrive at investing prospects and then do in-depth analysis.
  • Market Tracker, 6-15 0 comments
    Jun 15, 2010 4:51 PM | about stocks: SPY, LPHI

          After much waiting,the market finally broke out today. The volume was relatively low, so it's possible that tomorrow the market will re-test what has likely become support around $SPX=1100. However, it looks like the up-segment has been launched. I plan to enter more long positions at the open tomorrow. This will likely be a low-risk entry point if the support I mentioned earlier is valid. I'm going to enter a position in SPY tomorrow at market open to add exposure for this up segment.

    Disclosure: Long LPHI

    Stocks: SPY, LPHI
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