Rosy Colored Glasses

13:15 America/Los_Angeles 14 Oct 2009 5 Comments

Optimism is rampant. Party hats are all over the place in the media and on the streets of Wall Street. Calamity has been avoided and nothing but clear skies ahead…. right? That is what you would think based on everything out there these days and it definitely has been a good trend to follow in terms of the keeping the NHF sidebar portfolio roaring along. Definitely wish we didn’t get sucked into a couple head fake downturns along the way, but we wanted to stay on our toes with this kind of market in case of a morning wake up gap down 500 kind of day. So with all this in mind and looking back at how far we have come is there any kind of hurdle in the future? It seems that there is no end in sight after all of the theories out there have been surpassed many times over. Using some technical analysis we wanted to find any kind of resistance that could be potential killers lurking and looking at some long term analysis we have marked some significant levels on the SPY (S&P 500) to consider. As of late the trend has been our friend to the upside.