Market Recap: 13 Jan 2013 – S&P Slides to Lowest Levels of the Year

By Markus Heitkoetter
U.S. equity markets traded lower today, making new lows for 2014. The S&P was down 23 points while the DOW had triple digit losses, down 179 points.

Nike (NKE) a Power Crossover Method sell candidate on 9 Jan 14 was one of the biggest movers in the DOW, down -2.26%.

Gold continued its rally today, up another +$5.40 finishing the session at $1252.30.

GLD (SPDR Gold Trust ETF) is up $5.08 since identifying a buying opportunity when $1200 held as support. Traders who bought the 112 Feb Call might consider some trade management with the option currently up $325, or 54% since the post.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s