Vinny Catalano's S&P Targets: 950 End of 2010, 750 in 2011 (Blue Marble Research) S&P Chart

Vinny Catalano, of Blue of Marble Research, on Tech Ticker six days ago (9/1/2010) said the S&P 500 was in a trading range between 1020 and 1150 and to watch support/resistance levels. Ultimately, Vinny believes the S&P will break to the downside and hit 950 by year end and 750 in 2011. He believes a political gridlock will not be good for the stock market and sees negative catalysts ahead. See the Tech Ticker video after the jump and S&P chart. I think the summer 2009 chop fest highs get tested around 950.




S&P 500 Large Cap Index (Courtesy of StockCharts.com)


Previous video in a post from July ('Cautiously Bullish but Ready to Jump')

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