Stock Market Analysis–08-10-2011

August 10, 2011 at 10:43 pm · Filed Under Broader Market 

S&P 500 Weekly Chart

It’s been a hectic summer for me, but it’s probably a good thing that I’m not too active in this market.  There’s not too much to be said that hasn’t already been repeated a million times.  Limiting risk is the biggest thing to think about.  There will be some huge bounces, but you really want to wait for those confirmations before you jump in too hard.  Right now, that’s probably seeing the S&P 500 over $1200.  We’ll see how much further this can go…

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