The first week of February opened at 1936.94 and ended the week at 1880.05 for a drop of 56.89 points or 2.9% but with all 5 days investors saw big swings up and down. By Friday though, the S&P had broken down to close at 1880 just above the important 1870 support level. This is the low from the August sell-off.
Historically Bearish
Historically speaking the second week of February has been bearish…… the rest of The Week Ahead article is for FullyInformed Members.
The Week Ahead – Second Week Of Feb 2016
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- Oil, China, Earnings – First Week Of February
- Will The Rebound End – Final Week Of January
- Strategies For Profiting In Downturns – Second Week Of January
- Fresh Profits To Start Off 2016 – First Week Of January
- Review Past Week Ahead Articles (listed recent to oldest)
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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