Wednesday, February 29, 2012

S&P 500 ~ EOD Update ~ 29 February 2012

After a rally to 1378 in the morning the SPX corrected and closed 6.5 points lower - that's actually the fourth worst day of the year...

As long as the market keeps making higher highs and higher lows pullbacks should be bought. I still like the comparison with 2010 though, i. e. a 50-point-correction sometime soon, and if the support at 1355ish breaks the correction should be underway.