Traders Corner   8 comments

The S&P 500 levels to watch today:

UPSIDE: 1658-1659 (4 data points), 1660 (50 day moving average), 1663-1664 range (2 data points), 1678 (20 day moving average), 1679 (August 15th’s high), 1682-1684 (4 data points), 1686 (August 9th’s low), 1688-1693 (12 data points), 1695-1696 (3 data points), 1698-1700 (2 data points and July’s high), 1703 (August 5th’s low), 1705 (August 6th’s high), 1707 (August 1st’s high), 1709 (2 data points and the all-time high), and 1721 (top of the Bollinger Bands).
LAST CLOSE: 1656 (2 data points).
DOWNSIDE: 1654 (June’s high), 1652 (August 16th’s low), 1645-1646 (3 data points), 1639 (August 21st’s low), 1636 (bottom of the Bollinger Bands), 1604 (July’s low), 1597 (April’s high), 1581 (May’s low), 1572 (March’s high), 1560 (June’s low), and 1557 (200 day moving average).


Posted August 27, 2013 by edmcgon in Daytrading, Investing, Market Analysis

8 responses to “Traders Corner

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  1. Ed,

    Thoughts on NOV?

  2. For oil and gas plays, there are much better plays out there than NOV. When Exxon pays a higher dividend than an oil/gas company, that company better have some serious growth prospects. I just don’t see NOV that way. I would even prefer LINE over NOV, even though LINE is a much riskier play right now.

    So why is Warren Buffett buying NOV? It is a safe stock, and should be around for many years to come. If you have a few billion dollars lying around, and you need a safe place to put it, NOV will do.

  3. Is this a good time to buy on the dip?

  4. Support broke 1633 next stop 1613-1617 es.

  5. Here is an interesting technical view of the markets (and it is quite bearish):

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