Below is an update of some key major index’s. Three of the four are breaking resistance!
Interesting to see the NYSE index pushing above resistance prior to the 500 index! If this was a Friday, “Joe Friday” would say, so far the 500 index and NDX have NOT broken resistance…”Just the facts!”
Game Plan…If you consider yourself an aggressive investor, Buy the NDX 100 with a 3% trailing stop. If you consider yourself a moderate to conservative investor, a breakout needs to take place in the NDX before a purchase should be made at these key resistance levels.
Open positions of EEM, EWZ, GDXJ, OIH and SLV continue to far outpace the 500 index of late! Add 5% stops to each of these positions to protect the quality gains that have taken place recently.