Welcome, The Smarter Investor is here for sharing ideas and technical analysis. Main focus on equities but also bonds, options, and FOREX.
Monday, March 12, 2012
SPY, MSFT, BLK
Got stopped out on Blackrock over the week, pretty bummed as I still think it has room to run with my bullish bias on the S&P.
Same for Microsoft. Lesson learned too aggressive on the stops. I'm looking to reenter MSFT at a break of $32. Looks like it is due for a breather, maybe even down to the $28 Jan breakout.
S&P broke resistance but still had a mediocre week. It is respecting the $135 support. I'm still very much bullish. Weekly Chart
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