Don't Be Foolish, Sell the Next Key Level In the S&P 500

Well that was a serious rally of the back of a lot of liquidity infused into the global markets. The bears got caught off guard and pushed the S&P 500 up a whooping +50 points, Dow +490 and the NASDAQ +104.83. We (Our Members) caught some upside with Gold (

), which we sold for a 3% gain. This new liquidity push could easily get the S&P 500 to the highs from three weeks ago and we would be a seller at those levels, 1277 to 1288. This market is extremely manic, we will wake up next week realizing that A). China's move today was because their economic slow down is worse than realized. B). There is no solution in Europe except defaulting in smaller countries. Be Prudent and don't be hopeful for a year end rally to 1304 /1350 and take risk off the table in the 1277 range if we can get there. For TheChartlab.com's new automated charting platform that will make anyone a better investor visit www.chartlabpro.com