The past week saw the S&P open Monday at 2064.11 and close on Friday at 2066.96. Another week of no real gains or real losses in the index but the trading range remains tight within the S&P with the 2050 level holding on for the week and the 2075 level keeping a top on the market in the final two trading days.
Momentum for the week was almost equal but there remains a slight bias to the upside.
Volume in general this past week has been somewhat poor.
The 30 minute chart below shows the activity for the week. Investors are continuing to see a market that refuses to drop back and regroup. Instead investors remain content to trade daily price swings and buy stocks on dips and sell them on just about any rise. In short, still a trader’s market.
4 day SPX to April 2
3 Month Chart
Looking at the 3 month daily chart below you can see why the bears remain so frustrated. Each dip has been a buying opportunity despite the market being unable to ……….. the rest of this article is for USA Members.
This week is a pivotal week for April and for the market in general. The Week Ahead strategy article this week looks at the past to assist in determining trading strategies to be using and what key aspects investors should be watching as the week unfolds.
Investing Strategy Notes for the Week Ahead – Pivotal Week For April
FullyInformed USA Members can login directly through this link to read the investing strategy notes for the week ahead or they can sign in to the full USA members site here. Non-members can join FullyInformed USA here or read about the benefits of being a member.
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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