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How High Can The Stock Market Go ?


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S&P 500 Futures---The S&P 500 in the December contract is trading higher for the 3rd consecutive session up another 7 points at 2608 continuing with its bullish momentum due to an incredibly strong Black Friday coupled with an extremely profitable Cyber Monday as this gravy train continues as I still remain very bullish the entire equity market.

If your long a futures contract continue to place the stop loss at 2562 as the chart structure will not improve for another 4 trading sessions as this momentum is getting stronger on a daily and weekly basis and as I've written about in many previous blogs that 2700 could be touched come year end.

The S&P 500 is trading far above its 20 and 100 day moving average telling you that the trend is to the upside as the whole equity market is hitting all-time highs once again as the economy in the United States is extremely strong at the present time coupled with the fact of a 17 year low unemployment rate as I see no reason to sell this market & try to pick a top as I still see higher prices ahead so stay long & continue to place the proper stop loss as the month of December historically speaking is very positive due to the holiday season.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY---LOW

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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