Friday, January 30, 2015

S&P 500 is Range-bound for Now ... But Coiling Up

You can see that the S&P 500 is both range-bound and coiling up within that range. Watch for the coming breakout. 

Visit to see more great charts.


Which way do you think the market will break out? In today's $10 Trigger Alert, I'll tell subscribers my view.

Some stories you should read

Weekly Initial Unemployment Claims decreased to 265,000

This is the lowest level for initial claims since April 15, 2000 when it was 259,000.

Final January Consumer Sentiment at 98.1
That's up from 93.6 in December.
I'm sure this is somehow bad news for President Obama/Hillary Clinton/Insert politician of your choice, he said sarcastically.

Real GDP increased at 2.6% Annualized Rate in Q4
was below expectations of a 3.2% increase. However, Personal consumption expenditures (PCE) increased at a 4.3% annualized rate. That is the fastest pace in 9 years.

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