I am a complete rookie to a lot of the terminology for the markets?
I have no idea of what 6-handle means?
I am a government worker, aka, I bust my ass to do the things that require me to get my job done and anything my supervisor asks me to take care of; make databases, write code, etc.
After that I go back to chill mode until the next brushfire rolls in.
Please clarify; for me and any other people who may have an interest?
What is a 6-Handle,
What are the details of all spec.'s associated with this "6-" ?
How does that affect the markets?
Does this have any specific bearing on TSP Funds or accounts?
D
Hi Danny -
A "6-handle" is just referring to the first digit of the S&P 500, in this case, when it dropped from 700 to 699. It went from a 7 handle to a 6 handle.
Traders will do the same for anything... If Apple is trading at $92 for example, a trader might say, "I'll be a buyer if we see an 8-handle on Apple." (meaning it moves down into the 80's).
Hope that helps.
Tom
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