Hot Option Plays: A Technical Take
By:
DailyMarkets.com
Posted on May 15, 2012 at 17:51 PM EDT
Cusick’s Corner 05-15-2012 The good news — the market firmed after a decent pullback. The not so good news — we have broken enough levels of support and have not reached a level of Fear, VIX, where you might feel that the bull camp has much of a reason to challenge. Technically looking at cycle [...]
Cusick’s Corner 05-15-2012
The good news — the market firmed after a decent pullback. The not so good news — we have broken enough levels of support and have not reached a level of Fear, VIX, where you might feel that the bull camp has much of a reason to challenge. Technically looking at cycle and trend indicator tools, i.e. CCI, there is a negative reading which confirms trend right now. The market is getting to a 20 high/low period CCI, a level to watch if a turn is potentially in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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