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S&P broke out trading range, backtested and closed on 1185. The key level is 1185. If it holds, uptrend will resume.
Next Tuesday is Midterm Election day. Seasonality favors bulls. According to Stock Trader's Almanac, Since 1934 for the period of 5 trading days before election day and 3 days after election day, the average return is 2.7% for DOW. There is only one time that DOW turned into negative in that period, year 1994 Dow down 1.6%.
S&P swing trade strategies
1. Swing trade for DUMMIES - buy signal triggered on 10-5-10
2. Guerrilla trend channel - buy signal triggered on 10-5-10
Russell swing trade strategy
1. Guerrilla trend channel - buy signal triggered on 10-5-10
Breakout stock list - NEW!
10-13-10: veco, algn, csx, htht
10-14-10: mbi, hsft, svm
10-20-10: gs
10-21-10: cyd, gra
10-25-10: athr, azo, llnw |
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