Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

S&P 500: We're Above A Key Level: Bullish

We'll keep this short and sweet. We had been using the S&P 500 ETF SPY level 268 for some time as you may know.

We have a new level based on the see-saw action we've been seeing in the market the last few days.  We're bullish but to confirm that bullishness here's the chart we're using.

271 Key Bullish Level Now

S&P 500 chart
Source
After a long weekend we think Tuesday's action chopped many traders. Breaking above that Tuesday's high, which is where we stand now, is very bullish.

Staying above that level, which we expect, is reason to have some more conviction.

Wishing you success.



SUBSCRIBE





All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues.

Sign Up To Get Select Tech and Market Calls From Us, Free To Your Inbox

Contact Us

Name

Email *

Message *