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I Remain Bullish The S&P 500

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S&P 500 Futures---The S&P 500 settled last Friday in Chicago at 2752 while currently trading at 2817 up about 65 points for the trading week hitting a 4 month high as this market is getting stronger on a weekly basis.

The S&P 500 is now trading above its 20 and 100 day moving average as the trend clearly is to the upside as prices are right at major resistance and if we can break the November 7th high of 2833 I think then we will test the all time high which was hit on October 3rd at 2960 as I see no reason to be bearish this market.

The 10 year note is currently yielding 2.60% which is incredibly low historically speaking and that is also helping push stock prices higher so if you are long a futures contract stay long as there is more room to run in my opinion. Corporate earnings continue to be very solid as the United States economy is outstanding at the present time as money flows continue to come into U.S equities as the rest of the world is in envy.

If an agreement comes out to be a positive situation that could ignite equity prices substantially higher as it certainly looks like that panic sell off in the month of December was a terrific buying opportunity.




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

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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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