Off the Charts

The market soared higher to kick off 2013 as investors enthusiastically cheered the fiscal cliff deal. The indices closed on the highs of the day. The Nasdaq gained 3.07%, the S&P 2.54% and the Dow 2.35%.

The fiscal cliff is resolved now and the new focus in Washington is the debt ceiling. The headlines could cause some choppy action moving forward so continue using a hedge to manage your long positions. Today the S&P (SPY) closed above the 1448 pivot, opening the door to retest the September 1474 highs....703 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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