Bears May Have Final Say

1:30pm (EST)

The market has been trending lower for much of today’s session as the bears try to even things up going into the weekend. We’ve had a busy day and here is how we look going into the second half of trading.

The Dow started the week at 12,638 the low was 12,537. The index is currently down 105 points to 12,590 after briefly trading over 12,700.

The S&P was at 1,340 to start Monday’s session and traded to a low of 1,332 yesterday. The index is off 10 points and is at 1,338.

The Nasdaq stood at 2,827 and traded up to 2,874 on Wednesday but is currently lower by 30 points to 2,833.

We mentioned this morning’s upside targets which could come into play next week but it appears the bears are making Friday the 13^th an unlucky day for the bulls.

We are looking for the S&P to close above or at 1,334 today as a sign the rally continues into next week.

We have a lot to cover in our Members Area, including the 2 new trades we just released so we have to cut it short today. We will be back Sunday night with our Weekly Wrap for those of you who want a head start for next week.

Remember, we are running a short-term special where you can get a copy of our option trading manual, How to Trade Options on Momentum Stocks, which includes our monthly videos, if you order a 1-year subscription to either our Daily newsletter or the Weekly Wrap.

This deal won’t last long so for those of you looking to upgrade your account or looking to get a great deal on our option trading course, now is the time to do both. See you Sunday night and have a great weekend.

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Bears May Have Final Say

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