Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

All Eyes on Nov 2012 Up Trendline in the SPY


All eyes on 165.80 in the SPDR S&P 500 (SPY), which represents the up trendline from the Nov 2012 low.

If violated and sustained, it should trigger additional, possibly acute weakness that tests more critical support at the Aug 2013 pullback low of 163.05.

At this juncture, only a sustained break of 165.80 likely will trigger some flight-to-safety buying in the iShares Barclays 20+ Year Treas Bond (TLT) (accelerated selling in the ProShares UltraShort 20+ Year Treasury (TBT))...

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!