Sunday, January 15, 2012

01/15/2012 Market Update

Summary: The markets will be closed tommorrow 1/16 for MLK Day. The market is very over bought. Despite downgrades for the Eurozone, the market will still tick a little higher on Tuesday.

SPX (11/13)-
Market Close: 1289
Short Term Target: 1293

TBT (11/13)-
Market Close: 18.15
Short Term Target: 18.15

Follow me on Twitter @AcesRothstein to get intraday trades (sometimes it takes two or three days to get to a short term target, it will never be in a straight line. To capitalize on these moves, one will need access to real-time updates throughout the day).

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