Saturday, March 16, 2013

All Time High For SPX Sometime This Coming Week?

Updated for VLO dividend on 3/13/13  

Bloody likely.  The grind upward in all major indices is going to continue for a while.  For SPX, the only question is which price channel SPX is going to continue trade in, Orange or Blue?  I hope SPX trades in the shallower and more sustainable blue channel.

I'm still looking for opportunities to put more cash to work, but sell offs in a powerful bull market are few and far in between.

Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice or recommendation.  Furthermore, the opinions expressed may change without notice.