Wall Street finished higher once again with the S&P 500 closed above 1,800 for the first time ever. Early in the week there was a mini pull-back, but in the end it was simply a rest before another charge to new highs. This is the seventh consecutive week of gains, which is the longest run in 3 years, since the politicians kicked the can down the road on the budget at mid October, this was a one way train.
With Thanksgiving and the beginning of…Continue
Posted on November 23, 2013 at 12:02pm
Wall Street finished another volatile trading week in positive territory, with the S&P 500 extending gains to a new high, as Wall Street cheered some better-than-expected corporate earnings results. All three major averages logged strong gains for the week, with the S&P 500 and Nasdaq posting their best weekly rally in three months. The S&P 500 hit a new record of 1,745. And the Nasdaq finished in positive territory, hitting a fresh 13-year high. So far, 85 S&P 500 companies…Continue
Posted on October 19, 2013 at 7:41am
Trading full time can be one of the most attractive professions in the world once one become consistently profitable and have the confidence of putting his strategy. After the trade has adopted a methodical and disciplined approach and the PnL have improved as a result of this one can find that scaling out of a winning trade is much important as to manage the risk. We wrote in past about the importance of controlling your risk (…Continue
Posted on August 24, 2013 at 5:08am