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.

Time of Truth for S&P


The time of truth approaches for the S&P 500 SPDRs (AMEX: SPY), as we see if it follows through beneath its break of the March-June trendline (152.70) towards a confrontation with the rising 9 and 20 AMA's (now at 151.66/65), which must contain further selling pressure to avert a much more serious breakdown to 149.00 (next target). The ability of the SPY either to hold and reverse back above the trendline at 152.70 or to hold and reverse off of the AMA's at 151.65 will indicate the health or deterioration of the March-June uptrend.
  • 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!