CHICAGO, Jan. 25, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "MacktheKnife".

(Logo:  http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

For more Voice of the People, visit http://at.zacks.com/?id=5851

Featured Post

The Trend Is Your Friend (Until the End)

January 25, 2011 - RELATED TICKERS: Standard & Poor's (S&P) 500 (NYSE: SPX),

The Standard & Poor's (S&P) 500 (NYSE: SPX) has moved from a closing level of 1,047.22 on Aug 26 to a closing level of 1,283.35 on Friday, with its steady progress impeded by neither a consolidation nor a correction along the way.

In association with this major move, the S&P 500's extreme readings ranged from the 1,039.70 reached intraday on Aug 27 to the 1,296.06 reached intraday last Tuesday. I believe there is an intermediate probability the latter value may represent the high-water mark for SPX this month. And I think there is a high probability the index may soon experience either a consolidation or a correction for the first time since last summer.

Assuming 1,296.06 proves to be a short-term top and drawing on the definitions of terms expressed in Lions, and Tigers, and Bears! Oh, My!, I thus would consider an S&P 500 level of 1,231.26 the signifier of a consolidation and an SPX level of 1,166.45 the signifier of a correction. All things considered, the former potential event appears more likely to occur than does the latter.

About the Zacks Community

In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.

Follow us on Twitter:  http://twitter.com/ZacksResearch

Join us on Facebook:  http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts  

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

SOURCE Zacks Investment Research, Inc.