S&P 500 Snapshot: A Last-Minute Win
From dshort.com - Advisor Perspectives
November 20, 2012 - 4:50pm
Nov 20, 2012 Doug Short Futures signaled a weak open, and that's what we got. The S&P 500 saw some minor selling in the first 15 minutes but bounced back to the opening price within an hour. The index hovered directionless until Chairman Bernanke's luncheon speech to the New York Economic Club. The index promptly plunged to its intraday low, off 0.71%, at 1:30 PM. But the 500 apparently had a mission to book a third consecutive day of gains. It marched slowly higher, struggled for a bit at the 1,386 level but remained determined. And determination paid off with a closing gain of 0.07% in the last minute of trading.More...
November 20, 2012 - 4:50pm
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