The $SPX held above the 1140 level (61.8% fib from April highs to June lows) but struggled to find sustained buying around 1150. In fact, the quarterly settlement for SPX was 1149.54 which suggests a significant (sentimental even) level. This week also signaled the first of the last five that failed to show a positive close for the broader market. Perhaps it’s the fear of the unknown in earnings season which officially begins next Thursday when Alcoa ($AA) reports. I’m not leaning heavy either direction here, but would prefer a pullback to see if buyers continue to step up.
Enjoy the links and your weekend!
Women make safer financial decisions when faced with sexual stereotypes
The fear of loss and the fear of not having enough
Fun “poker style” personality game
Why So Many People Can’t Make Decisions
A Surprising Source of Investment Stress
Your Mind and Your Money – The Psychology of Poor Investing
Traders using turbulence indexes to gain edge in markets