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Monday, November 25, 2024

Sitting at Key Levels

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

The S&P 500 has now run to a key level of resistance.  If bulls can push through here and not lose it by end of day it should be a positive.  There are some groups such as banks which are very overbought right now as the fiscal cliff is solved trade is running through them market.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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