No Reason to Stop Hunting for Buys

It's certainly been a heavy start to the week -- and, with no big domestic economic data coming until Thursday, we're left dangling in the web of international news. I'd have to say that, in the very short-term scope of psychology, the current overseas news flow hasn't been very helpful, nor has it been good for positioning.

In the meantime, the SPDR S&P 500 (SPY) is testing the eight-day simple moving average at $187.01. The SPY has managed to close above that level since Feb. 7, so it's been crucial for the price to stay above it on a closing basis. Until this trend changes, I'm predisposed to look on the long side rather than the short side for trades....322 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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