The market opened higher and rallied until the 2921 level when it started a sideways to lower move, closing 0.76% higher. As mentioned yesterday, we suspected the market would push higher and expect the same funds´ window dressing tomorrow. On the economic front, the Pending Home Sales Index came out above expectations thus giving the market a fundamental support as well. At current level we maintain our neutral stance. Our recommendations were positive for the day and expect very little to none trading activity tomorrow in order to maintain our monthly profits.
Today´s Profit USD 150 (Portfolio Size: USD 25,000)
Visit Past Trades to review our history.
- Tuesday Back From Recess – Window Dressing For Month End (tradehaven.me)
- Market Snapback Continues Into End of Quarter (t3live.com)