Are You Laughing or Crying About Markets?

Are You Laughing or Crying About Markets?

There's no question about it, the markets can be very difficult at times. On the other hand, you can laugh all the way to the bank if you approach the markets in a systematic way.

I was looking once again at the S&P 500 and many people have said the market has gone up, not on the fundamentals, but on the perception that things are going to be better. Perception is one of the most powerful elements of the market. I would say that perception trumps both the fundamental and technical.

So what's going to happen to the S&P 500? Is it going to continue going higher for the rest of the year, or are we close to a turning point?

http://broadcast.ino.com/education/sp5001019/

In my new short video, I outline several key areas that this market is fast approaching. These levels could be the Achilles heel for this market and potentially set the direction for the rest of the year.