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.

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