Hedge Fund business has been tough these last few years but last year was probably the worst year for performance with only an average gain of 2.86%.
Friday, January 18, 2013
2012 Highs Achieved!!! BINGO
Gap and go day yesterday as the market pushed higher most of the day. We did pull in a little into the close, but it was still a positive session. Volume came up and breadth was Bullish, although it closed off its best levels.
The S&P 500 hit its 2012 highs target, but couldn't stay above that level into the close. This is cause for a little concern, but not too much until we see if there is responsive selling off that level.
For today, there are some key earnings on tap before the market open, so that will set the tone gap wise. It is OE day, so it may just be a sloppy trading day. As most know I don't execute trades on OE days.
The S&P 500 hit its 2012 highs target, but couldn't stay above that level into the close. This is cause for a little concern, but not too much until we see if there is responsive selling off that level.
For today, there are some key earnings on tap before the market open, so that will set the tone gap wise. It is OE day, so it may just be a sloppy trading day. As most know I don't execute trades on OE days.
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