Friday, November 15, 2013

Start Putting Stop For End of Year Trade

With the SPY price getting close to the target price of $181.00 (it is now in the $179 area), there should be some interest in moving the stop loss to protect gains on the end of year trade (older posts below). The suggestion would be to put a stop loss in the 176-177 range. This protects your investment. There could be a slight pullback before the final push above $180. This area of stop loss allows for that.

This will be a nice end of the year for those invested. But there are still bullish opportunities for 2014. Good luck to all.

Start of Trade Post

Continuing of Trade Post

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