S&P 500 futures trade 1425 after talks progress – Happy New Year

1 min ES_F showing highs 1425.75

Happy new year from Hedge.Ly. We would like to thank you for your continued perusal of our articles.

We hope you learn something but most of all remember you must craft your own plan before you can succeed in your own trading.

Do not let today’s bullishness catch you with your pants down as deal or no deal is still being played on capital hill. It looks as if a deal is priced in and we will continue on a path higher if a deal is reached.

No deal and we go off cliff for a number or days will mean a downgrade and further issues with United States as a going concern.

The chart below is that of $HOV….  A stock which we mentioned here in later 2011 as a performer for 2012, it turned into a 7 bagger. as it closed @ 7 dollars today.  $XHB also has done well. Remember the trade the media hates to love is usually the trade you should take the opposite of.

Weekly HOV. 
1 min ES zoom
5 min

 

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