Monday, August 17, 2015

8/17/15 The Squeeze between 50 and 200

The S&P is being squeezed between its 50 and 200 day moving averages

I think if Ben’s secret weapon DVY breaks out upward, and, the S&P500 does too, the market will go to new highs.  If the DVY breakout point is 77.50 and it goes to 80 that would be a 3.2% move.  It the S&P breaks out at 2100, 3.2% takes it to 2167.  There is no logic in that, I know.

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