Fintech executive, writer, math geek, and investment systems developer. Founder and CEO of Altruist and Founder of FormulaFolios.

Market Update - November 5, 2011

The stock market is moving higher out of the gates this week and today is brushing up to both the falling trend line and the support/resistance I've talked about quite a bit over the last six months.  If it breaks both and sustains those levels for more than a couple days it would be a very bullish sign for stocks moving into year end. Here's a link to a chart that will updated each day automatically showing where the S&P 500 is relative to the trend and resistance:

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88359719529&a=242211658

I'll keep tabs on this closely and post an update once we see if the market either breaks through or stumbles as it has the other times it has gotten to this level.

Best,

Jason Wenk

Tactical Asset Allocation (TAA) Monthly Feature for December, 2011

Tactical Asset Allocation (TAA) Monthly Feature for December, 2011

11 Years of No Gains but Lots of Volatility