This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

S&P 500 Sets Up to Bust Above 2,000 After Another Slow Day

"More men have become great through practice than by nature." -- Democritus

NEW YORK (TheStreet) -- We saw a quieter day once again as we blow off a bit of steam from recent moves. I'm still not seeing any signs of a top whatsoever, even as the S&P 500 approaches the coveted 2,000 level.

It looks like we will move past 2,000 early next week to me, but I've been wrong before.

Read More: 7 Stocks Warren Buffett Is Selling in 2014

There are still a lot of leader stocks that have great buy points set up and I've covered those this past week for subscribers.

We're ready to go as soon as buy points are hit.

Great stuff from the S&P 500 SPDR ETF  (SPY)   as it sets up to move past $200 sooner rather than later by the looks of it.

Read More: $16.65B Bank of America Settlement Will Settle Nothing

I didn't expect this type of move in August -- but I'll take it any day.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
SPY $211.61 0.12%
AAPL $130.25 0.22%
FB $82.26 2.30%
GOOG $537.75 -0.27%
TSLA $249.01 0.27%

Markets

DOW 18,072.00 +60.06 0.33%
S&P 500 2,114.53 +4.93 0.23%
NASDAQ 5,100.7830 +24.2590 0.48%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs