Fuinhaz $SPY read for January 28 2013
January 28, 2013 - 9:09am
$SPY pretty much flat. $CAT came out with earning this morning, and Durable goods rose spending surge. On Wednesday we have the FOMC rate decision, so since we know that the rates will not change, let's just wait for the fed to say something that we don't know like when was the last time he had a hair cut.
Anyways, there isn't too much to write today about, so I am going to go straight to biz.
$SPY 1st support is 149.72, 2nd support 149.22and 3rd is 148.59.
$SPY 1st target is 150.42, 2nd is 150.98, 3rd is 151.32, and 4th one just for fun is 151.83.
Trade what you see not what you think.Continue reading this article »