Today, we experienced a new YTD high in S&P 500 index at 1254. Where do you think the stock market is headed next especially as we start a new year? This video gives a decent scenario on one possible future direction of S&P 500.
I recently learned a new technical indicator called Williams %R. It is very interesting as it can give information on when to buy and when to sell securities. MarketClub released a video explaining how to use Williams %R to your advantage and uses Crude Oil historical chart as an example.
As consumers spend more money after Thanksgiving, the stock market sharply rises this week expecting that the economy is getting better. Past two days, DOW jumped more than 300 points and should continue moving higher towards 11,450 range. Think about how long this rally will last and what would be a good exit strategy as you watch this video.