S&P-500 outlook for September 1, 2014

Last trading day of August and business as usual for the S&P-500. Trading around 2000. I think the index will go much higher from here (probably in September). What we are seeing now is some consolidation after the gains made in the last 3 weeks. We stay long. Stop on long positions trailed up to @ 1980 (spot index at close).

SPX_20140829

Chart courtesy of StockCharts.com. http://stockcharts.com

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