Thursday, May 8, 2008

200-day Moving Average Is A Brick Wall

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks got off to a rough start yesterday morning, but recovered to finish the day solidly higher. Although the major indices opened significantly lower and dropped a bit more in the first thirty minutes, the bulls subsequently stepped up to the plate and triggered a steady intraday uptrend in the broad market. The S&P 500, Nasdaq Composite, small-cap Russell 2000, and S&P Midcap 400 each scored an identical gain of 0.8%. The black sheep was the Dow Jones Industrial Average, whic[...]

Read More...

[Source: The Money Blogs]

No comments:

Post a Comment