The Easy Money Has Been Made

In Tuesday's column, aptly titled, Time to Buy, I talked about how I was looking for spots to add to bullish positions as the Feb. 1 gap in the Russell 2000 (RUT) at the 792.82 level had just gotten filled. Furthermore, in the SPX there was the additional support at 1340 which I thought would hold if the market were to sell off some more.

The subsequent low in the S&P 500 (SPX) was 1340.03 and now look at it. The SPX and Russell 2000 have just filled their gaps from Tuesday's big shakeout. In other words, the entire loss from Tuesday's session has now been completely retraced at least in the SPX and RUT and Nasdaq, though, not quite in the Dow, which is still about 50 points shy....777 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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