S&P 500 Snapshot: A Close Below 1500

From dshort.com - Advisor Perspectives
January 31, 2013 - 4:42pm

Jan 31, 2013 Doug Short  In my S&P 500 update after yesterday's close, I asked: Will it [the 1500 level] serve as support? Stay tuned." Alas, today the index played an extended game of crisscross with the 1500 level. But in the final hour of trading, the algorithms clicked into sell mode and the index closed with a modest loss of 0.26%. But that was enough to put a sub-1500 number, 1498.11 in market history for January 31, 2013. On a brighter note, the 500 gained 5.04% for the month. Will the first day of February take us back into the 1500s? Stay tuned!More...

Share this article »  

Continue reading this article »