Our stock trading strategies are based on surprisingly simple yet effective no nonsense logic that is uncommon in the stock market. For our short term trading strategy we:
Buy at support;
we take small, quick profits;
and we use the 10/2 rule so that we never slip backwards.
Prices rallied higher on increased volume today. The S&P 500 has broken the neckline of an inverted head and shoulders pattern. The price target, if the pattern holds up, should be roughly $110; a significant gain from current price levels.
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