Do Not Be Short The S&P 500

Do Not Be Short The S&P 500
Do Not Be Short The S&P 500

S&P 500 Futures—The S&P 500 in the March contract is currently trading lower by 4 points at 3908 after settling last Friday in Chicago at 3880 continuing its bullish momentum as this is a strong demand market as investors continue to put money into the entire equity market especially the Nasdaq-100 which is at an all-time high once again.

The S&P 500 is trading far above its 20 and 100 day moving average as the trend is very strong to the upside and as I’ve talked about in many previous blogs I think prices will hit 4000 level in the next couple of weeks as I see absolutely no reason to be short due to the fact of massive stimulus packages which means that money has to go somewhere and it’s going into the S&P 500.

Fundamentally speaking better-than-expected company quarterly earnings results are a supportive factor for equities as 81% of the S&P 500 companies that have reported quarterly earnings results through Wednesday have exceeded estimates. The pandemic in the U.S. continues to ease, which is positive for the economy after 95,862 new Covid infections were reported in the U.S. on Wednesday, the fewest in 3-1/4 months.

The volatility still remains average despite the fact that we are at all time highs as we continually grind higher on a daily basis as the technology sector is absolutely on fire with all of the new inventions coupled with the fact that the car industry is on fire due to autonomous driving and lidar inventions. 






If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit 





If you’re looking to open a Trading Account click on this link 


There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.