25 July, Weekly Stock Market Review
S&P’s closed the week strongly, however they are still trading in the box from 1050 to 1100, a break above or below this range will open up a move to 1130 above the market or 1035 below it. The VIX is also still trading in the box, a close below 23 would be bullish for equities and a close above 27 would be bearish. Enjoy the rest of your weekend guys. If you would like to view how we trade the futures markets in our members area register here for a 14 day guest pass to the GT members area.
Martin Thomas is a retired investor, he is a consultant to hedge funds specialising in enhancing trader performance. He founded the Genius Trader Ltd in 2006. He has been advising traders since 2005. He is a guest speaker at Anthony Robbins Wealth Mastery Seminars.