A Market Timing Report based on the 1-24-2014 Close published Sunday January 26th, 2014
The SP500 Index (SPX, SPY) has broken 1st support, and for aggressive traders, it’s a sell signal. The chart below shows you where next support is. On the access page notes tonight, I’ll spell out my personal spot to sell the SP500 Index.
SP500 Index Chart:
As mentioned over the past few weeks, investor sentiment is starting to flash caution signs. I covered my thoughts on investor sentiment for free subscribers by posting it last Thursday. Be sure to read it. You can access my thoughts after getting the password here: Free Subscription to My Newsletter and access to my latest comments I’ll send you back the password to the access page and the monthly newsletter in the same email.
Standard Disclaimer: It’s your money and your decision as to how to invest it.
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I thank Worden Brothers for the chart system I use to post these charts. If you want to know more about the charting system I use every day, go to my “Other Resources” page here: Other Resources It makes it much easier to follow along with me if you can see the charts and manipulate them on your own computer, so it’s a great investment to have an excellent charting system.
Look for updates on the main chart tracking pages this week as I feel they are needed and comments via Twitter.
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